In keeping with recent trends, and notwithstanding the challenges of court and business closures, there was no shortage of case filing activity in the courts. First, there were over 90 separate claim filing or registration deadlines in 2020. Further, Broadridge identified more than 450 newly filed class or collective actions worldwide related to investments in publicly traded securities, bringing the total number of active cases we are tracking but have not settled to well over 1,000. Moreover, over 140 new settlements were reached in 2020, totaling more than $6 billion (USD).
In this report, Broadridge, an active partner supporting the class action needs of the financial services industry, highlights the 10 most complex class action cases of 2020. Collectively, these settlements total over $3.4 billion (USD).*
*This figure does not include settlement amounts for two cases currently pending.