To add a little perspective to the subject. In Security transactions alone, a 31% increase in 2016.
Record Increase in 2016 US Securities Class Action Filings Driven by Merger-Objection Cases; NERA Economic Consulting Releases Annual Securities Class Action Trends Report
Total class action suits have varied little by the year, over the past 20 years with the number of suits increasing or decreasing by one or two percent along the way.
The cost and difficulty of pursuing a class action suit is almost insanely expensive and complex, requiring research and investigation of federal, state, and lower levels of law, many of which are mutually exclusive. Even though there may be a settlement, the amounts can be divided to be higher or lower than the average settlement, and the beneficiaries not necessarily the individuals who have been harmed the most... or harmed at all.
My understanding... I defer to those with more or better info.
Some stats here:
Type and Frequency of Class Actions | Class Action Survey
Record Increase in 2016 US Securities Class Action Filings Driven by Merger-Objection Cases; NERA Economic Consulting Releases Annual Securities Class Action Trends Report
Total class action suits have varied little by the year, over the past 20 years with the number of suits increasing or decreasing by one or two percent along the way.
The cost and difficulty of pursuing a class action suit is almost insanely expensive and complex, requiring research and investigation of federal, state, and lower levels of law, many of which are mutually exclusive. Even though there may be a settlement, the amounts can be divided to be higher or lower than the average settlement, and the beneficiaries not necessarily the individuals who have been harmed the most... or harmed at all.
My understanding... I defer to those with more or better info.
Some stats here:
Type and Frequency of Class Actions | Class Action Survey