The 2016 class-action lawsuit list shows that more cases are being settled than ever before. In the past year, more than 6,000 settlements have been reached, and this year’s list is no different. The number of settlements has increased by 40% compared to the previous year, and it continues to grow. Despite the recent downturn, the number of settlements remains high. There are many reasons why, and we’ll go over a few of them in this article.
Enron, which went bankrupt in 2002, owes its demise to the financial crisis that struck the US economy.
The company was once considered the largest, most innovative, and profitable company in the world. But its executives hid its losses and lied to investors, resulting in the stock price plummeting to nothing. While no one knows exactly what caused the Enron debacle, shareholders received a record $7.2 billion in settlements — the largest securities class action settlement in history – as a result.
The list includes settlements for the Equifax data breach, the Volkswagen emissions scandal, and the BP Gulf of Mexico oil spill. Other settlements include a huge PS1 billion (£1.4 billion) and a massive 6.6 billion for the RBS securities fraud. These settlements are all listed on the ISS Class Action Database page. The database also provides a link to a summary of the settlements. The next time you’re interested in a class-action lawsuit, consider contacting a lawyer. The list will be updated regularly, so check back often!
In terms of numbers, Labaton Sucharow, Grant & Eisenhofer, and Barrack, Rodos & Bacine tied for third place in the Class-Action Database.
These firms represented plaintiffs in ten settlements that totaled $13.2 billion. There’s a lot of money to be made. If you’ve been a victim of the tobacco industry, you may be eligible for a settlement.
In addition to the individual lawsuits, these two lists contain a variety of other types of settlements. Most of these cases involve large groups of consumers. These can include environmental lawsuits, as well as products or services that cause severe health issues. The ISS lists all securities class action lawsuit settlements that were made in the past year but excludes collective investor action settlements outside the U.S., such as Fortis.
In 2016, the ISS published a list of the top-class action lawsuit settlements worldwide.
In addition to the Tobacco Settlements, these suits also included collective investor actions. The BP Gulf of Mexico oil spill settlement is worth a whopping $20 billion, and the Volkswagen emissions scandal accounted for $14.7 billion. The Enron securities fraud case, meanwhile, has a staggering $7.6 billion. The number of class action settlements involving the tobacco industry is rising.
There are several other reasons to file a class-action lawsuit. There’s no shortage of potential targets. The ISS list includes settlements involving U.S.-based securities classes. However, it does not include settlements for collective investor actions outside of the U.S. Nevertheless, the ISS list includes many international class-action settlements, including those in other countries. These cases may result in massive damages for millions of investors.
The Open to Claims page on the website lists all the open class-action suits that are pending in the U.S. in 2016.
If you are interested in filing a class-action lawsuit, you can contact the corresponding law firm to learn about the deadlines. The deadlines listed on the site will help you decide which lawsuits to file. You can also seek a settlement after the court rules have been favorable to your cause.
There are several types of class-action lawsuits. Antitrust-related suits involve allegations of price-fixing or illegal overpricing, while securities and investor fraud cases involve many investors. There are also thousands of other types of class-action suits, including sexual harassment, anti-trust, and consumer protection. A class-action suit can be filed on several topics and may result in millions of dollars in damages. The most popular lawsuits involve a wide range of issues.
