Institutional Shareholder Services’ Securities Class Action Services (ISS SCAS) has published The Top 100 U.S. Class Action Settlements of All-Time (as of December 31, 2019), which, as reported by ISS SCAS, is an annual report that identifies the largest securities class action settlements filed after the passage of the Private Securities Litigation Reform Act of 1995. The cases reported are ranked by the total value of the settlement fund. According to the report, although in 2019 ISS SCAS recorded 101 approved securities class action settlements in the United States with a combined value of $3.17 billion, only two were large enough to qualify for this list (one for $389.6 million and another for $250 million).
For the fourth consecutive year, Berman Tabacco was listed as one of the firms with the most settlements on the Top 100 list, with seven settlements totaling $2,320,900,000.