John Lewis Quoted in InsuranceNewsNet on Security Class Actions
March 9, 2017
On March 8, InsuranceNewsNet quoted John Lewis in "Security Class-Action Suits Rise; Settlement Figures Stagnate." The article focuses on a new study showing that investor losses in investment-related class action suits tripled last year, tallying them at $468 billion.
"These securities class-action figures are driven, in part, by the recent trend in Delaware and other venues scrutinizing and limiting so-called 'disclosure only' settlements in merger-objection cases," John said. "The increased scrutiny of settlements has had a butterfly effect, while case filings may be up, settlement rates are down and dismissal rates are at an all-time high. More of these cases are being litigated and fewer are ending with quick-strike settlements."
Read the article here.