(Reuters) – The pace at which investors bringing U.S. securities fraud cases are actually recovering money in settlements has fallen to the lowest since laws governing class-action litigation were overhauled in the mid-1990s.
Just 31 settlements yielded monetary compensation to investors between January and June, projecting to 62 for the full year, according to a study released Tuesday by NERA Economic Consulting.
That would be down from 87 monetary settlements in 2011, itself the fewest since adoption of the Private Securities Litigation Reform Act of 1995.
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