A 14-year low in the number of securities-class-action settlements last year has not dampened plaintiff attorneys' enthusiasm regarding the probability of future directors and officers litigation to keep them employed.

"Everyone feels there is a lull, but Wall Street never fails to surprise me," says Lawrence Sucharow, attorney for the law firm Labaton Sucharow LLP. "Unless greed is gone, I know where my next meal is coming from."

The lull Sucharow referred to was outlined in a report from Cornerstone Research that says there were 53-court approved settlements in 2012, an 18 percent decline compared to 2011, and a decline of more than 45 percent from the 10-year average from 2002 through 2011.

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