Understanding the rapid rise in excessive fee claims
dismissal of roughly half of all cases in federal, securities-related class action lawsuits. Given the surge in frequency and severity of these claims, the financial fallout continues to pile up. (See Figure 1 above.) All told, settlements totaling more than $1 billion, including $330 million in legal fees, were paid between 2015 and 2020.4 And with dozens of cases still in litigation at the ... ................
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