The Top 100 U.S. Class Action Settlements of All Time as of December 2022
JANUARY 24, 2023
Looking back at the full year of 2022, ISS Securities Class Action Services (“ISS SCAS”) verified 141 approved monetary class action settlements in the United States. These cases amounted to $4.77 billion of settlement funds available for distribution to eligible class members.
Despite the continued decline in newly filed securities-related cases for the third year in a row, the number of settlements and their total dollar value increased significantly from the prior year. The quantity of class action settlements in 2022 increased by 21.5 percent from 116 in 2021, and the settlement funds approved increased by 35.7 percent from $3.51 billion in 2021. In addition, the timing of settlements in 2022 grew in quantity over each quarter, from a low of 31 settlements in Q1 to a high of 41 settlements in Q4 (Q2 and Q3 had 34 and 35 settlements, respectively).
For the second year in a row, two of the settlements in the calendar year delivered significant settlement amounts to be included within this Top 100 publication of the largest U.S. settlements of all-time. These two class action resolutions include:
- Twitter, Inc. – $809.5 Million
- Teva Pharmaceutical Industries Ltd. – $420 Million