Limiting Rule 10b-5 Damages Claims

December 1, 2014

A new report issued by Cornerstone Research and Goodwin Procter LLP offers insights into how damages claims are implemented in securities class actions once a settlement or verdict is reached. The report, Limiting Rule 10b-5 Damages Claims, describes the different approaches used to adjust damages and their respective results. “These findings will be of interest to counsel, members of the judiciary, and firms involved in securities class actions,” said Cornerstone Research Senior Vice President Katie Galley, one of the report’s authors. “Adjustments made during the settlement administration process can be quite large and are often underestimated or overlooked.”