May 25, 2017
Motley Rice ranks in top 3% of Securities Class Action Services 2016 Top 50 Report
The Institutional Shareholder Services (ISS) has released its 2016 Securities Class Action Services (SCAS) Top 50 Report for 2016.
For being lead or co-lead in securities class action settlements, Motley Rice ranked 13 out of 50 related to “settlement total,” the total cash amount made available to investors for recovery in all settlements occurring in 2016, in which the law firm served as lead or co-lead counsel, and where a settlement fund resulted.
Motley Rice securities settlements in 2016 included:
- In re Barrick Gold Securities Litigation: $140 million recovered
- Forsta AP-Fonden et al v. St. Jude Medical Inc et al: $39.25 million
The SCAS Top 50 reflects all final settlements that resulted in a cash settlement on behalf of shareholders, and is based on historical settlement data from the Institutional Shareholder Services’ database, which tracks federal, state and international shareholder class and group actions, among other information. Read the methodology.
*Prior results do not guarantee a similar outcome.