In the News

Largest Securities-Related Class Action Settlements of 2023

ISS Securities Class Action Services

February 15, 2024

2023 delivered a banner year for investor recoveries, as the $7.9 billion in settlement funds across the globe was the highest total in the last five years. The $5.8 billion specifically secured in securities-related class actions in the U.S. was also up 18% from 2022.

In this ISS Insights post, ISS Securities Class Action Services, an industry pioneer and expert in global claims filing, portfolio monitoring, and research solutions, will highlight the largest settlements achieved during the year 2023. A substantive year in review will be documented in ISS SCAS’ forthcoming “Top 100 U.S. Class Action Settlements of All-Time” report, to be published in January 2024. In fact, four settlements in the calendar year were large enough to be featured within SCAS’ forthcoming Top 100 Report, including the $1 billion fiduciary duty-related settlement on behalf of Dell shareholders. The high-profile securities class actions resolved in 2023 include two against Wells Fargo for an aggregate value of $1.3 billion, as well as a $450 million settlement with Kraft Heinz. The mega settlements continue to drive up investor recoveries, as the top 10 largest securities settlements this year comprised $2.6 billion.

Read Largest Securities-Related Class Action Settlements of 2023.