Institutional Shareholder Services’ Securities Class Action Services (ISS SCAS) has published its The Top 100 U.S. Class Action Settlements of All-Time (as of December 31, 2022), which, as reported by ISS SCAS, is an annual report that identifies the largest U.S. securities class action settlements filed after the passage of the Private Securities Litigation Reform Act of 1995. The cases reported are ranked by the total value of the settlement fund. According to the report, ISS SCAS verified 141 approved monetary class action settlements in the United States in 2022, with a combined total value of $4.77 billion. This was the largest dollar value of settlements since 2018 and the highest number of settlements since 2017.
For the sixth consecutive year, Berman Tabacco was listed among the firms with the most settlements on the Top 100 list, with five settlements totaling $1,975,900,000.