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Yes, but . . . . Part 1: Securities Class Action Lawsuit Settlements
Yes, we are continuing to see large settlements, with a notable 39% of settlements exceeding $20 million in the first half of 2025. That is, of course, bad news.
But . . . the good news is that we are not seeing the abundance of eye-popping settlements that we saw in 2024. In the first half of 2024, we saw 40 settlements totaling $2.1 billion. Settlements in the first half of 2025 compare favorably, with almost the same number of settlements but at just over half of the total amount paid: 41 settlements totaling $1.1 billion.
Settlements
1H2024
1H2025
Increase
Dismissals
1H2024
1H2025
Increase
Moreover, while it’s not a big decrease, the rate of securities class action filings is trending down. Even better, in the first half of 2025, we’ve seen a significant increase in the rate of dismissals compared to the same period in 2024.
Our D&O Databox™ Mid-Year Report provides more details about the rate of securities class action lawsuit filings, including by industry and market capitalization.
Settlement Dollars Paid Out (2015–2025)
CA Filing by Industry (1H 2025)