Securities Class Action in History

The size of a securities class action as in the amount of damages sought will probably see a new record given the recent developments on FTX.

Some examples of large securities class action lawsuits that have been filed in the past include:

1. In re Enron Corp. Securities, Derivative, and “ERISA” Litigation: This class action, which was filed in 2001, involved claims by investors who had lost money due to the collapse of the energy company Enron. The lawsuit resulted in a settlement of more than $7 billion.
2. In re WorldCom, Inc. Securities Litigation: This class action, which was filed in 2002, involved claims by investors who had lost money due to the collapse of the telecommunications company WorldCom. The lawsuit resulted in a settlement of more than $2.25 billion.
3. In re Lehman Brothers Securities and ERISA Litigation: This class action, which was filed in 2008, involved claims by investors who had lost money due to the collapse of the investment bank Lehman Brothers. The lawsuit resulted in a settlement of more than $2 billion.

Our economists have a deep understanding of debt, equity, derivatives, and commodities markets. They can analyze price movements, determine market capitalization and structure, and calculate economic damages. They can also assist in communicating complex financial, legal, and economic concepts to juries, judges, and lay audiences.