This is a U.S. news story, published by 11thestate, that relates primarily to Volkswagen news.
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settlement money11thestate
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63% Informative
In 2023 , global settlements from securities class actions hit a record $8.1 billion , with $7.9 billion coming from the U.S. On average, 75% of investors still fail to collect their fair share of these settlements.
Volkswagen investors received over 190% of their losses from the settlement related to the " Dieselgate " scandal.
In other major settlements, like the $800 million settlement with Twitter and the Blackberry case, payouts also exceeded 100% of the initial losses.
Many investors miss out because they don’t realize they can usually still file even after the deadline.
Yelp's settlement, where the company was accused of misleading investors about its advertising success, was relatively low at 39% .
However, there was a noticeable drop in recovery for investors, with only 40% of losses being recovered, despite a low number of claims filed.
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