Class Actions -- Plaintiff Law
Do class actions produce substantial recoveries?
While the result obtained ultimately depends on the strength of the case, it is a myth that class actions do not produce substantial returns for claimants. For instance, settlements in In re American Continental/Lincoln Savings & Loan Securities Litigation yielded approximately $250 million, over eighty percent of total damages of $288 million. More recently, Waste Management, Inc. shareholders recovered $220 million, while Informix shareholders won a settlement in excess of $100 million. Strong cases can and do yield strong recoveries.