The number of accounting class-action settlements increased for the second straight year in 2013, but remained relatively low compared to the previous decade, according to a new study.
The report, from Cornerstone Research, found that in 2013, a total of 44 accounting class actions—cases involving alleged violations of generally accepted accounting principles and weaknesses in internal control over financial reporting—were settled, with an average settlement amount of $26.6 million.
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