Washington (May 11, 2004) — Reversing a multi-year trend, the overall number of class-action settlements declined in 2003, as did the total value of those settlements, according to a recent study conducted by Cornerstone Research.
In 2003, some 96 class-action suits were settled, compared to 112 in 2002, while settlement amounts fell from $2.5 billion in 2002 to $2 billion in 2003.
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