New York (Aug. 9, 2004) -- The number of securities litigation cases with accounting allegations so far this year is well above historical averages, and mega-settlements are driving average settlement values higher than ever, according to a study by PricewaterhouseCoopers.

Accounting-related cases comprised more than 60 percent of the 175 cases filed in 2003 and 57 percent of the 111 cases filed during the first seven months of 2004, according to PricewaterhouseCoopers' 2003 Securities Litigation Study and a preliminary analysis of 2004.

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