New York (Aug. 25, 2003) -- While the rate of securities litigation filings is down, the total value of those settlements hit $1.5 billion in the first seven months of the year and continues to rise, according to an analysis by PricewaterhouseCoopers.

PwC identified 60 settlements in the first seven months of 2003 with an average settlement value of $25.1 million. That compares to 107 settlements in 2002 with a total value of over $2.1 billion. The average settlement value of $19.9 million per case in 2002 was up 12 percent over the average settlement value in 2001, and up by 40 percent over the average settlement value for the years 1996 through 2000, PwC reported.

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