POST-REFORM ACT SETTLEMENTS OF SECURITIES LAWSUITS, 1996-2009 (1)
  1996-2008 2009
Minimum $0.1 million $0.4 million
Median 7.4 million 8.0 million
Average 55.4 million 37.2 million
Maximum 7.7 billion 925.5 million
Total settlements $56.7 billion $3.8 billion

(1) Private Securities Litigation Reform Act of 1995; adjusted for inflation.

Source: Cornerstone Research.