POST-REFORM ACT SETTLEMENTS OF SECURITIES LAWSUITS, 1996-2011 (1)
  1996-2010 2011
Minimum $0.1 million $0.6 million
Median 8.1 million 5.8 million
Average 55.2 million 21.0 million
Maximum 8.1 billion 208.5 million
Total settlements $66.7 billion $1.4 billion

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

Source: Cornerstone Research.