ATLANTA, April 23, 2003 (PRIMEZONE) -- The Securities Class Action - Plaintiffs' Counsel Performance Quarterly provides critical insight into the activities and performance of plaintiffs' firms engaged in securities class action litigation. Based on Verteris' proprietary database of federal securities class action litigation, the 100+ page report provides rankings, data and insight in six areas:
- Trends & Metrics -- summarizes the number of cases filed, unique actions filed, settlements, settlement value and lead plaintiff appointments for the quarter.
- Litigation Activity -- data and rankings based on the number and types of cases filed.
- Litigation Effectiveness -- information and rankings based on lead counsel appointments and settlements for the quarter.
- Shareholder Value -- metrics and rankings based on the assets recovered for shareholders.
- Top 50 Plaintiffs' Counsel Profiles -- one page profiles for each of the Top 50 Plaintiffs' Firms.
- Settlement Summaries -- one page summaries for each of the preliminary and final settlements approved in Q1, 2003.
The quarterly report provides institutional shareholders with objective data, performance metrics and rankings to consider in the process of selecting and monitoring outside counsel. The report also provides law firms, insurance companies, corporations and other parties impacted by securities litigation with timely information to better understand the actual activities and performance of the plaintiffs bar.
The Q1, 2003 report provides information on the 350+ total cases filed, 61 unique actions filed, 76 lead plaintiff appointments as well as the 18 preliminary settlements and 14 final settlements approved during the first quarter.
Copies of the report may be purchased on Verteris' web site at www.securitiesclassactiondirectory.com/report. The report is published electronically as an Adobe Acrobat PDF file. Subscribers will also receive an update to the Q1 report that will be published in June 2003. Subscribers purchasing an annual subscription receive a free, six-month subscription to the Verteris Securities Class Action Directory - a proprietary database that tracks all federal securities class action litigation from filing through resolution. The Directory includes a comprehensive settlement database that provides notices, claims forms and data for each settlement.
About Verteris Corporation
Verteris provides communication solutions, asset recovery service and advisory services for law firms, institutional investors and other parties involved in securities class action litigation and other types of complex litigation. The company's products and services include Verteris Securities Class Action Directory, the Securities Class Action: Plaintiffs' Counsel Performance Quarterly, Confero for Complex Litigation and the Verteris Asset Recovery Service Bureau. To learn more about the company, please visit www.verteris.com.