On April 6, 2009, I wrote here that eight-plus years after it began, the IPO Securities Litigation appeared to finally be coming to an end. On that date, the parties announced that they had reached a $586 million settlement of lawsuits that alleged that numerous defendants rigged IPOs in the late 1990s. In October 2009, the court overseeing the case provided final approval to the settlement, including $170 million in attorneys’ fees.
