Investors recovered more than US$4B globally in securities, antitrust class action settlements

“Class action participation is no longer passive — it’s operational,” said Christi Cannon, Vice President and General Manager of Global Class Actions at Broadridge. “Cases move faster, span more jurisdictions, and demand greater precision. Differences in legal systems, filing requirements, and settlement mechanics leave little room for error. Without the right infrastructure, investors risk missing recoveries altogether.”

Among the most notable developments is the emergence of AI-related securities litigation. Broadridge recorded a growing number of claims alleging misleading disclosures tied to artificial intelligence capabilities, earnings expectations or risk controls.

Twelve new cases were filed in 2025 alone, part of more than 50 AI-linked filings over the past five years. Allegations frequently center on so-called “AI washing,” where companies allegedly exaggerate technological sophistication or commercial readiness.

Regulators are increasingly focused on disclosure clarity, with advisory bodies urging standardized definitions and explanations of how AI materially affects business operations — pressure that could raise compliance expectations for issuers and, indirectly, portfolio managers.

The report also highlights accelerating adoption of opt-in and collective redress mechanisms, particularly across Europe and other international jurisdictions.