2026 Global Class Action Annual Report

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The global class actions market: Increasingly complex and interconnected

In 2025, global class action activity produced 130 claim‑filing deadlines and approximately $4 billion in settlements across multiple jurisdictions, maintaining elevated recovery levels while complexity increased. Learn how cross‑border litigation, opt‑in mechanisms, and evolving regulations are redefining participation and recovery outcomes for investors.

Our methodology

Using the Broadridge Asset Recovery AdvocateTM database, we identified 130 global cases involving securities and/or financial products with claim-filing deadlines in 2025. Drawing on Broadridge’s class action and financial services specialists, this report summarizes the most complex cases of 2025 and highlights several additional “honorable mentions.” Each case profile includes key facts, procedural background, and the administrative factors that led to its inclusion.

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Emerging trends: AI, ESG, and Opt-in jurisdictions

The continued rise of AI‑related securities litigation, ESG‑driven shareholder actions, and opt‑in collective actions underscored key structural shifts in 2025. These trends are reshaping disclosure expectations, regulatory scrutiny, and investor engagement across global markets.

The complexity challenge

Complex settlements demand precision. From multi‑jurisdiction filings and opt‑in requirements to complicated loss formulas and evolving settlement structures, the 2026 Global Class Action Annual Report breaks down the administrative and operational challenges that shape investor recovery outcomes.

Australia's soft class closures: Early action is no longer optional

In 2025, Australian courts increasingly adopted soft class closures, requiring investors to register before mediation to preserve recovery rights. With registration deadlines rising well above historical norms, early monitoring and proactive engagement have become critical to avoiding exclusion and maximizing recovery.

Timing is the new risk

As settlement timelines lengthen and registration deadlines move earlier in the litigation lifecycle, awareness remains essential, but timing is key to preventing missed opportunities. From opt‑in actions to Australian soft class closures and SEC Fair Funds, knowing early and acting early is what turns awareness into recovery.

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By the numbers: A scorecard snapshot

$4B
total settlement value tied to 2025 filing deadlines. Sustained recovery levels despite moderating case volume
$1.2B
technology sector settlements in 2025. More than the financial and healthcare industries combined.
+149%
higher average settlements when classes are certified. Early procedural outcomes materially influence recovery size

Download our 2026 Global Class Actions Annual Report

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