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Thursday, August 5, 2004

Introducing the "Settlement Pipeline"

Yesterday, ISS's Securities Class Action Services announced its new "Settlement Pipeline," which calculates the total dollar amount in securities class action settlements that is now, or will soon be, available for investors to file claims on to recover investment losses. The Settlement Pipeline, initially announced at $5.55 billion, has already grown to $5.96 billion with the recent announcement of settlements in cases such as Bristol-Myers Squibb ($300 million) and FirstEnergy ($89.9 million).

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