First the good news - there aren't a whole lot of options backdating cases left.

Now the bad news - we have to update the numbers again, with the settlement earlier this week of the options backdating litigation involving  Maxim Integrated Products, Inc. (NASDAQ: MXIM)  for $173 million.

Thus, of the 39 options backdating cases that were filed as securities class actions, 36 have now reached a resolution. Of the resolved cases, 8 of those cases have been dismissed and 28 have substantially or completely settled.

The twenty eight settlements total $2.32 billion, for an average of $79.7 million.  Removing the largest settlement (UnitedHealth Group) lowers the average back to $51.88 million.  And due to a reader comment, we have a new metric - the median settlement value is $16 million including the UnitedHealth case, or $14 million if that case is excluded.  Removing the outlier on the other end (the $2 million PainCare Holdings settlement) returns the median back to $16 million.

Co-lead counsel in the Maxim case are Bernstein Litowitz Berger & Grossmann and Chitwood Harley Harnes.

As always, our complete analysis can be accessed in this presentation.