Archive for February, 2016

Groupon Securities Litigation

February 29, 2016  |   News   |     |   0 Comment

On February 12, 2016, parties in the Groupon, Inc. securities litigation reached an agreement to settle the case.  Plaintiffs alleged that Groupon, Inc. made misrepresentations and omissions regarding its accounting practices and internal controls. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports about market efficiency and loss causation and damages. Additional information is available here.

Petrobras Securities Litigation

February 29, 2016  |   News   |     |   0 Comment

On February 1, 2016 the Honorable Jed S. Rakoff of the United States District Court for the Southern District of New York certified a class of investors who purchased or otherwise acquired Petroleo Basileiro (“Petrobras”) securities between January 22, 2010 and July 28, 2015. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports about market efficiency. Additional information is available here.