Archive for July, 2018

Twitter, Inc. Securities Litigation

July 24, 2018  |   News   |     |   0 Comment

On July 17, 2018 the Honorable Jon S. Tigar of the United States District Court for the Northern District of California certified a class of investors who purchased or otherwise acquired Twitter, Inc. common stock from February 6, 2015 through July 28, 2015. Plaintiffs allege that Twitter, Inc. concealed declining user engagement and user growth. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports on market efficiency and whether damages can be computed for the Class.

Emergent Biosolutions, Inc. Securities Litigation

July 24, 2018  |   News   |     |   0 Comment

On June 8, 2018 the Honorable Roger W. Titus of the United States District Court for the District of Maryland certified a class of investors who purchased or otherwise acquired Emergent Biosolutions, Inc. common stock from May 5, 2016 through June 1, 2016. Daniel S. Bettencourt, Vice President of Crowninshield Financial Research, provided expert report about market efficiency and whether damages can be computed for the Class. In particular, the Court noted "Bettencourt comes forth with sufficient evidence to show that both the ...

Eletrobras Securities Litigation

July 24, 2018  |   News   |     |   0 Comment

On May 1, 2018, parties in the Eletrobras securities litigation reached an agreement to settle the case.  Plaintiffs alleged that Eletrobras suffered large losses related to the Brazilian corruption scandal. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports on market efficiency and whether damages can be computed for the Class. Additional information is available here.