SunEdison, Inc. Securities Litigation

June 11, 2019. Parties in the SunEdison Securities matter (Eastern District of Missouri) reached an agreement to settle the case for $74 million. Plaintiffs had alleged that SunEdison, Inc. made material misrepresentations and omissions regarding the Company’s liquidity and debt burden as it undertook aggressive expansion and acquisitions. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and deposition testimony on market efficiency, loss causation, and damages and ...

RH Securities Litigation

October 11, 2018. The Court in the RH Inc., Securities matter certified a class of common stock investors. Plaintiffs had alleged that the RH Inc. (f/k/a Restoration Hardware, Inc.) made material misrepresentations that the Company had sufficient inventory levels for its RH Modern product launch. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided analysis and deposition testimony on market efficiency and responded to defendants’ arguments regarding the feasibility of ...

American Realty Capital Properties Inc. Securities Litigation

September 10, 2019. Parties in the American Realty Capital Properties securities litigation (Southern District of New York) reached an agreement to settle the case for $1.02 billion. American Realty Capital Properties currently known as Vereit. Plaintiffs had alleged that American Realty Capital Properties, Inc. engaged in fraudulent accounting over several years and made materially false and misleading statements. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and several ...

Banc of California, Inc. Securities Litigation

October 31, 2019. Parties in the Banc of California securities matter (Central District of California) reached an agreement to settle the case for $19.75 million. Plaintiffs had alleged material misrepresentations and omissions regarding business relationships between the Company, its executives, and a convicted securities fraudster. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis on loss causation and damages and responded to defendants’ argument that the stock was manipulated ...

The Southern Company Securities Litigation

On August 22, 2019, the Court in The Southern Company Securities matter (Northern District of Georgia Atlanta Division) certified a class of common stock investors. Plaintiffs allege that The Southern Company misled investors regarding the construction timeline of a “clean coal” power plant. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and testimony establishing that Southern Company stock traded in an efficient market.