Vocera Communications Inc. Securities Litigation

On 4 March 2016, parties in the Vocera Communications Inc. securities litigation reached an agreement to settle the case.  Plaintiffs alleged that Vocera made misstatements and omissions in connection with the effects of healthcare reform on its business.  Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports and deposition testimony about market efficiency. Additional information is available here.

Groupon Securities Litigation

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

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.  

JPMorgan Chase & Co. Securities Litigation

On 21 December 2015, parties in the JPMorgan Chase & Co. securities litigation reached an agreement to settle the case for $150 million.  Plaintiffs alleged that JPMorgan Chase & Co. made misstatements regarding its Chief Investment Office being involved in speculative trading. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports about market efficiency. Additional information is available here.

General Motors Securities Litigation

On 13 November 2015, parties in the General Motors securities litigation reached an agreement to settle the case for $300 million.  Plaintiffs alleged that General Motors made misstatements regarding its recall-related liabilities. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided analyses about damages. Additional information is available here.