Archive for the ‘News’ Category

Silver Wheaton Corp. Securities Litigation

May 15, 2017  |   News   |     |   0 Comment

On May 13, 2017 the Honorable Christina A. Synder of the United States District Court for the Central District of California certified a class of investors who purchased or otherwise acquired Silver Wheaton Corp. common stock from March 30, 2011 through July 6, 2015. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided an expert report about market efficiency. In particular, the Court noted "Damages for every class member can be mechanically calculated according to Feinstein’s proposed methodology and are ...

STAAR Surgical Company Securities Litigation

January 06, 2017  |   News   |     |   0 Comment

On January 5, 2017 the Honorable Michael W. Fitzgerald of the United States District Court for the Central District of California certified a class of investors who purchased or otherwise acquired STAAR Surgical Company common stock between November 1, 2013 and June 30, 2014. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided an expert report about market efficiency. Additional information is available here.

Urban Outfitters, Inc. Securities Litigation

June 10, 2016  |   News   |     |   0 Comment

On June 8, 2016, parties in the Urban Outfitters, Inc. securities litigation reached an agreement to settle the case.  Plaintiffs alleged that Urban Outfitters, Inc. made misstatements regarding its sales trends. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports about market efficiency. Additional information is available here.

Intercept Pharmaceuticals Inc. Securities Litigation

May 12, 2016  |   News   |     |   0 Comment

On 6 May 2016, parties in the Intercept Pharmaceuticals Inc. securities litigation reached an agreement to settle the case.  Plaintiffs alleged that Intercept made misstatements and omissions in connection with the negative effects of its lead drug, obeticholic acid.  Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports and deposition testimony about market efficiency. Additional information is available here.

Vocera Communications Inc. Securities Litigation

May 12, 2016  |   News   |     |   0 Comment

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

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.  

JPMorgan Chase & Co. Securities Litigation

January 14, 2016  |   News   |     |   0 Comment

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

January 14, 2016  |   News   |     |   0 Comment

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.

CVS Caremark Corporation Securities Litigation

January 14, 2016  |   News   |     |   0 Comment

On 9 November 2015, parties in the CVS Caremark Corporation securities litigation (Medoff, Individually and On Behalf of All Others Similarly Situated,  v. CVS Caremark Corporation, et al.) reached an agreement to settle the case.  Plaintiffs alleged that CVS made misstatements in connection with its prescription benefits manager business.  Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports and deposition testimony about market efficiency, loss causation, and the quantification of shareholder damages. Additional information ...