Archive for the ‘News’ Category

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.

Aeterna Zentaris, Inc. Securities Litigation

March 19, 2018  |   News   |     |   0 Comment

On February 28, 2018 the Honorable Peter Sheridan of the United States District Court for the District of New Jersey certified a class of investors who purchased or otherwise acquired Aeterna common stock from August 30, 2011 through November 6, 2014. Dr. Adam Werner of Cal Poly San Luis Obispo and Crowninshield Financial Research provided expert reports about market efficiency and whether damages can be computed for the Class. Additional information is available here.

LeapFrog Enterprises Inc. Securities Litigation

March 05, 2018  |   News   |     |   0 Comment

On February 26, 2018, parties in the LeapFrog Enterprises Inc. securities litigation reached an agreement to settle the case.  Plaintiffs alleged that LeapFrog misled investors about its earnings expectations and other financial matters. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided an expert report on market efficiency and whether damages can be computed for the Class. Additional information is available here.

Insulet Corp. Securities Litigation

February 26, 2018  |   News   |     |   0 Comment

On February 9, 2018, parties in the Insulet Corp. securities litigation reached an agreement to settle the case.  Plaintiffs alleged that Insulet misled investors about the success of a new insulin infusion pump system it launched in 2013 and manipulated a critical performance metric to mask declining new patient growth. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided an expert report on market efficiency and whether damages can be computed for the Class. Additional information is ...

Marvell Technology Group, Ltd. Securities Litigation

November 14, 2017  |   News   |     |   0 Comment

On October 27, 2017 the Honorable William Alsup of the United States District Court for the Northern District of California certified a class of investors who purchased or otherwise acquired Marvell Techonology Group, Ltd. common stock from February 19, 2015 through December 7, 2015. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided an expert report about market efficiency. Additional information is available here.

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.