April 26, 2021. The Court approved a $62.5 million settlement to end a securities class action lawsuit that was brought against SQM in the U.S. District Court for the Southern District of New York. Plaintiffs alleged, among other things, that SQM issued materially false and misleading statements regarding the Company’s failure to disclose that money from SQM was channeled illegally to electoral campaigns for Chilean politicians and political parties. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert testimony and reports on loss causation and damages. Crowninshield Financial Research also consulted on the plan of allocation.
Additional information is available at Robbins Geller Rudman & Dowd.
