August 20, 2021. The Court approved a $30 million settlement to end a securities class action lawsuit that was brought against WageWorks in the U.S. District Court for the Northern District of California. Plaintiffs alleged that WageWorks improperly recognized revenue and falsely attested to the effectiveness of its internal controls over financial reporting. Crowninshield Financial Research was retained by plaintiffs to consult on the computation of damages and the plan of allocation.
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