September 9, 2021. The Court approved a $4.175 million settlement and plan of allocation to resolve all claims in the Restoration Robotics securities class action lawsuit (Northern District of California San Jose Division). Plaintiff alleged that Restoration Robotics made materially false and misleading statements in the registration statement and prospectus for the company’s initial public offering. Vice President of Crowninshield Financial Research Daniel S. Bettencourt, MBA provided expert analysis on the economic materiality of the information allegedly misrepresented by Restoration Robotics. In addition, Crowninshield Financial Research consulted on the plan of allocation.
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