May 6, 2025. Parties in the Alta Mesa securities matter (Southern District of New York) agreed to settle for $126.3 million.
Alta Mesa, formerly known as Silver Run II, was a SPAC (Special Purpose Acquisition Company) that had allegedly made materially false and misleading statements in order to effect the de-SPAC transaction.
Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert testimony and a report on loss causation and damages. Crowninshield Financial Research consulted on the plan of allocation.
Read more about the case at SCAC.
