March 31, 2025. The Court in the VMware, Inc. securities matter (Northern District of California) approved a class action settlement in the amount of $102.5 million. Plaintiff alleged that VMware had made materially false and misleading statements about an artificial sales backlog to hide slowing sales. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert testimony and reports on market efficiency, loss causation, and damages, and Crowninshield Financial Research consulted on the plan of allocation.
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