VMwareVMware, Inc. Securities Litigation

October 11, 2024. Parties in the VMware, Inc. securities matter (Northern District of California) agreed to settle for $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 […]

Acadia Securities Litigation

March 11, 2024. The Court in the Acadia Pharmaceuticals securities matter (Southern District of California) certified a class of common stock investors. Plaintiffs allege that Acadia misled the market about the prospects of FDA approval for the company’s dementia-related psychosis treatment pimavanserin. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert reports […]

Johnson & Johnson Securities Litigation 

December 29, 2023. The Court in Johnson & Johnson Securities Litigation (District of New Jersey) certified a class of common stock investors. Plaintiff alleges that Defendants artificially inflated the price of Johnson & Johnson’s common stock by making false and misleading statements to conceal from investors that the Company’s talc products were contaminated with asbestos. […]

Grupo Televisa Securities Litigation 

April 20, 2023. The Parties agreed to and the Court approved a $95 million settlement in a class action lawsuit filed against Grupo Televisa. Plaintiffs alleged that Grupo Televisa paid bribes to Fédération Internationale de Football Association (“FIFA”) executives for World Cup broadcast rights. According to Plaintiffs, the concealed scheme artificially inflated the market price […]

Synchrony Financial Securities Litigation

April 12, 2023. The Parties agreed to and the Court approved a $34 million settlement in a class action securities case involving Synchrony Financial. Plaintiffs alleged that Synchrony misrepresented the quality of its loan portfolio and underwriting practices. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and testimony on market […]

Cardinal Health Securities Litigation 

April 4, 2023. The Parties agreed to and the Court approved a $109 million settlement in a class action securities litigation brought against Cardinal Health. Plaintiffs alleged that Cardinal failed to disclose inventory and supply chain issues at Cordis Corp., an operating unit the company acquired. Professor Steven Feinstein of Babson College and Crowninshield Financial […]

Splunk Securities Litigation 

February 27, 2023. The parties in the Splunk Inc. Securities Litigation (Northern District of California) agreed to a $30 million class action settlement. Plaintiffs alleged that Splunk had falsely claimed that the company was on track to produce $1 billion in operating cash flow by 2023. Poor quarterly financial results that allegedly revealed previously concealed […]

Inovio Pharmaceuticals Securities Litigation 

January 18, 2023. The Parties agreed to and the Court approved a $44 million settlement in a class action lawsuit filed against Inovio Pharmaceuticals. Plaintiffs alleged that the Company made misleading statements about its ability to quickly produce an effective Covid-19 vaccine. According to Plaintiffs, the misrepresentation inflated the Company’s stock price and caused investor […]

AmTrust Financial Services Securities Litigation

November 16, 2022. The Parties agreed to and the Court approved a $13 million settlement in a class action securities lawsuit involving AmTrust Financial Services. Plaintiffs alleged that the company mislead investors by telling them the that the Company’s preferred shares would continue to be listed on the New York Stock Exchange after a planned […]

BlackBerry Limited Securities Litigation

January 26, 2021. The Court in Pearlstein v. Blackberry Limited et al. (Southern District of New York) certified a class of common stock investors. Plaintiffs allege that Defendants misled investors regarding Blackberry’s new Blackberry 10 smartphone device – the market demand, reception, and profitability prospects of the device. To date, Professor Steven Feinstein of Babson College and […]