Apple Securities Litigation

March 15, 2024. Parties in the Apple securities matter (Northern District of California) agreed to settle for $490 million. Plaintiff alleged that Apple had made materially false and misleading statements about demand for the company’s iPhone XS, XS Max, and XR, and the strength of its business conditions in China. Professor Steven Feinstein of Babson College and […]

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 […]

Restoration Robotics Securities Litigation

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 […]

SunEdison, Inc. Securities Litigation

June 11, 2019. Parties in the SunEdison Securities matter (Eastern District of Missouri) reached an agreement to settle the case for $74 million. Plaintiffs had alleged that SunEdison, Inc. made material misrepresentations and omissions regarding the Company’s liquidity and debt burden as it undertook aggressive expansion and acquisitions. Professor Steven Feinstein of Babson College and […]

RH Securities Litigation

October 11, 2018. The Court in the RH Inc., Securities matter certified a class of common stock investors. Plaintiffs had alleged that the RH Inc. (f/k/a Restoration Hardware, Inc.) made material misrepresentations that the Company had sufficient inventory levels for its RH Modern product launch. Professor Steven Feinstein of Babson College and Crowninshield Financial Research […]

American Realty Capital Properties Inc. Securities Litigation

September 10, 2019. Parties in the American Realty Capital Properties securities litigation (Southern District of New York) reached an agreement to settle the case for $1.02 billion. American Realty Capital Properties currently known as Vereit. Plaintiffs had alleged that American Realty Capital Properties, Inc. engaged in fraudulent accounting over several years and made materially false […]

Banc of California, Inc. Securities Litigation

October 31, 2019. Parties in the Banc of California securities matter (Central District of California) reached an agreement to settle the case for $19.75 million. Plaintiffs had alleged material misrepresentations and omissions regarding business relationships between the Company, its executives, and a convicted securities fraudster. Professor Steven Feinstein of Babson College and Crowninshield Financial Research […]