Jeld-Wen Securities Litigation

November 22, 2021. The Court in the Jeld-Wen securities matter (Eastern District of Virginia) approved a $40 million class action settlement and plan of allocation. Plaintiffs alleged that Jeld-Wen failed to disclose its intentional anticompetitive conduct that violated federal antitrust law. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and testimony on […]

Sociedad Química y Minera Securities Litigation

April 26, 2021. The Court approved a $62.5 million settlement to end a securities class action lawsuit that was brought against SQM in the U.S. District Court for the Southern District of New York. Plaintiffs alleged, among other things, that SQM issued materially false and misleading statements regarding the Company’s failure to disclose that money […]

The Southern Company Securities Litigation

February 5, 2021. The Court in The Southern Company securities matter (Northern District of Georgia Atlanta Division) approved an $87.5 million settlement for the benefit of the Class of Southern common stock investors. Plaintiffs alleged that Southern misled investors regarding the construction timeline of a “clean coal” power plant. Professor Steven Feinstein of Babson College […]

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 […]

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 […]