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 LitigationSplunk 

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 […]

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 […]