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 […]
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 […]
Eletrobras Securities Litigation
December 12,2018. The Court in the Eletrobras securities matter (Southern District of New York) approved a class action settlement in the amount of 14.75 million. Plaintiffs alleged that Eletrobras had been involved in bribery and corruption scheme that reached the highest levels of the company Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert […]
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 […]