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 […]
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 […]