Class Actions Blog

Posts Tagged ‘Rentrak Corp.’

ComScore settles investor class action for $110 million

Posted on: January 22nd, 2018 by Steve Larson

Investors in a class action against media analytics company comScore Inc. asked a New York federal judge on January 12th to approve a $110 million settlement. The class action alleged intentional miscalculations the company’s accounting department made that caused artificial stock value inflation and led to heavy losses. Under the settlement if approved, comScore will pay the class $27 million in cash, as well as stocks valued at $82.7 million. There are potentially thousands of shareholders who saw their share prices fall more than 33 percent after the company announced it needed to recalculate three years of incorrect financial statements.

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Former Rentrak investors settle class action in Oregon state court for $19 million

Posted on: June 13th, 2017 by Steve Larson

Former shareholders of Rentrak Corp. sued the company and its directors in Oregon state court over a now-completed merger with comScore Inc.  The investors had accused Rentrak’s board and two top executives of accepting a low-ball offer from the web traffic analysis firm comScore in order to preserve their own jobs, failing to disclose a better bid to shareholders and caving to pressure from a major shareholder to seal the deal. Rentrak was in the audience measurement business.

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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