Class Actions Blog

Posts Tagged ‘securities class action’

LJM Preservation and Growth Fund sued in class action

Posted on: February 15th, 2018 by Steve Larson

LJM Preservation and Growth Fund lost 80 percent of its value betting the wrong way on market turmoil in the first week of February. Now, it has been named in a proposed securities class action alleging the company and its executives lied to investors about its strategy. The suit seeks to represent a class of investors who held shares in the LJM Preservation and Growth Fund between February 28, 2015, and February 7, 2018.

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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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Brazilian oil corporation, Petrobas, agrees to $3 billion securities fraud settlement

Posted on: January 17th, 2018 by Steve Larson

Shareholders of Brazilian oil giant, Petrobas, have obtained a nearly $3 billion settlement of a class action alleging that the energy company concealed kickbacks that top officials and their political patrons received in exchange for directing Petrobras to buy and build production facilities at inflated prices. After the scandal emerged as part of a sweeping corruption investigation in Brazil, the price of Petrobras’ American depositary receipts plunged.

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Hewlett Packard settles securities class action

Posted on: June 11th, 2015 by Steve Larson

HPHewlett Packard has agreed to pay $100 million to end a proposed securities class action over its $11 billion acquisition of British software company, Autonomy Corp.  The proposed settlement with the shareholders comes after the federal judge for the Northern District of California, Judge Breyer, gave preliminary approval in March to a separate deal that promises corporate governance reforms to settle HP shareholders’ derivative claims over the Autonomy acquisition. Read more…

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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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