Volkswagen has agreed to settle a class action brought by investors arising out of its diesel emissions-cheating scandal. The complaint alleged that it knowingly issued false financial statements about its exposure and liabilities.
Lawyers for a certified class of investors in Juno Therapeutics have announced a $24 million settlement to resolve claims that the biopharmaceutical company’s failure to disclose the death of one of its immunotherapy patients led to a 30 percent drop in its share price.
Shareholders of Facebook stock sued the social media giant alleging that Facebook made misleading claims about its use of user data, which blew up this month when its alleged relationship to a Trump-linked data firm was made public.
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.
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.