ISS Securities Class Action Services

Securities Class Action Services (SCAS) offers a robust research & claims filing solution on litigation across the globe to help investors recover lost assets.

[ISS Securities Class Action Services @iss_scas]

The following links provide @iss_scas' industry-leading Thought Leadership:
* White Papers & Reports – https://t.co/9JMELCrHZX
* ISS Insights Articles – https://t.co/rQPtE73SpJ
* Webinar (The Importance of #ESG in Shareholder Class Actions) – https://t.co/NNmqYJtMQv

#classaction

[ISS Securities Class Action Services @iss_scas]

Investors agreed to a tentative settlement of $19.6 million with #Reckitt Benckiser Group plc. Allegations state $RGPLY engineered an illicit plan to coerce patients and physicians to switch to #SuboxoneFilm in treating #opioid addiction under false pretenses. #classaction

[ISS Securities Class Action Services @iss_scas]

Three law firms – @LabatonSucharow, @KTMCLaw, @blbglaw – will serve as co-lead counsel in the #classaction against #Discovery Inc. Investors allege a breach of fiduciary duty related to a side deal for defendants in the #ATT merger that created media giant #WarnerBros Discovery.

[ISS Securities Class Action Services @iss_scas]

Investors filed a 48-page complaint against #DraftKings Inc. Allegations state the sports contest & sports betting company violated federal securities laws by illegally selling unregistered securities when it offered #NFT’s through its own marketplace. #classaction #Crypto $DKNG

[ISS Securities Class Action Services @iss_scas]

A July 5th claim deadline was established in the #MohawkIndustries Inc. $60 million settlement. Investors allege $MHK engaged in a scheme to fabricate revenues through fictitious sales of products that were not delivered to customers & to conceal inflated inventory. #classaction

[ISS Securities Class Action Services @iss_scas]

Investors filed a 22-page complaint against #MatchGroup Inc. Allegations state $MTCH failed to disclose material adverse facts related to a lack of execution on Tinder’s new product initiatives… which led to disappointing financial results that missed guidance. #classaction

[ISS Securities Class Action Services @iss_scas]

Investors agreed to a tentative settlement of $13 million with #Precigen, Inc. (f/k/a #Intrexon Corp.). Allegations relate to the biotech company misrepresenting its program to convert cheap natural gas into more valuable industrial products. #classaction $PGEN

[ISS Securities Class Action Services @iss_scas]

A “Stipulation and Agreement of Settlement” between #HP Inc. and investors disclosed an agreed upon $10,5 million tentative settlement. Shareholders allege $HPQ misrepresented aspects of its inventory management and sales practices from February 2017 - October 2019. #classaction

[ISS Securities Class Action Services @iss_scas]

Investors agreed to a $122.5 million settlement, resolving allegations defendants breached their fiduciary duties related to the 2019 #CBS / #Viacom merger. Specifically, this was an unfair pact where Shari Redstone used a controlling stake to secure the deal. $PARA #classaction

[ISS Securities Class Action Services @iss_scas]

Investors were granted class certification status in its #classaction against #WynnResorts. The #MeToo related case alleges that company officers, board members, and senior management knew about – or recklessly disregarded – Steve Wynn’s misconduct and concealed them. #ESG $WYNN

[ISS Securities Class Action Services @iss_scas]

@amyl12 @GuyAdami Additional insight from @iss_scas on the largest 2022 settlements from is available at https://t.co/xhLAo4Nxwl

[ISS Securities Class Action Services @iss_scas]

A July 3rd claim deadline was set in the #WorkhorseGroup Inc. settlement. Allegations state $WKHS misled investors about a failed $6.3 billion contract with the U.S. Postal Service. The payout will consist of $15 million in cash and $20 million in stock. #classaction #USPS

[ISS Securities Class Action Services @iss_scas]

The $7.3 million #Freds Inc. settlement from July 2022 disbursed to eligible claimants. The now-bankrupt retailer was alleged to have made false statements concerning regulatory risk of a 2017 #Walgreens - #RiteAid merger, as Fred’s was to acquire a number of stores. #classaction

[ISS Securities Class Action Services @iss_scas]

Newly Published – The “Top 50 of 2022” report ranking plaintiff law firms from 2022 North American #classaction settlements. The top 5 firms are as follows:
@rgrdlaw, @blbglaw, @motleyrice, #BFAlaw, and
@KTMCLaw.

To learn more, download the report at: https://t.co/2gCK7Nk2wG

[ISS Securities Class Action Services @iss_scas]

Investors filed a 33-page complaint against #Tesla Inc. Allegations state $TSLA overstated the efficacy, viability, and safety of its Autopilot & FSD technologies – creating a risk of accident and injury – which could lead to increased risk of regulatory scrutiny. #classaction

[ISS Securities Class Action Services @iss_scas]

Investors and #Talkspace, Inc. announced a tentative settlement. Allegations state $TALK made misleading statements and omissions to ensure its 2021 merger with a #SPAC - #HudsonExecutive Investment Corp. - was approved. The parties will soon submit financial terms. #classaction

[ISS Securities Class Action Services @iss_scas]

Investors filed a 41-page complaint against #Catalent Inc. Allegations state $CTLT made false & misleading statements by engaging in “accounting and channel stuffing schemes” to pad revenues – giving the appearance of continued growth – during the #COVID pandemic. #classaction

[ISS Securities Class Action Services @iss_scas]

A June 23rd claim deadline was set in the $8.1 million #ChembioDiagnostics settlement. Investors allege a failure to disclose its #COVID test results were below acceptable #FDA levels. A stock drop occurred after the FDA revoked $CEMI's Emergency Use Authorization. #classaction

[ISS Securities Class Action Services @iss_scas]

The recent $2.75 million settlement between investors and #PivotalSoftware led #SCOTUS to remove from its docket the matter of whether mandatory discovery stays apply to state court securities #classactions. Allegations related to deceptive statements in #IPO offering documents.

[ISS Securities Class Action Services @iss_scas]

In light of the recent jury verdict finding #Tesla and #ElonMusk not liable for his 2018 "funding secured" tweets, Musk asked an appeals court (again) to throw out the $40 million settlement previously reached with the #SEC. #FairFund $TSLA