Duane Morris Class Action Review - 2023 - Report - Page 312
1. $1 billion – In Re Dell Technologies Inc. Class V Stockholders Litigation,
Case No. 2018-0816 (Del. Chan. Ct. Nov. 16, 2022) (settlement reached in a
class action alleging claims that the defendants breached their fiduciary duties to
the former holders of Dell Class V tracking stock).
2. $809.5 million – In Re Twitter Inc. Securities Litigation, Case No. 16-CV-531
(N.D. Cal. Nov. 17, 2022) (final settlement approval granted in a class action
alleging claims that Twitter artificially inflated its stock price by misleading
investors about user engagement).
3. $420 million – In Re Teva Securities Litigation, Case No. 17-CV-558 (D.
Conn. June 2, 2022) (final settlement approval granted in a class action alleging
claims by investors over an alleged conspiracy to fix generic drug prices).
4. $187.5 million – In Re Luckin Coffee Inc. Securities Litigation, Case No. 20CV-1293 (S.D.N.Y. July 22, 2022) (final settlement approval granted in a class
action alleging claims that a short-selling firm released an anonymous report
claiming Luckin fabricated financial performance metrics).
5. $180 million – Employees Retirement System Of The City Of St. Louis, et
al., v. Jones, Case No. 20-CV-4813 (S.D. Ohio Sept. 9, 2022) (settlement
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Duane Morris Class Action Review – 2023
