Duane Morris Class Action Review - 2023 - Report - Page 419
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 reached
in consolidated class actions alleging claims that the defendant paid millions to
former Ohio House Speaker Larry Householder’s political nonprofit in exchange
for him promoting a bill to bail out the utility’s affiliated nuclear power plants).
6. $165 million – Pearlstein, et al. v. BlackBerry Limited, Case No. 13-CV-7060
(S.D.N.Y. Sept. 29, 2022) (final settlement approval granted in a class action
claiming the company hid poor sales numbers for its Z10 smartphone).
7. $141 million – Evanston Police Pension Fund, et al. v. McKesson Corp. et
al., Case No. 18-CV-6525 (N.D. Cal. Nov. 4, 2022) (settlement reached in a
class action over allegedly false assertions about generic drug prices that the
plaintiffs traced to a generic-drug price-fixing conspiracy).
8. $129 million – The Police Retirement System Of St. Louis, et al. v. Granite
Construction Inc., Case No. 19-CV-4744 (N.D. Cal. Mar. 17, 2022) (final
settlement approval granted in a class action alleging investment fraud).
9. $117 million - In Re Altria Group Inc. Derivative Litigation, Case No. 20-CV772 (E.D. Va. Oct. 26, 2022) (preliminary settlement approval granted to
securities fraud class action relative to ill-fated multi-billion dollar investments).
10. $105 million - Washtenaw County Employees’ Retirement System, et al. v.
Walgreen Co., Case No. 15-CV-3187 (N.D. Ill. Oct. 11, 2022) (final settlement
approval granted in a class action alleging claims the company misrepresented
financial projections as it sought shareholder approval of its plan to complete an
acquisition).
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Duane Morris Class Action Review – 2023
