Investor Lawsuit Filed against Globe Life Inc. amid Report of Insurance Fraud and Sexual Harassment. In April 2024, Globe Life Inc.’s stock price fell by over 50% after short seller Fuzzy Panda issued a report describing allegations of widespread insurance fraud and a hostile workplace where sexual harassment and drug use went “unchecked.” Read the full report authored by the Global Head of ISS Securities Class Action Services’ Ivar Eilertsen, at https://lnkd.in/gjVHqr98 #ESG, #Securitiesclassactions, Bernstein Litowitz Berger & Grossmann LLP, Fuzzy Panda
ISS Securities Class Action Services
Financial Services
New York, New York 56 followers
Maximize your fund’s recoveries while minimizing costs
About us
An industry pioneer and expert in securities class action, ISS SCAS delivers a fully outsourced research, portfolio monitoring, and global claims filing solutions that empower investors to mitigate risk, minimize costs, and effectively maximize recoveries.
- Website
-
https://www.issgovernance.com/securities-class-action-services/
External link for ISS Securities Class Action Services
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- New York, New York
- Type
- Privately Held
Locations
-
Primary
New York, New York 10036, US
Employees at ISS Securities Class Action Services
-
Ivar Eilertsen
Global Business Leader
-
Mitch Pineault
Institutional Sales | ISS SCAS
-
Phil Smith
Marketing & Branding Expert | Global Experience | B2B Experience | Fintech Experience
-
Joseph Castiglione
Account Executive ISS Securities Class Action Services - Southeast Region and Law Firms
Updates
-
Two interesting cases from this past week to think about as you enjoy the 4th of July celebrations. Under Armor agreeing to settle their securities fraud suit for an eye-popping $434 Million - just days before the case went to trial. Congratulations to Robbins Geller Rudman & Dowd LLP for resolving that complaint. Then there is O.W. Bunker, a bankruptcy case in Denmark that resulted in $92.8 Million settlement. It's incredibly rare that investors recover anything in the event of a bankruptcy filing, so an award of this scale is notable. Thanks to Kevin LaCroix at D&O Diary for that interesting nugget. #securitiesclassactions, ISS Securities Class Action Services, #underarmor, #bankruptcysettlements,
-
We're #hiring a new Securities Class Actions Lawyer in New York City Metropolitan Area. Apply today or share this post with your network.
-
This article covers several noteworthy recent developments in Securities Class Actions in the past month. $1.17 billion in proceeds was also initially distributed to eligible investors, including the $809.5 million Twitter settlement. Looking ahead, ISS SCAS has already recorded $1.7 billion in settlement funds with upcoming claim deadlines, such as the $580 million Stock Loan Transactions Antitrust settlement (July 8) and the $350 million Alphabet settlement (July 25). Click the article link to learn more and hit the follow button to receive all future ISS SCAS posts. #ClassAction #Settlements #CorporateGovernance
The Latest News In Securities Class Actions
ISS Securities Class Action Services on LinkedIn
-
Google Parent Alphabet Agrees to Pay Shareholders $350 Million Over Data Leak Google’s parent company Alphabet Inc. agreed to a $350 million tentative settlement resolving allegations it concealed data-security vulnerabilities in the now-shuttered Google + social network. The settlement will become the largest data privacy and cyber-security-related securities class action ever recorded by ISS SCAS, if approved. In March 2018, amid the uproar caused by the alleged improper harvesting of user data at Facebook, Google discovered a security glitch in its social network that allegedly left the data of its users exposed for three years. The software glitch in its Google+ platform allegedly gave third-party developers access to the personal data of millions of users, including those who had not opted to share their data publicly. The exposed private profile data included email addresses, birth dates, gender, profile photos, places lived, occupations, and relationship status. Read the full report authored by ISS Securities Class Action Services’ Director of Litigation Analysis, Jarett Sena, Esq., at: https://lnkd.in/eHcgW_GC
Google Parent Alphabet Agrees to Pay Shareholders $350 Million Over Data Leak
https://insights.issgovernance.com
-
Banner Year for Securities Class Actions With $5.8 Billion in Settlement Proceeds in U.S. In 2023, recorded settlement funds stemming from securities class actions in the U.S. surpassed the prior year’s total by approximately $600 million, making it a banner year for investor recoveries, according to a new report released today by Securities Class Action Services LLC (SCAS), part of the ISS STOXX group of companies. While the annual ISS SCAS Top 100 report finds that the total number of approved monetary settlements in the U.S. decreased by 10 percent, the average value of these settlements increased significantly to $45.4 million, representing an 18 percent increase over the prior year. The report also indicates a significant rise in the value of state court settlements in 2023. Cases that received judgment at the state court level provided for a total of $1.9 billion in recoveries, representing the highest amount recorded by SCAS in a calendar year. For the first time since 2020, there were four settlements in a calendar year that yielded sufficient dollar recoveries to be included in SCAS’ annual report on the Top 100 largest U.S. settlements of all-time. Read more at: https://lnkd.in/eKdxVaya #ClassActions #CorporateGovernance #USA
Banner Year for Securities Class Actions With $5.8 Billion in Settlement Proceeds in U.S.
https://insights.issgovernance.com
-
Largest Securities-Related Class Action Settlements of 2023 2023 delivered a banner year for investor recoveries, as the $7.9 billion in settlement funds across the globe was the highest total in the last five years. The $5.8 billion specifically secured in securities-related class actions in the U.S. was also up 18% from 2022. In this ISS Insights post, ISS Securities Class Action Services, an industry pioneer and expert in global claims filing, portfolio monitoring, and research solutions, will highlight the largest settlements achieved during the year 2023. A substantive year in review will be documented in ISS SCAS’ forthcoming “Top 100 U.S. Class Action Settlements of All-Time” report, to be published in January 2024. In fact, four settlements in the calendar year were large enough to be featured within SCAS’ forthcoming Top 100 Report, including the $1 billion fiduciary duty-related settlement on behalf of Dell shareholders. Read the full report authored by, Jarett Sena, Esq., Director of Litigation Analysis, ISS Securities Class Action Services , at: https://lnkd.in/eueV2ewH #ClassAction #Settlements #CorporateGovernance
Largest Securities-Related Class Action Settlements of 2023
https://insights.issgovernance.com
-
Apple To Pay Investors $490 Million Over China iPhone Comments Apple has reached a $490 million tentative settlement to resolve allegations that in late 2018, the company misrepresented the state of the business in Greater China, its most important growth market at the time. As the Trump Administration imposed steep tariffs on Chinese goods, Apple and its top executives allegedly concealed that the “trade war” with China had negatively impacted demand for iPhones. On a conference call with investors and analysts on November 1, 2018, Apple CEO Tim Cook stated Apple was not experiencing the negative economic pressures in China it had been in other emerging markets. Four days later, however, Apple cancelled production for the iPhone XR, leading to approximately a 30% reduction in sales. On January 2, 2019, Apple announced it will miss its earnings guidance for the first time in fifteen years — by up to $9 billion. CEO Cook explained in a letter to investors that lower than anticipated iPhone sales, particularly in Greater China, accounted for the revenue shortfall. Apple’s stock price dropped about 10% as the result of the news, from $157.92 to $142.19 per share. Read more at: https://lnkd.in/ek_3pWEF #CorporateGovernance #Apple #Settlement
Apple To Pay Investors $490 Million Over China iPhone Comments
https://insights.issgovernance.com