GHW

Summary Notice of Pendency of Class Action and Proposed Class Action Settlement for Purchasers of Gridsum Holding Inc. Securities from September 22, 2016 through January 7, 2019.

Retrieved on: 
Martedì, Gennaio 30, 2024
Hearing, Pearl Street, Counsel, HAD, ACTION, GHW, P.C, Settlement, District court, All, ANY, Party, Allocation, Episcopal conference, Defendant, Claim, ALL, CLASS, Court, Notice, Insurance

Peifa Xu, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. Gridsum Holding, Inc., Guosheng Qi, Ravi Sarathy, Michael Peng Zhang, and Thomas Adam Melcher, Defendants.

Key Points: 
  • Peifa Xu, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. Gridsum Holding, Inc., Guosheng Qi, Ravi Sarathy, Michael Peng Zhang, and Thomas Adam Melcher, Defendants.
  • The Court may change the date of the Settlement Hearing, or hold it telephonically or via videoconference, without providing another notice.
  • You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
  • IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT.

Bernstein Litowitz Berger & Grossmann Secures a Historic $1 Billion Settlement for Shareholders in Wells Fargo Securities Class Action

Retrieved on: 
Martedì, Maggio 16, 2023
Class Action Lawsuit, Professional Services, Legal, General Treasurer of Rhode Island, Wells Fargo, Public, Risk management, BLB, Bernstein Litowitz Berger & Grossmann, WFC, District court, GHW, Douglas v. U.S. District Court ex rel Talk America, NYSE, Security (finance), Private investigator

In one of the largest securities class action settlements in recent years, Bernstein Litowitz Berger & Grossmann (BLB&G) announced today that it has reached a settlement agreement on behalf of its clients and a class of investors with Wells Fargo & Co (NYSE: WFC), which has agreed to pay $1 billion in cash to resolve a federal securities class action lawsuit in the United States.

Key Points: 
  • In one of the largest securities class action settlements in recent years, Bernstein Litowitz Berger & Grossmann (BLB&G) announced today that it has reached a settlement agreement on behalf of its clients and a class of investors with Wells Fargo & Co (NYSE: WFC), which has agreed to pay $1 billion in cash to resolve a federal securities class action lawsuit in the United States.
  • The action, In re Wells Fargo & Company Securities Litigation, No.
  • 20-CV-04494 (GHW), is pending in the U.S. District Court for the Southern District of New York before Judge Gregory Woods.
  • Wells Fargo’s investors were harmed after a series of disclosures revealed that Wells Fargo had misrepresented its compliance with those orders, causing a decline in Wells Fargo’s stock price.