Case Update: Bellamy’s Australia Ltd. reaches $49.7m (AUD) settlement

  Law firm Slater & Gordon announces a conditional agreement for a $49.7m (AUD) settlement on November 27, 2019.    Case Background During a 2 December 2016 business update, Bellamy’s Australia Ltd., an Australian food and beverage company known for its production of organic infant formula through its subsidiary, Bellamy Organic, cut its revenue projections for FY2017 from $350 million Continue Reading

Case Spotlight: American Realty Capital Properties, Inc. (ARCP)

The proposed settlement resolves claims that ARCP, now called VEREIT, misrepresented its financial performance for fiscal year 2013 and the first two quarters of 2014. The settlement is noteworthy for its size.  According to Cornerstone Research,[1] since 1996, less than 2% of securities class action settlements have exceeded $1 billion.  If approved, ARCP will be the tenth largest since the Continue Reading

Why the Deutsche Bank Settlement is Good News for Investors in the GSE Bond Market

On TV, prosecutors promise good deals to perpetrators willing to turn on and co-operate early against their alleged partners in crime. Something similar is playing out in the Southern District of New York in the antitrust class action filed last February against 16 firms who allegedly conspired to manipulate the market for bonds issued by Fannie Mae and other government Continue Reading

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