Securities Class Action Cases: Quarterly Disbursed Claims – Q2-2017
By Jenn Rothenberg, VP of Marketing
In Q2-2017, there were 38 settlements with over $3.84 billion of settlement funds for distribution, an increase of over 300% from the $944m distributed in Q1-2017. For more information, contact your Financial Recovery Technologies representative or email us.
Top 5 Recently Settled cases in Q2-2017 (in terms of settlement fund value)
- Salix Pharmaceuticals ($210m)
- Computer Sciences Corporation ($190m)
- Novastar Mortgage ($165m)
- Halliburton ($100m)
- L-3 Communications Holdings ($34m)
Top 5 Disbursed Cases in Q2-2017 (in terms of settlement fund value)
- Household International ($1.5b)
- AIG ($970m)
- Indymac Mortgage Backed ($340m)
- HCA Holdings ($215m)
- Bank of New York Mellon ($180m)
Q2-2017 Disbursed Cases
| Disbursement Date | Case Name | Claim Deadline | Settlement Fund |
|---|---|---|---|
| 6/27/2017 | FUQI INTERNATIONAL, INC. | 4/21/2015 | $7,500,000.00 |
| 6/21/2017 | LONGTOP FINANCIAL TECHNOLOGIES LIMITED | 11/10/2015 | $2,300,000.00 |
| 6/15/2017 | BRIDGEPOINT EDUCATION, INC. | 4/27/2016 | $15,500,000.00 |
| 6/12/2017 | BARRICK GOLD CORPORATION | 9/29/2016 | $140,000,000.00 |
| 6/9/2017 | PROSPECT MEDICAL HOLDINGS, INC. | 3/22/2016 | $6,500,000.00 |
| 6/6/2017 | MEDBOX, INC. | 6/1/2016 | $1,850,000.00 |
| 6/6/2017 | NETSOL TECHNOLOGIES, INC. | 6/13/2016 | $850,000.00 |
| 6/5/2017 | INDYMAC MORTGAGE BACKED | 1/28/2015 | $340,000,000.00 |
| 6/2/2017 | ACCRETIVE HEALTH, INC. | 7/6/2016 | $3,900,000.00 |
| 6/2/2017 | AEROPOSTALE INC. | 6/20/2014 | $15,000,000.00 |
| 5/31/2017 | GLOBAL GEOPHYSICAL SERVICES, INC. | 12/21/2015 | $5,300,000.00 |
| 5/30/2017 | EXIDE TECHNOLOGIES | 7/19/2016 | $14,750,000.00 |
| 5/30/2017 | EXIDE TECHNOLOGIES | 7/19/2016 | $14,750,000.00 |
| 5/26/2017 | STERLING CHEMICALS, INC. | 1/9/2017 | $17,500,000.00 |
| 5/26/2017 | VIROPHARMA, INC. | 9/21/2015 | $8,000,000.00 |
| 5/25/2017 | JINKOSOLAR HOLDING CO., LTD | 1/12/2016 | $5,050,000.00 |
| 5/24/2017 | POLYCOM, INC. | 8/23/2016 | $8,000,000.00 |
| 5/22/2017 | BARCLAYS PLC | 3/21/2016 | $14,000,000.00 |
| 5/17/2017 | AUDIENCE, INC. | 3/30/2016 | $6,050,000.00 |
| 5/15/2017 | INSYS THERAPEUTICS, INC. | 10/28/2015 | $6,125,000.00 |
| 5/15/2017 | ORTHOFIX INTERNATIONAL N.V. | 4/16/2016 | $11,000,000.00 |
| 5/12/2017 | YONGYE INTERNATIONAL, INC. | 5/2/2016 | $6,000,000.00 |
| 5/10/2017 | WALTER ENERGY, INC. | 5/9/2016 | $25,000,000.00 |
| 5/10/2017 | URBAN OUTFITTERS, INC. | 10/24/2016 | $8,500,000.00 |
| 5/3/2017 | VIOLIN MEMORY, INC. | 8/5/2016 | $7,500,000.00 |
| 5/2/2017 | HOME EQUITY MORTGAGE TRUST | 5/5/2016 | $110,000,000.00 |
| 5/1/2017 | HOUSEHOLD INTERNATIONAL, INC. | 5/24/2011 | $1,575,000,000.00 |
| 4/28/2017 | TOWER GROUP | 12/28/2015 | $20,500,000.00 |
| 4/21/2017 | ERICKSON INCORPORATED | 11/10/2016 | $18,500,000.00 |
| 4/17/2017 | HCA HOLDINGS, INC. | 4/26/2016 | $215,000,000.00 |
| 4/14/2017 | TRIAD GUARANTY, INC. | 3/21/2016 | $1,600,000.00 |
| 4/12/2017 | LIBERTY SILVER CORPORATION | 6/23/2015 | $1,000,000.00 |
| 4/11/2017 | BANK OF NEW YORK MELLON CORPORATION | 12/11/2015 | $180,000,000.00 |
| 4/11/2017 | SUNTECH POWER HOLDINGS COMPANY LTD. | 4/5/2016 | $5,000,000.00 |
| 4/10/2017 | WEATHERFORD INTERNATIONAL LTD. | 8/19/2014 | $52,500,000.00 |
| 4/6/2017 | HOUSTON AMERICAN ENERGY CORPORATION | 7/30/2015 | $7,000,000.00 |
| 4/5/2017 | MODEL N, INC. | 3/28/2016 | $8,550,000.00 |
| 4/5/2017 | DVI INC. | 6/12/2015 | $2,200,000.00 |
| 4/3/2017 | AMERICAN INTERNATIONAL GROUP, INC. | 5/5/2015 | $970,500,000.00 |
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