Active Cases

The case relates to allegations of defrauding investors in connection with DiDi’s June 2021 initial public offering. The plaintiffs claim that DiDi concealed material information about a Chinese government cybersecurity review and failed to disclose that the Cyberspace Administration of China (CAC) had suggested the company delay its IPO due to concerns about illegal data collection and privacy violations. Shortly after the IPO raised $4.4 billion, the CAC banned DiDi from registering new users, ordered the removal of its app from app stores, and subsequently fined the company $1.2 billion in July 2022 for violating Chinese cybersecurity, data security, and personal information protection laws. A $740 million settlement was negotiated to redress damages caused to investors.

The case, filed on behalf of the St. Clair County Employees’ Retirement System and other investors, alleged that Acadia made false and misleading statements to investors regarding patient care quality, staffing levels, regulatory compliance, and financial projections for its United Kingdom operations during the period from April 30, 2014, to November 15, 2018. The settlement was reached on November 7, 2025, just days before a jury trial was scheduled to begin in the U.S. District Court for the Middle District of Tennessee, and received preliminary court approval in January 2026.

The lawsuit alleged that Rivian made misleading statements in its IPO documentation about the true cost of manufacturing its flagship R1 electric vehicles and failed to disclose that the company had planned a significant price increase after going public. On March 1, 2022, Rivian announced a nearly 20% price hike on the R1T pickup truck and R1S SUV, raising the R1T price from $67,500 to $79,500 and the R1S from $70,000 to $84,500, which caused Rivian’s stock price to collapse and triggered widespread customer backlash.

This case relates to a allegations that Rio Tinto plc and Rio Tinto Limited and certain of its directors made material misrepresentations and omissions between 2018 and 2019 in connection to the business of Turquoise Hill, including misstatements concerning the development of the Oyu Tolgoi mine in Mongolia and related delays and cost overruns. Turquoise Hill Resources Ltd. has settled the case for $138.75 million to redress damages caused to investors.

The case had its roots in materially false and misleading statements and/or omissions whereby the Equinix, Inc. failed to disclose that it had manipulated its financial accounting to reduce maintenance capital expenses, in order to artificially inflate its reported Adjusted Funds from Operations. In addition it is further alleged that Equinix oversold power capacity at its datacenters and did not warn of the risks associated with this practice or the limits it placed on the Company’s growth prospects. Equinix, Inc. has deposited a compensation fund consisting of $41.5 million to redress damages caused to investors between 2019 and 2024.