Active Cases

General Electric (GE) agreed to a $362.5 million settlement to resolve a class action alleging accounting fraud between 2015–2018. Investors claimed GE misled them by overstating profits in its power and insurance divisions, triggering a 75% stock plunge. The deal compensates shareholders without admitting guilt, as GE restructured into three companies.  

The case arose from certain false and misleading statements about Sea Ltd’s business prospects regarding the sustainability of Garena’s growth (whose flagship game “free fire” faced declining users); Shopee’s profitability and Expansion costs, as the company aggressively spent on global growth; and the impact of rising competition and macroeconomic pressures.

The case centers on alleged misrepresentations in Grab Holdings’ Proxy Statement, particularly surrounding sales and revenue figures used during its merger with SPAC Altimeter Growth Corp. Due to the widespread reliance on these disclosures, investors suffered financial losses when the inaccuracies were revealed.

A settlement in this case could yield substantial recovery, with estimates suggesting a significant portion of eligible losses may be recovered.

The lawsuit focuses on misrepresentations made by Chegg between 2020 and 2021, particularly regarding the role of its platform in facilitating cheating during the pandemic. Plaintiffs argue that
Chegg’s growth was driven primarily by misconduct, and once these facts came to light, the stock experienced a steep decline.

Investors in this case have strong prospects for a meaningful recovery, with initial estimates pointing to a substantial payout, contingent on the settlement process and negotiations.

This case arises from alleged false and misleading statements regarding Alibaba’s 2020 IPO of Ant Group, as well as misrepresentations related to the company’s merchant exclusivity practices, which were in violation of Chinese antitrust laws.

Investors may expect significant recovery due to the material impact of these disclosures on the company’s valuation. Estimations suggest a strong recovery potential, although specific figures remain dependent on the final settlement terms.