Securities Cases | Claims Compensation Bureau

Litigation	Alibaba
Settlement Fund	$250 Million
Description	As a leader in class action settlement recovery, CCB has developed an exclusive multi-point claim filing and data recovery process in the Alibaba Litigation. The Complaint alleges, inter alia, that Alibaba and the Individual Defendants violated the Exchange Act by failing to disclose the existence, content and significance of a July 16, 2014 administrative guidance meeting with Chinese authorities, and thus misrepresented the true state of Alibaba’s business and operations, as well as the risks Alibaba was facing at the time of its September 2014 IPO and during the Class Period. As a result of the alleged misrepresentations and omissions relating to the July 16, 2014 meeting, the price of Alibaba’s ADS was artificially inflated.

Litigation

Alibaba

Settlement Fund

$250 Million

Description

As a leader in class action settlement recovery, CCB has developed an exclusive multi-point claim filing and data recovery process in the Alibaba Litigation. The Complaint alleges, inter alia, that Alibaba and the Individual Defendants violated the Exchange Act by failing to disclose the existence, content and significance of a July 16, 2014 administrative guidance meeting with Chinese authorities, and thus misrepresented the true state of Alibaba’s business and operations, as well as the risks Alibaba was facing at the time of its September 2014 IPO and during the Class Period. As a result of the alleged misrepresentations and omissions relating to the July 16, 2014 meeting, the price of Alibaba’s ADS was artificially inflated.

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Litigation	Petrobras Securities Investors
Settlement Fund	$3 Billion
Description	CCB is currently managing claims in Petroleo Brasileiro SA shareholders Litigation. Class members are alleging massive losses on $98 billion worth of securities have revised their allegations regarding the company's handling of a multibillion-dollar corruption and kickback probe. The court has granted class certification for two classes of investors claiming that Brazilian oil giant concealed billions in bribes and kickbacks. Settlement distribution is pending.

Litigation

Petrobras Securities Investors

Settlement Fund

$3 Billion

Description

CCB is currently managing claims in Petroleo Brasileiro SA shareholders Litigation. Class members are alleging massive losses on $98 billion worth of securities have revised their allegations regarding the company's handling of a multibillion-dollar corruption and kickback probe. The court has granted class certification for two classes of investors claiming that Brazilian oil giant concealed billions in bribes and kickbacks. Settlement distribution is pending.

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Litigation	Aequitas Securities
Settlement Fund	Settlement Pending
Description	CCB is a leading force in maximizing claims for recovery in the Aequitas Securities Class Action Litigation. Plaintiffs allege that Defendants are statutorily liable for Aequitas’ unlawful securities sales and liable pursuant to ORS § 59.115(3) for participating and materially aiding in those sales. When the litigation settlements and estimated Receivership distributions are combined, the gross recovery by the Class will be $298.6 to $311.6 Million.

Litigation

Aequitas Securities

Settlement Fund

Settlement Pending

Description

CCB is a leading force in maximizing claims for recovery in the Aequitas Securities Class Action Litigation. Plaintiffs allege that Defendants are statutorily liable for Aequitas’ unlawful securities sales and liable pursuant to ORS § 59.115(3) for participating and materially aiding in those sales. When the litigation settlements and estimated Receivership distributions are combined, the gross recovery by the Class will be $298.6 to $311.6 Million.

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Litigation	Wells Fargo & Company
Settlement Fund	$480 Million
Description	In this Shareholder action, Plaintiffs’ allege that Wells Fargo violated the Securities Exchange Act by failing to disclose artificially inflated stock trading prices resulting in Wells Fargo stock price to decline. CCB has analyzed millions of lines of data and has successfully filed claims on behalf of our clients. Our clients are positioned to receive recovery from this multi-million-dollar class action settlement.

Litigation

Wells Fargo & Company

Settlement Fund

$480 Million

Description

In this Shareholder action, Plaintiffs’ allege that Wells Fargo violated the Securities Exchange Act by failing to disclose artificially inflated stock trading prices resulting in Wells Fargo stock price to decline. CCB has analyzed millions of lines of data and has successfully filed claims on behalf of our clients. Our clients are positioned to receive recovery from this multi-million-dollar class action settlement.

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