SanDisk Inks $50M Deal Over Investors' Juked Forecasts Suit

By Lauren Berg (May 7, 2019, 6:01 PM EDT) -- A group of SanDisk investors has asked a California federal judge to approve a $50 million settlement to resolve class action claims that the digital storage maker falsely pumped up its production and sales forecasts, leading its stock to lose nearly one-fifth of its value when the truth came out.

After more than three years of litigation and several months of mediation, SanDisk Corp. reached the proposed cash deal with a group of investors in exchange for releasing their claims that the memory card manufacturer duped them over company share prices, according to the motion filed Monday.

No portion of the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!