Spectrum Brands Agrees To $39M Stock-Drop Settlement

Law360 (August 11, 2020, 9:00 PM EDT) -- Investors in household products company Spectrum Brands Holdings have asked a Wisconsin federal judge to approve a $39 million settlement deal that would end claims that the company misled shareholders about the progress of its efforts to consolidate its facilities.

In a motion filed Monday, lead plaintiffs the Public School Teachers' Pension and Retirement Fund of Chicago and the Cambridge Retirement System told U.S. District Judge James D. Peterson that the multimillion-dollar settlement sum was equal to about 12% of the maximum damages the class realistically could have recovered at trial.

"This is an outstanding result for class members given 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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!