As counsel for court-appointed lead plaintiff, the Louisiana Municipal Police Employees’ Retirement System, Berman Tabacco obtained an $8.1 million settlement from the company and its former CEO and CFO, which the court approved in January 2013. The case alleged that the company had misled investors about its accounting practices, including overstatement of revenues.
Case Information- Settlement Amount:
$8,100,000
$8,100,000