As co-lead counsel representing the Laborers’ Annuity and Benefit System of Chicago, Berman Tabacco negotiated a $24 million settlement in a securities class action against armored vehicle manufacturer Force Protection, Inc. The settlement addressed the claims of shareholders who accused the company and its top officers of making false and misleading statements regarding financial results, failing to maintain effective internal controls over financial reporting and failing to comply with government contracting standards.
Case Information- Settlement Amount:
$24,000,000
$24,000,000