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Mohanty v. Avid Technology, Inc. et al
Case Number:
1:16-cv-12336
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 16, 2018
Avid's $1.3M Deal With Investors Over Stock Drop Gets OK
A Massachusetts federal judge on Friday preliminarily approved Avid Technology Inc.'s $1.3 million settlement resolving a securities fraud class action over the rollout of one of its products after both sides in the suit agreed to tweak the deal in response to concerns from the judge.
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January 03, 2018
Judge Questions $1.3M Avid Tech Securities Class Settlement
A Massachusetts federal judge hesitated Wednesday to give preliminary approval to a $1.3 million settlement she said has too many hoops and too few protections for investors in a securities class action against a video-editing company prominent in film and media industries.