Derivative Suits

A. Literature
 https://www.lexology.com/library/detail.aspx?g=fb058045-9471-4be0-8344-
aa4db14d6b4a
 https://www.dandodiary.com/2023/08/articles/shareholders-derivative-litigation/
guest-post-as-derivative-settlements-trend-higher-side-a-coverage-becomes-crucial/
 https://www.prnewswire.com/news-releases/lex-machina-releases-2024-securities-
litigation-report-302081679.html (Report has paywall)

B. Suits filed/proposed

2023

 SOLARWINDS CORPORATION: https://casetext.com/case/sobel-v-thompson

 Tesla: Musk – not liable: https://www.cnbc.com/2023/02/03/musk-tesla-board-not-
liable-in-funding-secured-suit.html
 Tesla: settled:
https://www.tesladetroitderivativeaction.com/media/4417215/tesla_detroit_deriva
tive_-_stipulation.pdf

2022

 Seaworld settlement:
https://www.seaworldsecuritieslitigation.com/Content/Documents/Order
%20Granting%20Motion%20and%20Distribution%20Plan.pdf
 Embark: https://www.law.com/therecorder/2022/12/14/autonomous-trucking-firm-
embark-faces-shareholder-litigation-following-4b-acquisition/?
slreturn=20240308034226

Class Action Suits

A. Suits Filed/proposed
2024
 Boeing: https://thehill.com/regulation/court-battles/4442267-boeing-shareholders-
sue-after-midair-max-9-blowout/
 Beauty Health Co.: https://www.prnewswire.com/news-releases/shareholder-alert-
levi--korsinsky-notifies-the-beauty-health-companyskin-investors-of-a-class-action-
lawsuit-and-upcoming-deadline-302034990.html
 Cummins Inc.
https://www.businesswire.com/news/home/20240115583391/en/EQUITY-ALERT-
Rosen-Law-Firm-Files-Securities-Class-Action-Lawsuit-on-Behalf-of-Cummins-Inc.-
Investors-%E2%80%93-CMI
 Live Person Inc.
https://www.businesswire.com/news/home/20240117643275/en/LPSN-INVESTOR-
ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-LivePerson-Inc.-Investors-
with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit%21
 Barclays: https://finance.yahoo.com/news/barclays
 2023
 Nextera Energy:
https://www.law.com/dailybusinessreview/2023/10/19/shareholders-slam-nextera-
energy-with-florida-federal-lawsuit/
 Groupon:
https://www.groupon.com/articles/groupon-announces-settlement-of-class-action-
lawsuit
 Pebble Mine:
https://www.nrdc.org/bio/joel-reynolds/did-pebble-mine-shareholders-blink-
securities-fraud-suit
 Silicon Valley Bank:
https://fortune.com/2023/03/14/silicon-valley-bank-svb-class-action-shareholder-
lawsuit-risks-undisclosed-understated/
 Li-cycle: https://nydailyrecord.com/2023/11/09/li-cycle-slapped-with-class-action-
suit-on-behalf-of-shareholders/
 Wells Fargo: https://www.wsj.com/articles/wells-fargo-agrees-to-pay-shareholders-
1-billion-to-settle-class-action-suit-82e67977
 Credit Suisse: https://www.taxnotes.com/research/federal/court-documents/court-
petitions-and-briefs/shareholder-files-class-action-suit-against-credit-suisse-kpmg/
7gtmj

2022

 Teva: https://www.dandodiary.com/2022/01/articles/securities-litigation/teva-
settles-price-fixing-related-securities-class-action-litigation-for-420-million/
 Oscar Health: https://www.fiercehealthcare.com/payers/shareholder-files-class-
action-suit-against-oscar-health-over-ipo-financial-disclosures
 Freshworks: https://inc42.com/buzz/us-law-firms-file-class-action-suits-against-
freshworks-for-misleading-investors/

Parallel Derivative Suits

2023
 https://www.globenewswire.com/en/news-release/2023/05/30/2678718/0/en/
Class-Action-Lawsuit-Filed-on-Behalf-of-NextEra-Energy-Inc-NEE-Investors-
Nationally-Ranked-Investors-Rights-Firm-Holzer-Holzer-LLC-Encourages-Investors-
With-Significant-Losses-to-C.html
 https://static.blbglaw.com/docs/Symantec%20-%20Settlement%20Notice.pdf

2022
 On September 23, 2022, Josh Luberisse filed a purported derivative action against
current and former directors and against Embark as a nominal defendant captioned
Luberisse v. Ian Robertson et al., Case No. 3:22-cv-05455 in the United States District
Court for the Northern District of California:
 https://investors.embarktrucks.com/static-files/ea4a14d2-7197-49a1-a3cb-
513994b8cba1
 https://www.globenewswire.com/en/news-release/2024/02/02/2822584/0/en/
EMBARK-ALERT-Bragar-Eagel-Squire-P-C-is-Investigating-Embark-Technology-Inc-f-k-
a-Northern-Genesis-Acquisition-Corp-II-on-Behalf-of-Long-Term-Stockholders-and-
Encourages-Investors-.html
 https://corpgov.law.harvard.edu/2023/04/07/paramount-global-settles-cbs-viacom-
merger-lawsuit-for-122-5-million/ (derivate suit with similar allegations is pending)

2020

 https://www.dandodiary.com/2020/02/articles/securities-litigation/equifax-data-
breach-related-securities-suit-settled-for-149-million/

Mixed literature

 https://hls.harvard.edu/events/fighting-shareholder-abuse-political-misconduct-a-
discussion-of-in-re-madison-square-garden-entertainment-and-jastram-v-nextera-energy-
inc/
 https://news.bloomberglaw.com/litigation/catalent-leaders-allegedly-misled-investors-on-
revenue-demand
 https://www.gibsondunn.com/2022-mid-year-securities-litigation-update/
 https://www.gibsondunn.com/securities-litigation-2023-year-end-update/