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Evoqua To Pay $16.7M To End Investors' Suit Over $500M IPO


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Evoqua To Pay $16.7M To End Investors Suit Over $500M IPO
Law360 (July 8, 2021, 11:12 PM EDT) A New York federal judge granted preliminary approval Thursday for a $16.7 million deal to end claims from Evoqua investors that they were misled by the water treatment company and its private equity backer in the run-up to the company s $500 million initial public offering.
U.S. District Judge John P. Cronan signed off on a proposed order from the plaintiffs, City of Omaha Police and Fire Retirement System and Louisiana Sheriffs Pension & Relief Fund, who allege Evoqua Water Technologies Corp. failed to disclose some key information about the state of the business. ....

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WWE News: Final Approval Granted for Settlement in WWE Lawsuit


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As reported by Bloomberg Law, the City of Warren Police and Fire Retirement System have now secured final approval for their settlement against WWE. This was as a result of a  lawsuit they filed against WWE back in March of 2020. The settlement was granted in the amount of $39 million dollars, with the original lawsuit settled back in November.
The original lawsuit alleged that WWE produced a series of misleading statements regarding their relationship with the Kingdom of Saudi Arabia.
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The report also made it clear that WWE initially requested the lawsuit be thrown out however, this was not granted. And subsequently, upon the agreement of the settlement, the company reportedly did not acknowledge any wrongdoing on their end. ....

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