Precise details aren't clear at this point but Snap told Reuters that the probe is likely "related to the previously disclosed allegations asserted in the class action about our IPO disclosures".
In its administrative filing, the S.E.C. noted that the company had paid substantial amounts to settle shareholder class actions, totaling about $37 million.
Once, securities class actions were largely about financial disclosures (e.g., earnings, revenues, liabilities, etc.).
Mr. Merjian said that when the class action was filed, about 16,000 people were eligible for assistance; now, he estimated, 25,000 clients and 10,000 dependents relied on the city services.
The class action suit is about much more than just Walker and the city of Calhoun, which made changes to its bail practices following the litigation.
Seeking to scuttle the deal is Theodore H. Frank, who directs the Legal Center for the Public Interest at the American Enterprise Institute, where he writes about class actions, liability and other topics.
And just as this case is not about class actions, AT&T; Mobility was not and could not have been about the effective-vindication rule.
Here's how to get future boodle: Find out about class actions.
(There's a US class action lawsuit about Microsoft's use of the "Windows Vista Capable" label).
Wal-Mart is facing a highly publicized class action suit about its treatment of women.
