Cases
In re Computer Sciences Corp. Securities Litigation – Total Settlement: $97.5 Million
- Securities Class Action
Overview
Overview
| Status: | Status: Settled |
| Court: | Court: Eastern District of Virginia |
| Case Number: | Case Number: 11-CV-00610 |
| Lead Attorneys: | Lead Attorneys: Javier Bleichmar, Joseph A. Fonti |
| Settlement Amount: | Settlement Amount: $97,500,000 |
| Settlement Status: | Settlement Status: Settled |
Background: Plaintiffs alleged that the company and two of its executive officers misrepresented (i) a multi-billion dollar contract with the United Kingdom's National Health Service, and (ii) that the company's internal controls were adequate.
BFA's Role: BFA partners Javier Bleichmar, Joseph A. Fonti, and Dominic Auld represented Court-appointed Lead Plaintiff Ontario Teachers' at all stages of this case. Upon the founding of the Firm, the Court approved Ontario Teachers' selection of BFA as counsel, continuing the team’s representation.
Status: On September 2013, the Court granted final approval to the $97.5 million settlement. At that time, the settlement was the second largest all cash recovery ever achieved in the Eastern District of Virginia, and represented as much as 38% of recoverable damages at trial.