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GE.US
id: 1375

GE Aerospace (GE) Investor Settlement

The court has approved the settlement.
S.D. New York
Court
1:17-cv-08457
Case number
02/19/2016
Class period Start
01/23/2018
Class period End

GE Aerospace reached a settlement with $GE investors over claims that its Power segment's poor performance resulted in an overestimation of its 2017 guidance.

Case Status
Preliminary Approved Settlement
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Failure to Disclose
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Filing date
11/01/2017
Plaintiffs
Sjunde-AP Fonden
Attorneys
Kessler Topaz Meltzer & Check LLP; Grant & Eisenhofer
Defendants
JEFFREY R. IMMELT; JEFFREY S. BORNSTEIN; JAMIE MILLER; KEITH S. SHERIN; JAN R. HAUSER; RICHARD A. LAXER
Judge
Jesse M. Furman
Administrator
JND Legal Administration
Settlement agreement date
2024-11-25
Exclusion deadline
08/15/2022
Attorney fee
$123,125,000
Trades matching type
FIFO
+$362,500,000
Cash Settlement Amount

General Electric Company

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems...

    Ticker
    GE.US
    ISIN
    US3696043013
    CIK
    40545
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    1 Neumann Way, Evendale, OH, United States, 45215