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Case Page

 

Case Status:    SETTLED  
—On or around 12/03/2015 (Date of order of final judgment)
Current/Last Presiding Judge:  
Hon. Claude M. Hilton

Filing Date: July 15, 2014

Neustar, Inc. is an American information services company. The Company operates in three segments: carrier services, enterprise services and information services.

According to the law firm press release, the Complaint alleges that during the Class Period, NeuStar misrepresented and concealed its ability to maintain a critical series of contracts with a telecommunications industry group known as North American Portability Management LLC. When the truth regarding the Company's ability to maintain the contracts was revealed, the price of NeuStar stock fell approximately $11 per share.

On October 7, 2014, the Court issued an Order appointing lead Plaintiff and approving the selection of lead Counsel. Lead Plaintiff filed a Consolidated Amended Complaint on November 6.

On January 27, 2015, the Court issued an Order dismissing this case with prejudice. On February 25, Lead Plaintiff filed a Notice of Appeal to the United States Court of Appeals for the Fourth Circuit, citing their intention to appeal the District Court's Dismissal Order.

The parties filed a Stipulation of Settlement on August 6, 2015. The Settlement was preliminarily approved by the Court on September 22. On December 3, the Court issued a Final Order approving the Settlement, including an Award of Attorneys' Fees, and dismissed the case. Lead Plaintiff voluntarily dismissed the pending Appeal on January 6, 2016.

On December 18, 2017, the Court issued an Order authorizing Distribution of the Net Settlement Fund.

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