On or around 12/18/2017 (Date of order of distribution of settlement)
Filing Date: July 15, 2014
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 an amended and consolidated complaint on November 6.
On January 27, 2015, the Court issued an Order dismissing this case with prejudice.
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 and dismissing this case.
On December 18, 2017, the Court issued an Order authorizing Distribution of the Net Settlement Fund.
Company & Securities Information
Defendant: Neustar, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: NSR
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Oklahoma Firefighters Pension and Retirement System, et al. v. Neustar, Inc., et al.