Kehoe Law Firm, P.C. is pleased to announce that the United States District Court for the Southern District of New York has granted final approval to a $17.5 million settlement resolving securities claims against TaskUs, Inc., an outsourced digital customer service provider accused of misleading investors about its employee ratings on Glassdoor.

The class action lawsuit alleged that TaskUs’s IPO and secondary offering materials improperly portrayed the company’s online reviews as an authentic reflection of its workplace culture. In reality, according to the complaint, TaskUs encouraged new hires—still in training and not yet exposed to the company’s day-to-day conditions—to post positive reviews, thereby artificially inflating its online reputation and thereby the price of its stock.

Kehoe Law Firm, serving as counsel for the investor class, helped secure this significant recovery on behalf of affected shareholders. “This settlement represents an excellent outcome for investors who were entitled to truthful disclosures when making decisions in the public markets,” said Michael Yarnoff, Partner at Kehoe Law Firm. “We are proud to have helped deliver meaningful relief and to reaffirm the importance of transparency in corporate communications.” The settlement brings closure to Lozada et al. v. TaskUs Inc. et al., ensuring meaningful compensation to investors who relied on the company’s public statements.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

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Tel: 215-792-6676

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[email protected]

Kehoe Law Firm, P.C. and its co-counsel successfully secured a derivative settlement with the Fluor Corporation (“Fluor’” or the “Company”) individual Defendants.  Under the deal, Fluor will adopt and maintain a set of management and board-level measures addressing project and risk management and oversight and performance-based compensation safeguards for at least four years.

The deal also requires the Company to allocate funding for the reforms, which are estimated to be approximately $10 million over the four years.  The reforms, taken together, will reduce the chances that Fluor and its stockholders will suffer a loss of investor confidence and legal exposure moving forward; enhance the value of the Company through improved project and risk management, oversight, and decision-making; and help boost investor confidence in the integrity of the Company’s management and the effectiveness of its governance and oversight regime.

Michael Yarnoff, a Partner at Kehoe Law Firm, emphasized the importance of the measures secured in the settlement, stating, “Fluor’s reforms will help protect the Company from future liability and will strengthen Fluor’s overall commitment to better corporate governance and oversight.”

Questions About the Fluor Settlement?

Investors interested in learning more about the lawsuit and settlement can send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].

ABOUT KEHOE LAW FIRM, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. (“KLF”) is pleased to announce a $2.6 million proposed partial settlement was reached with former executives of Trident Acquisition Corp. (“Trident”), the SPAC that merged with Lottery.com.

The agreement resolves class action claims that the 2021 go-public transaction misrepresented the company’s operations and value, leading to steep losses for public investors. The case, pending in the Delaware Court of Chancery, alleged that insiders secured massive profits while ordinary shareholders faced devastating losses.

“This settlement is a meaningful step toward accountability,” said Michael Yarnoff, Esq., a partner at KLF. “It provides immediate relief to affected investors and strengthens our ability to pursue remaining claims against other key parties involved in this transaction.”

The proposed resolution benefits all Trident common stockholders who held shares during the critical period leading up to the consummation of the merger.

The case remains active against other defendants, such as certain former executives of Lottery.com and Chardan Capital Markets LLC. 

Questions About the Settlement?

Investors interested in learning more about the lawsuit and the partial settlement can send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].

ABOUT KEHOE LAW FIRM, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]