In re ITT Educational Services Securities Litigation

Case # 13-cv-01620
Case Name In re ITT Educational Services Securities Litigation
Jurisdiction US District Court for S.D. NY
Summary

Plaintiffs allege that Defendant deceived investors and shareholders on the financial well-being of the company.  As a result, the price of Defendant's shares was artificially inflated.
Final Approval Date 03/08/2016
Result
  1. Final Approval granted.
  2. The Brown objection was withdrawn prior to Final Approval.
  3. The Court noted that, even though the objection was withdrawn, Objector Brown failed to establish standing to object and that his objections were also without merit.
Dismissal of Last Appeal N/A
Attachments Docket Report.pdf
Second Consolidated Amended Class Action Complaint.pdf
Preliminary Approval Order.pdf
Final Judgment.pdf
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Objection of Jeff M. Brown

Objectors Jeff M. Brown
Signers Jeff M. Brown
Attorneys
Summary
  1. Claims process lacks sufficient oversight.
  2. There is no definite timeline for the claims administration process.
  3. A portion of the attorneys' fees should be withheld to provide adequate oversight.
  4. Attorneys' fees do not reflect actual recovery by the class.
  5. Attorneys' fees are excessive and not supported by the docket record.
  6. Cy pres provisions should be included in the settlement.
  7. Notice is inadequate since it does not reference specific violated statutes.
Attachments Objection of Jeff M. Brown.pdf
Withdrawal of Brown Objection.pdf
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