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RKS is creating value for shareholders who were previously underrepresented in an action against Spectrum Brands Holdings, Inc., where the firm was appointed lead counsel on behalf of a subclass of investors who purchased stock of defendant HRG Group, Inc. between January 26, 2017 and November 19, 2018. Long-time client Jet Capital Master Fund LP (“Jet”) was appointed lead plaintiff for the subclass.
Jet previously objected to a $39 million securities class action settlement in this action. In denying final approval of the settlement, the Court found that lead plaintiffs did not adequately notify or represent investors who had purchased the stock of defendant HRG.