Plumbers and Pipefitters Local Union No. 630 Pension-Annuity Trust Fund, individually and on behalf of all others similarly situated v. Arbitron Inc., et al.
Published: Sep. 8, 2012 | Result Date: Nov. 14, 2011 | Filing Date: Jan. 1, 1900 |Case number: 1:08-cv-04063 Settlement – $7,000,000
Court
SD New York
Attorneys
Plaintiff
Ellen G. Stewart
(Robbins, Geller, Rudman & Dowd LLP)
David A. Rosenfeld
(Weinberg, Roger & Rosenfeld PC)
Mario Alba Jr.
(Robbins, Geller, Rudman and Dowd LLP)
Samuel H. Rudman
(Robbins, Geller, Rudman & Dowd LLP)
Defendant
Jonathan D. Polkes
(Weil, Gotshal & Manges LLP)
Facts
A securities class action was brought on behalf of Arbtiron Inc. investors alleging the company violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities and Exchange Commission (SEC) by making false or materially misleading statements in relation to Arbitron's planned rollout of Portable People Meter (PPM).
Result
Arbitron agreed to settle the matter for $7 million.
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