GGP ($GGP) $42.5M Investor Settlement

The settlement funds have been distributed to claimants.

$42,500,000

Cash Settlement

Delaware court of Chancery

Court

2018-0267-NAC

Case number

11/11/2017

Class period Start

08/28/2018

Class period End

GGP ($GGP) has agreed to a tentative $42.5 million settlement to resolve claims that investors were misled in connection with the company’s 2018 merger with Brookfield Property Partners.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Failure to Disclose,

Breach of Fiduciary duty

Suspected Party

Directors,

Management,

Service Provider

Security Type

Stocks

Trade Direction

Long

Plaintiffs

Randy Kosinski, Arthur Susman, Robert Lowinger

Attorneys

Bernstein Litowitz Berger & Grossmann LLP

Defendants

Mary Lou Fiala, Janice R. Fukakusa, John K. Haley, Daniel B. Hurwitz, Christina M. Lofgren, Richard B. Clark, J. Bruce Flatt, Brian W. Kingston, Sandeep Mathrani

Administrator

A.B. Data Ltd

Attorney fee

$12,762,500

Trades matching type

FIFO

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