If You Purchased The Publicly Traded Equity Securities Of Flowserve Corporation (“Flowserve”) On Or Between February 6, 2001 And September 27, 2002, Inclusive, Including The Purchase Of Flowserve Common Stock Pursuant To Flowserve’s November 16, 2001 Or April 16, 2002 Public Offerings, You Could Receive A Payment From A Class Action Settlement.
The Court in the United States District Court for the Northern District of Texas has certified for settlement purposes a Settlement Class of all Persons who (1) purchased the publicly traded equity securities of Flowserve on or between February 6, 2001 and September 27, 2002, inclusive; or (2) purchased Flowserve common stock issued pursuant to Flowserve’s November 16, 2001 or April 16, 2002 public offerings, according to the Flowserve securities class action settlement notice.
The Flowserve class action settlement reportedly involves a settlement fund of $55,000,000 in cash and reportedly resolves claims alleging that Defendants made false and misleading statements and omissions on or between February 6, 2001 and September 27, 2002, about Flowserve’s financial results, compliance with debt covenants, integrations of acquired companies, and earnings projections.
If You Have Thoughts About The Flowserve Securities Class Action Settlement, Share Your Settlement Thoughts Below.