The parties in the Kraft Heinz Securities Group securities class action litigation have agreed to settle the case for $450 million, a massive settlement that makes the list of all-time largest settlements. The settlement is subject to court approval. A copy of the parties’ stipulation and agreement of settlement, which was filed with the court on May 5, 2023, can be found here.
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This settlement is large enough to make this list of all-time top settlements, but at the same time, as massive as this $450 million settlement it, it only qualifies as 41st largest settlement. (In making this statement, I am referring to the ISS Securities Class Action Services List of Top 100 Settlements, discussed here).
Source: Kraft Heinz Securities Litigation Settles for $450 Million | The D&O Diary
