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.
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