SBR Secures $10 Million Settlement For Winstar Investors

SBR Secures $10 Million Settlement For Winstar Investors

Following more than ten years of litigation, and three days before jury selection in the six-week trial was to begin, SBR has secured a final settlement of $10 million from the accounting firm that served as Winstar's principal outside auditor, bringing total settlements in the case to more than $40 million. The case alleged that Winstar – a telecom firm that seemingly enjoyed explosive growth in the late 1990's – materially misrepresented its financial condition in the period from March 2000 to April 2001. SBR was Lead Conusel for the Class of Winstar investors.

Information about and forms for participating in the settlement can be found here.