{"id":1163,"date":"2020-02-11T12:34:35","date_gmt":"2020-02-11T18:34:35","guid":{"rendered":"http:\/\/nixlaw.com\/?post_type=news&#038;p=1163"},"modified":"2025-08-13T08:27:10","modified_gmt":"2025-08-13T08:27:10","slug":"nix-patterson-announces-65-million-settlement-for-investors-in-seaworld-entertainment-securities-fraud-litigation","status":"publish","type":"news","link":"https:\/\/nixlaw.com\/es\/practice-areas\/class-action\/nix-patterson-announces-65-million-settlement-for-investors-in-seaworld-entertainment-securities-fraud-litigation\/","title":{"rendered":"Nix Patterson Settles $65M for SeaWorld Investors"},"content":{"rendered":"<p>On February 11, 2020, Nix Patterson announced a $65 million settlement on behalf of its client, the Arkansas Public Employees Retirement System (&#8220;APERS&#8221;), and all investor members of the previously certified Class. The settlement was reached after more than 5 years of hard fought litigation and comes just 1 week prior to jury selection.<\/p>\n<p>On the same date, Nix Patterson moved for preliminary approval of the settlement and anticipates the settlement will receive final approval in June 2020.<\/p>\n<p>Lead NP attorney, Jeffrey Angelovich, said &#8220;the result here is particularly gratifying.&#8221; The case was dismissed in early 2016, but &#8220;we resuscitated\u00a0it and obtained an outstanding result for the Class,&#8221; he said.<\/p>\n<p>The case alleges SeaWorld, its senior executives and its controlling shareholder lied to the market about the effects the documentary Blackfish was having on the Company&#8217;s business. The matter, <em>Baker v. SeaWorld Entertainment, Inc. et al<\/em>., Case No. 3:14-cv-2129, was litigated before Judge Michael Anello in the United States District Court for the Southern District of California, San Diego Division.<\/p>\n<p>NP&#8217;s representation of APERS was led by partners Jeffrey Angelovich and Susan Whatley, senior associate Cody Hill, and associate Nathan Hall.<\/p>\n<p><a href=\"http:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/SeaWorld-2-11-20-Article.pdf\"><img decoding=\"async\" class=\"alignnone wp-image-641\" src=\"https:\/\/nixlaw.com\/wp-content\/uploads\/2023\/01\/NP-ARTICLE-NEW-PDF.jpg\" alt=\"NP article\" width=\"75\" height=\"97\" \/><\/a><\/p>\n<h6><strong><small>San Diego Union Tribune<\/small><\/strong><\/h6>\n<h6><strong><small>2-11-20<\/small><\/strong><\/h6>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false},"categories":[],"tags":[],"news_attorney_categories":[36,23,26],"news_categories":[17],"news_practice_areas":[307],"news_years":[52],"class_list":["post-1163","news","type-news","status-publish","hentry","news_attorney_categories-cody-hill","news_attorney_categories-jeffrey-angelovich","news_attorney_categories-susan-whatley","news_categories-case-update","news_years-52"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$65M SeaWorld Investor Settlement | Nix Patterson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nixlaw.com\/practice-areas\/class-action\/nix-patterson-announces-65-million-settlement-for-investors-in-seaworld-entertainment-securities-fraud-litigation\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$65M SeaWorld Investor Settlement | Nix Patterson\" \/>\n<meta property=\"og:description\" content=\"On February 11, 2020, Nix Patterson announced a $65 million settlement on behalf of its client, the Arkansas Public Employees Retirement System (&#8220;APERS&#8221;), and all investor members of the previously certified Class. The settlement was reached after more than 5 years of hard fought litigation and comes just 1 week prior to jury selection. 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