{"id":1196,"date":"2020-07-24T07:34:29","date_gmt":"2020-07-24T13:34:29","guid":{"rendered":"http:\/\/nixlaw.com\/?post_type=news&p=1196"},"modified":"2025-08-13T00:01:38","modified_gmt":"2025-08-13T00:01:38","slug":"court-grants-final-approval-of-65-million-settlement-obtained-by-nix-patterson-for-investors-in-seaworld-entertainment-securities-fraud-litigation","status":"publish","type":"news","link":"https:\/\/nixlaw.com\/es\/practice-areas\/class-action\/court-grants-final-approval-of-65-million-settlement-obtained-by-nix-patterson-for-investors-in-seaworld-entertainment-securities-fraud-litigation\/","title":{"rendered":"Court Approves $65M Settlement for SeaWorld Investors in Fraud Case"},"content":{"rendered":"

On July 24, 2020, Judge Michael Anello of the United States District Court for the Southern District of California, San Diego Division, granted final approval of the $65 million settlement in the SeaWorld Entertainment Securities Fraud Litigation that Nix Patterson and its co-counsel obtained on behalf of its client, the Arkansas Public Employees Retirement System (\u201cAPERS\u201d), and the Class of investors in SeaWorld securities previously certified by the Court.<\/p>\n

Now finally approved, the class action settlement provides for the payment of $65 million by SeaWorld Entertainment, Inc. Nix Patterson and its co-counsel obtained the settlement after more than 5 years of hard fought litigation and only 1 week prior to jury selection in what would have been a monthlong trial in San Diego, California.<\/p>\n

The case alleged that SeaWorld, its senior executives and its controlling shareholder lied to the market about the effects that the documentary, Blackfish<\/em>, was having on SeaWorld\u2019s business. The matter, 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

Nix Patterson\u2019s representation of APERS and the certified Class was led by NP partners Jeffrey Angelovich and Susan Whatley, senior associate Cody Hill, and associate Nathan Hall.<\/p>\n

\"NP<\/a><\/p>\n

7\/24\/20 Order<\/strong><\/small><\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false},"categories":[],"tags":[],"news_attorney_categories":[36,23,39,26],"news_categories":[17],"news_practice_areas":[307],"news_years":[52],"class_list":["post-1196","news","type-news","status-publish","hentry","news_attorney_categories-cody-hill","news_attorney_categories-jeffrey-angelovich","news_attorney_categories-nathan-hall","news_attorney_categories-susan-whatley","news_categories-case-update","news_years-52"],"acf":[],"yoast_head":"\nSeaWorld $65M Settlement Approved | 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\" 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