Secured $172.5 million settlement over Dollar General’s multi-year financial misstatements
Plaintiff(s):
Federal securities class members in consolidated actions
Case type / claims:
Securities fraud class action alleging multi-year financial misstatements caused by improper accounting practices
Defendant(s):
Dollar General Corporation and related officers
Jurisdiction:
U.S. District Court for the Middle District of Tennessee
Year:
2002
Outcome:
- Achieved a $172.5 million cash settlement — one of the ten largest securities class action recoveries in U.S. history at the time.
- Secured significant corporate governance reforms.
