WM’s $30 Million Investor Settlement Gets Final Court Assent (1)

Waste Management Inc.‘s $30 million settlement earned a federal court’s final blessing to resolve shareholder claims tied to the garbage collection company’s 2020 purchase of Advanced Disposal Services Inc.

Judge Lorna G. Schofield approved the class agreement covering those who got certain redeemable senior notes, according to a Thursday filing in the US District Court for the Southern District of New York. The investors’ counsel sought a third of that sum in attorneys fees and almost $947,000 in litigation expenses plus interest.

• The suit alleged WM misrepresented the $4.6 billion deal’s timeline, later finished in October 2020, before announcing ...