Mealey's (May 12, 2022, 2:52 PM EDT) -- NEW YORK — Shareholders are entitled to classwide damages totaling $1.42 million in a securities class action against an independent power producer and real estate developer and its CEO on claims that the defendants violated federal securities law by misrepresenting the status of a proposed merger deal because the reasoning and methodology provided by the shareholders’ damages expert is sufficient and the defendants failed to contest the expert report, a federal magistrate judge in New York said in a May 10 report and recommendation as to damages....