0 results for 'Labaton Keller Sucharow'
Backdating cases head to settlement
A significant portion of the stock-options backdating cases have reached preliminary settlements in recent months, with plaintiffs' firms Labaton Sucharow and Coughlin Stoia Geller Rudman Robbins serving as lead counsel in some of the most noteworthy agreements. Of those made public, few settlements have reached proportions that lawyers anticipated at the start of the backdating scandal.Firms vie for lead roles in big litigation
The Toyota litigation is the latest high-profile case to attract a set of plaintiffs' securities firms that have become increasingly competitive regulars in the fight for lead counsel status in big-ticket shareholder litigation.Judge's Unusual Order Sparks Law Firm Diversity Debate
A stir recently erupted in the securities class action bar after Southern District of New York Judge Harold Baer Jr. issued an order in a case against Gildan Activewear, directing two of the largest firms in the field, Labaton Sucharow and Robbins Geller Rudman & Dowd, to "make every effort" to put at least one woman and one minority lawyer on the case. Plaintiffs lawyers interviewed said they had not heard of other judges making similar orders, and some class action attorneys said Baer is going too far.Online job search company pays a monster backdating settlement
The parent company of online job search site Monster.com has agreed to pay $47.5 million to settle a class action alleging that the company backdated stock options. As part of that settlement, Monster's founder and former chief executive officer, Andrew McKelvey, agreed to pay $550,000. The settlement is among the largest involving stock options backdating.NY Judge Uses Novel Order to Encourage Wider Diversity in Law Firms
Pension Funds Settle Options Backdating Suit With Mercury Interactive for $117.5M
A group of pension funds reached a settlement Monday with Mercury Interactive Corp. for $117.5 million related to the backdating of stock options. The settlement is the largest in the history of backdating class action lawsuits, says Christopher Keller, a partner at Labaton Sucharow, which represented the funds. It was more than six times larger than the largest previous backdating settlement, which totaled $18 million.Lead Plaintiff Pick Rejected as Merely 'Pawn of Counsel'
A federal judge has rejected a proposed co-lead plaintiff for the Monster Worldwide securities fraud class action because the representative knew nothing about the case. Southern District of New York Judge Jed Rakoff had some pointed words for lead plaintiffs counsel Labaton Sucharow, saying the Steamship Trade Association International Longshoremen's Pension Fund was "simply the willing pawn of counsel" because it "has no interest in, genuine knowledge of, and/or meaningful involvement in this case."Trending Stories
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