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August 01, 2013 | Corporate Counsel

Deals & Suits

13 minute read
January 29, 2010 | Law.com

Investors' Suit Against Moody's, S&P Dismissed

Moody's and Standard & Poor's are not liable for nearly $100 billion in losses allegedly incurred by a group of investors in mortgage-backed securities issued by Lehman Brothers, a federal judge has ruled, granting the rating agencies' motion to dismiss the investors' suit. The judge sided with Moody's and S&P, who said they were not liable under the Securities Act of 1933 as either underwriters or sellers.
2 minute read
October 21, 2010 | Law.com

DOJ, Plaintiffs Lawyers Announce $680 Million Settlement in American Indian Discrimination Suit

Potentially capping more than a decade of litigation in Washington, the government has agreed to pay $680 million to a class of American Indian farmers and ranchers who alleged the Agriculture Department's loan program was discriminatory. President Barack Obama praised the settlement and urged Congress to act on two proposed settlements in separate suits that would resolve claims among black farmers and a class of American Indians who are challenging the management of Indian trust accounts and resources.
4 minute read
Lead Plaintiffs Firms Selected in Securities Class Action Against Royal Bank of Scotland
Publication Date: 2009-05-08
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It's Cohen Milstein, representing a Massachusetts fund; and Wolf Popper and Labaton Sucharow, both appearing on behalf of the extremely litigious Mississippi public employees pension fund.

September 14, 2010 | Law.com

Wilmer, Former Client Spar Over 'Don't Ask' Lawsuit

Wilmer Cutler Pickering Hale and Dorr is battling with a former client who claims the firm cost him an opportunity to have his challenge to the military's "don't ask, don't tell" policy heard by the U.S. Supreme Court. James Pietrangelo II, a former Army captain, filed a malpractice suit claiming the firm interfered with his petition to the high court by filing a brief urging the justices not to take the case. D.C. Superior Court Judge Thomas Motley pared back his case but allowed three claims to move forward.
4 minute read
October 19, 2011 | Daily Report Online

Judge slashes 'highly unreasonable' fee request in Prius headlight class action

A federal judge in Los Angeles struck down the proposed attorney fees in a class action settlement against Toyota Motor Corp. over Prius headlights, calling the $4.7 million request "highly unreasonable" for a case with "narrow, not complex" legal work. "This could not be a simpler case," said U.
5 minute read
Plaintiffs Win Shot at Reviving Texas Class Action Against Wal-Mart
Publication Date: 2013-01-08
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Almost two years after the U.S. Supreme Court killed off a nationwide sex discrimination suit against Wal-Mart, the fate of a follow-on class action on behalf of Texas Wal-Mart employees may soon be decided by the U.S. Court of Appeals for the Fifth Circuit.

Wells Fargo Pays $42 Million in Fair Housing Case
Publication Date: 2013-06-06
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The plaintiffs, represented by Cohen Milstein, called the deal the first-ever settlement regarding the equal maintenance and marketing of bank-owned homes. Wells Fargo, one of three major banks targeted with similar claims, relied on Skadden for its defense.

August 01, 2009 | The American Lawyer

CANADA REPORT New Players at the Table

Canadian plaintiffs lawyers like Dimitri Lascaris (pictured left) have joined the class action game. In a country where the loser pays for the cost of litigation, it takes nerve--and money--to bring such cases.
14 minute read
May 12, 2009 | The Legal Intelligencer

K&L Gates Among 3 Firms Ensnared in Ponzi Probe

The collapse of Sunwest Management has spawned a series of civil actions by aggrieved investors. The SEC is charging that the retirement home operator once worth $2 billion is actually a Ponzi scheme. And plaintiffs lawyers for Sunwest investors are suing three of the company's outside law firms: Davis Wright Tremaine, K&L Gates and Thompson & Knight.
9 minute read

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