0 results for 'Labaton Keller Sucharow'
Firms Vie for Lead Roles in Big Litigation
When shareholder class actions began rolling in against Toyota Motor Corp., senior partners from more than a half-dozen of the nation's most prominent law firms piled into a Los Angeles courtroom to make their case for lead counsel status. Among them were lawyers from Robbins Geller Rudman & Dowd and Labaton Sucharow. In the end, Gerald Silk, a partner at New York's Bernstein Litowitz Berger & Grossmann, accepted the coveted position.Judge Uses Novel Order to Encourage Wider Diversity in Law Firms
Accounting rule changes roil attorneys
Attorneys for the largest multinational corporations see years of litigation ahead if the U.S. Securities and Exchange Commission completes the process it has started to eventually require American corporations to submit financial reports according to international accounting standards, instead of the Generally Accepted Accounting Principles. The SEC proposal, announced in late August, creates a road map for all U.S. corporations to follow in adopting by 2014 the International Financial Reporting Standards, the accounting system used by more than 100 countries and all major U.S. trading partners.'Tellabs': PSLRA Pleading Test Comparative, Not Absolute
Christopher J. Keller, a partner with Labaton Sucharow, and Michael W. Stocker, an associate with the firm, write that while only time will reveal the repercussions of the Supreme Court's decision in Tellabs on cases brought under �10(b), it may be far too early for defendants in cases of investor fraud to "breath a sigh of relief."Competition Growing for Lead Counsel Status in Big Securities Suits
When shareholder class actions began rolling in against Toyota Motor Corp., senior partners from more than a half-dozen of the nation's most prominent law firms piled into a Los Angeles courtroom to make their case for lead counsel status. The Toyota litigation was 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.Online Job Search Company Pays a Monster Backdating Settlement
Monster Worldwide Inc. has agreed to pay $47.5 million to settle a class action alleging that the company backdated stock options. As part of that settlement, Andrew McKelvey, Monster's founder and former chief executive officer, agreed to pay $550,000. The settlement is among the largest involving stock options backdating. Earlier this month, UnitedHealth Group Inc. paid $895 million to settle a backdating class action. In June, Brocade Communications settled a backdating class action for $160 million.Class action suit against Goldman Sachs upheld
A judge refused to dismiss an investor class action claiming Goldman Sachs was betting on declines in collateralized debt obligations while puffing them up for sales.Trending Stories
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