0 results for 'Labaton Keller Sucharow'
Judge Uses Novel Order to Encourage Wider Diversity in Law Firms
After 16 years of observing scores of litigation teams from his seat on the Southern District bench, Judge Harold Baer Jr. has strong views about what is lacking in many law firms: diversity.Is the Shield Beginning to Crack?
Christopher J. Keller and Michael W. Stocker of Labaton Sucharow discuss how decisions in multiple circuits suggest that demise of the class action may be premature, and the recent passage of the Dodd-Frank Financial Reform Act will likely accelerate these changes into 2011.Reining in the Credit Ratings Industry
Christopher Keller, a partner at Labaton Sucharow, and Michael Stocker, of counsel at the firm, write that in the wake of the financial crisis of 2007 and 2008, a broad consensus has developed that credit rating agencies failed in their critical function of assessing the creditworthiness of companies and financial instruments. The reform of these agencies is therefore sure to occupy a central place in the regulatory and legislative agendas of 2010. While the full extent of these changes remains to be seen, they will likely represent a turning point in the history of this troubled part of the financial services sector.Japan's past recession provides a cautionary tale
The list of woes is all too familiar: In the midst of a financial crisis erupting from the deflation of a vast real estate bubble, bankers and regulators quarrel over how best to rein in the excesses of the financial markets. Industry supporters call for government bailouts of declining institutions and prophesy that mark-to-market accounting rules will result in calamitous write-downs of assets. What few realize is that these events took place in Japan, more than a decade ago — and that the resolution of the Japanese crisis has important implications for reform in this country.Lead Plaintiff Pick Rejected as Merely 'Pawn of Counsel'
A federal judge has rejected a proposed co-lead plaintiff for the Monster Worldwide Inc. securities fraud class action because the representative knew nothing about the case. Southern District of New York Judge Jed Rakoff said the Steamship Trade Association International Longshoremen's Pension Fund (STA-ILA) was "simply the willing pawn of counsel" because it "has no interest in, genuine knowledge of, and/or meaningful involvement in this case."Lead Plaintiff Pick Rejected As Merely 'Pawn of Counsel'
A federal judge has rejected a proposed co-lead plaintiff for the Monster Worldwide Inc. securities fraud class action because the representative knew nothing about the case. Southern District Judge Jed Rakoff said 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."Labaton Sucharow and Berman DeValerio Pease Tabacco Burt & Pucillo get the nod--but there wasn't much competition. Plus: How many securities class actions were filed in 2008, anyway?
Federal Judge: Lead Plaintiff Pick a 'Pawn of Counsel'
A federal judge has rejected a proposed co-lead plaintiff for the Monster Worldwide Inc. securities fraud class action because the representative knew nothing about the case.Trending Stories
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