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May 12, 2004 |

News Briefs

A roundup of legal news items.
2 minute read
January 28, 2013 |

Firms Vying for Prized Lead Role in HP-Autonomy Suits

Joseph Cotchett's firm faces stiff competition from Robbins Arroyo, which was the first firm to file a derivative action.
3 minute read
December 20, 2004 |

WorldCom Trial Looms

A New York federal trial judge's rulings last week have paved the way for a Feb. 28 start for the historic $17 billion accounting fraud trial against WorldCom Inc.
4 minute read
June 05, 2006 |

IN BRIEF

Vinson & Elkins to pay Enron $30M settlement
3 minute read
September 09, 2009 |

Chancery Court Approves Accord in Countrywide Litigation

The second time was the charm for parties seeking to settle class action litigation in Delaware arising from Countrywide Corp.'s merger with Bank of America. After rejecting the settlement in March, the Court of Chancery approved an amended agreement Aug. 24.
5 minute read
September 17, 2010 |

Class Action Dismissed on Caution Rule Revived by 2nd Circuit

Plaintiffs may get a second chance to go after MF Global Ltd. and other defendants for the drop in the firm's stock price following revelations one of its traders lost $141.5 million in a single morning on wheat futures.
4 minute read
May 17, 2004 |

Citigroup to pay $2.6B to settle WorldCom claims

The cleanup after the collapse of WorldCom Inc. advanced last week, when Citigroup Inc. announced it would pay investors $2.65 billion to settle claims that one of its investment banking units helped disguise WorldCom's accounting fraud and inflate the price of its securities.
3 minute read
September 22, 2005 |

WorldCom Judge Awards $3.5B to Investors, $194M to Lead Attorneys

A federal judge approved more than $3.5 billion to WorldCom investors Wednesday and granted the lead attorneys' application for fees, awarding the two firms more than $194 million. The award raises the total compensation for the plaintiffs to $6.1 billion and boosts their firms' attorney fees to $335 million. Federal New York Judge Denise Cote's decision brings to a close a major chapter of the largest corporate fraud of the post-Enron era.
3 minute read
September 22, 2005 |

Judge Accepts Fees In WorldCom Case

3 minute read
April 07, 2011 |

Bid by eBay for E-Commerce Company Provokes Suit

One day after eBay Inc. announced its deal to acquire GSI Commerce, a shareholder suit was filed in the Delaware Court of Chancery alleging that Michael Rubin, the founder and CEO of GSI, was selling the company at a bargain price to capture the value of company assets for himself.
4 minute read

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