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Firm Seeks to Move 'Copycat' N.Y. Cases to West Coast Court
Hagens Berman has moved to intervene in at least five "copycat" lawsuits in federal court in New York. The firm said it hopes to consolidate all the litigation in the Northern District of California, where it is pursuing a price fixing case against electronic book publishers and retailers.Hagens Berman attacks 'copycat' Apple antitrust claims
Hagens Berman has moved to intervene in at least five "copycat" lawsuits in federal court in New York. The firm said it hopes to consolidate all the litigation in the Northern District of California, where it is pursuing a price fixing case against electronic book publishers and retailers.Cite as: In Re Bear Stearns Co., Inc., 08 MDL 1963, NYLJ 1202479404634, at *1 (SDNY, Decided January 9, 2011)District Judge Robert W. Sweetp class="decided
A 'perfect storm' for pension suits?
Attorneys are doing well with the unfortunate outcomes for employees of companies trying to endure bankruptcies and scandals.Law Firms Wade In as Pension Fights Accelerate
Employees who squirreled away part of their paychecks for retirement, only to have their plans dashed by stock scandals and employer bankruptcies, are boosting business for attorneys scuffling over who is to blame. Whether the actions involve 401(k) plans or traditional pension plans, an increasing number of attorneys are working on cases where a company retirement well has run low. Yet despite the rush of filings, resolution most likely will be slow in this largely untested area of the law.Ex-Countrywide Executives Settle SEC Charges
Angelo Mozilo, the former chief executive officer and chairman of Countrywide Financial Corp., once the nation's largest mortgage lender, has agreed to pay $67.5 million to settle claims by the Securities and Exchange Commission that he misled shareholders about the risks associated with his company's loans.Fights Over Pensions Grow, and Firms are Wading In
Employees who squirreled away portions of their paychecks for retirement only to have their plans for the future dashed by stock scandals and employer bankruptcies are boosting business for attorneys scuffling over who is to blame. The defendants are often huge publicly traded companies, either suffering or bankrupt. And whether the actions involve 401(k) plans or traditional pension plans, an increasing number of attorneys are working on cases where a company's retirement well is running low."The incantation of fraud-by-hindsight will not defeat an allegation of misrepresentations and omissions that were misleading and false at the time they were made," stated Manhattan federal district court judge Robert Sweet in a 398-page ruling.
Former Countrywide Executives Settle SEC Charges as Trial Nears
Just days before trial was scheduled to open, Angelo Mozilo, the former chief executive officer and chairman of Countrywide Financial, once the nation's largest mortgage lender, has agreed to pay $67.5 million to settle claims by the SEC that he misled shareholders about the risks associated with his company's loans. Also settling were Countrywide's former president, David Sambol, who will pay more than $5.5 million, and Countrywide's former chief financial officer, Eric Sieracki, who will pay $130,000.Trending Stories
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