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February 09, 2010 |

Shareholder lawsuits up 50 percent

Shareholder lawsuits over mergers and acquisitions are on the upswing, with some law firms dipping into transactions worth less than $100 million.
4 minute read
February 05, 2010 |

Shareholder Suits See Uptick as M&A Deals Flourish

Securities defense lawyers at big firms have noticed an uptick in shareholder lawsuits over mergers and acquisitions, even those worth under $100 million, a reflection of both increased deal activity and eroded share values that have lowered sale prices.
4 minute read
February 01, 2008 |

Worldox Wronged?

Critics challenge author's statements about document management software.
10 minute read
April 24, 2008 |

Alsup Rejects Easy Options Deals

Michael Torpey, the head of Orrick, Herrington & Sutcliffe's securities litigation practice, says Judge William Alsup's orders in two derivative cases may change how such suits are settled.
4 minute read
December 28, 2007 |

Court Rejects Billionaire's Bid to Obtain Milberg Weiss Work Product

A Manhattan appeals court has rejected a billionaire investor's bid to obtain the work product of three plaintiffs firms, led by Milberg Weiss, which he claims settled a class action against software maker CA Inc. for too little. The Appellate Division, 1st Department ruled that major CA shareholder Sam Wyly, as an absent class member in the CA suit, did not have the same right to lawyers' files as a client in a traditional "bipolar" attorney-client relationship.
3 minute read
December 28, 2007 |

Suit in CA Class Action Tossed

A Texas billionaire's attempt to obtain Milberg Weiss documents in the Computer Associates settlement was rejected by a New York appeals court.
3 minute read
July 23, 2010 |

BP Roundup: Bartlit Beck Hired by Spill Commission

A presidential panel probing the Gulf oil spill has hired Fred Bartlit, Jr., of top litigation boutique Bartlit Beck to lead the investigation into the disaster stemming from an April 20 explosion aboard the Deepwater Horizon drilling platform. Plus: a look at BP's U.S. GC John Lynch and state AG's lobbying for their lawyers to take the lead on civil suits.
3 minute read
March 24, 2010 |

Drought ends for securities class action settlements

Securities class action settlements rebounded slightly in 2009 after experiencing a significant decline in 2008, according to a report released today by Cornerstone Research, an economic and financial consulting firm.
2 minute read
April 25, 2008 |

Federal judge rejects easy options deals

Northern District of California Judge William Alsup rejected a preliminary settlement in a derivative lawsuit against directors and officers at Zoran Corp. on April 7, alerting lawyers that the company's shareholders deserved more than the cashless promises to behave that the opposing sides had agreed on. On the same day, he also discouraged attorneys from settling a similar case involving CNET. Observers said Alsup's stance might signal that deals in which only the lawyers get paid won't pass muster.
4 minute read

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