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December 18, 2007 |

Oracle's plans put crimp in BEA suit

What does BEA Systems Inc.'s rejection of Oracle Corp.'s takeover bid have to do with backdated stock options According to plaintiffs lawyers going after BEA in a backdating derivative suit, a lot. Like other derivative suits, Shiffrin Barroway Topaz Kessler's action on behalf of the company claims that BEA's directors and managers enriched themselves through the practice of backdating and should pay damages.
2 minute read
May 21, 2007 |

News in Brief

With the celebration of his 65th birthday and the four-and-a-half-year anniversary of his start as managing partner of Fox Rothschild's Pittsburgh office coinciding this year, Ed Kabala has handed over his management duties to partner Jay D. Marinstein.
9 minute read
December 31, 2007 |

N.Y. Court Rejects Bid to Obtain Firm's 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.
3 minute read
October 07, 2010 |

Federal Judge Denies Certification to Wellbutrin Class

In a significant win for big pharmaceutical firms, a federal judge has refused to certify a consumer and indirect purchaser antitrust class action against GlaxoSmithKline on the grounds that the plaintiffs cannot prove each class member was affected by the alleged scheme to maintain higher prices. The plaintiffs allege that GSK set out to delay the market date for a generic version of Wellbutrin SR by using "sham" patent litigation to tie up generic manufacturers in court and patent board proceedings.
4 minute read
March 22, 2010 |

Ex-GC Tries to Derail Atmel Settlement

Michael Ross, who was fired in a travel funds scandal and later blamed for backdating, is the lone holdout defendant in a derivatives case. He claims a Morrison & Foerster conflict should nix the deal.
3 minute read
July 22, 2008 |

Labaton's Bid to 'Usurp' Lead Status Rejected

For the second time in less than a week, class-action law firm Labaton Sucharow has been reprimanded for overreaching in its attempts to lead a major securities fraud action. Southern District Judge John E. Sprizzo on Friday denied the firm's motion to add claims to the massive 4-year-old class action In Re American International Group, finding that the proposed addition of "new and unrelated" claims would create an uncertifiable class while placing substantial additional burdens on the defendant.
4 minute read
March 16, 2009 |

MOVERS

Karen S. Haller has been promoted to vice president/general counsel and compliance officer of Southwest Gas Corp. in Las Vegas. Plus more law firm movers in this week's column.
4 minute read
In re UBS Securities Litigation, 07 Civ. 11225
Publication Date: 2011-09-14
Practice Area: Business Law
Industry:
Court: U.S. District Court, Southern District
Judge: District Judge Richard J. Sullivan
Attorneys:
For plaintiff: Plaintiffs are represented by Gregory M. Castaldo, Andrew L. Zivitz, Sharan Nirmul, Naumon A. Amjed, Jennifer L. Joost, and Richard A. Russo, Jr. of Barroway Topaz Kessler Meltzer & Check, LLP, 280 King of Prussia Rd., Radnor, PA 19087; Jay W. Eisenhofer, Geoffrey C. Jarvis, Charles T. Caliendo, Brenda F. Szydlo, and Natalia D. Williams of Grant & Eisenhofer P.A., 485 Lexington Avenue, 29th Floor, New York, NY 10017; Joseph F. Rice, William H. Narwold, Gregg S. Levin, Janles M. Hughes, and Badge Humphries of Motley Rice LLC, 28 Bridgeside Blvd., Mt. Pleasant, SC 29464; and Samuel H. Rudman and Robert M. Rothman of Robbins Geller Rudman & Dowd LLP, 58 South Service Road, Suite 200, Melville, NY 11747.
For defendant: Defendants are represented by Robert J. Giuffra, Jr., Maite Aquino, Suhana S. Han, and Matthew A. Schwartz of Sullivan & Cromwell LLP, 125 Broad Street, New York, NY 10004.
Case number: 07 Civ. 11225 (RJS)

Cite as: In re UBS Securities Litigation, 07 Civ. 11225, NYLJ 1202514324841, at *1 (SDNY, Decided September 13, 2011)District Judge Richard J. Sulliv

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