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January 13, 2009 |

Newsbriefs

5 minute read
October 14, 2010 |

BofA Loses Round Over Securities Class Action and Derivative Claims

Within two weeks of Judge P. Kevin Castel's 140-page ruling on Bank of America's motion to dismiss a securities class action and derivative cases arising from BofA's 2008 merger with Merrill Lynch, the bank's lawyers at Wachtell and Cleary Gottlieb moved for leave to appeal the decision or, in the alternative, for reconsideration. On Friday, Castel disposed of the BofA motion in an opinion as terse as its predecessor was expansive. "Granting their motion would grind this action to a halt," he wrote in the five-page decision.
3 minute read
August 31, 2009 |

Plaintiffs' firms unite on shareholder rights

A rare joint letter to the SEC from a group of defense law firms over shareholder proxy access received an even rarer response from nine of the country's largest plaintiffs' law firms, including New York-based Labaton Sucharow and Bernstein Litowitz Berger & Grossmann. Their letter supported the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against the week before.
3 minute read
November 01, 2010 |

In state races, lawyers loom

Among the public, the battle for control of Congress has overshadowed some hard-fought races for governor, attorney general and other state offices. Not for lawyers. In this election, they have poured big campaign contributions into lower-level races, hoping to influence the levers of state government.
6 minute read
Wyly v. Weiss, 10-4785-cv
Publication Date: 2012-10-11
Practice Area: Appeals | Attorneys Fees | Business Law | Civil Practice | Legal Profession
Industry:
Court: U.S. Court of Appeals, Second Circuit
Judge: Before: Kearse, Cabranes, and Sack, C.JJ.
Attorneys:
For plaintiff: For Respondents-Appellants: William A. Brewer (Alexander D. Widell, on the brief), Bickel & Brewer, New York, NY.
For defendant: For Movants-Appellees: Gregory P. Joseph (Douglas J. Pepe and Jeffrey H. Zaiger, on the brief), Gregory P. Joseph Law Offices LLC, New York, NY; (Philip R. Forlenza and Benjamin S. Litman, on the brief), Patterson Belknap Webb & Tyler LLP, New York, NY; (Eric R. Levine, on the brief), Eiseman Levine Lehrhaupt & Kakoyiannis, P.C., New York, NY; (Robert J. Pariser, on the brief), Wilson Elser Moskowitz Edelman & Dicker LLP, New York, NY.
Case number: 10-4785-cv

Cite as: Wyly v. Weiss, 10-4785-cv, NYLJ 1202574549991, at *1 (2d Cir., Decided October 10, 2012)Before: Kearse, Cabranes, and Sack, C.JJ.p class="de

October 14, 2008 |

In re: Comverse Technology Inc. Derivative Litigation

Free With Registration: Stock Options Backdating Action Reinstated; Special Directors' Committee's 'Tepid' Response Faulted
17 minute read
November 01, 2007 |

Fees Total 17.9 Percent

A Manhattan federal judge has awarded three firms $17.9 million in legal fees following a $100 million class action settlement in a lawsuit brought by participants in AOL Time Warner's 401(k) defined contribution plans against the company.
2 minute read
October 26, 2007 |

Shell class action acquires Dutch accent

Sidney S. Liebesman knew he was a part of something unique. Liebesman, a partner in Wilmington, Del.'s Grant Eisenhofer, is co-lead counsel for about 50 European investors seeking damages arising from Royal Dutch Shell PLC's alleged overstatement of its oil and gas reserves by 5.8 billion barrels between 1997 and 2003.
4 minute read
June 10, 2010 |

Former Atmel GC Escapes Derivative Suit Over Options Practices

The former general counsel of Atmel Corp. has wrested a dismissal from a derivative suit over stock option backdating at the company. Mike Ross had threatened to blow up an earlier settlement between plaintiffs and the company in March, when he claimed that a conflict involving Atmel's law firm, Morrison & Foerster, tainted the $9.65 million deal. The derivative suit was filed against 25 Atmel executives, including Ross, on behalf of the company's shareholders.
2 minute read
October 04, 2010 |

THE PLAINTIFFS' HOT LIST

The fallout from the financial system collapse features prominently in this year's edition of our annual spotlight on firms who've done exemplary, cutting-edge work on the plaintiffs' side.
2 minute read

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