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November 21, 2007 |

Apple Escapes Another Options Suit

For the second time this month, a judge tosses a backdating-fueled shareholder suit against the iPod giant.
2 minute read
July 22, 2008 |

Labaton's Newest Bid to Lead Major Securities Fraud Action 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. New York federal Judge John E. Sprizzo on Friday denied the firm's motion in the massive class action commonly referred to as AIG I that would have added the claims from a series of separate more recent suits collectively referred to as AIG II. Sprizzo called the firm's motion "a calculated attempt at judge shopping."
4 minute read
January 03, 2008 |

Wyly, petitioner-respondent v. Milberg Weiss Bershad & Schulman LLP, respondents-appellants

Investor�s Bid for Law Firms� Work Product Rejected; �Sage Realty� Inapplicable to Absent Class Members
12 minute read
September 07, 2009 |

Securities Brokers Settle Comp

Plaintiffs Sean Farhy, Andrew Haag and Michael Incitti were security brokers for Janney Montgomery Scott LLC, in Bala Cynwyd, Pa. While their positions allowed for them to be paid strictly on commissions, they were often obligated to work more than 40 hours per week, however, the plaintiffs alleged that they never received compensation for the overtime hours they worked.
2 minute read
August 07, 2008 |

Retirement Plan Suits Gain in Federal Appellate Courts

A recent 1st U.S. Circuit Court of Appeals decision allows former employees who have redeemed retirement accounts to sue the retirement plan administrators for alleged fiduciary breaches that diminished their account payout. The decision also opens the door for more Employee Retirement Income Security Act (ERISA) cases and echoes recent decisions from three other circuits.
3 minute read
February 08, 2010 |

Wanna Make a Deal? Well, These Folks Are Going to Make You Pay ...

Securities defense lawyers at large law firms are noticing an uptick in shareholder lawsuits over mergers and acquisitions. Kevin Muck, head of securities litigation at Fenwick & West, says 'it's a sign of the economy improving. As more companies do deals, these lawsuits follow, inevitably.'
4 minute read
January 06, 2010 |

Former Comverse Execs to Shell Out Millions in Backdating Settlement

Former Comverse Technology GC William Sorin, the first corporate executive to serve time for options-related crimes, must pay $1 million to partially fund a class action settlement stemming from alleged stock option backdating. The company's former CEO, Jacob "Kobi" Alexander, will also pay $60 million to Comverse as part of the settlement. In return, Comverse will drop its lawsuit against the former executives, and the executives will drop their countersuits against the company.
3 minute read
October 07, 2010 |

Fed. 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.
4 minute read
November 18, 2010 |

Federal Judge Certifies Flonase Antitrust Class Action

A federal judge has certified a class action antitrust suit against pharmaceuticals giant GlaxoSmithKline that accuses the company of using a series of illegal tactics to delay the approval of generic versions of Flonase, a popular allergy drug.
4 minute read

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