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District Judge Shira A. ScheindlinDecided: July 07, 2010For Plaintiffs' Executive Committee: Stanley D. Bernstein, Esq., Rebec
Consolidated Securities Class Action Complaint Filed Against BofA Over Merrill Merger Disclosures
Though the rejected Securities and Exchange Commission settlement with Bank of America for alleged disclosure deficiencies in BofA's merger with Merrill Lynch has been getting all the attention, the pending securities class action against the company could end up being more important -- at least in terms of BofA's liability. On Monday, the lead plaintiffs in the case -- an ad hoc group of public pension funds from Texas, Ohio, the Netherlands and Sweden -- filed their consolidated class action complaint against BofA.Ineligible In-House Counsel, Multijurisdictional Practitioners and Pro Hac Vice Attorneys
Notice to the bar.Key Ruling in BofA Securities Class Action Gives Plaintiffs Access to Treasure Trove of Documents
A federal judge has taken the unusual step of lifting a statutory discovery stay in a securities class action against Bank of America. His order gives plaintiffs access to the mountains of documents that BofA has given to other entities scrutinizing its acquisition of Merrill Lynch.Percent of Minority Attorneys (PA Only)
The following is a list of Pennsylvania law firms ranked by the percentage of minorities as reported in the 2010 edition of PaLAW magazine.Another plaintiffs firm league table, this time from Risk Metrics. And though for the first time in six years no plaintiffs firm cracked $1 billion in total settlement value, the 2008 results suggest that the giants of the bar aren't exactly going begging, either.
Plaintiffs Firms Show Support for SEC Shareholder Rights Proposal
A rare joint letter to the SEC from a group of defense law firms over shareholder proxy access is receiving an even rarer response from nine of the country's largest plaintiffs law firms. The letter supports the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against last week. If approved, public companies would be required to include in their proxy materials shareholder nominees for directors that could comprise up to a quarter of the board.Key Ruling in BofA Securities Class Action Gives Plaintiffs Access to Treasure Trove of Documents
On Tuesday, in a huge win for shareholders, a New York federal judge took the unusual step of lifting the statutory discovery stay in a securities class action suit against Bank of America. His order will give the plaintiffs access to the mountains of documents that BofA and related defendants have already turned over to Congress, the Securities and Exchange Commission, the New York attorney general and other government entities scrutinizing the bank's acquisition of Merrill Lynch.Trending Stories
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