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Transatlantic merges with Allied World in $3.2 billion deal
Transatlantic Holdings Inc. and Switzerland's Allied World Assurance Company Holdings AG agreed to merge in a $3.2 billion deal that creates a reinsurer with operations in 18 countries.Securities Class Action Trials on the Rise Nationwide
In South Carolina, juries think investing in stock is like gambling and it's sinful, while in New York City, jurors are disappointed if lawyers don't rip up witnesses during questioning, but in Detroit they are more likely to hold the corporate top dog to account.Securities Class Action Trials on Rise
Settlements have been the norm since the passage of the Private Securities Litigation Reform Act of 1995. But as settlement amounts have grown, so has the defense's willingness to take these cases to court.Sidley may face liability in opt-outs
Sidley Austin is expected to pay $30 million to settle a class action next month filed by more than 200 investors who lost money on illegal tax shelters that the law firm approved.Securities Class Action Trials on the Rise
Since the passage of the Private Securities Litigation Reform Act of 1995, nearly every securities class action case has settled. But this year alone, six securities class actions have gone to trial, out of a total of nine such trials involving alleged misconduct after the law took effect. Two important factors behind this trend: The dollar size of settlements is growing, and lawyers have gotten much more sophisticated about honing their cases before mock juries.Securities class action trials on the rise
Since the passage of the Private Securities Litigation Reform Act of 1995, nearly every case has settled, and that's out of an average of about 190 filings a year. But this year, an unusual thing is happening.Sidley May Face Liability in Opt-Outs
Sidley Austin is already expected to pay $30 million to settle a class action over illegal tax shelters, but investors who opted out of the settlement may wring even more money from the firm.Sidley Could Face $100M Liability in Opt-Outs
Sidley Austin is expected to pay $30 million to settle a class action filed by more than 200 investors who lost money on illegal tax shelters that the law firm approved. But the nation's seventh-largest firm isn't out of the woods yet. Investors in about 55 cases have opted out of the settlement, which includes claims against KPMG, the accounting firm that sold the shelters. A lawyer who represents three such investors said liability costs associated with the opt-out cases could exceed $500 million.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
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Smith & Hassler
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