0 results for 'Labaton Sucharow'
$125 Million Shareholder Settlement in New Century Financial Collapse
A federal judge in Los Angeles has granted preliminary approval of a $125 million shareholder settlement involving the former directors and officers of New Century Financial Corp., one of the first mortgage lenders to collapse during the credit crisis.After a hostile reception by the Justices at oral arguments, plaintiffs lawyers doubted the high court would endorse U.S. securities claims by foreign investors who bought shares of foreign companies on foreign exchanges. They just prayed the damage would be limited. Those hopes were dashed by the Court's unanimous ruling Thursday. We've got analysis from the lawyers who argued both sides at the Court.
Balancing Conscience, Confidentiality For Attorney Whistleblowers
Attorneys?in-house and outside counsel alike?often stand at the crossroads of corporate misconduct. At one time, an attorney's duty to maintain corporate clients' confidences was thought to be virtually absolute.Cite as: Cohen v. Viray, 08-3860-cv, NYLJ 1202472745889, at *1 (2d Cir, Decided September 30, 2010)Before: Hall, Livingston, and Chin,* C.JJ.p class="decid
A group of investors are hoping to persuade a Delaware Chancery Court judge to block BankAtlantic's proposed sale of $2.1 billion in loans and $3.3 billion in deposits to BB&T. The trial promises to be a big test for BankAtlantic counsel Eugene Stearns of Stearns Weaver Miller Weissler Alhadeff & Sitterson, who's also defending the bank against newly-filed SEC fraud charges.
Supreme Court Justices Hostile to 'Foreign-Cubed' Cases
U.S. Supreme Court justices appeared hostile on Monday toward so-called "foreign-cubed" securities fraud class actions in which the plaintiffs and stock issuers are foreign and the alleged fraud took place on foreign soil. International companies and foreign governments including France, the United Kingdom and Australia filed briefs in the case arguing against jurisdiction in the U.S. for such suits, expressing concern that U.S. courts will interfere with the policy choices they have made in regulating securities.Justices hostile to foreign-cubed cases
U.S. Supreme Court justices appeared hostile on Monday toward so-called "foreign-cubed" securities fraud class actions in which the plaintiffs and stock issuers are foreign and the alleged fraud took place on foreign soil.Solicitor General, SEC Urge Supreme Court Not to Take 'F-Cubed' Case
In June, when the U.S. Supreme Court asked Solicitor General Elena Kagan to weigh in on the 2nd Circuit's precedent-setting "F-cubed" ruling in Morrison v. National Australia Bank, it looked like the high court was getting securities litigation fever. Just days before, it had decided to take on Merck v. Reynolds, which raised the issue of how the statute of limitations should apply in shareholder cases. But in a brief filed Tuesday, the SG seems to be trying to cool the Court's ardor.Insights and Strategies for Effective Succession Planning in AM Law 100 Firms
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