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Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)
Notice to the bar.AG Candidate Coffey, Former Class Action Lawyer, Promises to Be an 'Agent of Change'
Sean Coffey was a powerhouse among plaintiffs' securities lawyers, touted as the potential new king of securities class actions following the troubles at Milberg LLP and his securing $6.1 billion in recoveries for WorldCom investors.Former Class Action Lawyer Promises to Be an 'Agent of Change'
This week, the Law Journal takes an in-depth look at the personalities and platforms of the five Democrats running for attorney general, today concentrating on Sean Coffey. In a new feature on NYLJ.com, videos of the Law Journal's interviews with the candidates appear below.Laster Creates Formula for Attorney Fees in Shareholder Suits With No Monetary Reward
In a December decision, Delaware Chancery Court Vice Chancellor J. Travis Laster crafted a formula for evaluating attorney fees in shareholder suits where the plaintiffs successfully challenge a transaction's deal protection measures but receive no monetary reward.The auditors hoped to use to the Second Circuit's 2011 decision in Fait v. Regions Financial to escape securities claims related to the bankrupt oil shipping company Overseas Shipholding Group. A judge in New York wasn't having it.
Cite as: Litwin v. The Blackstone Group, L.P., 09-4426-cv, NYLJ 1202481597161, at *1 (2nd Cir., Decided February 10, 2011)Before: Miner, Cabranes, and Straub, C
Cite as: In re Gildan Activewear Inc., 08 Civ. 5048, NYLJ 1202472366534, at *1 (SDNY, Decided September 20, 2010)District Judge Harold Baerp class="decided
It's not clear how the Supreme Court's landmark Concepcion arbitration ruling might apply to shareholder litigation. The Carlyle Group and its lawyers at Simpson Thacher are ready to test whether a public company can ban shareholder class actions.
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