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July 28, 2011 |

Second Derivative Suit Stems From Phone Hacking Scandal

The News of the World phone hacking scandal has spawned a second derivative suit against its parent company, News Corp., in the Delaware Court of Chancery.
6 minute read
March 17, 2011 |

Fewer Securities Cases Settled Last Year, Survey Reports

The number of securities class action settlements plummeted to 86 last year, its lowest level in a decade, according to a new report issued by Cornerstone Research. The total settlement value also declined by about 18 percent to $3.1 billion in 2010 from $3.8 billion in 2009.
4 minute read
November 28, 2007 |

Defense Verdict for JDS in Securities Case

For the second time in five years, a securities case went to verdict in the Northern District, and with the same result. This time, the plaintiffs had sought to recover up to $18 billion from a boom-era telecom high-flyer.
3 minute read
January 07, 2009 |

Newsbriefs

4 minute read
June 10, 2010 |

Delay in Class Counsel Choice in Toyota Case

A federal judge has delayed appointing the lead plaintiffs attorneys in the shareholder litigation against Toyota Motor Corp. until the U.S. Supreme Court decides whether foreign purchasers of a company's U.S. stock have standing to sue in the United States.
3 minute read
October 11, 2010 |

Jury selected for BankAtlantic trial

A jury has been chosen to begin a shareholder class action trial this week in a case brought by investors against BankAtlantic Bancorp.
4 minute read
March 30, 2010 |

Justices Hostile to 'Foreign-Cubed' Securities 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.
4 minute read
October 05, 2009 |

THE 2009 PLAINTIFFS' HOT LIST

We asked our readers to nominate firms in the United States that did exemplary, cutting-edge work on the plaintiffs' side between the summer of 2008 and the summer of 2009. Firms needed at least one significant win and an impressive track record within the previous three to five years. We also looked for wins that could effect significant social change or civil rights gains. We looked for firms that struck us as representing the bar's best qualities and that demonstrated unusual flair and creativity.
3 minute read
March 23, 2009 |

Municipal Law

Jeffrey D. Friedlander, first assistant corporation counsel of the City of New York, examines the structure of the city's pension system, some of the issues that are being litigated, the role played by the New York City Law Department in the defense and administration of the system and, very importantly, the efforts to recover losses to the pension funds due to corporate fraud.
13 minute read
April 27, 2011 |

Judge tosses verdict against BankAtlantic Bancorp

U.S. District Judge Ursula Ungaro said the verdict against BankAtlantic Bancorp was inconsistent because the jury found statements by BankAtlantic Bancorp CEO Alan Levan were made in good faith.
5 minute read

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