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May 16, 2007 |

Tyco to Pay $3B Settlement in Shareholders Lawsuit

Tyco International said Tuesday it has agreed to pay about $3 billion to settle shareholder claims that arose after former CEO Dennis Kozlowski and other top officers were charged with looting the company and inflating its value. Investors were given the green light last summer to proceed with a consolidated class action lawsuit in federal court. Lawyers for the shareholders said it was the largest settlement ever by a single corporate defendant in a class action suit.
3 minute read
May 15, 2009 |

Mississippi's Satyam win boosts plaintiff role

Mississippi's pension system, the 65th largest in the U.S., has emerged as one of the nation's most aggressive institutional litigants against companies it says committed securities fraud. The Public Employees' Retirement System of Mississippi is involved in at least 21 active federal securities-fraud class actions.
7 minute read
July 01, 2010 |

An Industry in the Crosshairs

As Congress grapples with financial reform, the lawsuits keep coming.
11 minute read
February 11, 2010 |

PEOPLE IN THE NEWS

EventsThe Philadelphia Association of Defense Counsel will present a "legislative update" at 12:30 p.m. Feb. 16 at the Vesper Club, 223 South Sydenham St., Philadelphia.
3 minute read
February 21, 2007 |

$3 Million Verdict Reached In Hormone Therapy Case

A city jury has reached a $3 million compensatory damages verdict in the re-trial of the Philadelphia Complex Litigation Center�s first hormone therapy case.
5 minute read
October 09, 2009 |

Growth hasn't stalled for some midsize firms

4 minute read
December 28, 2007 |

Court Rejects Bid to Obtain Law Firms' Work Product

A Manhattan appeals court has rejected a billionaire investor's bid to obtain the work product of three plaintiff's firms, led by Milberg Weiss, which he claims settled a class action against software maker CA, Inc., for too little.
3 minute read
May 16, 2007 |

Schiffrin Barroway Helps Secure $2.9 Billion Settlement in Tyco Case

A nearly $3 billion settlement has been tentatively reached in the Tyco shareholder class action that began some five years ago after former CEO L. Dennis Kozlowski and other top corporate officers were accused of looting the company and inflating its value. The lawsuit alleged the company misrepresented the value of Tyco and companies it acquired under Kozlowski's leadership in a giant accounting fraud scheme, causing losses estimated at $1 billion to $2 billion.
4 minute read
October 11, 2012 |

Circuit Finds Issue Aired in U.S. Court Bars State Action

An award of fair and reasonable attorney fees in a securities class action against against Computer Associates International settled in 2003 precludes a subsequent malpractice case, the Second Circuit held yesterday.
5 minute read
May 15, 2007 |

Tyco Reaches Settlement With Shareholders for $3 Bil.

nearly $3 billion settlement has been tentatively reached in the Tyco shareholder class action that began some five years ago after former CEO L. Dennis Kozlowski and other top officers were accused of looting the company and inflating its value.
3 minute read

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