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November 30, 2010 |

100 Largest Law Firms in Pennsylvania

The following is a list of the 100 largest law firms in Pennsylvania as reported in the 2010 edition of PaLAW magazine.
105 minute read
Judge Tosses Securities Class Action Jury Verdict Against BankAtlantic
Publication Date: 2011-04-26
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Six months after a jury hit BankAtlantic with a multi-million dollar award in the first securities class action to reach trial stemming from the financial meltdown, a federal judge ruled that the plaintiffs hadn't tied their losses to BankAtlantic's misstatements about its loan portfolio.

Answer in the Form of a Question: Who Is Richard Cordray, the Ohio AG (and Former Jeopardy! Champ) Who's All over the Latest Securities Litigation Headlines?
Publication Date: 2009-11-20
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With a new class action filing against the ratings agencies, Cordray is strengthening the case that he's the Midwest's answer to Andrew Cuomo.

Nine Big-Time Plaintiffs Firms Band Together to Support SEC Shareholder Proposal
Publication Date: 2009-08-26
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Last week, seven major defense firms sent an unusual joint letter to the SEC, opposing its proposal to permit shareholders to nominate corporate directors. Wednesday the securities class action plaintiffs bar shot back, in an almost unprecedented show of interfirm cooperation.

August 01, 2007 |

Eclipsys Stockholder Claims 20 Insiders Reaped Millions in Alleged Stock Options Scheme

A shareholder of Eclipsys Corp. is suing 20 of the company's past and current officers and directors for allegedly defrauding the company and its stockholders of millions of dollars on falsely backdated stock options. Shareholder Michael L. Hiers also alleges the defendants issued false financial reports, engaged in illegal insider trading and breached their fiduciary duties. He asks that the defendants be compelled to surrender their stock options, disgorge their illegal profits and pay damages.
6 minute read
Texas and Ohio Pension Funds Picked to Lead Class Action Against Bank of America
Publication Date: 2009-07-02
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Winners (and losers) have been revealed in the highly competitive contest to be named lead plaintiff and lead counsel for the consolidated securities class action against Bank of America over its ill-fated acquisition of Merrill Lynch.

After Protesting Atmel's Settlement of Backdating Derivative Case, Former GC Wins Dismissal from Suit
Publication Date: 2010-06-10
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Michael Ross had one of the bitterest splits with his former employer on record, suing the company for defamation after it blamed him for an options backdating scandal. When the company tried to settle a backdating derivative suit, Ross refused to go along and threatened to blow up the deal. The strategy worked: He's now out of the case.

November 30, 2010 |

Total Attorneys Worldwide

The following is a list of the 100 largest law firms in Pennsylvania ranked by the total number of attorneys in all offices worldwide as reported in the 2010 edition of PaLAW magazine.
18 minute read
In Re: Initial Public Offering Securities Litigation, 21 MC 92
Publication Date: 2010-06-30
Practice Area: Civil Practice
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Court: District Court, New York County
Judge: District Judge Shira A. Scheindlin
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For plaintiff: For Plaintiffs' Executive Committee: Stanley D. Bernstein, Esq., Rebecca M. Katz, Esq., Christian Siebott, Esq., Bernstein Liebhard LLP, New York, New York David Kessler, Esq., Barroway Topaz Kessler Meltzer & Check LLP, Radnor, Pennsylvania Howard B. Sirota, Esq., Sirota & Sirota LLP, New York, New York Robert A. Wallner, Esq., Ariana J. Tadler, Esq., Peter G.A. Safirstein, Esq., Neil Fraser, Esq., Milberg LLP, New York, New York Jules Brody, Esq., Stull, Stull & Brody LLP, New York, New York Fred Taylor Isquith, Esq., Thomas H. Burt, Esq., Wolf Haldenstein Adler Freeman & Herz LLP, New York, New York
For defendant: Liaison Counsel for Underwriter Defendants: Gandolfo V. DiBlasi, Esq., Penny Shane, Esq., David M.J. Rein, Esq., Richard J.L. Lamuscio, Esq., Sullivan and Cromwell LLP, New York, New York Liaison Counsel for Issuer Defendants: Jack C. Auspitz, Esq., Joel C. Haims, Esq., Hilary M. Williams, Esq., Angela T. Rella, Esq., Reema S. Abdelhamid, Esq., Morrison and Foerster LLP, New York, New York For the Greene Objectors: Leland L. Greene, Esq., Garden City, New York For the Siegel Objectors: Edward F. Siegel, Esq., Cleveland, Ohio For the Pentz Objectors: John J. Pentz, Esq., Class Action Fairness Group, Maynard, Massachusetts For the Weinstein Objectors: Jeffrey L. Weinstein, Esq., The Weinstein Law Firm, Athens, Texas For the Bechtold Objectors: Theodore A. Bechtold, Esq., Brooklyn, New York James J. Hayes (Pro Se), Annandale, Virgnia
Case number: 21 MC 92

District Judge Shira A. ScheindlinDecided: June 18, 2010For Plaintiffs' Executive Committee:S

Bear Stearns Securities Suit Survives Motion to Dismiss
Publication Date: 2011-01-24
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"The incantation of fraud-by-hindsight will not defeat an allegation of misrepresentations and omissions that were misleading and false at the time they were made," stated Manhattan federal district court judge Robert Sweet in a 398-page ruling.

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