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It's unclear how large the damage award will be. One plaintiffs lawyer estimates it will be in the "tens of millions."
The state's pension funds are looking for a few good firms. And they want you to know exactly how they're doing it. Twelve plaintiffs firms are still in the running in advance of a key public hearing Wednesday. Nineteen are already out.
Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)
Notice to the bar.The proposed settlement comes two-and-a-half months after class counsel reached a $125 million proposed settlement with Satyam for alleged accounting fraud that earned the company the nickname, "India's Enron."
District Judge Shira A. ScheindlinDecided: June 18, 2010For Plaintiffs' Executive Committee:S
Former Atmel GC Escapes Derivative Suit Over Options Practices
Mike Ross, who had refused to settle and attempted to scuttle a deal other executives had made, won't pay any money to shareholders."When I first started doing this in 1983...I used to worry: Are there going to be enough cases?" Berger told the Litigation Daily. "But they've never gone out of style. Even with all the changes in the law, there are still plenty of cases, still plenty of wrongdoing out there."
100 Largest Law Firms Alphabetically
The following is a list of the 100 largest law firms in Pennsylvania sorted alphabetically as reported in the 2010 edition of PaLAW magazine.Judge Kevin Castel produced a 140-page opus in denying big chunks of the bank's motion to dismiss in August. So it's not a big surprise that he didn't look very kindly on BofA's request that he take another crack at it.
When Judge Denny Chin was elevated to the Second Circuit, Judge Kevin Castel volunteered to take over the BofA securities class action. Whatever happens before him, BofA and its lawyers at least know they won't be on the receiving end of angry orders from Judge Rakoff--an experience they're all too familiar with.
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