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District Judge John. E. Sprizzo U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Appearances Sheryl Creed Maxfield First Assistant Attorney G
Circuit Revives Price-Fixing Action in Paper Products Case
Nearly three years after McDermott Will & Emery beat back an antitrust class action against international paper products giant Stora Enso North America, the plaintiffs' case is back on track.District Judge Gerard E. Lynch U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Benjamin D. Brown, Michael D. Hausfeld, Hilary K. Ratway, Seth R. Gassman, an
Argued May 22, 2001OPINION OF THE COURTMartin Deutch appeals from the District Court's judgment and orders approving the settlement of a securities fraud class action brought against Cendant Cor
Despite Reform, Shareholder Suits Still Big in Philly
Securities-fraud litigators in Philadelphia are as busy as ever despite legislation designed to make it more difficult to accuse public companies of dishonesty. The constant level of activity reflects national figures showing that the number of stock-fraud lawsuits reached a record high last year. Class-action lawyers say that instead of slowing the pace, the 1995 law has caused plaintiffs to become more selective while allowing defendants to prevent more cases from proceeding past the filing stage.U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Fishbury, Limited Represented by the law firm of Zimmerman, Levi & Korsinsky, LLP Teachers' Retirement System of Ok
New Record for Bar Association Charity Run
A new record was set in the 28th annual Philadelphia Bar Association 5K Charity Run and Walk held Sunday, May 20. Michael Syrnick, a 21-year-old student at Pennsylvania State University, finished in 15:48, breaking James Osborne's 2002 record by 11 seconds.After Gibson Dunn knocked out a derivative suit over Allergan's Botox marketing six months ago, the company and its board hoped the litigation had been put to rest. But Vice Chancellor J. Travis Laster of the Delaware Court of Chancery dashed those hopes on Monday--in an decision that's sure to have lawyers in both the defense and plaintiffs bar gnashing their teeth.
Surprise Lead Plaintiff in Network Case
Three months ago, lawyers litigating the securities class action against Network Associates snickered at Robert Vatuone's application to serve as lead plaintiff in the suit. Vatuone was just a lone investor in the software maker who claimed he lost $30,000 due to Network Associates' alleged financial chicanery. But after a series of rulings by U.S. District Court Judge William Alsup and the surprising responses to those orders by institutional investors, Alsup designated Vatuone lead plaintiff.Creating a Culture of Compliance
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