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January 03, 2017 |

Judge Slashes $10M in Fees Over Barrack Rodos' Use of Temporary Associates

Criticizing a plaintiffs firm for hiring temporary associates for routine document review—but billing as if normal staff associates did the work—a New York federal judge has cut $10.3 million off a fee request in a settlement of a mortgage-backed securities case against Bank of America Corp.
15 minute read
January 03, 2017 |

Judge Slashes $10M in Fees Over Firm's Use of Temporary Associates

Criticizing a plaintiffs firm for hiring temporary associates for routine document review—but billing as if normal staff associates did the work—a New York federal judge has cut $10.3 million off a fee request in a settlement of a mortgage-backed securities case against Bank of America Corp.
15 minute read
January 03, 2017 |

Judge Slashes $10M in Fees Over Firm's Use of Temporary Associates

Criticizing a plaintiffs firm for hiring temporary associates for routine document review—but billing as if normal staff associates did the work—a New York federal judge has cut $10.3 million off a fee request in a settlement of a mortgage-backed securities case against Bank of America Corp.
14 minute read
July 13, 2016 |

Economic Factors Driving Increase in Nonlawyer Payment Inquiries

As evidenced by a recent Pennsylvania Superior Court ruling invalidating an alleged fee-splitting arrangement between a law firm and an outside consultant, questions about the proper way for attorneys to pay nonlawyers who help generate business still arise frequently.
13 minute read
Asbestos Workers Philadelphia Pension Fund v. Bell, 652020/13
Publication Date: 2016-04-06
Practice Area:
Industry:
Court: Appellate Division, First Department
Judge: Before: Friedman, J.P., Andrias, Gische, Kapnick, JJ.
Attorneys:
For plaintiff: For Appellant: Alexander Arnold Gershon of counsel, Barrack, Rodos, & Bacine, New York.
For defendant: For James A. Bell, Crandall C. Bowles, Stephen B. Burke, David M. Cote, James S. Crown, Ellen V. Futter, Laban P. Jackson, Jr., David C. Novak, Lee R. Raymond, and William C. Weldon, Respondents: Stuart J. Baskin of counsel, Shearman & Sterling LLP, New York. For James Dimon, Michael J. Cavanagh, Ina R. Drew and JPMorgan Chase & Company, Respondents: Gary W. Kubek of counsel, Debevoise & Plimpton LLP, New York.
Case number: 652020/13

Cite as: Pension Fund v. Bell, 652020/13, NYLJ 1202754109042, at *1 (App. Div., 1st, Decided March 31, 2016)CASE NAMEAsbestos Workers Philadelphia Pension Fund

April 05, 2016 |

Appellate Court Declines to Revive Two RMBS Cases

The First Department held that a plaintiff's failure to make a pre-suit demand of JPMorgan's board of directors doomed a derivative action brought by a pension fund that lost money on JPMorgan stock, and in a separate ruling, established an accrual date for common-law fraud and aiding and abetting claims brought against issuers of mortgage-backed securities.
7 minute read
January 27, 2016 |

They're Baa-aack: Securities Class Actions Jump

Securities class action filings last year hit the highest level since 2008, according to a new report. What's behind the numbers?
4 minute read
January 08, 2016 |

What Does Ascertainability Really Mean for Class Actions?

In Pennsylvania federal court, a recent spate of decisions on whether class actions could move forward have hinged on the factor of ascertainability, which at a minimum requires a showing that prospective class members are readily identifiable.
4 minute read
January 07, 2016 | Law.com

What Does Ascertainability Really Mean for Class Actions?

In Pennsylvania federal court, a recent spate of decisions on whether class actions could move forward have hinged on the factor of ascertainability, which at a minimum requires a showing that prospective class members are readily identifiable.
4 minute read
Shaev v. Adkerson, DeFAX Case No. D66716 (Del. Ch. Oct. 5, 2015) Noble, V.C. (34 pages).
Publication Date: 2015-11-05
Practice Area:
Industry:
Court: Delaware Court of Chancery
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number: D66716

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