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July 07, 1999 |

3rd Circuit Revives Antitrust Suit By Beer Distributors Against Chain

The 3rd U.S. Circuit Court of Appeals has revived an antitrust suit brought by a group of "mom-and-pop" beer distributors in Pittsburgh, Pa. who say the owners of the Beer World chain of supermarket-sized stores engaged in illegal tactics in an attempt to establish monopoly power. But the court upheld the dismissal of civil RICO claims after finding that the plaintiffs' theory on that claim was fatally flawed.
6 minute read
January 16, 2002 |

Plaintiffs Unable to Prove Securities Fraud

IKON Office Solutions Inc. paid $111 million to settle a shareholders` suit that accused the company of overstating its income, but a federal appeals court has now ruled that the same investors don`t deserve a penny from the accounting firm of Ernst & Young because they simply have no evidence that its audit was performed recklessly.
7 minute read
Plaintiffs Pass Early Test In Subprime Litigation
Publication Date: 2008-09-08
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Plaintiffs Win Class Cert in Antitrust Case Against DuPont, Pigment Cos.
Publication Date: 2012-08-29
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When antitrust lawyer Joseph Saveri left Lieff Cabraser earlier this year to found his own small firm, he held onto a price-fixing case against a group of leading chemical companies. He must be glad he did, because the litigation has now survived a key test and is moving toward trial.

June 07, 1999 |

Vitamin Price Case: Not Your Father's Class Action

Among class action lawyers, it's axiomatic: When prosecutors indict, the lawsuits will follow. But the effort to prove a global conspiracy to fix the price of vitamins proceeded a bit differently. About 80 lawyers convened at the Mayflower Hotel on May 17. But they came to listen as lawyers from Boies & Schiller L.L.P. briefed them. Only until March, when Swiss vitamin-maker Lonza A.G. agreed to plead guilty to conspiracy charges did 36 other firms followed suit.
3 minute read
December 15, 1999 |

Claims Narrowed in Livent Suit

Deloitte & Touche won dismissal from a securities class action stemming from disclosures that Livent, the Canadian-based theatrical production company, used accounting artifices to overstate its income by more than $98 million (in Canadian dollars) over three years. A federal judge in New York similarly dismissed damage claims for securities fraud against three outside directors of Livent, but ruled the class action could proceed against four of the company's executives.
5 minute read
Merrill Quietly Agrees to Pay $550 Million to Settle Two Subprime Cases
Publication Date: 2009-01-26
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In what may be a sign of things to come in the subprime litigation, Merrill ponies up one of the 20 biggest securities class action settlements on record.

January 24, 2005 |

Reed Smith Disputes Growing-Pain Claims

In only a five-year span, Reed Smith has nearly doubled in size and profitability while making big splashes into the California and London markets with large mergers. The firm is now led by the dynamic Gregory Jordan, a 45-year-old Reed Smith lifer from the Pittsburgh home base who has accepted the mission of taking the firm to the next level.
9 minute read

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