0 results for 'Keller Rohrback'
New Derivative Deal Approved in Zoran Backdating Settlement
Lawyers in Zoran Corp.'s stock options backdating derivative litigation got preliminary approval Thursday for a resolution that would give the company about $3.4 million in cash to settle its allegations against the company's directors and officers. Northern District of California Judge William Alsup had previously rejected a settlement that would've given Zoran canceled stock options and some corporate governance reforms but handed the only cash -- $1.2 million -- to the plaintiffs lawyers.Heller Creditors Pick McGrane Firm for Big Suit
A proposed $1 million-plus contract with McGrane Greenfield goes before Bankruptcy Judge Dennis Montali next week. Creditors want the firm to recover money Heller Ehrman paid BofA and Citibank.Heller Creditors Pick 11-Lawyer McGrane Firm for Big Suit
San Francisco litigation firm McGrane Greenfield may be put in charge of one of the most important pieces of litigation in the Heller Ehrman bankruptcy. The unsecured creditors' committee has asked bankruptcy Judge Dennis Montali to approve the hire of McGrane Greenfield for a pending case against Bank of America and Citibank. Under the proposed contract, the 11-lawyer firm would be paid $1 million up front, plus a contingency fee worth 5 percent of the net benefit to the estate if they win, according to court filings on Monday.Marvell deal would have $16 million payday
Marvell Technology Group has reached a tentative deal to settle derivative litigation over alleged backdating, the Santa Clara, Calif., semiconductor company reported in a regulatory filing Friday. In exchange for dropping the suits, Marvell said it would agree to "corporate governance enhancements" and pay the plaintiffs lawyers up to $16 million -- a big haul for plaintiffs lawyers in a derivative case, several securities lawyers said.Alsup Rejects Easy Options Deals
Michael Torpey, the head of Orrick, Herrington & Sutcliffe's securities litigation practice, says Judge William Alsup's orders in two derivative cases may change how such suits are settled.Fights Over Pensions Grow, and Firms are Wading In
Employees who squirreled away portions of their paychecks for retirement only to have their plans for the future dashed by stock scandals and employer bankruptcies are boosting business for attorneys scuffling over who is to blame. The defendants are often huge publicly traded companies, either suffering or bankrupt. And whether the actions involve 401(k) plans or traditional pension plans, an increasing number of attorneys are working on cases where a company's retirement well is running low.Johnson & Johnson Wal-Mart baby bath products suit may proceed
A federal judge ruled that plaintiffs can pursue a class action suit alleging that Johnson & Johnson and Wal-Mart baby bath products are unfit for sale because they contain a banned chemical that could cause cancer.Marvell Deal Would Have $16M Payday
The proposed settlement for the backdating-based derivative suit against Marvell would feature corporate remedies and $16 million for the lawyers.State AI Legislation Is on the Move in 2024
Brought to you by LexisNexis®
Download Now
2024 ESI Risk Management & Litigation Readiness Report
Brought to you by Pagefreezer
Download Now
Creating a Culture of Compliance
Brought to you by Ironclad
Download Now
A Buyer's Guide to Law Firm Software
Brought to you by PracticePanther
Download Now