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March 23, 2009 |

Municipal Law

Jeffrey D. Friedlander, first assistant corporation counsel of the City of New York, examines the structure of the city's pension system, some of the issues that are being litigated, the role played by the New York City Law Department in the defense and administration of the system and, very importantly, the efforts to recover losses to the pension funds due to corporate fraud.
13 minute read
April 27, 2011 |

Judge tosses verdict against BankAtlantic Bancorp

U.S. District Judge Ursula Ungaro said the verdict against BankAtlantic Bancorp was inconsistent because the jury found statements by BankAtlantic Bancorp CEO Alan Levan were made in good faith.
5 minute read
Williamson v Culbro Corp. Pension Fund
Publication Date: 2007-06-19
Practice Area:
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Court: Appellate Division, 1st Dept
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Case number:

Mazzarelli, J.P., Andrias, Sullivan, McGuire, Malone, JJ. 9262 Index 100827/04 Richard A. Williamson, Esq., as Successor Liquidating Trustee of Lipper Convertibles,

September 01, 2009 |

Broadcom Stock Options Backdating Claims Settled for $118 Million

Insurance companies for Broadcom have agreed to pay $118 million to settle allegations of stock options backdating, in the second-largest such deal in a derivative action to date, according to plaintiffs counsel. The proposed deal involves several current and former officers and directors of Broadcom, including former general counsel David Dull. The defendants have denied wrongdoing under the proposed settlement, which, if approved, would stay shareholder claims in a related class action against Broadcom.
4 minute read
October 18, 2010 |

Former Countrywide Executives Settle SEC Charges as Trial Nears

Just days before trial was scheduled to open, Angelo Mozilo, the former chief executive officer and chairman of Countrywide Financial, once the nation's largest mortgage lender, has agreed to pay $67.5 million to settle claims by the SEC that he misled shareholders about the risks associated with his company's loans. Also settling were Countrywide's former president, David Sambol, who will pay more than $5.5 million, and Countrywide's former chief financial officer, Eric Sieracki, who will pay $130,000.
4 minute read
Stolt-Nielsen SA v. Animalfeeds International Corp., 06 Civ. 420
Publication Date: 2006-07-06
Practice Area: Alternative Dispute Resolution
Industry:
Court: U.S. Court of Appeals, Second Circuit
Judge: Jed Rakoff
Attorneys:
For plaintiff:
For defendant:
Case number: 06 Civ. 420

U.S. COURT OF APPEALS SECOND CIRCUIT Counsel for Petitioner, Francis A. Vasquez, Jr., Esq., Peter J. Carney, Esq., Eric Grannon, Esq., Kristen McAhern, Esq., White 7 Case LLP., At

November 28, 2007 |

JDS Uniphase Scores a Win in Securities Case

The first securities class action to go to verdict in the Northern District of California since 2002 ended with a defense verdict Tuesday -- just like the one in 2002. This time, JDS Uniphase and four of its executives snatched a complete win, ending plaintiffs' dreams of up to $18 billion in damages. Investors accused the JDS defendants of misrepresenting the true health of the telecom company in 2000 and 2001, resulting in an artificially inflated stock price.
3 minute read
January 27, 2011 |

Investors' Lawsuit Proceeds in Aftermath of Bear Stearns Collapse

A federal judge in Manhattan has given the go-ahead to proceed for one of the largest securities class action suits filed by investors in the wake of the credit crisis. In a 398-page opinion made public Friday, Southern District Judge Robert Sweet denied motions to dismiss the action against Bear Stearns, its outside auditor Deloitte & Touche, and seven individual defendants.
3 minute read
September 02, 2009 |

Broadcom Settles Shareholder Suit Over Stock Option Backdating for $118M

Broadcom Corp. has agreed to pay $118 million to settle allegations of stock options backdating, in one of the largest such deals in a derivative action to date.
4 minute read

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