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December 26, 2013 | Inside Counsel

EA could face securities litigation action following problematic game release

Securities law firm Robbins Geller Rudman & Dowd LLP filed a complaint in U.S. district court that claimed EA and top EA executives knew about Battlefield 4's issues but willfully misled customers into purchasing the game anyway.
8 minute read
December 20, 2013 | Inside Counsel

6 of the strangest lawsuits making headlines

Racist intercom announcements, a wrong birth lawsuit and four more strange suits in the news
7 minute read
December 10, 2013 |

Massey Inks $265 Million Deal to End Investor Class Action

Cleary Gottlieb helped guide Massey Energy to the all-cash settlement with securities plaintiffs represented by Labaton Sucharow and Robbins Geller.
10 minute read
July 18, 2013 |

Judge OKs S&P Fraud Suit, Nixing 'Puffery' Defense

A federal judge in California allowed the government's potentially groundbreaking case to move forward, rejecting arguments by Cahill Gordon & Reindel and Keker & Van Nest that the DOJ can't hang its complaint against S&P on corporate statements about the integrity of the company's rating process.
9 minute read
July 17, 2013 |

Judge OKs S&P Fraud Suit, Nixing 'Puffery' Defense

A federal judge in California allowed the government's potentially groundbreaking case to move forward, rejecting arguments by Cahill Gordon & Reindel and Keker & Van Nest that the DOJ can't hang its complaint against S&P on corporate statements about the integrity of the company's rating process.
9 minute read
August 16, 2012 |

Circuit Ruling Moves Judge to Change Mind and Throw Out Lawsuit

If there were lingering doubts that the Second Circuit threw up a big obstacle for securities plaintiffs lawyers one year ago in 'Fait v. Regions Financial Corp.,' Southern District Judge Deborah Batts has helped put them to rest.
25 minute read
May 31, 2012 | Inside Counsel

Plaintiffs firms secure big settlements in securities class actions

2011 was a good year for plaintiffs firms that specialize in securities class actions.
7 minute read
June 17, 2008 |

Milberg Agrees to Pay $75 Million in Settlement Over Kickback Scheme

Federal prosecutors today reached a settlement with the Milberg law firm, four of whose former name partners pleaded guilty in the past year to criminal charges relating to the payment of kickbacks to individual plaintiffs in shareholder cases. The deal calls for the firm to pay $75 million in fines in exchange for the dropping of criminal charges. In a statement of facts accompanying the settlement agreement, Milberg admitted earning around $239 million in legal fees on cases where plaintiffs were paid.
28 minute read
March 21, 2008 |

Melvyn Weiss Agrees to Plead Guilty to Role in Kickback Scheme

Famed securities class action lawyer Melvyn I. Weiss agreed Thursday to plead guilty to a federal racketeering charge over his participation in a scheme to pay kickbacks to lead plaintiffs in shareholder suits. The agreement recommends a sentence of between 18 and 33 months in prison. He also agreed to pay $10 million in fines and forfeited fees. Coincidentally, a court ruled Thursday to disbar Steven Schulman, a former name partner of Weiss' old firm, which anounced it's changing its name to Milberg.
25 minute read
October 18, 2007 |

Bad Choices Dog Weiss in Milberg Probe

When its California operation split off in 2004, Milberg Weiss leaders had a choice: Break up their partnership and form a new firm, or continue as the same entity. A probe of the firm and its leaders seemed to focus on departing California partner William Lerach, and dissolving was expensive. So the New York firm's executive committee decided to keep the partnership intact, banking they'd be out of the investigation's shadow once the split was done. They made the wrong choice, and not for the last time.
43 minute read

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