WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on March 22 unanimously affirmed that shareholders of a drug maker properly showed that the drug maker violated federal securities law by failing to disclose that one of its products caused adverse... Read More

NEW YORK - (Mealey's) In a motion made available on Dec. 5, lead plaintiffs in a securities class action lawsuit against Lehman Brothers Holdings Inc., certain of its formers officers and directors and others asked a federal judge in New York to approve... Read More

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Nov. 29 heard oral arguments in a shareholder derivative suit appeal seeking a determination of whether the two-year statute of limitations for bringing an action under Section 16(b) of the Securities... Read More

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Sept. 25 agreed to hear an appeal of a Second Circuit U.S. Court of Appeals ruling allowing the Securities and Exchange Commission to seek penalties against defendants for securities fraud for... Read More

WASHINGTON, D.C. — (Mealey’s) A dismissal of a lawsuit by a trial court and a statement that the case was terminated render the case appealable, Thomas C. Goldstein of Goldstein & Russell in Bethesda, Md., argued Dec. 9 before the U.S... Read More

NEW YORK - (Mealey's) The former independent outside auditor for The Bear Stearns Cos. Inc. agreed on Monday to pay nearly $20 million to settle shareholder claims that it failed to accurately monitor the financial giant's internal controls with... Read More

By Johannes K. Gabel , Manuela A. Siragy and Richard Werner Fagerer The Court of Appeals for the Second Circuit in its May 6 decision emphatically continued to interpret the Morrison v. National Australia Bank 1 doctrine broadly by confirming the District... Read More

RADNOR, Pa. — Leading class action and corporate governance law firm Barroway Topaz Kessler Meltzer & Check LLP has again been ranked among the nation's top five law firms of 2009 for highest investor recovery in securities class actions... Read More

WASHINGTON, D.C. – (AP) The Supreme Court indicated Monday it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian investors... Read More

LOS ANGELES — Baron & Budd P.C. attorneys, working with attorneys from Los Angeles-based Glancy Bingow & Goldberg LLC, New York securities law firm Labaton Sucharow LLP, Mobile, Ala.-based Vickers, Riis, Murray and Curran L.L.C. and Galveston... Read More

NEW YORK — Murray, Frank & Sailer LLP announced Feb. 18 that it has filed a class action complaint in the U.S. District Court for the Southern District of New York (No. 10 Civ. 1175) on behalf of all individuals and institutions who purchased... Read More

NEW YORK — Robbins Geller Rudman & Dowd LLP on April 26 announced that a class action has been commenced in the U.S. District Court for the Southern District of New York on behalf of purchasers of the common stock of Goldman Sachs Group Inc... Read More