NEW YORK - (Mealey's) Lead plaintiffs in a securities class action lawsuit against The Goldman Sachs Group Inc. and others have agreed to settle their claims for more than $26 million, according to court documents filed July 31 in a New York federal... Read More
BOSTON - Goodwin Procter LLP , a national Am Law 50 firm, has announced that Daniel J. Tyukody has joined the firm's Litigation Department in Los Angeles as a member of its Securities Litigation & White Collar Defense Practice. He will focus... Read More
HOUSTON - The complex commercial litigation law firm of Ahmad, Zavitsanos & Anaipakos has announced the addition of accomplished courtroom attorney Tim Shelby . Shelby has been recognized repeatedly as one of the top young lawyers in Texas, including... Read More
WASHINGTON, D.C. - International law firm Dechert LLP has announced that Glenn A. Fine has joined the firm as a partner in the White Collar and Securities Litigation Practice in Washington, D.C. Fine served as the inspector general for the U.S. Department... Read More
SEATTLE - Bracewell & Giuliani LLP has announced that Curt Roy Hineline , formerly co-chair of Dorsey & Whitney's securities litigation & enforcement practice and a member of its professional responsibility committee, has joined Bracewell's... Read More
The negotiated resolution of securities class action lawsuits - and absent dismissal, there is rarely any other types of securities suit resolution - is always complicated and occasionally messy, and often involves inefficiencies and sometimes produces... Read More
By Mark S. Thomas and Robert W. Shaw The U. S. Court of Appeals for the Second Circuit has affirmed the dismissal of a case brought against Morgan Stanley Investment Management Inc. ("Morgan Stanley") concerning certain investments in mortgage... Read More
This week SEC Enforcement continued to implement its new cooperation initiatives, moving forward from the spectacle of the Stanford testimony last week and the past. The Commission executed its first deferred prosecution agreement. The fact that it resolved... Read More
Filings Related to Mergers and Acquisitions and Chinese Reverse Mergers Decline Substantially; No New Credit Crisis-Related Class Actions Filed BOSTON - Federal securities fraud class action filing activity decreased sharply in 2012, according to Securities... Read More
In a settlement that involves a company with significant Chinese operations -- and that also may represent something of a template for the settlement of FCPA enforcement follow-on civil lawsuits -- SciClone Pharmaceuticals and the individual defendant... Read More
NEW YORK — (Mealey’s) A federal judge in New York on August 20 granted final approval of a securities class action settlement between investors and Citigroup Inc. and others, ruling that the terms of the settlement meet the statutory guidelines... Read More
In last week's Advisen webinar on 2012 D&O claims trends, one of the audience questions related to the growth and relevance of litigation funding in the U.S. In responding to the question I noted, among other things, the rise of litigation funding... Read More
SAN FRANCISCO - (Mealey's) Ruling that a federal district court erred in granting Apollo Group Inc. judgment as a matter of law, a Ninth Circuit U.S. Court of Appeals panel on June 23 reversed the district court's ruling and remanded with instructions... Read More
The Commission prevailed in a dispute challenging its conflict minerals rules brought by business groups, a seemingly rare event in view of recent rulings against the agency by the D.C. Circuit on such issues. The rules were those enacted under Section... Read More
NEW YORK - (Mealey's) Shareholders and defendants in a securities class action lawsuit against a chemical company, certain of its officers and directors and others have agreed to a $37 million settlement of all federal securities law claims, according... Read More