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Galleon Dismissed as Lead Plaintiff in Herley Industries Securities Class Action
Galleon dismissed and replaced as lead plaintiff.
Lead Plaintiff in Herley Industries: Galleon Management
Galleon Management had been recently affirmed as lead plaintiff in Herley case.
Court Consolidates Reserve Primary Cases, Names Bernstein Litowitz Lead Counsel
Court also appoints Third Avenue Institutional International Value Fund LP as lead plaintiff.
Mississippi PERS Named Co-Lead Plaintiff in Satyam Computer Case
Add yet another lead plaintiff appointment to the Public Employees’ Retirement System of Mississippi’s workload. Yesterday, Judge Barbara Jones of the U.S. District Court for the Southern District of New York appointed the fund co-lead plaintiff in the Satyam Computer Services Ltd. The case is at least the eleventh in which Mississippi PERS is now [...]
Labaton Sucharow Appointed Lead Counsel in Colonial BancGroup Case
Labaton Sucharow LLP has been appointed lead counsel in the securities class action against Colonial BancGroup. Myron H. Thompson of the Middle District of Alabama has also appointed State-Boston Retirement System, Norfolk County Retirement [...]
Court Appoints Co-Lead Plaintiffs and Counsel in RBS Securities Class Action
The court in the securities class action lawsuit against the Royal Bank of Scotland has named The Massachusetts Pension Reserves Investment Management Board (MassPRIM) and Mississippi Public Employees Retirement System (PERS) co-lead plaintiffs in the case, and the law firms of [...]
Contenders for Lead Plaintiff Role Emerge in Bank of America Securities Class Action
The contest to see which group and which law firm ends up representing the class in the securities class action filed against Bank of America is heating up. The American Lawyer reports that the two leading contenders for lead plaintiff appear to be either a combination of major California pension funds, CalPERS and CalSTERS; or [...]
State of Michigan Named Lead Plaintiff in AIG Securities Class Action
Michigan has been named the lead plaintiff in the securities class action lawsuit against American International Group Inc. The lawsuit alleges that AIG misrepresented the risks of its investments in credit default swaps. Legal Newsline reports that the State of Michigan Retirement Systems invested in AIG on behalf of more than 600,000 state employees and [...]
UK, Dutch Pension Funds Seek Lead Plaintiff Role in US Class Action Against RBS
Two UK pension funds — Merseyside Pension Fund and North Yorkshire Pension Fund — and the Dutch metalworkers fund have filed a motion to become lead plaintiffs in a securities class action against Royal Bank of Scotland (RBS) filed in the US. The funds have retained law firm Coughlin Stoia to pursue the complaint, and [...]
Political “Shoving Match” in North Carolina Rebuts Lead Plaintiff Presumption in Freddie Mac Case
On Monday, US Judge John F. Kennan of the SDNY appointed Central States, Southeast and Southwest
Areas Pension Fund as lead plaintiff and Coughlin Stoia as lead counsel in the securities class action against Freddie Mac pending in that court. Central States beat out the City of Austin Police Retirement System and Richard H. Moore, Treasurer [...]