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‘Epic Failure’: After Six Years of Litigation, ‘Phantom’ Lead Plaintiff Dismissed From Case
“Phantom” lead plaintiff never actually purchased any of the securities at issue in the case.
New York Will Seek Lead Plaintiff Status in BP Securities Litigation
NY State Common Retirement Fund held 19 million shares of BP.
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 System, City of Brockton Retirement System, and Arkansas Teacher Retirement System as lead plaintiffs. The lead plaintiffs represent a class of [...]
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 Cohen Milstein Sellers & Toll, Wolf Popper and Labaton Sucharow as co-lead counsel. These [...]
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 [...]