Tag: Lead Counsel

Pension Funds Lead in Corporate Cases, Enhancing Big Fee Demands

“Pension funds are more likely to be clients because they are easily identifiable, sophisticated investors that the plaintiff’s bar can quickly contact and explain the theory of the case,” said Paul Weitzel, a University of Nebraska law professor. *** Institutional investors as plaintiffs “suggested that the cases were driven, rather than by plaintiffs’ lawyers seeking a fee, instead by institutions…

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Law firms waging fierce battle for lead role in shareholder lawsuit over Boeing 737 MAX – Reuters

Kahn Swick & Foti represents a Nevada family that claims to have invested $40 million in Boeing stock and lost nearly $5 million when Boeing’s share price fell by $34 billion within two weeks of the March 10 crash of an Ethiopian Airlines 737 MAX. Bernstein Litowitz Berger & Grossmann, for its part, says the family’s assertion is “implausible.” It…

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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 purchasers of Colonial’s securities between…

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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 appointments are to represent the…

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