Recent News

Court Grants Final Approval of Settlement in Regeneron Pharmaceuticals, Inc. Derivative Actions

12/4/2018 - Justice Saliann Scarpulla of the New York Supreme Court granted final approval of the settlement of two shareholder derivative cases captioned Public Employees’ Retirement System of Mississippi v. Leonard S. Schleifer et al., Index No. 656813/2017 (N.Y. Co.) and Cement Masons Local 780 Pension Fund and City of Warren Police and Fire Retirement System v. Leonard S. Schleifer, et al., Index No. 654453/2015 (N.Y.

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Settlement Alert: Regeneron Pharmaceuticals, Inc. Derivative Action

10/10/2018 - Barrack, Rodos & Bacine announces a settlement of shareholder derivative actions pending in the New York Supreme Court. 

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Barrack, Rodos & Bacine Files Securities Class Action Lawsuit Against OPKO Health, Inc.

9/14/2018 - On September 14, 2018, Barrack, Rodos & Bacine filed a securities class action lawsuit on behalf of purchasers of the securities of OPKO Health, Inc. (NASDAQ: OPK) (“OPKO”) from September 26, 2013 through September 7, 2018, inclusive (the “Class Period”).  The complaint was filed in the United States District Court for the Southern District of Florida against OPKO, its Chairman of the Board and Chief Executive Officer, Phillip Frost, its current Chief Financial Officer, and a former Chief Financial Officer.  A copy of the complaint, docketed as Civil Action No.

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Settlement Alert: Becker v. Bank of New York Mellon, et al.

7/6/2018 - Plaintiff, Leonard Becker, on behalf of himself and the Class, has reached a proposed Settlement of $13,500,000 in Becker v. Bank of New York Mellon, et al., Case No.

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Settlement Alert: Green Mountain Coffee Roasters, Inc.

7/6/2018 - On June 18, 2018,  the lead plaintiffs and defendants in Louisiana Municipal Police Employees’ Retirement System et al. v. Green Mountain Coffee Roasters, Inc., et al., No. 2:11-cv-00289-WKS (D.Vt.), entered into the Stipulation and Agreement of Settlement setting forth the terms and conditions of the proposed settlement of the action for $36.5 million in cash. The proposed settlement will resolve all claims of the class, which includes all persons and entities who purchased or acquired common stock issued by Green Mountain Coffee Roasters, Inc.

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Bondholder Class Action Against BNY Mellon Settled on Eve of Closing Arguments

4/19/2018 - On April 16, 2018, Barrack Rodos & Bacine began a trial before Judge Juan R. Sánchez in the United States District Court for the Eastern District of Pennsylvania in a class action lawsuit brought on behalf of former bondholders of Lower Bucks Hospital.  The lawsuit was brought against The Bank of New York Mellon Trust Co., N.A., and J.P.

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Barrack, Rodos & Bacine Files Securities Class Action Lawsuit Against WageWorks, Inc.

3/9/2018 - Barrack, Rodos & Bacine has commenced a securities class action lawsuit on behalf of purchasers of the securities of WageWorks, Inc. (NYSE: WAGE) ("WageWorks" or “WAGE”) from May 6, 2016 through March 1, 2018, inclusive (the "Class Period").  The complaint is styled Government Employees' Retirement System of the Virgin Islands v. WageWorks, Inc., et al., Case No.

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BR&B Works With New Mexico Attorney General Hector Balderas To Protect New Mexico Solar Power Consumers

3/8/2018 - New Mexico Attorney General Hector Balderas announced today that the Office of the Attorney General’s Consumer and Environmental Protection Division filed a complaint against Vivint Solar, Inc. and related companies (“Vivint”), asserting that Vivint is engaging in misleading, improper, and/or illegal marketing and business practices in connection with its sales of residential solar power purchase agreements and placement of solar equipment on the homes of consumers.  Attorney General Balderas commissioned Barrack, Rodos & Bacine attorneys Stephen R. Basser, Jeffrey A.

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Practice Note: SEC Issues Updated Guidance on Cybersecurity Disclosures by Public Companies

2/21/2018 - On February 21, 2018, the United States Securities and Exchange Commission (“SEC”) published Interpretive Release ("IR") 33-10459, which provides guidance on disclosures from public companies relating to cybersecurity risks and incidents.  The release emphasizes the important role played by a company's internal policies and procedures related to cybersecurity risks and incidents in satisfying the company's disclosure obligations.  The IR warns companies and their directors, officers, and other corporate insiders about trading in a company’s securities while in possession of non-pu

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Class Action Alert: Becker v. Bank of New York Mellon Notice of Pendency of Class Action

9/27/2017 - By Order dated September 14, 2017, the Court approved the proposed form, content, and manner of giving notice to potential class members that a Class had been certified in Becker v. The Bank of New York Mellon Trust Company, N.A., et al., Civil Action No. 11-cv-6460.  The “Notice of Pendency of Class Action” (the “Notice”), available here, describes the action and class members’ related rights in detail.  The “Class” is defined as:

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