Recent News

Settlement Alert: In re Checkpoint Systems

3/8/2017 - On April 29, 2016, the parties in the consolidated class action lawsuit brought on behalf of the public stockholders of Checkpoint Systems, Inc. (“Checkpoint"), currently pending before the Court of Common Pleas for Philadelphia County First Judicial District of Pennsylvania, entered into a proposed settlement of the action.  The lawsuit was brought against Checkpoint, its Board of Directors and CCL Industries, Inc.

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Court Grants Final Approval to Settlement of Individual and Derivative Action Against Flowserve Corporation and Its Directors

2/28/2017 - On February 28, 2017, Judge Katherine Polk Failla of the United States District Court for the Southern District of New York approved the settlement of Stein v. Freidery, et al., Civil Action No.

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Court Approves Initial Distribution of Net Settlement Fund in AIG 2008 Securities Litigation

1/30/2017 - On January 30, 2017, Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York granted the motion of Lead Plaintiff, the State of Michigan Retirement Systems (“State of Michigan”), to conduct an initial distribution of the net settlement fund in In re American International Group, Inc.

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The American Lawyer Names BR&B to the "Bad-Ass" Honor Roll of Securities Litigation Firms

1/26/2017 - Barrack, Rodos & Bacine received a “shout out” from The American Lawyer as a “bad-ass” securities litigation firm for trying class action cases against Apollo Group and against WorldCom’s auditor, Arthur Andersen.  The American Lawyer Litigation Daily said: "The firm was lead counsel in a suit against Apollo Group Inc., which operates the for-profit University of Phoenix. The case went to trial in November 2007. The jury awarded the plaintiffs damages of up to $5.55 for each share of common stock [the full amount sought at trial] ….

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Alert: U.S. Supreme Court to Consider Statute of Repose Issue in Securities Litigation

1/18/2017 - The U.S. Supreme Court has agreed to review a July 2016 decision by the U.S.

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Court Approves Settlement of Google Play Gift Card Litigation

1/11/2017 - Lead plaintiffs Lorena Hernandez and Malynda Hernandez, and their counsel, Barrack, Rodos & Bacine announce that on January 11, 2017, the Honorable Brian C. Walsh of the Superior Court of California, County of Santa Clara, granted final approval of a settlement of a consumer class action brought on behalf of purchasers of gift cards issued by Google, Inc.

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Court Approves $335 Million Settlement of Bank of America Securities Class Action

1/3/2017 - Court-appointed Lead Plaintiff, the Commonwealth of Pennsylvania Public School Employees’ Retirement System ("PSERS"), and its chosen Lead Counsel, Barrack, Rodos & Bacine, announce that on December 27, 2016, the Honorable Judge William H. Pauley, III, of the U.S.

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Court Certifies Class of Lower Buck Hospital Bondholders and Refuses to Reconsider Earlier Partial Summary Judgment Decision in Favor of Bondholders

10/13/2016 - In a pair of recent opinions in Becker v. The Bank of New York Mellon Trust Company, N.A., et al., Judge Legrome D. Davis of the United States District Court of the Eastern District of Pennsylvania, certified the proposed class and refused to revisit his March 2016 rulings on the parties’ competing motions for summary judgment. 

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Barrack, Rodos & Bacine Files Complaint Against Valeant Pharmaceuticals and Others for Violations of the Racketeer Influenced and Corrupt Organizations Act and the New York Consumer Protection Act

8/30/2016 - Barrack, Rodos & Bacine filed a complaint in the U.S. District Court for the Southern District of New York against Valeant Pharmaceuticals International Inc., Andrew Davenport, who had been chief executive of the specialty pharmacy Philidor RX Services LLC, and Matthew Davenport, who allegedly held himself out as Philidor’s CEO in documents filed with the California State Board of Pharmacy.

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