Recent News

Court Preliminarily Approves $17.55 Million Fasteners Antitrust Litigation Settlement

10/25/2013 - A proposed settlement has been reached with William Prym Inc. and related entities, YKK Corporation and related entities, and Coats & Clark, Inc., and related entities, in the Fasteners Antitrust Litigation. 

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BR&B Appointed to Plaintiffs’ Steering Committee in Lithium Ion Batteries Antitrust Litigation

7/10/2013 - The Honorable Yvonne Gonzales Rogers appointed BR&B partner Jeffrey B. Gittleman to the Plaintiffs’ Steering Committee in In re Lithium Batteries Antitrust Litigation pending in the United States District Court for the Northern District of California.

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BR&B Lawyers Named to 2013 PA Super Lawyers List

5/16/2013 - Thomson Reuters, which publishes the annual Pennsylvania Super Lawyers magazine, has named several Barrack, Rodos & Bacine attorneys to its prestigious Super Lawyers list for 2013. 

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Court Allows Action Against OmniVision Technologies To Proceed

3/29/2013 - The Honorable Ronald M. Whyte of the United States District Court for the Northern District of California has denied the defendants’ motion to dismiss claims in In re Omnivision Technologies, Inc., Securities Litigation, C-11-5235 RMW, alleging violations of section 10(b) of the Securities Exchange Act of 1934. Barrack Rodos & Bacine serves as co-lead counsel in the action, representing an institutional investor lead plaintiff group.

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WorldCom Court Approves $38 Million Recovery from Andersen

12/14/2012 - More than seven years after In re WorldCom, Inc. Securities Litigation was settled for over $6.15 billion in 2004 and 2005, an additional $38 million recovery reached between the Lead Plaintiff and WorldCom’s former auditor Arthur Andersen was granted final approval by the Court on December 14, 2012.

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BR&B Files Class Action Lawsuit Against St. Jude Medical, Inc.

12/7/2012 - Barrack, Rodos & Bacine announces that it has filed a class action lawsuit in the United States District Court for the District of Minnesota, Freedman v. St. Jude Medical, Inc., et al., No. 12-03070-RHK-JJG, on behalf of purchasers of common stock of St. Jude Medical, Inc. (NYSE: STJ) during the period from October 17, 2012 through and including November 20, 2012 (the “Class Period”).

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BR&B Partner Jeff Golan Publishes Corporate Governance Article

11/26/2012 - ExecSense, the world’s largest publisher of professional webinars, eBook, eDocuments and podcasts, has published an article written by BR&B partner, Jeffrey W. Golan, entitled “Corporate Governance Tips for Independent Board Members.” The chapter draws on Jeff’s work and thoughts stemming from various firm cases, including WorldCom, Cendant, Allergan, Synthes and Nvidia, as well as other instances of failed corporate governance at the board level.

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BR&B Named to National Law Journal Plaintiffs’ Hot List

10/2/2012 - Barrack, Rodos & Bacine has been named to The National Law Journal’s Plaintiffs’ Hot List for 2012. The NLJ singled out BR&B’s successful trial against Apollo Group, Inc., noting that “the deal required tenacity and a trip to an appeals court.” As we have reported elsewhere, after a Phoenix federal jury in 2008 ruled in favor of the plaintiffs, awarding damages of up to $5.55 per share, the trial judge dismissed the verdict. The U.S. Court of Appeals for the Ninth Circuit, however, reinstated the jury verdict in 2010 and the U.S.

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Court Preliminarily Approves Additional WorldCom Settlement

10/2/2012 - U.S. District Judge Denise Cote has preliminarily approved an additional $38 million settlement in In re WorldCom, Inc. Securities Litigation. The WorldCom class action, in which BR&B served as co-lead counsel for Lead Plaintiff the Comptroller of the State of New York State as Trustee for the New York State Common Retirement Fund, was resolved by settlements in 2004 and 2005 with the various defendants in an aggregate settlement amount of approximately $6.15 billion.

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District Court Allows Claims Against Bank of America to Proceed

7/11/2012 - U.S. District Judge William H. Pauley, III, denied Bank of America Corporation’s motion to dismiss the claims in Pennsylvania Public School Employees’ Retirement System v. Bank of America Corporation that it had violated section 10(b) of the Securities Exchange Act of 1934. The court held that the consolidated complaint filed by the lead plaintiff, BR&B client Pennsylvania Public School Employees’ Retirement System, properly alleges that Bank of America purposefully concealed its reliance on Mortgage Electronic Registration Systems, Inc.

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