Recent News

Ninth Circuit Reinstates Jury Verdict for Apollo Investors

6/23/2010 - In a press release issued today, Barrack, Rodos & Bacine, counsel for lead plaintiff the Policemen’s Annuity and Benefit Fund of Chicago ("PABF") and lead counsel for the class, announced that the United States Circuit Court of Appeals for the Ninth Circuit has ordered the reinstatement of the jury verdict entered on January 16, 2008, in favor of a class of investors who purchased common stock of Apollo Group, Inc. The jury verdict had been entered against Apollo, the parent company of the University of Phoenix, and two former Apollo executives, based on claims that they fraudulent

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Leonard Barrack Presents at European Fund Conference

6/9/2010 - Leonard Barrack, Senior Founding Partner of Barrack, Rodos & Bacine, will be speaking at the 2nd Annual Transatlantic Conference in Brussels, Belgium on Thursday, June 10, 2010. Representatives of various collectively managed pension funds from across Europe and North America will gather to listen to instructive discussions on important issues facing global pension fund managers.

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Settlement Approved in Pepsi Bottling Cos. Takeover Lawsuits

6/1/2010 - On June 1, 2010, Vice Chancellor Strine of the Delaware Court of Chancery granted final approval of a settlement of cases brought by shareholders of Pepsi Bottling Group (“PBG”) and PepsiAmericas, Inc. (“PAS”), challenging the offers made in April 2009 by PepsiCo, Inc. to acquire its two primary bottling companies.  Barrack, Rodos & Bacine had filed the first case challenging the proposed takeovers with a complaint for BR&B client IBEW Local 98, which was thereafter appointed by the court to serve as a lead plaintiff in the cases brought on behalf of PBG shareholders.

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BR&B Partners Are Named PA Super Lawyers

6/1/2010 - Law and Politics, which publishes the annual Pennslyvania Super Lawyers magazine, has named five Barrack, Rodos & Bacine attorneys to its prestigious Super Lawyers list for 2010. Senior Founding Partner Leonard Barrack, along with partners Jeffrey W. Golan and Mark R. Rosen were all recognized for outstanding professional achievement in securities litigation.

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Delaware Supreme Court Affirms Settlement of Bank of America / Countrywide Merger Litigation

5/21/2010 - On May 21, 2010, Chief Justice Steele of the Delaware Supreme Court issued an opinion affirming the approval by Vice Chancellor Noble, of the Delaware Court of Chancery, of a settlement reached by BR&B in litigation relating to the acquisition of Countrywide Financial Corporation by Bank of America.

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BR&B Moves for Third Distribution in Cendant Corp. Litigation

4/1/2010 - On April 1, 2010, co-lead counsel Barrack, Rodos & Bacine, moved, on behalf of co-lead plaintiffs the New York State Common Retirement Fund, the California Public Employees' Retirement System and the New York City Pension Funds, for an order authorizing a third distribution of the remaining Net Settlement Fund.

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Barrack, Rodos & Bacine Announces Proposed Settlement of Stone Energy Derivative Litigation

2/18/2010 - Barrack, Rodos & Bacine, co-lead counsel for plaintiffs in the derivative action brought by shareholders of Stone Energy Corporation, is pleased to announce that the United States District Court for the Western District of Louisiana has granted preliminary approval to a proposed settlement of the action. The Court has scheduled a hearing for March 23, 2010 at 1:30 p.m. in Lafayette, Louisiana to determine whether to grant final approval of the proposed settlement.

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$165 Million Settlement in Schering-Plough Securities Litigation Wins Final Approval

12/31/2009 - On December 31, 2009, the Honorable Katharine S. Hayden of the United States District Court for the District of New Jersey granted final approval to a proposed $165 million settlement in a securities class action against Schering-Plough Corp. (recently acquired by Merck & Co., Inc.). Barrack, Rodos & Bacine represented the lead plaintiff, the Florida State Board of Administration, who brought the case on behalf of purchasers of Schering-Plough stock during the period from May 9, 2000 through February 15, 2001.

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U.S. District Judge O’Grady Grants Final Approval of Landmark Settlements in In re Mills Corporation Securities Litigation

12/23/2009 - On December 23, 2009, the Honorable Liam O’Grady of the United States District Court for the Eastern District of Virginia granted final approval of three settlements collectively constituting a $202.75 million recovery for the benefit of the class in In re Mills Corporation Securities Litigation.

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Barrack, Rodos & Bacine Appointed to Florida State Board of Administration Litigation Pool

12/11/2009 - The Florida State Board of Administration announced that it has reappointed Barrack, Rodos & Bacine to the pool of law firms available to represent the agency in lawsuits involving securities matters. The SBA oversees the $113 billion Florida Retirement System and $23 billion in other funds. The SBA conducted a public selection process for the pool and received 31 applications. The SBA selected BR&B and several other firms to participate in the pool.

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