Recent News

DATA BREACH ALERT: Barrack, Rodos & Bacine Encourages Anyone Who Received a Letter from TransUnion Regarding a Data Breach to Seek a Consultation with Our Attorneys

11/14/2022 - On Monday, November 7th, 2022, TransUnion filed a notice with the Massachusetts Attorney General regarding a data breach.  According to that letter, an unauthorized party gained access to sensitive personal consumer data, including names, addresses, driver’s license numbers, financial data, and Social Security numbers.

TransUnion has not issued a statement directly to the public about this event. Additional information about the breach–such as the number of affected individuals–is unavailable at this time.

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Barrack, Rodos & Bacine Continues Its Investigation of F45 Training Holdings Inc.

11/4/2022 - Barrack, Rodos & Bacine (BR&B) announces that it is continuing its investigation of F45 Training Holdings Inc. (“F45”) (NYSE: FXLV) for potential violations of federal securities laws.

F45 Training Holdings Inc., a Mark Wahlberg-backed fitness franchisor based in Texas, went public in July 2021, when it sold 18.75 million shares priced at $16 per share. The company reported results and issued guidance that was generally expected by the market for about a year after the IPO.

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Court Grants Class Certification in Energy Transfer Securities Fraud Case

8/23/2022 - After full briefing and oral argument, a Philadelphia federal court granted in major part the Lead Plaintiffs’ motion for class certification in the securities class action lawsuit against Energy Transfer LP, its CEO and three other senior executives.  The lawsuit alleges that the defendants made false statements to investors concerning two major pipeline construction projects in Pennsylvania. 

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District Court Grants Final Approval of $65.75 Million Settlement in Mallinckrodt plc Securities Class Action

8/2/2022 - On August 2, 2022, United States District Judge Dabney L. Friedrich of the District of Columbia granted final approval of the $65.75 million settlement of a securities class action lawsuit against drug maker Mallinckrodt plc, its CEO and former CFO.  The settlement was negotiated by Barrack, Rodos & Bacine on behalf of its client, the State Teachers Retirement System of Ohio (“STRS Ohio”).

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Settlement Alert: Mallinckrodt plc Securities Litigation

8/2/2022 - On August 2, 2022, United States District Judge Dabney L.

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BR&B Partner Explains What It Means To Be A "Philadelphia Lawyer"

7/21/2022 - The term “Philadelphia Lawyer” originated in the 18th century as a description of members of the Philadelphia bar, then widely considered the best trained in the American colonies and exceptionally skilled in the law and rhetoric.  Its first known usage dates back to 1788, when it was used to describe a Philadelphia-based lawyer named Andrew Hamilton, who is best known for his legal victory on behalf of printer and newspaper publisher John Peter Zenger. 

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

7/8/2022 - Barrack, Rodos & Bacine announces that it has filed a securities class action lawsuit on behalf of purchasers of Amazon.com Inc. common stock (NASDAQ:AMZN) from July 30, 2021 through April 28, 2022 (the "Class Period." Purchasers of Amazon shares who wish to serve as a Lead Plaintiff in this action are required to file a motion for appointment as Lead Plaintiff no later than September 6, 2022.

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Barrack, Rodos & Bacine Challenges JPMorgan Compensation Package

4/14/2022 - On April 14, 2022, Barrack, Rodos & Bacine filed a lawsuit against JPMorgan Chase & Co.,  its CEO Jamie Dimon, and its President Daniel Pinto, alleging that the company had violated the disclosure requirements of the federal securities laws when it granted huge special options awards to Dimon and Pinto in July and December 2021 without disclosing important information about how those awards were calculated.  According to the complaint, in JPMorgan’s April 4, 2022 Proxy Statement, the company revealed that, in July and December 2021, it had granted Dimon and Pinto “special”

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District Court Grants Preliminary Approval of $65.75 Million Settlement in Mallinckrodt plc Securities Class Action

4/7/2022 - On April 7, 2022, United States District Judge Dabney L. Friedrich of the District of Columbia granted preliminary approval of a $65.75 Million settlement of a securities class action lawsuit against drug maker Mallinckrodt plc, its CEO and former CFO, negotiated by Barrack, Rodos & Bacine, on behalf of its client, the State Teachers Retirement System of Ohio (“STRS Ohio”).

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BR&B Partner Appointed to Science Experts Subcommittee in CPAP Consumer Class Action

3/3/2022 - In early March, 2022, Barrack partner Stephen R. Basser was appointed to the plaintiffs’ “Science/Experts Sub-Committee” in the In re Philips Recalled CPAP, Bi-Level and Mechanical Ventilator Products Liability Litigation class action being litigated in the United States District Court for the Western District of Pennsylvania.

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