Former U.S. District Judge Gerald Rosen, the Special Master appointed to investigate alleged improper billing by class plaintiffs’ firms in Arkansas Teacher Retirement System v. State Street Bank and Trust Company,...more
7/19/2018
/ Attorney's Fees ,
Breach of Duty ,
Class Action ,
Class Members ,
Disgorgement ,
Duty of Candor ,
Failure To Disclose ,
Fee-Sharing ,
FRCP 11 ,
FRCP 23 ,
Institutional Investors ,
Recusal ,
Rules of Professional Conduct ,
Securities and Exchange Commission (SEC) ,
Special Master
In a June 13, 2017, ruling on a motion for partial summary judgment in the Ocwen Financial Corp. Securities Litigation (the “Ocwen Litigation”), the United States District Court for the Southern District of Florida determined...more
6/30/2017
/ Breach of Duty ,
Class Action ,
Conflicts of Interest ,
Government Investigations ,
Judgment As A Matter Of Law ,
Misleading Statements ,
NYDFS ,
Ocwen ,
Partial Summary Judgments ,
Recusal ,
Rule 10(b) ,
Rule 10b-5 ,
Scienter ,
Securities Litigation
On May 9, 2017, the U.S. Court of Appeals for the Federal Circuit (“Federal Circuit”) affirmed in part and reversed in part an earlier decision from the U.S. Court of Federal Claims, which had held that aspects of the...more
5/24/2017
/ Acquisitions ,
AIG ,
Appeals ,
Bailout ,
Breach of Duty ,
Class Action ,
Court of Federal Claims ,
Derivative Suit ,
Equity Claims ,
Exactions ,
Fiduciary Duty ,
Fifth Amendment ,
Just Compensation ,
Loans ,
NYSE ,
Opt-In ,
Preferred Shares ,
Reverse Stock Splits ,
Shareholder Votes ,
Standing ,
Takings Clause