News Archive — All

Court Upholds Securities Law Complaint Against Mallinckrodt plc and Its Senior Executives

7/30/2019 - On July 30, 2019, United States District Judge Dabney L. Friedrich of the District of Columbia substantially denied defendants’ motions to dismiss the Consolidated Class Action Complaint in Shenk, et al. v.

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Delaware Court Business Insider Publishes BR&B Attorney's Article About Director Compensation Decision

7/10/2019 - Delaware Court Business Insider published an article by BR&B associate Julie B. Palley about a recent Chancery Court decision reaffirming the standard that courts should employ when scrutinizing directors’ decisions on their own compensation.  The directors are required to justify those decisions under the “entire fairness standard.”  Stein v. Blankfein, No. 0354, 2017 (Del. Ch.

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Barrack, Rodos & Bacine Files Lead Plaintiff's Class Action Complaint Against Dentsply Sirona, Inc. and Certain Current and Former Officers and Directors

5/6/2019 - On May 6, 2019, Barrack, Rodos & Bacine, serving as lead counsel, filed a securities class action complaint of BR&B client, Strathclyde Pension Fund, the Court-appointed lead plaintiff, on behalf of a class of investors who either: (1) purchased or otherwise acquired the common stock of Dentsply International, Inc. (“Dentsply”) and its successor-in-interest Dentsply Sirona, Inc.

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Barrack, Rodos & Bacine Files Action Seeking Access to Ford Motor Company Internal Records on Racial Discrimination and Sexual Harassment

1/28/2019 - Barrack, Rodos and Bacine filed a books and records lawsuit in Delaware Chancery Court in order to investigate Ford Motor Company’s response to widespread claims of sexual harassment and racial discrimination at the company.  BR&B filed the action on behalf of investor Robert Freedman under Section 220 of Delaware’s General Corporation Law for the purpose of investigating potential mismanagement and lack of oversight by Ford's board of directors.  The action seeks information about the board’s actions - or lack of action - in response to repeated instances and findings of disc

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Court Allows Action Against Tokai Pharmaceuticals, Inc. and Underwriters to Proceed

1/8/2019 - On January 8, 2019, Judge Janet Sanders of the Superior Court of Suffolk County, Massachusetts denied defendants’ motions to dismiss the Consolidated Class Action Complaint in Wu v.

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Court Grants Final Approval to Settlement in Becker v. Bank of New York Mellon Class Action

12/21/2018 - On December 21, 2018, the Honorable Juan R. Sánchez, U.S. District Judge for the Eastern District of Pennsylvania, granted final approval to the proposed settlement reached by the parties in Becker v. Bank of New York Mellon, et al., Case No. 11-cv-06460-JS (E.D.

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Court Grants Final Approval of Settlement in Regeneron Pharmaceuticals, Inc. Derivative Actions

12/4/2018 - Justice Saliann Scarpulla of the New York Supreme Court granted final approval of the settlement of two shareholder derivative cases captioned Public Employees’ Retirement System of Mississippi v. Leonard S. Schleifer et al., Index No. 656813/2017 (N.Y. Co.) and Cement Masons Local 780 Pension Fund and City of Warren Police and Fire Retirement System v. Leonard S. Schleifer, et al., Index No. 654453/2015 (N.Y.

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Settlement Alert: Regeneron Pharmaceuticals, Inc. Derivative Action

10/10/2018 - Barrack, Rodos & Bacine announces a settlement of shareholder derivative actions pending in the New York Supreme Court. 

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Barrack, Rodos & Bacine Files Securities Class Action Lawsuit Against OPKO Health, Inc.

9/14/2018 - On September 14, 2018, Barrack, Rodos & Bacine filed a securities class action lawsuit on behalf of purchasers of the securities of OPKO Health, Inc. (NASDAQ: OPK) (“OPKO”) from September 26, 2013 through September 7, 2018, inclusive (the “Class Period”).  The complaint was filed in the United States District Court for the Southern District of Florida against OPKO, its Chairman of the Board and Chief Executive Officer, Phillip Frost, its current Chief Financial Officer, and a former Chief Financial Officer.  A copy of the complaint, docketed as Civil Action No.

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Court Grants Final Approval to Settlement in Green Mountain Coffee Roasters, Inc. Securities Class Action

10/22/2018 - On October 22, 2018, the Honorable William K. Sessions III, a U.S. District Judge for the District of Vermont, granted final approval to the proposed settlement that the lead plaintiffs and defendants had reached in Louisiana Municipal Police Employees’ Retirement System et al. v. Green Mountain Coffee Roasters, Inc., et al., No. 2:11-cv-00289-WKS (D.

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