Recent News

BR&B Partner's Supreme Court Case Commentary Published by Law360

7/17/2017 - Law360 published an article by BR&B partner Mark R. Rosen on the U.S. Supreme Court’s decision in California Public Employees Retirement System v. ANZ Securities, Inc.  Mr. Rosen’s commentary responds to a Law360 article claiming that the decision is a “significant victory for securities class action defendants.”  As Mr.

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New York Supreme Court Allows Excessive Compensation Action to Proceed Against Regeneron Pharmaceuticals, Inc., Its Board and Executives

6/29/2017 - The Supreme Court of New York has found that an institutional investor's allegations against Regeneron’s board of directors for paying directors and officers grossly excessive compensation can go forward.  Specifically, Justice Saliann Scarpulla denied a motion to dismiss a stockholder derivative action against the board of directors, chief executive officer (“CEO”) and chief scientific officer (“CSO”) of Regeneron Pharmaceuticals, Inc., a New York corporation.

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Alert: U.S. Supreme Court Rules That the 3-Year Statute of Repose on Securities Act Claims Is Not Suspended by the Pendency of a Class Action

6/26/2017 - In an important opinion that will affect institutional investors, on June 26, 2017 the U.S. Supreme Court issued a 5-4 decision in California Public Employees’ Retirement System v.

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New Study Identifies Barrack, Rodos & Bacine Among the Top Plaintiffs' Securities Class Action Firms

6/12/2017 - A report issued by ISS Securities Class Action Services places Barrack, Rodos & Bacine among the most successful plaintiffs’ securities class action firms based on a report of the top 100 U.S. securities class action settlements of all time.

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Settlement Alert: In re DFC Global Corp. Securities Litigation

4/14/2017 - Lead Plaintiffs, the Arkansas Teacher Retirement System, Macomb County Employees Retirement System, and Laborers’ District Council and Contractors’ Pension Fund of Ohio, on behalf of themselves and the Class, have reached a proposed settlement of In re DFC Global Corp.

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Barrack, Rodos & Bacine Files Securities Class Action Lawsuit Against Roadrunner Transportation Systems, Inc. With Extended Class Period

3/31/2017 - Barrack, Rodos & Bacine has commenced a securities class action titled Public Employees’ Retirement System of Mississippi v. Roadrunner Transportation Systems, Inc., et al., No. 2:17-cv-00474 in the United States District Court for the Eastern District of Wisconsin.  The complaint alleges a class period from May 2, 2013 through January 30, 2017.  A copy of the complaint is available here.

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Settlement Alert: In re Checkpoint Systems

3/8/2017 - On April 29, 2016, the parties in the consolidated class action lawsuit brought on behalf of the public stockholders of Checkpoint Systems, Inc. (“Checkpoint"), currently pending before the Court of Common Pleas for Philadelphia County First Judicial District of Pennsylvania, entered into a proposed settlement of the action.  The lawsuit was brought against Checkpoint, its Board of Directors and CCL Industries, Inc.

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Court Grants Final Approval to Settlement of Individual and Derivative Action Against Flowserve Corporation and Its Directors

2/28/2017 - On February 28, 2017, Judge Katherine Polk Failla of the United States District Court for the Southern District of New York approved the settlement of Stein v. Freidery, et al., Civil Action No.

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Court Approves Initial Distribution of Net Settlement Fund in AIG 2008 Securities Litigation

1/30/2017 - On January 30, 2017, Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York granted the motion of Lead Plaintiff, the State of Michigan Retirement Systems (“State of Michigan”), to conduct an initial distribution of the net settlement fund in In re American International Group, Inc.

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The American Lawyer Names BR&B to the "Bad-Ass" Honor Roll of Securities Litigation Firms

1/26/2017 - Barrack, Rodos & Bacine received a “shout out” from The American Lawyer as a “bad-ass” securities litigation firm for trying class action cases against Apollo Group and against WorldCom’s auditor, Arthur Andersen.  The American Lawyer Litigation Daily said: "The firm was lead counsel in a suit against Apollo Group Inc., which operates the for-profit University of Phoenix. The case went to trial in November 2007. The jury awarded the plaintiffs damages of up to $5.55 for each share of common stock [the full amount sought at trial] ….

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