Recent News

Settlement Alert: Bank of America

7/13/2016 - Pennsylvania Public School Employees’ Retirement System v. Bank of America Corp., et al., Civil Action No. 11-00733-WHP (S.D.N.Y.)

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BR&B Files Lawsuit in Connection with the Proposed Sale of Cape Bancorp, Inc. to OceanFirst Financial Corporation

3/28/2016 - Barrack, Rodos & Bacine announces that is has filed a lawsuit in the United States District Court for the District of New Jersey alleging violations of Section 14(a) of the Securities Exchange Act of 1934 (“Section 14(a)”) by Cape Bancorp, Inc. (“CBNJ”) and its board of directors in a proxy statement disseminated to shareholders in connection with the proposed sale of the Company to OceanFirst Financial Corporation (“OceanFirst”).  

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Court Denied Summary Judgment to Defendant Bank of New York Mellon; Grants Partial Summary Judgment in Favor of Bondholders

3/23/2016 - Judge Legrome D. Davis of the United States District Court for the Eastern District of Pennsylvania granted in part the plaintiff bondholders’ motion for summary judgment in Becker v. The Bank of New York Mellon Trust Company, N.A., et al., No. 11-6460 (E.D.

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BR&B Files Class Action Lawsuit Challenging the Acquisition of Checkpoint Systems, Inc. by CCL Industries, Inc.

3/10/2016 - Barrack, Rodos & Bacine announces that is has filed a class action lawsuit in the Court of Common Pleas for Philadelphia County on behalf of the public stockholders of Checkpoint Systems, Inc., against the company’s board of directors for breaches of fiduciary duty arising of the proposed sale of the company to CCL Industries, Inc.  The complaint alleges that the consideration offered to Checkpoint shareholders in connection with the proposed merger significantly undervalues Checkpoint.  Indeed, one of Checkpoint’s largest shareholders, North Star Partners LLC, sent the compan

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BR&B Files Class Action Lawsuit Against Fifth Street Finance Corp.

10/14/2015 - Barrack Rodos & Bacine announces that it has filed a class action lawsuit in the United States District Court for the District of Connecticut, Waters-Cottrell v. Fifth Street Finance Corp., et al., Civil Action No. 3:15-cv-01488, on behalf of purchasers of common stock of Fifth Street Finance Corp. (NASDAQ: FSC) (“FSC” or the “Company”) during the period from July 7, 2014 through and including February 6, 2015 (the “Class Period”).

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Delaware Enacts Legislation to Ban Fee Shifting and Enforce Delaware Forum Selection

7/2/2015 - In a major win for investors in public companies incorporated in Delaware, the Delaware General Assembly recently enacted a bill to ban fee-shifting provisions in Delaware corporation bylaws and charters.   The legislation, signed into law on June 24, 2015 by Governor Jack Markell and effective August 1, 2015, amends the Delaware General Corporation Law (the “DGCL”) and prohibits a Delaware corporation’s bylaws or certificate of incorporation from shifting legal fees to unsuccessful stockholders who sue a corporation or its directors or officers.  As a result of the legislati

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Court Allows Action Against DFC Global Corp. to Proceed

6/17/2015 - Judge Berle M Schiller of the United States District Court for the Eastern District of Pennsylvania has denied defendants’ motions to dismiss the Consolidated Class Action Complaint in In re DFC Global Corp. Securities Litigation, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12(a)(2) and 15 of the Securities Act of 1933.  Barrack Rodos & Bacine serves as co-lead counsel in the action, representing an institutional investor lead plaintiff group.

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Court Grants Final Approval to Record Settlement of AIG 2008 Securities Class Action

3/23/2015 - Barrack, Rodos & Bacine announces that on March 20, 2015, Judge Laura Taylor Swain of the United States District Court for the Southern District of New York granted final approval of the $970.5 million settlement resolving American International Group, Inc.

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Settlement Alert: OmniVision Technologies, Inc.

3/18/2015 - On December 30, 2014, the parties in the consolidated class action lawsuit brought on behalf of the public stockholders of OmniVision Technologies, Inc.

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BR&B Files Class Action Lawsuit Against Orexigen Therapeutics, Inc.

3/12/2015 - Barrack, Rodos & Bacine announces that it has filed a class action lawsuit in the United States District Court for the Southern District of California on behalf of purchasers of Orexigen Therapeutics, Inc. ("Orexigen") (OREX) common stock during the period between March 3, 2015 and March 5, 2015, inclusive (the "Class Period"). The Case is No. 15-cv-557-CAB-MDD.

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