Recent News

Court Approves $335 Million Settlement of Bank of America Securities Class Action

1/3/2017 - Court-appointed Lead Plaintiff, the Commonwealth of Pennsylvania Public School Employees’ Retirement System ("PSERS"), and its chosen Lead Counsel, Barrack, Rodos & Bacine, announce that on December 27, 2016, the Honorable Judge William H. Pauley, III, of the U.S.

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Court Certifies Class of Lower Buck Hospital Bondholders and Refuses to Reconsider Earlier Partial Summary Judgment Decision in Favor of Bondholders

10/13/2016 - In a pair of recent opinions in Becker v. The Bank of New York Mellon Trust Company, N.A., et al., Judge Legrome D. Davis of the United States District Court of the Eastern District of Pennsylvania, certified the proposed class and refused to revisit his March 2016 rulings on the parties’ competing motions for summary judgment. 

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Barrack, Rodos & Bacine Files Complaint Against Valeant Pharmaceuticals and Others for Violations of the Racketeer Influenced and Corrupt Organizations Act and the New York Consumer Protection Act

8/30/2016 - Barrack, Rodos & Bacine filed a complaint in the U.S. District Court for the Southern District of New York against Valeant Pharmaceuticals International Inc., Andrew Davenport, who had been chief executive of the specialty pharmacy Philidor RX Services LLC, and Matthew Davenport, who allegedly held himself out as Philidor’s CEO in documents filed with the California State Board of Pharmacy.

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Court Appoints BR&B Clients and BR&B to Lead First NBC Bank Holding Company Securities Case

8/26/2016 - In a securities class action against First NBC Bank Holding Company and its senior executives, Judge Kurt D. Engelhardt of the U.S. District Court for the Eastern District of Louisiana appointed an Institutional Investor Group— consisting of BR&B client Oakland County Employees’ Retirement System and Voluntary Employees’ Benefit Association, Plymouth County Retirement System, and BR&B client Central Laborers’ Pension Fund— as the lead plaintiff and appointed BR&B as the sole lead counsel for the case.

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Delaware Chancery Court Allows Action Against Yahoo!, Inc., Its Board and Its Former Chief Operating Officer to Proceed

7/27/2016 - On July 27, 2016, the Delaware Chancery Court refused to dismiss a shareholder action against Yahoo!, Inc., its board of directors and its former chief operating officer.

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BR&B Files Lawsuit in Connection with Lions Gate Entertainment Corp.'s Proposed Acquisition of Starz

7/19/2016 - Barrack, Rodos & Bacine announces that it has filed a lawsuit in the Delaware Court of Chancery alleging that Lions Gate’s proposed acquisition of Starz has been orchestrated by John Malone, the billionaire titan and controller of Liberty Global Media, to ensure his profit and domination of both companies at the expense of Starz Series A shareholders.

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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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