Barrack, Rodos & Bacine served as sole Lead Counsel in the securities class action against Mallinckrodt PLC, representing the State Teachers Retirement System of Ohio (Ohio STRS) , which served as the Court-appointed Lead Plaintiff. After five years of litigation, the parties settled the case for $65.75 million, one of the largest settlements in a […]
Our firm served as a lead counsel representing the lead plaintiff, our client, the New York State Common Retirement Fund, through its sole trustee, the Comptroller of the State of New York, and a class of investors in the securities of WorldCom, Inc. in an action brought in 2002 shortly after the collapse of the […]
From 2000 to 2005, The Mills Corporation (“Mills”), an owner and developer of “shoppertainment” centers throughout the United States and in Europe, publicly reported the financial results of an apparently rapidly growing, highly-profitable company. Between 2000 and 2004, Mills’ publicly-reported net income increased nearly 700%, from $34.4 million to $232 million, and its Funds From […]
BR&B served as co-lead counsel representing the lead plaintiff, the New York State Common Retirement Fund, in this action against McKesson HBOC, Inc., a company formed in January 1999 as a result of a merger between McKesson, a pharmaceutical distributer, and HBO & Company, a health care information systems developer. Despite the tenuous connection between […]
Background Federal courts in the United States have been the predominant forum for securities litigation, given the rights afforded investors under the federal securities laws, the ability to bring cases as class actions and the availability of contingent fee arrangements. In recent years, however, attention has turned increasingly to other countries as possible forums for […]
On September 1, 2005, Novartis A.G. announced a proposed transaction to purchase all the outstanding shares of Chiron Corporation it did not already own for $40.00 per share. (At the time of the announcement, Novartis already owned about 42% of Chiron’s outstanding common stock.) In response, Chiron’s shareholders filed suits in California and Delaware challenging […]
Our firm served as one of two lead counsel for the class in In re Cendant Corporation Litigation, Master File No. 98-1664 (WHW), before the Honorable William H. Walls of the U.S. District Court for the District of New Jersey. We were retained by the two largest state pension funds and the largest municipal pension fund […]
BR&B acted as lead counsel for lead plaintiff the Policemen’s Annuity and Benefit Fund of Chicago (“PABF”) in In re Apollo Group, Inc. Securities Litigation, one of the rare securities class actions to be successfully tried to a jury verdict. Background Apollo Group, Inc., best known as the parent company of the University of Phoenix (“UOP”), […]
Barrack, Rodos & Bacine served as a Lead Counsel in the securities class action against American International Group, Inc., representing the State of Michigan Retirement Systems (“State of Michigan”), which served as the Court-appointed Lead Plaintiff. The Firm also represented additional named plaintiffs Maine Public Employees Retirement System and the Port Authority of Allegheny County […]
After full briefing and oral argument, a Philadelphia federal court granted in major part the Lead Plaintiffs’ motion for class certification in the securities class action lawsuit against Energy Transfer LP, its CEO and three other senior executives. The lawsuit alleges that the defendants made false statements to investors concerning two major pipeline construction projects […]
