This article presents the findings of a study of the resolution of motions to dismiss securities fraud lawsuits since the passage of the Private Securities Litigation Reform Act in 1995.These circuits are the leading circuits for the filing of securities class actions and are generally recognized as representing two ends...
The paper examines accounting issues in securities litigation realm in the light of recent developments in the financial sector. A recent Act defines ‘off balance sheet arrangements’ in a bid to address some of the issues. The Act brings to fore the activity of annual and quarterly disclosures for transparency...
It is in everyone's best interest that the D&O insurance marketplace functions as a viable source of protection. The intent of this paper is to explore some of the causes and the consequences of today's securities litigation trends, and how the D&O insurance industry has come to its current state....
It has been nearly six years since the passage of the Private Securities Litigation Reform Act ("Reform Act" or "PSLRA"). The Reform Act was passed with the intention that control over securities litigation be taken away from the lawyers and returned to the investors. Congress, in passing the Reform Act,...
The intent of this paper is to explore some of the causes and the consequences of today's securities litigation trends, and how the D&O insurance industry has come to its current state. It is also to outline solutions that the D&O industry needs to implement immediately in order to remain...
TAMPA, Fla. -- The litigation practice at Greenberg Traurig's Tampa office continues to expand. The international law firm announced the addition of two associates to the group, Richard J. Mockler and Don Crawford. The two will focus on working with clients in Florida on commercial, real estate, land use, environmental,...
Brower Piven, A Professional Corporationannounces that a class action lawsuit has been commenced in the UnitedStates District Court for the District of Central District of Californiaon behalf of purchasers of the common stock of MRV Communications, Inc.("MRV" or the "Company") (NASDAQ: MRVC) between March 31, 2003 through June5, 2008,...
Powder River Petroleum International Inc. (OTCBB: PWDR), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today received copies of a petition filed in Tulsa County, Oklahoma District Court, which alleges various securities and other violations against the Company and Brian Fox, President. The Court...
Brower Piven, A Professional Corporationannounces that a class action lawsuit has been commenced in the UnitedStates District Court for the District of South Carolina on behalf ofpurchasers of the common stock of Sonoco Products Co. ("Sonoco Products" orthe "Company") (NYSE: SON) between February 7, 2007 and September 18, 2007,inclusive (the...
Brower Piven, A Professional Corporationannounces that a class action lawsuit has been commenced in the UnitedStates District Court for the District of Southern District of New York onbehalf of purchasers of the common stock of First American Corporation("First American" or the "Company") (NYSE: FAF) between April 26, 2006 andNovember 6,...
The Board of Directors of Landmark LandCompany, Inc. (PINKSHEETS: LLND) on July 14, 2008 declared a dividend of$.025 per share of the company's common stock to shareholders of record atthe close of business on August 22, 2008. The dividend payment shall bepayable on September 2, 2008. Landmark Land Company,...
LOS ANGELES -- Los Angeles-based law firm Rutter Hobbs & Davidoff Incorporated announced the addition of attorneys Paul N. Tauger and Benjamin M. Alexander. Tauger previously worked with Bryan Cave LLP, while Alexander joins Rutter Hobbs & Davidoff from Richardson & Patel LLP after serving as vice president and general...
CINCINNATI, July 15, 2008 /PRNewswire-FirstCall/ -- The Procter & Gamble Company confirmed previously announced sales and earnings guidance for the April to June quarter of fiscal year 2007/08. The company continues to expect sales growth for the quarter of 8 percent to 10 percent, organic sales growth...
PORTLAND, Ore., July 14 /PRNewswire/ -- Pacific Rim and U.S. west coast corporate and litigation law firm Bullivant Houser Bailey PC and Lehman, Lee & Xu, a top-three China-licensed law firm, are pleased to announce their strategic alliance. The two firms will provide People's Republic of China ("PRC")...
WARSAW, Ind., July 14 /PRNewswire-FirstCall/ -- Zimmer Holdings, Inc. statement: A news story earlier this morning incorrectly stated that Zimmer's NexGenR knee implant had been recalled. In fact, the recall notification cited refers only to a surgical instrument used for minimally invasive surgeries MIS and...
Telos wins another round Defense contractor Telos Corp. was jubilant this spring, when it defeated a $79 million lawsuit challenging the actions of its board and management. It didn't have long to celebrate, though. One day after the April 15 ruling in Baltimore City Circuit Court,...
NEW YORK, July 14 /PRNewswire/ -- On June 24, 2008, Judge Laura Taylor Swain of the United States District Court for the Southern District of New York issued an order appointing Dr. Michael A. Passidomo lead plaintiff in the class action pending against Citigroup Inc. , Citigroup Global Markets,...
DALLAS -- Energy Finders, Inc., (OTC:EGYF) announced today that Randolph Hastings, after almost three years as President of Energy Finders, Inc., has resigned his position as of July 11, 2008. Mr. Hastings resigned for personal reasons. Energy Finders, Inc. appreciates Mr. Hastings' efforts with the Company and wishes him the...
A shareholder class action lawsuit has beenfiled in the United States District Court for the Central District ofCalifornia on behalf of purchasers of MRV Communications, Inc. ("MRV" orthe "Company") (NASDAQ: MRVC) common stock during the period between March31, 2003 and June 5, 2008 (the "Class Period"). The complaint charges...
A shareholder class action lawsuit has beenfiled in the United States District Court for the District of Massachusettsagainst State Street Corporation (NYSE: STT) and others on behalf ofpurchasers of the SSgA Yield Plus Fund (NASDAQ: SSYPX) (the "Yield PlusFund" or the "Fund") who purchased shares of the Fund within the...
