Securities

Insurance

Consumer

Antitrust

Securities

Other

Press Room
	News
	Published Articles
	Multimedia

News

Supreme Court Issues Opinion on Extraterritorial Application of U.S. Securities Laws The Supreme Court issued its opinion today in Morrison v. National Australia Bank, No. 08-1191 (June 24, 2010), holding that “Section 10(b) applies only to transactions in securities listed on domestic exchanges and domestic transactions in other securities.” 06/24/10 RGRD Obtains Class Certification in UTStarcom and Novatel Securities Class Actions Robbins Geller Rudman & Dowd obtained class certification in two securities class action cases this week in UTStarcom and Novatel. 05/13/10 Robbins Geller Rudman & Dowd LLP named Top Firm for Total Settlement Value and Number of Settlements in 2009 by RiskMetrics For the third year in a row, RiskMetrics ranks Robbins Geller Rudman & Dowd LLP above all other plaintiff's firms for the number of securities class action settlements obtained for aggrieved shareholders. And, this year, RiskMetrics also ranked Robbins Geller Rudman & Dowd LLP first in settlement value. 04/15/10 Robbins Geller Rudman & Dowd LLP has 26% of settled securities cases from 2008-2009 - more than double that of the next closest law firm - according to Cornerstone Research Coughlin Stoia has 26% of settled securities cases from 2008-2009 - more than double that of the next closest law firm - according to Cornerstone Research 03/24/10 Coughlin Stoia to Get a New Firm Name as Partners Change Roles Securities plaintiffs attorney Patrick Coughlin will soon scale back his duties and take his name off the letterhead at San Diego-based Coughlin Stoia Geller Rudman & Robbins. At the same time, the 180-lawyer firm is promoting Michael Dowd to name partner 02/25/10 Top Securities Firm Elevates Michael J. Dowd to Name Partner SAN DIEGO, Feb 24, 2010 – Days after being named an “Attorney of the Year” by California Lawyer magazine, Michael J. Dowd has been added as a name partner at Coughlin Stoia Geller Rudman & Robbins LLP. 02/24/10 2010 Clay Award Winners SAN FRANCISCO, February 19 — California Lawyer magazine has named 44 attorneys around the state to receive the 14th annual California Lawyer Attorneys of the Year Awards. Their achievements had a significant impact in 2009, or their work is expected to have such an effect in the coming years. The awards recognize 27 accomplishments in 17 areas of legal practice. 02/19/10 Plaintiffs Securities Firms Of The Year Coughlin Stoia made Law360’s list of top securities firms of 2009 on the strength of its near $1 billion settlement with UnitedHealth Group Inc. over stock options backdating, a $109 million settlement with accounting giant Ernst & Young LLP, a $50 million settlement with TD Banknorth Inc. over its going-private merger and several key pharmaceutical litigations. 01/01/10 Under Attack, Credit Raters Turn to the First Amendment For two decades, the nation's top credit rating agencies have managed to fend off a crackdown from Washington by relying on a surprising ally - the First Amendment. 10/28/09 Mattel Lead Settlement Could Add Up to $50M-Plus SAN DIEGO (AP) -- Mattel Inc. and its Fisher-Price subsidiary have agreed to settle a consumer lawsuit for what could total more than $50 million over the 2007 recall of millions of toys made in China that were found to contain high levels of lead. 10/14/09 Top 100 Lawyers - Daily Journal The Daily Journal publishes its 12th annual listing of the most influential legal leaders in the state. 08/23/09 Dannon Settles Activia Yogurt Suit A big win. The agreement is a significant victory for Coughlin Stoia Geller Rudman & Robbins, the San Diego-based class action firm that once won a $7 billion lawsuit against Enron. The $35 million Activia settlement is the largest-ever for a suit alleging false advertising of a food product. 09/19/09 Moody’s, S&P Lose Free-Speech Bid to End Fraud Suit Sept. 3 (Bloomberg) -- A U.S. judge refused to dismiss a lawsuit against Moody’s Investors Service Inc. and Standard & Poor’s, rejecting arguments that investors can’t sue over deceptive ratings of private-placement notes because those opinions are protected by free-speech rights. 09/03/09 UnitedHealth $895 Million Backdating Accord Approved Aug. 11 (Bloomberg) -- UnitedHealth Group Inc., the largest U.S. health insurer, and investors won final court approval of the $895 million settlement of a lawsuit in which the company was accused of improperly backdating stock options. 08/11/09 Enron foe to aid in study of financial collapse Senate Majority Leader Harry Reid recently selected Georgiou and another Nevadan, Heather Murren, to serve on the 10-member Financial Crisis Inquiry Commission, which aims to investigate the financial implosion much as the 9/11 Commission reviewed all aspects of the terrorist attacks. 07/22/09 Jaffe et al. v. HSBC A rare jury trial in a securities class action has potentially left HSBC Holdings plc on the hook for more than $2 billion in damages. On May 7 a jury found it and three former officers of a mortgage lender it acquired in 2002 liable for securities fraud. 07/01/09 5th Circ. Revives Flowserve Investors' Fraud Claims Law360, New York (June 22, 2009) -- Faulting the lower court’s standard for loss causation, a federal appeals court has breathed new life into a putative class action alleging Flowserve Corp., as well as the company’s underwriters and auditors, defrauded investors with false financial reports. 06/22/09 11th Circuit Rejects Bids to Kill $445 Million Settlement of Suit Against HealthSouth The federal appeals court in Atlanta has rejected objections to the settlement of a securities fraud suit against HealthSouth. 06/18/09 F5 Investors Can Sue Without Board OK: Wash. Court Law360, New York (May 26, 2009) -- The Washington Supreme Court has thrown its support behind investors suing 17 current and former F5 Networks Inc. officials over an alleged options backdating scheme, ruling that the shareholders need not seek the approval of the technology company's board of directors under state corporate law before filing their federal suit. 05/26/09 A win for corporate honesty THE Washington Supreme Court's ruling in the F5 Networks Inc. case is a welcome step in ensuring ethical corporate behavior. 05/22/09 Coughlin Stoia Hails Jury Verdict in Household International Securities Class Action Trial "We are extremely proud of our trial team and pleased that defrauded shareholders have won this historic victory," said Coughlin Stoia partner Patrick Coughlin in a statement e-mailed to the Litigation Daily. "The jury’s verdict is a victory for the millions of Americans suffering as a result of deceptive predatory lending practices and a victory for all investors fighting for greater corporate transparency, honesty and integrity. The verdict is also a testament to our firm's willingness and ability to see a case through on behalf of our clients, despite facing adversaries with tremendous power and resources." 05/07/09 Court: Class Members Must Be Disclosed LOS ANGELES - In a published opinion that loosens limits on consumer class actions, an appellate court said Safeco Insurance Co. must disclose which customers it allegedly surcharged illegally several years ago. 05/05/09 Court restores $17 million verdict against American Family in car parts case A state appeals court this morning reinstated a $17 million jury verdict against American Family Mutual Insurance Co. in a class action lawsuit over aftermarket auto parts. 05/05/09 PRO-CON: Is rising tide of shareholder litigation against banks good or bad for consumers? Despite the flood of well-documented corporate misdeeds that have led to the worst recession of our lifetime, the powerful corporate immunity lobby still tries to prevent corporations and the executives who run them from being held accountable for their actions. 04/12/09 Corporate Defenders Want to Bar Consumers' Access to Justice A "poster child" for "ridiculous and truly abusive lawsuits" is how John Sullivan of the Civil Justice Association of California described the Benson v. Kwikset case in a Forum piece ("A Slow End to 'Kwikset'," March 25). 04/07/09 Settlement Reached In Dispute Over Contingent Commission Insurance Practices SAN JOSE, CALIF. – The parties to County of Santa Clara and the People of the State of California v. Driver Alliant Insurance Services, Inc., pending in the Superior Court of the State of California, County of Alameda before the Hon. Robert B. Freedman, today announced a settlement of their dispute over insurance business practices as they pertain to the brokerage of insurance policies purchased by California governmental entities. 01/09/09 The 2008 Plaintiffs' Hot List The seventh annual Plaintiffs' Hot List is our unscientific survey of the litigation scene since the summer of 2007. We asked our readers to nominate exemplary firms that devote at least half of their resources to plaintiffs' work, and which have achieved at least one significant win during that period. 10/06/08 Top 100 Lawyers - Daily Journal With over 200,000 attorneys in California, the Daily Journal named Coughlin Stoia's leaders as 2 of the top 100 in the state. 09/19/08 Sue Them, Jail Them, Make Them Pay for Meltdown As it stands, the rest of us will be paying much money over a long time for the greed and bad judgment of those who melted down the economy. Hundreds of billions of taxpayer dollars are propping up firms that a relative few money lenders and Wall Street wizards ruined. If that weren't enough, the crisis is shrinking the money that Americans diligently socked away for retirement, down payments on first homes, college for the kids or this winter's heating bill. We might as well have opened our windows and tossed out cash. 09/18/08 LITIGATOR OF THE WEEK: Patrick Coughlin In these early post-Lerach days, Coughlin Stoia is on an impressive run, capped by Monday's news that a Texas federal district court judge had approved attorneys' fees of $688 million in the Enron securities class action, in which plaintiffs counsel recovered a record-setting $7.2 billion for shareholders. 09/12/08 Former UnitedHealth CEO Settles Options Backdating Case When you're hot, you're hot. And right now, no one in the plaintiffs bar is hotter than Coughlin Stoia Geller Rudman & Robbins, which has already had a great week, month, and year. 09/11/08 Former CEO Coughs Up Record Payout The former CEO of one of the nation's largest health insurers agreed Wednesday to pay $30 million and to forfeit 3.7 million unexercised stock options in what likely marks the largest cash payout by an individual to settle securities fraud claims with shareholders. 09/11/08 Former UnitedHealth CEO settles options lawsuit Former UnitedHealth Group Chief Executive William McGuire will pay $30 million and return stock options representing more than 3 million shares to settle a class-action lawsuit. The litigation was led by the California Public Employee Retirement System, also known as CalPERS, and the parties involved had been preparing for a trial later this month in U.S. District Court in Minnesota. 09/10/08 Enron Payout Plan Approved Enron shareholders could start pocketing their part of $7.2 billion in settlements of massive federal civil litigation by year-end now that a judge has approved the distribution plan. 09/09/08 Billions to be Shared by Enron Shareholders Enron Corp. shareholders and investors will split about $7 billion from financial institutions accused of participating in the fraud that caused the once-mighty energy company to collapse. 09/09/08 Yogurt Company Target of Class Action and There Will Be Blood Los Angeles, CA: Extraordinary claims made by the Dannon company about the benefits of its probiotic yogurts are about to be tested in a class action law suit filed on behalf of consumers represented by attorney Tim Blood from Coughlin, Stoia, Geller, Rudman & Robbins 08/13/08 Lawyer Won Major Race, Insurance Cases James D. McNamara III, a rising young partner at San Diego's Coughlin Stoia Geller Rudman & Robbins, has died. He was 36 08/06/08 Coughlin Stoia attorney endows professorship to honor parents $250,000 gift from California Alumna creates Plant & Soil Science Professorship at OSU. 07/09/08 Coca-Cola Swallows Hard and Settles Fraud Lawsuit Coca-Cola agreed to settle a fraud lawsuit in which investors said they lost $1.75 billion after the world's largest soft-drink maker withheld information to boost its stock price. 07/04/08 CalPERS to collect in stock-option settlement Sure, the money's nice, but Wednesday's class action settlement between the California Public Employees' Retirement System and UnitedHealth Group Inc. did more than put a record $895 million dent in the wallet of the nation's No. 2 health insurer. 07/03/08 UnitedHealth Agrees To Pay $912 Million To Settle Suits In the largest settlement to emerge from an options-backdating case, UnitedHealth Group Inc. agreed to pay more than $900 million to resolve shareholder lawsuits. 07/03/08 CalPERS, UnitedHealth Group Reach $895 Million Settlement in Class-Action Case - Includes Landmark Corporate Governance Reforms The California Public Employees’ Retirement System (CalPERS) today announced a proposed $895 million settlement of a class-action lawsuit brought against UnitedHealth Group over its stock-option grant practices. 07/02/08 Retek - Notice of Pendency of Class Action 07/02/08 Leading Southern California Litigation Firms [Coughlin Stoia] appears glued to its successful trajectory.... Its program to recruit large pension funds as clients... remains robust. And the past 12 months have been nothing but stellar. 06/25/08 Restoration Hardware Coughlin Stoia Geller Rudman & Robbins LLP announces settlement agreement on behalf of shareholders of Restoration Hardware, Inc. 06/11/08 'David vs. Goliath': City Takes On BAE This is a story that might seem straight out of a James Bond movie. 06/10/08 Proposed Settlement with Makers of Tainted Pet Food The parties have reached a proposed settlement which provides for the payment of $24 million to pet owners in the United States and Canada. 05/28/08 Top Women Litigators Shortly after joining Coughlin Stoia Geller Rudman & Robbins in 2003, Anne L. Box took on a case that would consume her almost every waking moment for the next four years: representing victims of the giant Enron fraud fallout. 05/14/08 Shareholders latest to sue FedEx over drivers The lawsuit filed yesterday claims that since 2002 the members of the company's board of directors have been enriching themselves while knowingly violating the laws of at least six states by classifying drivers as independent contractors and possibly violating federal tax laws. 05/09/08 "Bear Sterns Backlash" - CNBC Patrick Coughlin Discusses Bear Sterns Shareholder Suit on CNBC's Power Lunch. 04/03/08 BP Shareholders Force Major Governance Reforms A coalition of shareholders have won major corporate governance improvements in the settlement of a shareholder action brought over the string of major safety environmental and operating disasters that have plagued BP. 03/26/08 Subprime Investor Losses: Coughlin Stoia Takes Action Investors have been feeling the pain of the enormous losses in mortgage-backed securities, many of which were heavily exposed to subprime mortgage defaults. 03/26/08 The Supreme Court Courting big business. 03/24/08 Settlement of BP plc Shareholder Derivative Litigation Settlement requires BP to adopt a number of corporate governance therapeutics designed to holistically increase transparency and accountability and strengthen the shareholder franchise. 03/05/08 Most Effective Laywers 2007, Daily Business Review, David J. George Winning one multimillion-dollar class action suit would be enough to make the year a success for almost any plaintiff attorney. 02/05/08 UC Reaches $11.5 Million Settlement with Goldman Sachs in Enron Securities Lawsuit The University of California announced that it has reached an $11.5 million settlement with Goldman, Sachs & Co. on behalf of investors who purchased the 7% Exchangeable Notes issued by Enron Corp. 02/05/08 S.D. Law Firm Forms Group to Undertake Patent Cases A San Diego law firm renowned for filing class-action shareholder lawsuits said yesterday that it has formed a new group that will specialize in the hugely lucrative field of patent litigation. 01/31/08 Coughlin Stoia Geller Rudman & Robbins Adds Premier IP Litigation Group Coughlin Stoia today announced the addition of a premier Intellectual Property Litigation Group. John C. Herman and Ryan K. Walsh will lead a team of IP litigators for Coughlin Stoia. 01/30/08 Dannon Yogurt Faces Lawsuit Over False Advertising The Dannon Company Inc. of White Plains is facing a potential class action lawsuit accusing the company of falsely claiming health benefits for its Activia and DanActive yogurt. 01/25/08 Supreme Court Missed a Chance to Protect Pension Funds, Investors Caveat emptor: n. The axiom or principle in commerce that the buyer alone is responsible for assessing the quality of a purchase before buying. 01/24/08 Dannon Sued Over Yogurt Health Claims The Dannon Company Inc. of White Plains is facing a potential class action lawsuit accusing the company of falsely claiming health benefits for its Activia and DanActive yogurt. 01/23/08 Dannon Sued Over 'Probiotic' Yogurt Claims A proposed class action filed on Wednesday in California accuses Dannon Co Inc of mounting a massive false advertising campaign. 01/23/08 Investors Lose Again, Thanks to Supreme Court: Susan Antilla The U.S. Supreme Court gave us more evidence earlier this week of what people in the stock market already knew: This is no time to be an investor. 01/18/08 Financial Forces Run Amok For about the last 30 years, our nation has been traveling the deregulation highway, a road with no rules or direction. 01/14/08 Record $600-Million Recovery Obtained in Cardinal Health Case A $600-million settlement for shareholders in the securities fraud class action against Ohio’s biggest drug distributor, Cardinal Health, Inc., was approved in October. 12/20/07 Merck Shareholders Win on Vioxx Appeal A shareholder suit arising out of the Vioxx debacle at Merck & Co., Inc. recently secured the go-ahead when an appellate court allowed the plaintiffs to replead their case. 12/20/07 Robert A.G. Monks - Standing Up to the Corpocracy Standing tall is a way of life for Robert A.G. Monks. 12/20/07 Credit Card Companies Refund Overseas Fees Robert Siegel gets the details from Bonny Sweeney, one of the lawyers who brought the case to court. She's a partner in the firm Coughlin, Stoia, Geller, Rudman and Robbins. 12/14/07 Direct General - Big Brother & The Holding Company The shareholders of Direct General Corp. receive welcome news when a federal judge approves the settlement of their class action suit. 12/20/07 This Suit Isn’t Going Back on the Rack A shareholder lawsuit alleging inventory shenanigans recently overcomes defendants’ challenges. 12/20/07 Arizona District Court Rules that “Tie Goes to the Plaintiff” in CSK Auto Litigation The court recently denied motions to dismiss the complaint filed by the Communications Workers of America Plan for Employees’ Pensions and Death Benefits against CSK Auto Corp. 12/20/07 Avon Pension Fund Appointed Lead Plaintiff in GlaxoSmithKline Class Action A UK pension fund was recently chosen to lead the GlaxoSmithKline PLC securities class action over a number of funds with larger losses. 12/20/07 Second Circuit Court Finds that Investors May Sue New York Stock Exchange for Failure to Enforce Market Integrity New York Stock Exchange, Inc. enjoys absolute immunity when it breaks its own rules – so long as it doesn’t talk about it. 12/20/07 Judge Considers Preliminary Approval of Plan to Distribute Funds from Enron Lawyers for the lead plaintiffs in a lawsuit that has recouped about $7.8 billion lost by Enron Corp. shareholders and investors asked a judge Friday to give preliminary approval of their plan to distribute the funds. 12/16/07 I-Team Sorts Out Unsafe Toys "I don't want to be the one to deliver an unsafe toy" 11/27/07 Investor Lawsuits Hit Wall Street" - CNBC As the write-downs on Wall Street pile up, so do the lawsuits. Nicole Deese, securities lawyer with Shutts & Bowen, and Patrick Coughlin, partner at Coughlin Stoia, discuss the issue. 11/12/07 Coughlin Firm Picks Six Partners in California (registration required) Coughlin Stoia Geller Rudman & Robbins announced Friday that the firm is promoting seven to partner, including six in its San Diego office, effective Jan. 1. 12/17/07 Lead for Tots Our regulatory "safety net" is broken. 11/09/07 China Blues "Merchants Have No Countries" - Thomas Jefferson 09/06/07 Our View on Protecting Shareholders: Must Fighting Bogus Lawsuits Mean Ignoring Blatant Fraud? Immunity for some in fraud cases leaves many investors vulnerable. 10/08/07 Second Betrayal White House undercuts Enron shareholders' efforts to pursue enablers of corporate fraud. From The Houston Chronicle 06/16/07 Subprime Meltdown The subprime meltdown threatens investors and borrowers, businesses and markets. 09/25/07 Former SEC Chairman Arthur Levitt Says Investor Lawsuits an Important Check on Corporate Misdeeds in a Recent Interview with Bloomberg’s Carol Massar View the video and transcript of the interview. 09/25/07 Investors’ Claims Against New York Stock Exchange Revived A U.S. appeals court recently issued an opinion in the In re NYSE Specialists Securities Litigation... 09/19/07 No Green Light for Mexican Trucks Health and safety risks are key issues, according to attorney Al Meyerhoff, Of Counsel to Coughlin Stoia, who has followed the program since its inception. 09/25/07 Investor and Consumer Advocates Stop Corporate-Backed Attempt to Limit Class Actions Corporate lobbying group forced to withdraw its initiative designed to severely restrict California class actions. 09/25/07 Civil Rights Leaders To Intel: Stop Your Attack On Californians’ Civil Rights Intel-Backed Ballot Measure Would Limit Class Action Lawsuits to End Racial and Other Discrimination. 08/16/07 Timothy G. Blood Consumer Attorney of the Year Finalist Timothy G. Blood, a leader in the firm’s consumer division, was recently selected by the Consumer Attorneys of California as a finalist for the prestigious Consumer Attorney of the Year Award. 09/25/07 The 'Stoneridge' Case (registration required) The underlying battle concerns whether investment banks and other third parties that work hand in glove with the WorldComs of the world can be brought to justice by their victims 09/24/07 Don't Make Investor Lawsuits Harder (registration required) For the good of investors, the Bush administration should stay on the sidelines in a securities fraud lawsuit 08/14/07 Barking After Corporate Thieves Aha! We have a dog in the fight.No, not the Michael Vick case. I'm referring to the Stoneridge/Enron lawsuit. 08/01/07 BP Investors Will Be First to Test New English Shareholder Rights Statutes Since 1843, nary a shareholder in an English company has made meaningful progress prosecuting corporate misconduct claims against the executives of U.K. companies. 07/15/07 Michelle Ciccarelli - Soft on Crime: Conservative Roots of Enron & the Corporate Wilding Presentation at the National Press Club, Washington DC, May 3, 2007 05/03/07 Outstanding Women: Bonny Sweeney Republished with permission from Competition Law 360 04/12/07 Blocking the Courthouse Door How the Republican Party and Its Corporate Allies Are Taking Away Your Right to Sue 03/30/07 AOL Shareholder Recoveries: Opting Out Goes Global As an alternative method to passive participation in a securities class action, the virtues of “opting out” and pursuing individual actions in certain circumstances have proven their worth 03/30/07 UK Opt-Out Investors Recover Ten Times More Than Time Warner Class Action Participants UK funds’ active involvement in the U.S. shareholders’ action boosted by NAPF policy paper released today 03/16/07 Free trade, with truly free people by Al Meyerhoff, reprinted from The Philadelphia Inquirer 03/12/07 UC reaches $72.5 million settlement with Andersen in Enron securities fraud 09/21/06 UC reaches $13.5 million settlement Kirkland & Ellis in Enron securities class action 09/21/06 Former Enron Chief Fastow Testimony Makes Clear that Enron's Banks Were the Real Masterminds Behind the Scheme to Defraud Investors 09/26/06 Has Corporate America No Shame? Or No Memory? By Ben Stein. 12/19/06 Settlement Reached with Farmers Insurance Group Over Inferior Replacement Car Parts Settlement will provide cash payments to customers of Farmers between June 15, 1996 and November 1, 2006 who were insured by Farmers Insurance Exchange, Mid-Century Insurance Company and other entities affiliated with Farmers. 12/19/06 Foreign Currency Conversion A nationwide settlement agreement has been reached in a consolidated federal class action lawsuit regarding how credit card companies calculate foreign transactions. 09/20/06 A Sure Bet Stock Option Repricing Creates Perfect Payday An investigation is currently underway regarding a widespread and flagrant corporate scandal that has defrauded corporations and their shareholders billions of dollars. 10/20/06 $6.6 Billion Added to Defrauded Enron Investors' Pot Total Recovery to Class Members Reaches $7.3 Billion In a major victory for shareholders, a federal judge gave final approval for three banks to pay $6.6 billion to settle plaintiff’s securities class action lawsuit over the banks’ alleged involvement in the Enron financial scandal. 10/22/06 CalPERS Leads Charge in Backdating Class Action The California Public Employees Retirement System (“CalPERS”), the largest U.S. public pension fund, was appointed lead plaintiff in the options backdating securities class action suit against UnitedHealth, Inc. on September 14. 10/20/06 The Numbers Game: Manipulation of Financial Reporting by Corporations and their Executives Why Accurate Financial Reporting Matters 04/10/06 Reforming the Reform Act? Chamber of Commerce Ready to Strike Out at Investors Ten years ago, certain business interests pushed mightily to curb what they viewed as “frivolous” securities fraud class actions. Now, instead of celebrating their victory, some of the same people who fought so hard for its passage are gearing up to make securities actions even harder for wronged investors to get to court. 04/10/06 Sunscreen Consumer Fraud Case False Claims by Seven Sunscreen Marketers Mislead Americans and Put Them at Risk. 03/31/06 Public Pension Fund Moves to Stop Million Dollar Payouts to Former Fannie Mae Executives Court Filing Seeks to Block Golden Parachutes for CEO Raines and CFO Howard. 01/19/05 Suit Filed Against Dell and Its Financial Arm Charging Widespread Bait-and-Switch Sales Suit claims PC maker and financial partner CIT Bank are systematically deceiving customers who buy Dell products. 02/18/05 Enron Investors Obtain Record-Breaking $7+ Billion Recovery A third large recovery in the last quarter was obtained in the Enron Corp. securities fraud class action with the announcement August 2 of a $2.4 billion agreement with Canadian Imperial Bank of Commerce (CIBC). 09/27/05 Plaintiffs’ Attorneys Aim to Alter Public Perception About Them and Their Work James McHugh decided to become an attorney because he wanted to become a prosecutor. “I wanted to put the bad guys away,” says the trial lawyer with The Beasley Firm in Philadelphia. But he couldn’t land a job at the US Attorney’s Office and was told that the next best thing was to become a plaintiffs’ attorney for a reputable law firm, which he did. 09/27/05 National Law Firm Files Suit In Federal Court On Behalf Of Nineteen Families Against New England Funeral Homes For Commingling Dead Bodies During Cremation National Law Firm Files Suit in Federal Court Against New England Funeral Homes for Commingling Dead Bodies During Cremation. 09/20/05 UC secures $2.4 billion settlement with CIBC in Enron fraud case The University of California has reached a third large settlement in the Enron Corp. securities fraud class action, with a US$2.4 billion agreement with Canadian Imperial Bank of Commerce (CIBC). 08/02/05 Supreme Court Issues Unanimous Ruling Protecting Investors’ Ability to Sue for Securities Fraud Ruling on ‘Loss Causation’ Affirms Investors' Rights to Damages. 04/19/05 Worker’s Pension Fund Files Shareholder Lawsuit Against Morgan Stanley Case Brought on Behalf of Company and Share Owners; Purcell, Crawford Got Huge Payoffs for Years of Mismanagement. 07/19/05 UC Secures $2.2 Billion Settlement with J. P. Morgan Chase in Enron Fraud Case The University of California has reached a second large settlement in less than a week in the Enron Corp. securities fraud class action, with a $2.2 billion agreement with J. P. Morgan Chase & Co. 06/14/05 AT&T Wireless’s Welcome Guide Ruled Not Part of Consumer Contract A Los Angeles court has ruled that AT&T Wireless Welcome Guide, which contains an arbitration clause, is not a part of the contract with consumers. 06/09/05 UC Reaches $2 Billion Settlement with Citigroup in Enron Securities Class Action The University of California today announced a $2 billion settlement with Citigroup in the Enron Corp. securities litigation. 06/10/05 Paul J. Geller Recognized by National Law Journal Paul J. Geller again named in National Law Journal's 40 Under 40 listing. 05/02/05 Central Laborers Achieve Historic Governance Reforms in Ashland Settlement A settlement providing for unprecedented corporate governance reforms was recently reached in a shareholder derivative action filed by the Central Laborers’ Pension Fund, against certain current and former Ashland Inc. directors and senior officers. 04/01/05 TXU Shareholders Recover $150 Million Lead plaintiffs reach a preliminary settlement of approximately $150 million in their securities fraud suit against TXU and secure a major overhaul of corporate governance. 03/29/05 SLUSA Holding Ground In State Court Congress passed the Securities Litigation Uniform Standards Act (SLUSA) in 1998 to close an alleged loophole. It has been the subject of increasing litigation. 03/28/05 California Court Gives Green Light to Suit against Yahoo, Google, Others for Alleged Illegal Involvement in Internet Gambling Ads Plaintiffs’ complaint, filed last August in California Superior Court in San Francisco, alleges that Yahoo, Google, Overture, Ask Jeeves, LookSmart, AltaVista, Terra Lycos, Jupiter, FindWhat, Kanoodle, Business.com, and Sex.Com all aided and abetted illegal gambling websites and violated California law. 06/03/05