- October 23, 2013
- October 8, 2013
On October 8, 2013, in Smilovits v. First Solar, Inc. (D. Ariz.), the Honorable David G. Campbell certified a class of investors who purchased or acquired First Solar’s publicly traded securities and appointed Robbins Geller Rudman & Dowd LLP Lead Counsel for the class.
- October 4, 2013
On October 4, 2013, U.S. District Judge Ronald A. Guzman in Chicago denied defendants’ last-gasp efforts for a new trial, and instead ordered Robbins Geller Rudman & Dowd LLP, as Lead Counsel, to submit a proposed final judgment within five days.
- RGRD Obtains Victory in Second Circuit on Behalf of Investors in Barclays Bank PLC Callable Dollar Preference SharesAugust 19, 2013
- Rolling Stone's Matt Taibbi Discusses Evidence of Rating Agency Wrongdoing Developed by Robbins Geller AttorneysJune 21, 2013
Ratings agencies are expected to provide solid guidance about investments. Rolling Stone's Matt Taibbi joins Chris Hayes to explain how newly revealed documents reveal corruption and dishonesty at the core of our financial industry.
- May 30, 2013
- May 30, 2013
- May 24, 2013
- Sixth Circuit Holds that Statements of Opinion Need Not be Knowingly False to be Actionably MisleadingMay 23, 2013
- May 8, 2013
As the Litigation Daily has chronicled over the years, the credit rating agencies have until recently enjoyed a rather charmed passage through our courts, with various judges deciding they deserve First Amendment protection against claims that they issued defective ratings.
- April 30, 2013
I want to emphasize that the deal is a landmark. It is apparently the first time that S&P and Moody's have settled accusations that investors were misled by their ratings. That's unquestionably a great result for the CDO purchasers in the case and for their lawyers at Robbins Geller Rudman & Dowd, who have battled since 2008 to keep $700 million in fraud and negligence claims alive. Unlike investors in more than three dozen other cases claiming the credit rating agencies facilitated the issue of toxic mortgage-backed securities, Abu Dhabi Bank, the Kings County pension fund and their fellow CDO purchasers survived preliminary motions, beating back the agencies' argument that their ratings were opinions protected by the First Amendment. Then, through discovery, Robbins Geller uncovered hot documents - even more than the rating agencies produced to Congress - that helped investors withstand defense requests for summary judgment.
- March 27, 2013
- March 22, 2013
- March 22, 2013
- March 19, 2013
- March 7, 2013
- February 27, 2013
(Reuters) - The U.S. Supreme Court made it easier on Wednesday for shareholders to bring class-action lawsuits, breaking a recent line of decisions that had made it harder to sue corporate defendants collectively and perhaps obtain greater recoveries.
- February 15, 2013
- February 13, 2013
- February 4, 2013
(Reuters) - Standard & Poor's said it expects to be the target of a U.S. Department of Justice civil lawsuit over its mortgage bond ratings, the first federal enforcement action against a credit rating agency over alleged illegal behavior tied to the recent financial crisis.
- Robbins Geller wins appeal in In re VeriFone Holdings, Inc. Sec. Litig., No. 11-15860 (9th Cir. Dec. 21, 2012)December 21, 2012
- Robbins Geller successfully defeats defendants' motion to dismiss in the First Solar securities case pending in the District of ArizonaDecember 18, 2012
In an Order issued on December 17, 2012, Judge Campbell denied defendants’ motion to dismiss in Smilovits v. First Solar, Inc., No. CV-12-00555-PHX-DGC (D. Ariz.), holding that lead plaintiff adequately pled violations of §10(b) and §20(a).