Phil Law Weblog

Harris Stratex Networks Inc.faces a class action lawsuit in the United States District Court for the District of Delaware. The lawsuit charges the company and some of its officers and directors of violating the securities law.

US based Medical device maker Spectranetics Corp.faces a shareholder class action lawsuit in the United States District Court for the District of Colorado. The lawsuit accuses the company and two of its top executives.

The Law Offices of Aronberg & Aronberg announces that it has filed a class action lawsuit in Palm Beach County, Florida on September 15, 2008, on behalf of all Florida customers of Citigroup/Smith Barney brokerage who were improperly placed into Fannie Mae stock in 2008.

The New York-based law firm of Kaplan Fox & Kilsheimer LLP filed the suit in the U.S. District Court for the Eastern District of Missouri on behalf of investors who bought MEMC common stock between June 13 and July 23 of this year.

Four former executives of American International Group AIG Inc on 11 September 2008 has agreed to settle its share holder lawsuit for the exchange of $ 115 million.

The UnitedHealth Group Corporation former CEO and Chairman, William McGuire, M.D. has decided to come to a settlement with the federal securities class action lawsuit. Under the terms of the settlement, Dr. McGuire has agreed to pay $30 million into a fund for the benefit of the class. The class action is yet to be [...]

Pulaski County Circuit Court has ordered the Alltel company to settle the lawsuit filed in November 2007. The lawsuit was filed by some shareholders who accused the company of breaching its fiduciary duties when it agreed in November 2007 to a private equity buyout deal worth $24.7 billion, plus the assumption of $2.7 billion in [...]

OPES has decided to ask the Federal Court to throw out the $100 million-plus class action launched by Slater & Gordon on behalf of more than 50 clients of the collapsed broker. The law firm has lodged the complain that the two OPES client ANZ and Merrill Lynch entered into what they thought were margin [...]

In a major settlement of its kind, the Australian company Aristocrat has decided to pay a huge sum of $144 million as settlement agreement last week. This is the largest shareholder settlement in Australia so far. The money is to be shared among the leading plaintifffs, IMF Australia and nearly 4000 affected Aristocrat [...]

October 7, 2008 is the deadline for the investors to seek a lead plaintiff appointment in the pending class action lawsuit against Reddy Ice Holdings, Inc. The The law firm of Dyer & Berens LLP announced the date today in Denver. A lead plaintiff is a representative party that acts on behalf of other class [...]