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The Rosen Law Firm Files Securities Fraud Class Action Against American Apparel, Inc.
Law Firm Press |
2010/09/06 07:23
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| p jquery1283869659187=48NEW YORK, Sep 7, 2010 (GlobeNewswire via COMTEX) -- The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of purchasers of America Apparel, Inc. (American Apparel) span id=quote124732125 class=quotepeekbase bgQuote up jquery1283869659187=28span class=bgChannel/quotes/comstock/14*!app/spanspan class=bgRealtimeChannel/quotes/nls/app/span (span class=symbola title=American Apparel Inc href=/investing/stock/APPfont color=#004176 size=2APP/font/a/span strongspan class=data bgLast symbolfont size=21.07/font/span/strong, span class=data bgChange symbolfont color=#007c1d size=2+0.01/font/span, span class=data bgPercentChange symbolfont color=#007c1d size=2+0.94%/font/span) /spanstock during the period from December 20, 2006 to August 17, 2010 (the Class Period). /ppTo join the American Apparel class action, go to the website at a href=http://www.rosenlegal.comfont color=#004176http://www.rosenlegal.com/font/a or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653, or you may also email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. /ppThe case is pending in the United States District Court for the Central District of California. You can obtain a copy of the complaint from the clerk of court or you may contact counsel for plaintiffs Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com. /ppNO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER. /ppThe Complaint asserts that during the Class Period, defendants misrepresented American Apparel's hiring practices and the impact of such practices on the Company's business and financial performance. The Company's hiring practices were improper and beginning in July 2009, American Apparel revealed that it was being investigated by the U.S. Immigration and Customs Enforcement agency regarding the Company's compliance with U.S. immigration law. On August 17, 2010, the Company announced it expected to report a loss of $5 million to $7 million in the second quarter of 2010 on net sales of $132 million to $143 million. According to the announcement, a significant factor in such losses was lower labor efficiency at the Company's production facilities in the second quarter of 2010 compared to the prior year period. The lower labor efficiency was primarily a result of the hiring of over 1,600 net new manufacturing workers during the second quarter of 2010. As a result, the Complaint alleges that the price of American Apparel stock declined, damaging investors. /ppA class action lawsuit has already been filed on behalf of American Apparel shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than October 25, 2010. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. /ppThe Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. /ppThis news release was distributed by GlobeNewswire, a href=http://www.globenewswire.comfont color=#004176www.globenewswire.com/font/a /p |
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Armstrong Teasdale Adds Three New Associates
Law Firm Press |
2010/08/23 08:57
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| pArmstrong Teasdale LLP announces the arrival of associates Irina Sandler, Lauren Ashley Smith, and Adam R. Wuller. /pp“The subtle shift in the economy has brought about additional business and afforded us the opportunity to add talent,” said Michael A. Chivell, Armstrong Teasdale’s managing partner. “As we position Armstrong Teasdale as a premier firm in this region, we’ll continue to place a premium on attracting exceptional attorneys in key practice areas.”/ppFormer legal counsel at the affiliate of Emerson Electric in Moscow, Irina Sandler joins the firm’s International practice group and will focus on international trade, import and export controls, Foreign Corrupt Practices Act (FCPA) and antitrust compliance. She earned her LL.M. in Intellectual Property and Technology Law from Washington University School of Law, was an Edmund S. Muskie Graduate Program Fellow at the University of Illinois College of Law, and received her Degree in Law from Russian Law Academy of the Russian Ministry of Justice./ppLauren Ashley Smith, a recent law school graduate, is a member of the firm’s Public Finance and Real Estate, and Financial Services practice groups. Drawing on her research and scholarship in land use, and state and local government law, she will focus on public/private real estate development and municipal finance. Additionally, Smith will assist lenders and other creditors seeking to maximize their recovery against debtors in litigation, liquidation, reorganization, and bankruptcy including all aspects of post-judgment collection efforts. She earned her J.D. from Washington University School of Law and her B.A. from Marquette University. /ppAdam R. Wuller, also a recent graduate, is a registered patent attorney with the U.S. Patent and Trademark Office and joins the firm’s Intellectual Property practice group. The majority of his work will involve the preparation and prosecution of U.S. and foreign patent applications in a wide range of technical disciplines, including mechanical and medical devices. Wuller received his J.D. from Saint Louis University School of Law and his B.S. in engineering physics from the University of Illinois at Urbana-Champaign. /p |
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David Boies Urges ABA Members
Law Firm Press |
2010/08/06 08:53
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pDavid Boies challenged America’s lawyers to “bring the rule of law to its full fruition here in this country … to fulfill the goals and lofty rhetoric of our founding fathers,” as the keynote speaker at the Opening Assembly of the 2010 ABA Annual Meeting in San Francisco. /ppThe rule of law was the assembly theme, as ABA members gathered in the Herbst Theater of the War Memorial Veterans Building, site of the signing of the charter of the United Nations in 1945. nbsp; /ppPresident Carolyn B. Lamm pointed to ABA efforts from activities of the Section of International Law to such projects as the Central European and Eurasian Law Initiative, the Rule of Law Initiative and the World Justice Project as advancing United Nations goals to spread democracy based on law around the world. /ppBoies, co-counsel with Ted Olson in winning a federal district court ruling Wednesday that overturned California’s Proposition 8, cited “numerous challenges to the rule of law in our own country,” in applying that theme at home. /ppWhen our nation was born, it consisted of “wes” and “theys,” Boies said, with the “wes” being white male property owners and the “theys” comprising everyone else.nbsp; As the national history unfolded, the circle of “wes” expanded to encompass more and more segments of society. nbsp; /pp“We have an opportunity to expand the circle of ‘wes’ until there are no more ‘theys,’” said Boies, urging lawyers to work toward ensuring that “liberty and equality and protection of individual rights is something that every citizen equally enjoys.”/ppTo achieve that goal, Boies identified four challenges confronting his audience./ppFirst, he suggested the rule of law works best when adversaries have equivalent resources, whether those resources are plentiful or sparse. nbsp; But the “time when our system tends to break down is when one party has tremendous resources and the other party does not.”nbsp; Those are the times that “threatened to undermine the protections of the rule of law… [and lawyers] need to find ways to reduce the imbalance,” he said.nbsp; He urged reducing procedural advantages that favor the “better resourced party,” and urged lawyers to not “use discovery as a war of attrition,” for example.nbsp;
nbsp; nbsp;
Second, he called for “better tools to help juries” decide important but complex cases, such as allowing jurors to ask questions and take notes on testimony. /ppHis third challenge was to “improve judges and the judicial machinery,” citing a “crisis in terms of financing the justice system in the United States.”nbsp; First year associates in his law firm are paid higher salaries than federal district court judges, and state court judges earn even less, he said.nbsp; “If we can’t afford to spend a fraction of what we are spending to expand that system to Iraq, something is wrong with our sense of priorities,” he maintained. nbsp; /ppAll lawyers must stand up for the independence of judges, resisting threats to their safety when they make unpopular decisions, said Boies, noting that there already have been threats to harm the judge whonbsp; ruled in the Proposition 8 litigation. /ppBoies’ cited predictably equal application of the law without regard to the identity of the parties as the final challenge to the rule of law, saying that when rights depend on who is asserting them, “the rule of law is undermined.”/p |
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ABA TO HOST CYBER SECURITY DISCUSSION
Law Firm Press |
2010/08/03 08:53
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| span style=font-family: Arial; font-size: 10ptComputers and networks have brought an entire world into our homes and law offices. As it turns out, the world is full of thieves, spies and hostile armies.span style=mso-spacerun: yesnbsp; /spanWhat are the risks of cyber “insecurity,” and what can we do about them?strong style=mso-bidi-font-weight: normal o:p/o:p/strong/spanp style=margin: 0in 0in 0pt class=MsoNormalstrong style=mso-bidi-font-weight: normalspan style=font-family: Arial; font-size: 10pto:p /o:p/span/strong/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptAnswers to this question and more will be provided during an upcoming program sponsored by the American Bar Association.span style=mso-spacerun: yesnbsp; /spanThe program will be held as part of the association’s Annual Meeting, which begins Thursday. o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalstrongspan style=font-family: Arial; font-size: 10pto:p /o:p/span/strong/pp style=margin: 0in 0in 0pt; mso-list: none; mso-list-ins: genuser 20100802T1254 class=MsoNormalstrongspan style=font-family: Arial; font-size: 10pto:p /o:p/span/strong/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWho: span style=mso-tab-count: 1 nbsp; nbsp; nbsp;nbsp; /spanstrongStewart A. Baker/strongo:p/o:p/span/pp style=margin: 0in 0in 0pt; mso-list: none; mso-list-ins: genuser 20100802T1252 class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldspan style=mso-tab-count: 1 nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp;nbsp; nbsp;/spanFormer assistant secretary for Policy, Department of Homeland Securityo:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWhat: span style=mso-tab-count: 1 nbsp; nbsp; nbsp; /spanstrong“Cyber Security, Law and Liability — Thieves, Spies and Hostile Armies”o:p/o:p/strong/span/pp style=margin: 0in 0in 0pt; mso-list: none; mso-list-ins: genuser 20100802T1252 class=MsoNormalstrongspan style=font-family: Arial; font-size: 10ptspan style=mso-tab-count: 1 nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; nbsp; /span/span/strongspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldSponsored by the st1:city w:st=onst1:place w:st=onABA/st1:place/st1:city Standing Committee on Law amp; National Security o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWhen: span style=mso-tab-count: 1 nbsp; nbsp; nbsp; /spanFriday, 3:45 p.m. — 5:15 p.m.o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldWhere: nbsp; nbsp;nbsp; nbsp;Moscone West Convention Centero:p/o:p/span/pp style=text-indent: 0.5in; margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: bold nbsp; nbsp;nbsp; Room 2022, Second Flooro:p/o:p/span/pp style=text-indent: 0.5in; margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: bold nbsp; nbsp; nbsp;747 Howard St.o:p/o:p/span/pp style=text-indent: 0.5in; margin: 0in 0in 0pt class=MsoNormalst1:city w:st=onst1:place w:st=onspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: bold nbsp; nbsp; nbsp;San Francisco/span/st1:place/st1:cityspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pt; mso-bidi-font-weight: boldo:p /o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptJoining strong style=mso-bidi-font-weight: normalBaker /strongin the discussion will bestrong style=mso-bidi-font-weight: normal Elizabeth Rindskopf Parker/strong, dean and professor of law, University of the Pacific McGeorge School of Law, and former general counsel, CIA; strong style=mso-bidi-font-weight: normalRobert Knake/strong, International Affairs Fellow, Council on Foreign Relations, and co-author of Cyber War; ando:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalstrong style=mso-bidi-font-weight: normalspan style=font-family: Arial; font-size: 10ptHarvey Rishikof/span/strongspan style=font-family: Arial; font-size: 10pt, professor of law and national security studies at the st1:place w:st=onst1:placename w:st=onNational/st1:placename st1:placename w:st=onWar/st1:placename st1:placetype w:st=onCollege/st1:placetype/st1:place, and former legal counsel to the deputy director of the FBI.o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptspan style=mso-spacerun: yes /spano:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10ptWhat will happen if the government makes it easier for federal agencies to demand that companies release personal electronic communications of persons who are part of a terrorism investigation?span style=mso-spacerun: yesnbsp; /spanstrong style=mso-bidi-font-weight: normalBaker/strong answered that question in a href=http://ABA.pr-optout.com/Url.aspx?515903x5321288x2157326The Washington Post/a (7/29).span style=mso-spacerun: yesnbsp; /spano:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pto:p /o:p/span/pp style=margin: 0in 0in 0ptspan style=font-family: Arial; font-size: 10ptWith span style=mso-bidi-font-weight: boldnearly/span 400,000 members, the American Bar Association is the largest voluntary professional membership organization in the world.nbsp; As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.o:p/o:p/span/pp style=margin: 0in 0in 0pt class=MsoNormalspan style=font-family: Arial; font-size: 10pto:p /o:p/span/p |
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