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Johnson Bottini, LLP Announces Update on Brocade Options
Law Firm Press |
2008/03/05 12:56
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Johnson Bottini, LLP, Co-Lead Counsel in the shareholder derivative lawsuit involving the manipulation of stock options at Brocade Communications Systems, Inc., announces the following update on the case. Several motions in the case will be heard on March 28, 2008 in Santa Clara, California. Plaintiffs are seeking to amend the complaint to assert declaratory relief claims against Gregory Reyes, the ex-CEO of Brocade, and Stephanie Jensen, the former V.P. of Human Resources. Reyes, who was convicted of securities fraud by a jury in San Francisco on August 7, 2007, was sentenced on January 16, 2008 to 21 months in prison.
Jensen was convicted on December 6, 2007 of conspiracy to commit securities fraud and of falsifying Brocadespan id=bwanpa0’/spans books and records. She has not yet been sentenced. In the lawsuit, Plaintiff is seeking to recover damages for the benefit of Brocade and against Reyes, Jensen, KPMG LLP and other defendants. Plaintiff believes that the damages Brocade has suffered exceed $200 million. If you are a Brocade shareholder and would like more information about the status of the case, contact Frank A. Bottini, Esq. at 619-230-0063 or a href=mailto:frankb@johnsonbottini.com target=_blank shape=rectfont color=#000066frankb@johnsonbottini.com/font/a or go to a href=http://www.johnsonbottini.com/ target=_blank shape=rectfont color=#000066www.johnsonbottini.com/font/a. !-- end story body --!-- end story -- |
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Johnson Perkinson Announces Class Action
Law Firm Press |
2008/03/05 12:13
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| Johnson amp; Perkinson hereby announces the commencement of a class action lawsuit naming Superior Offshore International, Inc. (Superior Offshore or the Company) (Nasdaq: DEEP). Individuals, families, trusts or other entities that purchased Superior Offshore common stock between April 20, 2007 and January 9, 2008, inclusive, have the opportunity to participate as Lead Plaintiffs in the currently pending class action litigation against the Company. To do so, you must apply to serve in that capacity by April 28, 2008.pJohnson amp; Perkinson, a litigation boutique law firm based in South Burlington, Vermont, has extensive experience prosecuting investor class actions and actions involving financial fraud. Attorneys Johnson and Perkinson are both former employees of the Securities and Exchange Commission. Dedicated to maximizing shareholder return, members of Johnson amp; Perkinson have prosecuted complex class actions alleging securities or consumer fraud/deception on behalf of investors/consumers against numerous public companies since 1985, resulting in the recovery of many hundreds of millions of dollars, and have been singled out for excellence by various courts. The firm is litigating, or has recently resolved litigation, as Lead or Co-Lead Counsel in securities class actions against Xerox, Priceline, Wireless Facilities, i2 and Xchange, and serves on the Executive Committee in the Global Crossing case./ppThe Complaint charges the Company and certain of its officers and directors with making a series of materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, in violation of the Securities Act of 1933./ppIf you wish to discuss this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Johnson amp; Perkinson attorneys James F. Conway, III, Eben F. Duval, or Christopher Allen toll free at 1-888-459-7855; via email at email@jpclasslaw.com; through our website at www.jpclasslaw.com; or by mail at Johnson amp; Perkinson, 1690 Williston Road, P.O. Box 2305, South Burlington, Vermont 05403. Though Johnson amp; Perkinson has not filed a Complaint against Superior Offshore at this time, attorneys at Johnson amp; Perkinson can investigate your potential claims and help you decide if seeking appointment as a Lead Plaintiff is right for you. Your ability to share in any recovery is not affected by your decision to not seek appointment as a Lead Plaintiff./p |
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Enron class-action firm bills for 247,000 hours
Law Firm Press |
2008/03/05 12:11
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| pA lawyer who helped reap a US$7.2-billion settlement for Enron investors says his firm deserves a record US$700-million in fees, due to the complexity and risky nature of the case./ppThis is an extraordinary case and we did an extraordinary job, Patrick Coughlin, a partner with Coughlin Stoia Geller Rudman amp; Robbins LLP, the lead attorneys in the case, told a hearing in U.S. District Court in Houston./ppThe firm's founder, William Lerach, retired in August. He pleaded guilty to kickback scheme at his former law firm, but still stands to receive a multi-million-dollar payout from the Enron case./ppCoughlin Stoia is seeking about 9.5% of the total settlement amount, which would equal nearly US$700-million./ppMr. Coughlin presented his case in an elaborate multimedia presentation to U.S. District Judge Melinda Harmon, who now must approve the fee award. The presentation included testimonials from former Enron employees and a clip from the Oscar-nominated legal thriller Michael Clayton./ppOver the course of the case that lasted six years, Mr. Coughlin said his firm billed 247,000 hours, took 400 depositions and submitted 5,700 filings./ppWe didn't leave any avenue unturned, he said./ppStill, other attorneys took issue with the size of the award, arguing that more should go to investors./ppClass counsel has not proved the legitimacy of this fee request, Larry Schonbrun, who represents a single investor in the case, told the court./ppThe settlement was paid by banks including Citigroup Inc. that are accused of helping the energy trader hide financial misdeeds that led to its collapse. The settlement still lacks final approval from Judge Harmon./ppRecently, a group of plaintiffs firms sought about US$460-million in fees following settlements in a securities fraud case against Tyco International Ltd./ppClose/p |
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Schmidt Clark, LLP Announces Trasylol Website
Law Firm Press |
2008/03/04 12:39
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Schmidt amp; Clark, LLP, a nationally recognized drug litigation law firm has announced today that it has recently added additional content to its a href=http://www.schmidtandclark.com/Trasylol-Recall/font color=#3259b2Trasylol recall website/font/a.
Trasylol has been marketed by Bayer for 14 years. Bayer marketed it aggressively until it was used in approximately 1/3 of all cardiac bypass surgeries. In the last two years, Trasylol has been linked to kidney or renal failure, heart attacks, strokes and approximately 22,000 deaths.
At the heart of current and pending litigation surrounding a href=http://www.schmidtandclark.com/Trasylol/font color=#3259b2Trasylol side effects/font/a, is the fact that Bayer was aware of the potential problems over two years ago. A study connecting Trasylol and serious side effects was presented in January 2006, but the drug was not recalled until November 2007. Bayer failed to present their research to the FDA in their September 2006 meeting. The chairman of that FDA advisory panel, Dr. William Hiatt, said that he would have voted for a Trasylol recall back in 2006 if Bayer had not withheld the data from their study.
Michael E. Schmidt, Managing Partner of Schmidt amp; Clark, LLP has noticed an alarming number of inquiries to the firm related to Trasylol. Mr. Schmidt stated, “Our firm has substantial expertise in the areas drug litigation. As a result, we have received a number of inquiries from heart bypass surgery patients claiming serious or life-threatening side effects including death, kidney or renal failure, heart attacks, and strokes.”
Schmidt amp; Clark, LLP represents a number of Trasylol recall victims and continues to be contacted by victims of Trasylol on a frequent basis.
If you or a loved one has been the victim of a Trasylol induced side effect, the firm suggests that you visit their Trasylol website. The site includes detailed lawsuit information, news and more.
About Schmidt amp; Clark, LLP
Schmidt amp; Clark, LLP focuses on helping individuals and families. The firm has built a reputation for success, and represents their clients in group and individual lawsuits nationwide.
Although Schmidt amp; Clark, LLP is national in scope, they level the playing field for their clients by providing them with access to a level of professional legal representation previously available only to large corporations, while still providing personal attention to each client.
For more information on Schmidt amp; Clark, LLP or Trasylol lawsuits, please visit: a href=http://www.schmidtandclark.com/Trasylol/font color=#3259b2http://www.schmidtandclark.com/Trasylol//font/a or call toll free 24 hrs/day (866) 588-0600. |
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