In re American Tower Corporation Securities Litigation

Settled: December 13, 2007

A $14 million settlement was approved in this stock options backdating litigation.


On June 11, 2008, the Honorable Mark L. Wolf of the United States District Court for the District of Massachusetts approved a $14 million cash settlement in the securities class action In re American Tower Corporation Securities Litigation, No. 06-CV-10933 (MLW) (D. Mass.), on behalf of investors who purchased or acquired American Tower Corporation ("American Tower") common stock between April 1, 2002 and May 22, 2006. The deadline for filing a Proof of Claim has passed. The Court approved the distribution of the settlement to eligible claimants on August 26, 2009 and checks have been mailed. 

Labaton Sucharow was appointed lead counsel for lead plaintiff Steamship Trade Association-International Longshoremen's Association Pension Fund. Defendants are American Tower, Steven B. Dodge, James D. Taiclet, Jr., Bradley E. Singer, Jean A. Bua, Timothy F. Allen, Justin D. Benincasa, Pamela D.A. Reeve, Carolyn F. Katz, and Mary Agnes Wilderotter. 

The Class alleged that certain of American Tower Corporation's current and former officers and directors improperly backdated the Company's stock option grants and made materially false and misleading statements to the public concerning the Company's financial results and option grant policies and accounting, causing damages to investors.

A copy of the Notice of Pendency and Proposed Settlement of Class Action and other documents filed with the Court can be accessed by clicking on the links to the right. 

Case Materials

Notice of Pendency and Proposed Settlement of Class Action and Fairness Hearingformat_pdf

Lead Counsel's Petition For An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

[Proposed] Order Granting Lead Counsel's Petition For An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

Lead Counsel for Lead Plaintiff's Memorandum of Law in Support of Petition For An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

Declaration of David J. Goldsmith in Support of Lead Counsel's Petition for An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

Exhibit A - Lodestar and Expenses Summary Chartformat_pdf

Exhibit B - Declaration of David J. Goldsmith of Labaton Sucharow LLP Submitted in Support of Lead Counsel's Petition For An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

Exhibit C - Affidavit of Glenn E. Mintzer of the Law Offices of Peter G. Angelos, P.C. Submitted in Support of Lead Counsel's Petition For An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

Exhibit D - Affidavit of Garrett J. Bradley of Thornton & Naumes, LLP, Submitted in Support of Lead Counsel's Petition For An Award of Attorney's Fees and Reimbursement of Expensesformat_pdf

Exhibit E - Eisenberg-Miller Studyformat_pdf

Exhibit F - Order Granting Lead Counsel's Motion For Attorney's Fees and Reimbursement of Expensesformat_pdf

Exhibit G - Affidavit of Howard Mulcaheyformat_pdf

Exhibit H - Affidavit of Paul Mulhollandformat_pdf

Exhibit I - Affidavit of Paul Mulholland Concerning Status of Notice and Claims Administration To Dateformat_pdf


December 14, 2007
Labaton Sucharow Settles Stock Options Backdating Class Action Against American Tower Corporation for $14 Million

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