Hatamian v. Advanced Micro Devices, Inc.
On April 7, 2014, Labaton Sucharow was appointed as co-lead counsel for lead plaintiffs in the securities class action against Advanced Micro Devices, Inc. (AMD). Lead plaintiffs allege that AMD made false and misleading statements, and concealed material facts regarding the commercial success of its Llano APU computer processor.
City of Hialeah Employees' Retirement System v. Genworth Financial, Inc.
Survived motion to dismiss in this securities litigation alleging that Genworth concealed poor market conditions in the months leading up to a planned IPO of its Australian MI unit, and failed to tell shareholders about significant loan delinquencies stemming from the deteriorating economic conditions
In re Netflix, Inc. Securities Litigation
On June 26, 2012, Labaton Sucharow filed a Consolidated Class Action Complaint alleging securities fraud against Netflix, Inc., Reed Hastings (CEO), David Wells (current CFO) and Barry McCarthy (former CFO) on behalf of lead plaintiffs. Labaton Sucharow is the court-appointed lead counsel for the lead plaintiffs.
In re Health Management Associates, Inc.
Labaton Sucharow has filed a complaint on behalf of lead plaintiffs Norfolk County and New England Teamsters & Trucking Industry Pension Fund and the Operating Engineers Trust Fund against the privately owned hospital chain, Health Management Associates (HMA).
In re Commodity Exchange Inc. Gold Futures and Options Antitrust Litigation (Markun v. Bank of Nova Scotia)
On April 10, 2014, Labaton Sucharow filed a class action complaint against five of the largest gold dealers for their alleged manipulation of key benchmarks for the global gold market, known as the London Fixings.
In re NII Holdings, Inc. Securities Litigation
The court denied the motion to dismiss, noting that "the complaint struck this Court as extremely well written, very detailed, and I, frankly, think even with the heightened pleading standards required in a securities fraud case, that the plaintiffs have met it."
Cambridge Retirement System v. Slavko James Joseph Bosnjak (Unilife Derivative Litigation)
After investigating the director compensation practices of Unilife Corporation (Unilife), on December 20, 2013, Labaton Sucharow filed a derivative complaint in the Delaware Court of Chancery on behalf of Cambridge Retirement System.
Arkansas Teacher Retirement System v. State Street Corp.
Labaton Sucharow represents the Arkansas Teacher Retirement System (ATRS) in a class action against State Street Corporation and certain affiliated entities asserting violations of the Massachusetts Consumer Protection Act, Mass. Gen. Laws ch. 93A, and common law claims for breach of contract, breach of fiduciary duty, and negligent misrepresentation. The case is pending in the U.S. District Court for the District of Massachusetts before Chief Judge Mark L. Wolf.