Foreign Currency Exchange Antitrust Litigation (State-Boston Retirement Systems v. Barclays Bank Plc. and Newport News Employees' Retirement Fund v. Barclays Bank Plc.)
Labaton Sucharow has filed two complaints, on behalf of State-Boston Retirement Systems and Newport News Employees’ Retirement Fund, concerning alleged anticompetitive conduct in the foreign currency exchange (FX) market. The complaints were filed on January 24, 2014 and February 5, 2014, respectively.
In re Vocera Communications, Inc. Securities Litigation
Labaton Sucharow filed a complaint on behalf of Arkansas Teacher Retirement System and Baltimore County Retirement System (together, the Retirement Systems) in a securities action against Vocera Communications, Inc. (Vocera). On November 7, 2013, the Retirement Systems were appointed lead plaintiff and Labaton Sucharow is the court-appointed lead counsel.
Cambridge Retirement System v. Slavko James Joseph Bosnjak, et al. (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.
California State Teachers' Retirement System v. Alvarez (Wal-Mart Derivative Litigation)
When details of Wal-Mart’s apparent violations of the Foreign Corrupt Practices Act emerged, we filed a shareholder derivative suit on behalf of the California State Teachers’ Retirement System asserting that the company's board and management breached their duties to shareholders.
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).
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.
In re Goldman Sachs Group, Inc. Securities Litigation
Co-lead counsel for lead plaintiff alleging claims for securities fraud based on material omissions that Goldman made in connection with the Abacus, Hudson, Anderson and Timberwolf I CDO transactions. Plaintiffs also plead scienter with respect to the individual Goldman Sachs defendants.
ViroPharma Inc. Securities Litigation
On August 10, 2012, Labaton Sucharow was appointed lead counsel and Carpenters’ Local 27 Benefit Trust Funds (“Carpenters”) was appointed lead plaintiff in a class action against ViroPharma Incorporated (“ViroPharma”) and certain of its senior executives. The case is pending before the Honorable John R. Padova in the U.S. District Court for the Eastern District of Pennsylvania.
In re Air Cargo Shipping Services Antitrust Litigation
In November 2006, Labaton Sucharow was appointed co-lead counsel in this lawsuit filed on behalf of a proposed class of Plaintiffs who purchased airfreight shipping services directly from Defendants, certain major domestic and international air cargo carriers.
Labaton Sucharow filed a securities class action complaint on May 5, 2014 in the U.S. District Court for the Southern District of Texas on behalf of persons who, between April 3, 2013 and February 19, 2014, inclusive, purchased or otherwise acquired Conn’s, Inc. (“Conn’s) common stock and/or call options, or sold/wrote Conn’s put options.
In re Facebook, Inc., IPO Securities and Derivative Litigation
On December 6, 2012, the court appointed Labaton Sucharow as co-lead counsel for lead plaintiffs North Carolina Department of State Treasurer (on behalf of the North Carolina Retirement Systems), Arkansas Teacher Retirement System, Fresno County Employees’ Retirement Association, and Banyan Capital Master Fund Ltd. in a securities class action styled In re Facebook, Inc., IPO Securities and Derivative Litigation, No. 1:12-md-02389-RWS (S.D.N.Y.).
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.
Ariad Pharmaceuticals, Inc.
Labaton Sucharow filed a securities class action complaint on December 3, 2013 in the U.S. District Court for the District of Massachusetts on behalf of persons who, between December 12, 2011 and October 8, 2013, inclusive, purchased, otherwise acquired, or contracted to acquire the securities of Ariad Pharmaceuticals, Inc. (“Ariad”).
In re 2008 Fannie Mae Securities Litigation
On March 9, 2009, the court appointed the State-Boston Retirement Board and the Massachusetts Pension Reserves Investment Management Board as Co-Lead Plaintiffs to represent the class of common shareholders in In re Fannie Mae 2008 Securities Litigation, 08-cv-7831 (S.D.N.Y.), and approved Boston’s selection of Labaton Sucharow and PRIM’s selection of Berman DeValerio as Co-Lead Counsel.
In Re Phoenix Leasing Limited Partnership Litigation
On September 11, 2012, the Honorable Lynn Duryee of the Superior Court of the State of California granted preliminary approval to the proposed sale of a Class asset, as memorialized in the Agreement for the Sale and Assignment of Claim Against Reliance Insurance Company, in Liquidation, dated July 16, 2012, as amended, (the “Agreement”) in the certified class action In re Phoenix Leasing Limited Partnership Litigation, No. 173739.
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.
In re Kingate Management Limited Litigation
On January 22, 2010, Labaton Sucharow, Boies, Schiller & Flexner LLP, and Cohen Milstein Sellers & Toll PLLC were appointed interim co-lead counsel on behalf of investors in Kingate Global Fund, Ltd. and Kingate Euro Fund, Ltd. (collectively, “the Funds”), which channeled billions of dollars into the fraudulent operations of Bernard L. Madoff (“Madoff”).