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.”
Takata Airbag Consumer Class Action
Labaton Sucharow filed the first nationwide consumer class action on October 27, 2014 in the U.S. District Court for the Southern District of Florida on behalf of all persons or entities who purchased or acquired one of the 8 million affected vehicles containing Takata-brand airbags.
Teamsters Union 25 Health Services & Insurance Plan v. Orbitz Worldwide, Inc.
On June 25, 2014, Labaton Sucharow filed an amended complaint on behalf of Teamsters Union 25 Health Services & Insurance Plan in a stockholder class and derivative action against the board of directors of Orbitz Worldwide, Inc. and Orbitz’s controlling shareholder, Travelport.
Salix Pharmaceuticals, Inc.
Labaton Sucharow LLP filed a securities class action complaint on November 7, 2014 in the U.S. District Court for the Southern District of New York on behalf of persons who, between November 8, 2013 and November 6, 2014, inclusive, purchased or otherwise acquired the securities of Salix Pharmaceuticals, Ltd. (Salix).
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.
Millennial Media, Inc.
Labaton Sucharow filed a securities class action complaint on September 30, 2014 in the U.S. District Court for the S.D.N.Y. on behalf of all persons or entities who, between March 28, 2012 and May 7, 2014, purchased or otherwise acquired the common stock of Millennial Media, Inc.
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.
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.
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.
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 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).
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 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”).
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.