NII Holdings, Inc.
Labaton Sucharow filed a securities class action complaint on March 4, 2014 in the U.S. District Court for the Eastern District of Virginia on behalf of persons who, between February 25, 2010 and February 27, 2014, inclusive, purchased or otherwise acquired the securities of NII Holdings, Inc. (NII), including debt securities due in 2021 and paying interest at a rate of 7.625 percent per year issued by NII’s wholly-owned subsidiary, NII Capital Corp. (NII Capital) pursuant to offerings on or around March 25, 2011 and December 5, 2011.
In re Celestica Inc. Securities Litigation
Labaton Sucharow is the Court-appointed lead counsel for lead plaintiffs New Orleans Employees’ Retirement System, Millwright Regional Council of Ontario Pension Trust Fund, Drywall Acoustic Lathing and Insulation Local 675 Pension Fund, and Carpenters’ Local 27 Benefit Trust Funds in In re Celestica Inc. Securities Litigation, No. 07-CV-00312-GBD.
In re Pool Products Distribution Market Antitrust Litigation
Labaton Sucharow filed the first lawsuit in the country on behalf of a proposed class of businesses that purchased residential and commercial swimming pool products (“Pool Products”) directly from Pool Corporation and its subsidiaries (“PoolCorp”).
HSH Nordbank AG, et al. v. Barclays Bank PLC, et al.
A residential mortgage-backed securities ("RMBS") case which involves Barclays Bank PLC and other affiliates’ alleged knowledge and fraudulent misrepresentation concerning widespread failure to properly and timely assign mortgages and promissory notes to the RMBS trusts in which HSH Nordbank AG invested.
In re Netflix, Inc. Securities Litigation
Labaton Sucharow is the Court-appointed lead counsel for the Court-appointed lead plaintiffs, Arkansas Teacher Retirement System and State-Boston Retirement System, in In re Netflix, Inc. Securities Litigation, No. 3:12-cv-225-SC (N.D. Cal.), a securities fraud class action alleging that Netflix, Inc. (“Netflix” or “the Company”) and certain of its officers engaged in a scheme to deceive the investing public about the true value of Netflix stock.
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 Walgreen Co. Derivative Litigation
The Firm represents shareholders in a suit on behalf of the company against the board of directors of Walgreen Co. (“Walgreens” or the “Company”) in connection with an $80 million settlement with the Drug Enforcement Agency (“DEA”), the largest in that agency’s history.
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 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 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.
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.
Foreign Currency Exchange Antitrust Litigation (State-Boston Retirement Systems v. Barclays Bank Plc., et al. and Newport News Employees' Retirement Fund v. Barclays Bank Plc., et al.)
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.
Cambridge Retirement System v. Slavko James Joseph Bosnjak, et al. (Unilife Derivative Litigation)
After investigating the director compensation practices of Unilife Corporation (“Unilife” or the “Company”), on December 20, 2013, Labaton Sucharow filed a derivative complaint in the Delaware Court of Chancery on behalf of Cambridge Retirement System.
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 MF Global Holdings Limited Securities Litigation
In connection with the dramatic bankruptcy of MF Global, Labaton Sucharow represents co-lead plaintiff, the Province of Alberta (“Alberta”), in a federal securities fraud class action filed in the Southern District of New York. The court appointed Labaton Sucharow as co-lead counsel, representing Alberta and the investor class.
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.
Labaton Sucharow filed a securities class action complaint on September 18, 2013 in the U.S. District Court for the Central District of California on behalf of purchasers of the common stock of Edwards Lifesciences Corp. (“Edwards Lifesciences”) between April 25, 2012 and April 23, 2013 inclusive.
In re Chesapeake Energy Corp. Securities Litigation (Weinstein et al. v. McClendon et al.)
Labaton Sucharow is the Court-appointed lead counsel for the Court-appointed lead plaintiffs, Ontario Teachers’ Pension Plan Board, in Weinstein et al. v. McClendon et al., No. CIV-12-465-W (W.D. O.K.), a securities fraud class action alleging that Chesapeake Energy Corp. ("Chesapeake" or "the Company") and certain of its officers engaged in a scheme to deceive the investing public about the true value of Chesapeake stock.
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.
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.
Tempur-Pedic International, Inc. ("TPX") Class Action
Labaton Sucharow filed a class action complaint on June 20, 2012 in the U.S. District Court for the Eastern District of Kentucky on behalf of persons who purchased or otherwise acquired common stock of Tempur-Pedic International Inc. (“Tempur-Pedic”) between January 25, 2012 and June 5, 2012.
Public School Retirement System of the School District of Kansas City v. White et al. (In re Abbott Laboratories Derivative Litigation)
Labaton Sucharow is currently pursuing derivative litigation on behalf of Abbott Laboratories (“Abbott” or the “Company”) regarding Abbott’s $1.6 billion settlement with the government to resolve civil and criminal allegations regarding its illegal promotion of the Company’s anti-seizure drug, Depakote.
California Teachers' Retirement System v. Alvarez, et al. (Wal-Mart Derivative Litigation)
When details of Wal-Mart’s apparent violations of the Foreign Corrupt Practices Act emerged this spring, we filed a shareholder derivative suit on behalf of the California Teachers’ Retirement system asserting that the Company's board and management breached their duties to shareholders.
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 Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
Labaton Sucharow serves on the Executive Committee in this lawsuit filed on behalf of a proposed class of merchants who purchased credit card processing services directly from defendants, Visa and Mastercard as well as their member banks.
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”).