Settled Cases

In re aaiPharma Inc. Securities Litigation
In this ERISA case, we obtained a $1.05 million settlement.

AAL High Yield Bond Fund v. Ruttenberg (Just for Feet)
Corporate bondholders received a substantial boost in their ability to bring class action lawsuits for securities fraud as a result of this matter.

In re Abbott Laboratories Norvir Antitrust Litigation
An important victory is obtained against a drug company on behalf of HIV-positive patients and the public at large.

In re Able Laboratories Securities Litigation
As co-lead counsel in this securities fraud case against Able Laboratories, Inc., a now-defunct generic drug manufacturer, we obtained a $9.15 million settlement.

Abrams v. Van Kampen Funds, Inc.
As co-lead counsel, we secured a $31.5 million settlement in this case involving allegations that senior loan mutual funds reported materially overstated net asset values (NAVS) in prospectuses by failing to comply with SEC rules mandating the use of “mark-to-market” pricing.

In re Accuray Inc. Securities Litigation
A $13.5 million settlement was approved in this securities litigation.

In re Air Cargo Shipping Services Antitrust Litigation - Partial Settlement
Obtaining almost half a billion dollars in partial settlements against 50 defendant airlines on six continents, we continue to prosecute this trans-global conspiracy.

In re American International Group, Inc. Securities Litigation
In one of the most complex securities cases in history, we secured over $1 billion in total settlements, including a landmark $725 million with AIG regarding allegations of bid rigging and accounting fraud.

In re American Tower Corporation Securities Litigation
A $14 million settlement was approved in this stock options backdating litigation.

In re Amkor Technologies Inc. Securities Litigation
An $11.25 million settlement was approved in this stock options backdating case.

In re Barnes & Noble Stockholders Derivative Litigation
We obtained $29 million in settlements on behalf of B&N investors in this derivative litigation, alleging abuse of fiduciary duties by the B&N defendants.

In re Bear Stearns Companies, Inc. Securities Litigation
We secured a $275 million settlement with Bear Stearns Companies, plus a $19.9 million settlement with Deloitte & Touche LLP, Bear Stearns' outside auditor.

In re Beckman Coulter, Inc. Securities Litigation
In this case involving allegations of securities fraud, as co-lead counsel, we secured a settlement valued at $5.5 million.

In re Bristol-Myers Squibb Securities Litigation
Not only did we obtain a $185 million settlement, but also secured corporate governance reforms that affect future Bristol-Myers Squibb consumers and investors.

In re Broadcom Corp. Securities Litigation
In a case that involves one of the largest restatements in history due to stock options backdating, we obtained a $160.5 million partial settlement.

In re Broadcom Corp. Securities Litigation - Ernst & Young Settlement
We recently reached a $13 million settlement with Ernst & Young LLP, Broadcom’s independent auditor, in a case involving one of the largest restatements in history due to stock options backdating.

In re Career Education Corporation Securities Litigation
A $4.9 million settlement was obtained in this case involving allegations that the company provided false information to investors regarding the number of qualified students attending its schools and regarding the company's accounting for debt owed to its schools by current and former students.

In re Carter’s, Inc. Securities Litigation
We obtained a $20 million Settlement with Carter's and the Individual Defendants and a $3.3 million Settlement with PwC.

In re Cbeyond, Inc. Securities Litigation
In this case involving allegations of securities fraud, we obtained a $2.3 million settlement.

City of Westland Police and Fire Retirement System and Plymouth County Retirement System  v. Sonic Solutions et al.
A $5 million settlement was approved in this stock options backdating litigation.

In re CNL Hotels & Resorts, Inc. Securities Litigation
As co-lead counsel, in this complex securities case, we secured a $35 million cash settlement, $225 million in savings on behalf of shareholders, and significant corporate governance reforms.

In re Coinstar Inc. Securities Litigation
In this securities litigation alleging misrepresentation in Coinstar's publicly released revenue and earnings guidance, we obtained $6 million in settlements.

In re Colonial BancGroup, Inc. Securities Litigation
A $10.5 million partial settlement in this case involving allegations of securities violations.

In re Compellent Technologies, Inc. Shareholder Litigation
In this shareholder litigation, we secured key deal  improvements, including rescission of a poison pill, which added significant value for Compellent shareholders.

In re Computer Sciences Corporation Securities Litigation
On May 24, 2013, the Honorable T.S. Ellis, III of the United States District Court for the Eastern District of Virginia granted preliminary approval to the $97.5 million settlement with Computer Sciences Corporation (“CSC”), Michael W. Laphen, and Donald G. Debuck (collectively, the “Defendants”) in the class action, In re Computer Sciences Corporation Securities Litigation, Civ. No. 11-610-TSE-IDD (E.D. Va.).

In re Countrywide Securities Litigation
As lead counsel, we obtained a monumental win for investors against one of the biggest offenders of the mortgage crisis with $624 million in recoveries.

In re DG Fastchannel, Inc. Securities Litigation
We obtained a $2 million settlement in this securities litigation matter.

In re DHB Industries, Inc. Class Action Litigation
As co-lead counsel, we obtained a settlement originally valued at $45 million.

Eastwood Enterprises, LLC v. Farha et al. (WellCare Securities Litigation)
A $200 million settlement was approved in one of the largest securities fraud cases to emerge from the healthcare sector.

In re Eaton Vance Corporation Securities Litigation
As co-lead counsel, after four years of litigation to the brink of trial, we secured a settlement valued at $10.7 million. The case involved allegations that senior loan mutual funds reported manually overstated net asset value (NAVs) in prospectuses by failing to comply with SEC rules mandating the use of "mark-to-market" pricing.

In re El Paso Corporation Securities Litigation
A $285 million settlement and the court praised Partner Jon M. Plasse for his excellent representation of the client in this securities fraud litigation.

In re El Paso Corporation Shareholder Litigation
A $110 million settlement was obtained in this shareholder case.

In re El Paso Corporation Shareholder Litigation
Cleaning Up A Dirty Energy Deal

In re Empire State Realty Trust, Inc. Investor Litigation
In March 2012, Labaton Sucharow filed a class action in the Supreme Court of the State of New York, County of New York which, along with several additional actions, was consolidated before Justice O. Peter Sherwood (the “Court”) with the caption In re Empire State Realty Trust, Inc. Investor Litigation, under Index No. 650607/2012.

In re Flat Glass II Antitrust Litigation
We obtained a settlement amount of over $22 million in this case alleging anticompetitive conduct within the construction glass industry.

In re Foundry Resins Antitrust Litigation
As co-lead counsel in this case involving allegations of pricing fixing and other anticompetitive conduct, we obtained a settlement of $14.2 million total.

Gaines v. Consolidated Capital Institutional Properties L.P.
One of two cases brought on behalf of investors in a total of 6 partnerships whose general partner forced the limited partners out and took their partnership shares in exchange for a total of $3.8 million in compensation.  Between the two actions, as co-lead counsel, we were able to obtain an additional $7.5 million from the general partner, nearly double the amount that the general partner had originally paid to the limited partners.

In re General Motors Corp. Securities Litigation
As co-lead counsel in a case against automotive giant, General Motors, and its auditor, we obtained a settlement of more than $300 million, one of the largest settlements ever secured in the early stages of a securities fraud case.

In re Gildan Activewear Inc. Securities Litigation
In a case involving allegations of artificially inflated stock prices, as co-class counsel, we secured a cross-border $22.5 million settlement.

In re HCC Insurance Holdings, Inc. Securities Litigation
A $10 million settlement was approved in this stock options backdating litigation.

In re HealthSouth Securities Litigation
As co-lead counsel, we secured $671 million in total settlements, including one of the largest settlements with an auditor in securities class action history.

In re Herley Industries, Inc. Securities Litigation
In this case, alleging that the defendant misled investors with inaccurate public statements, as co-lead counsel, we secured a $10 million settlement.

Hicks v. Morgan Stanley & Co.
As co-lead counsel, we were recognized for our exemplary representation and secured a $10 million settlement.

In re Huron Consulting Group, Inc. Securities Litigation
As co-lead counsel in this case of alleged securities fraud, we obtained a settlement valued at $38 million.

In re Imprelis Herbicide Marketing, Sales Practices and Products Liability Litigation
Labaton Sucharow serves as a lead counsel in this class action lawsuit on behalf of lawn care professionals and property owners against E. I. du Pont de Nemours and Company for damage to trees and other vegetation caused by DuPont's herbicide Imprelis®.

In re InterMune Securities Litigation
We obtained a $10.4 million settlement in this case involving allegations of securities violations by means of false and misleading statements relating to the company’s improper marketing and sale of one of its products.

In re International Business Machines Corp. Securities Litigation
In this securities fraud case against technology-giant IBM, we obtained a $20 million settlement.

In re J.Crew Shareholder Litigation
After extensive arm’s-length negotiations, the parties reached a revised agreement to finally and fully resolve the claims asserted in the underlying action and the settlement litigation. The revised settlement agreement increased the payment to J.Crew’s shareholders from $10 million to $16 million.

In re K12 Inc. Securities Litigation
On March 22, 2013, the Honorable Claude M. Hilton of the United States District Court for the Eastern District of Virginia, Alexandra Division preliminarily approved a settlement in the proposed class action, David Hoppaugh, Individually and On Behalf of all Others Similarly Situated v. K12 Inc., Ronald J. Packard and Harry T. Hawks, 1:12-cv-00103-CMH-IDD.

Lancer Funds Securities Class Action Settlement (Citco Settlement)
In this securities litigation alleging materially false and misleading financial statements made by the various defendants, we secured class action  settlements totalling more than $20 million.

Lancer Funds Securities Class Action Settlement (PwC Settlement)
On March 16, 2009 and May 6, 2009, the Honorable Kenneth A. Marra of the United States District Court for the Southern District of Florida granted final approval to two partial settlements proposed by some of the parties in the now certified securities fraud class action, Bruhl, et al. v. PricewaterhouseCoopers, et al. (S.D. Fla. 03-23044).

In re Lehman Brothers Equity/Debt Securities Litigation
$90 million settlement with the Directors and Officers and $426.2 million in settlements with 50 of the 51 underwriter defendants were obtained in this securities litigation arising from the subprime mortgage debacle. The case continues against the remaining defendants, UBS and E&Y.

In re Limelight Networks, Inc. Securities Litigation
A $1.9 million settlement was obtained in this securities litigation.

In re Lorazepam and Clorazepate Antitrust Litigation
We secured a $147 million settlement in this lengthy and complex antitrust case against Mylan Laboratories, and received laudable recognition from the court.

In re Marine Hose Antitrust Litigation
In a case of an alleged global conspiracy to unlawfully fix prices of marine hoses, we obtained a settlement of $31.7 million.

Massachusetts Bricklayers and Masons Trust Funds v. Deutsche Alt-A Securities, Inc., et al. (Deutsche Mortgage Pass-Through Certificates Securities Litigation)
In this case involving allegations of omitted material information and false statements, as co-lead counsel we secured a $32.5 million settlement.

In re Maxim Pharmaceuticals, Inc. Securities Litigation
We obtained favorable results in this case involving allegations of misleading misstatements about the company’s then key drug in development.

MCI WorldCom, Inc.
Labaton Sucharow secured a settlement in an individual action brought by our clients SunTrust Bank and Trusco Capital Management, Inc. against former underwriters, auditors and directors of WorldCom, Inc.

In re Medco/Express Scripts Merger Litigation
After hard-fought negotiations, the settlement terms increased the rights of Medco/Express Scripts shareholders.

In re Mercury Interactive Securities Litigation
As co-lead counsel, we secured a total sum of $117.5 million, at the time one of the largest settlements in a stock options backdating litigation.

In re Metromedia Fiber Network, Inc.
We obtained an $8.75 million settlement in this case involving securities fraud allegations.

In re Molson Coors Brewing Co. Securities Litigation
A $6 million settlement was obtained in this cross-border securities litigation.

In re Monster Worldwide, Inc. Securities Litigation
We obtained a $47.5 million settlement in this stock options backdating litigation.

In re Mutual Funds Investment Litigation – Bank of America / Nations Sub-Track
We obtained favorable results in this case involving allegations of wrongful late trading and market timing.

In re National Australia Bank Securities Litigation
We argued this case before the Supreme Court and although the Court’s decision is disappointing, Labaton Sucharow continues to fight for the cause of shareholder rights to the full extent allowable by U.S. law.

National Metals, Inc. vs. Sumitomo Corporation, et al.
In this case alleging a worldwide manipulation of copper prices, we obtained a $10.75 million settlement.

In re Natural Gas Commodity Litigation
Labaton Sucharow served as co-lead counsel in the recently-settled case In re Natural Gas Commodity Litigation, which involved manipulation by dozens of large energy companies of the price of natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

In re NovaGold Resources Inc. Securities Litigation
The largest securities settlement at the time under Canada’s class action laws. The case involved allegations that NovaGold misled its investors regarding the economic feasibility of its largest mining project, Galore Creek.

In re NYSE Euronext Shareholders Litigation
We played a leadership role in this landmark shareholder litigation and cemented our reputation as a leader in the field.

In re Oppenheimer Champion Fund Securities Fraud Class Actions
We obtained a total of $100 million in settlements for two related securities class actions against OppenheimerFunds, involving allegations of omissions and materially false or misleading statements to the investing public regarding the investment profile and objectives of the Funds.

In re Oppenheimer Core Bond Fund Class Action Settlement
We obtained a total of $100 million in settlements for two related securities class actions against OppenheimerFunds, involving allegations of omissions and materially false or misleading statements and omissions to the investing public regarding the investment profile and objectives of the Funds.

In re Packaged Ice Antitrust Litigation
The Court granted final approval of a $13.5 million partial settlement with defendant Home City Ice, who pled guilty to the conduct alleged in the complaint

In re Polyurethane Foam Antitrust Litigation
Labaton Sucharow serves on the Executive Committee in this lawsuit filed on behalf of a proposed class of direct purchasers of polyurethane foam. 

In re PriceSmart, Inc. Securities Litigation
We obtained a $2.35 million settlement.

In re Prudential Bache Energy Income Partnerships
Firm Chairman Lawrence Sucharow and Partner Joel Bernstein served as members of the executive committee of class counsel in In re Prudential Bache Energy Income Partnerships, a major class action litigated in federal court in the Eastern District of Louisiana beginning in early 1991, which resulted in a $91 million settlement.

In re Prudential Securities Incorporated Limited Partnerships Litigation
Firm Chairman Lawrence Sucharow and Partner Joel Bernstein were among class counsel in In re Prudential Securities Incorporated Limited Partnerships Litigation, MDL Docket No. 1005, a major class action involving the sale of risky limited partnerships where the $110 million settlement was approved by the Court on November 20, 1995.

In re Puerto Rican Cabotage Antitrust Litigation
To date, we secured $52 million in settlements in this litigation involving a conspiracy to eliminate competition in the market for ocean freight services between in the continental US and Puerto Rico.

Ramsey v. MRV Communications et al.
In this case of alleged stock options backdating, we secured a $10 million settlement.

In re Real Estate Associates Limited Partnership Litigation
After four years of intense litigation, including a five-week trial in federal court and six days of jury deliberations, we secured a unanimous verdict and a $185 million jury award.

In re Regions Morgan Keegan Closed-End Fund Litigation
We recently reached a $62 million settlement in a victory for investors taking on mutual funds.

In re RehabCare Group, Inc., Shareholders Litigation
We obtained a cash resolution as well as key reforms such as enhanced disclosures and an amended merger agreement in this shareholder litigation.

In re Royal Group Technologies Securities Litigation
As co-lead counsel, we secured a C$9 million settlement in this securities litigation against Royal Group Technologies in Canada.

Rubin v. MF Global, Ltd., et al. (In re MF Global Securities Litigation)
A $90 million settlement was obtained in this case involving allegations of material misstatements and omissions in a Registration Statement and Prospectus issued in connection with MF Global’s IPO.

In re SafeNet, Inc. Securities Litigation
As co-lead counsel, we obtained a $25 million settlement in this stock options backdating case involving securities violations.

In re Satyam Computer Services, Ltd. Securities Litigation
In the case known as “India’s Enron,” as co-lead counsel, we obtained more than $150 million in collective settlements, which includes $25.5 million settlement with the company’s auditor.

In re Schering-Plough Corporation / ENHANCE Securities Litigation
We represent lead plaintiff in this case alleging that Schering-Plough made a series of material misrepresentations and omissions concerning the commercial viability of two prescription drug products, ZETIA® and VYTORIN®.

In re Spectranetics Corporation Securities Litigation
An $8.5 million settlement was approved in this case alleging securities fraud.

In re St. Paul Travelers Securities Litigation I
We secured a $67.5 million settlement,at the time, one of the largest in the history of the District of Minnesota and the Eighth Circuit.

In re St. Paul Travelers Securities Litigation II
In the second of two cases brought against St. Paul Travelers, we obtained a $77 million settlement in this case involving St. Paul’s alleged participation in an insurance cartel and misuse of finite insurance.

In re STEC, Inc. Securities Litigation
On February 11, 2013, the Honorable James V. Selna of the United States District Court for the Central District of California preliminarily approved a settlement in the proposed class action, In re STEC, Inc. Securities Litigation, SACV 09-01304-JVS (MLGx). The settlement resolves all claims in the action against STEC, Inc. (“STEC”) and the Individual Defendants, Manouch Moshayedi, Mark Moshayedi and Raymond Cook (collectively, the “Defendants”), in exchange for a payment in the amount of $35.75 million in cash, plus interest.

In re Sterling Foster & Co., Inc. Securities Litigation 
Beginning in October, 1994, the New York brokerage firm of Sterling Foster & Co. and its officers, along with others, engaged in a fraudulent scheme to acquire tens of millions of dollars in illicit profits through fraudulent underwritings of public offerings of six companies.

In re Stock Exchange Options Trading Antitrust Litigation
As co-lead counsel, we obtained a recovery of more than $47 million in this case involving allegations of anticompetitive conduct.

In re SupportSoft, Inc. Securities Litigation
As co-lead counsel, we obtained a $10.7 million settlement.

The Boeing Company Derivative Class Action
A landmark settlement establishing unique and far-reaching corporate governance standards on ethics compliance.

In re The Student Loan Corporation Litigation
We successfully protected the minority shareholders of the Student Loan Corporation in connection with a complex web of proposed transactions that ran contrary to shareholders' interest.

In re Transaction Systems Architects Securities Litigation
A $24.5 million settlement in this securities litigation.

In re TriCor Indirect Purchaser Antitrust Litigation
We obtained a $65.7 million settlement in this case involving allegations of anticompetitive conduct in the pharmaceutical industry.

In re Van der Moolen Holdings N.V. Securities Litigation
In an action that arose from the 2003 specialist scandal, in which numerous specialists on the New York Stock Exchange were accused of engaging in front-running or trading ahead of their clients, we obtained an $8 million settlement as co-lead counsel.

In re Veritas Software Corporation Securities Litigation
We secured a $21.5 million securities settlement.

In re Vesta Insurance Group, Inc. Securities Litigation
This securities class action resulted in a combined settlement of $78 million.

In re Warfarin Sodium Antitrust Litigation
As co-lead counsel, we obtained a $44.5 million settlement along with an important Court of Appeals decision upholding the right of indirect purchasers to bring antitrust claims in federal court seeking to enjoin anticompetitive conduct.

In re Waste Management, Inc. Securities Litigation
Not only did we obtain $457 million settlement at the time, one of the largest securities class action recoveries in history, but we also secured substantial corporate governance reforms.