Cravath Loses Bid to Dismiss Massey Shareholder Class Action

The AmLaw Litigation Daily
March 28, 2012

Joel H. Bernstein provides commentary on Massey litigation

"We are pleased that the court has upheld investors' rights to seek justice from these wrongdoers," Labaton partner Joel Bernstein wrote in an e-mail. "[Massey] promised their investors and employees that it had turned over a new leaf, that 'safety was first' and that human life was paramount. Believing that investors invested and the price of the stock went up."