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"Their effective and caring advocacy for clients has earned Lieff Cabraser its first-class reputation."
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Case Center
Brooks Automation
- Issue: Securities fraud
- Result: $7.75 million settlement
- 2008
In re Brooks Automation, Inc. Securities Litigation
Lieff Cabraser served as Court-Appointed Lead Counsel for lead plaintiff the Los Angeles County Employees Retirement Association and co-plaintiff the Sacramento County Employees' Retirement System in a class action lawsuit on behalf of purchasers of Brooks Automation securities.
Plaintiffs charged that Brooks Automation and its senior corporate officers and directors violated federal securities laws by backdating company stock options over a six year period, and failed to disclose the scheme in publicly filed financial statements. Subsequent to Lieff Cabraser's filing of a consolidated amended complaint in this action, both the Securities and Exchange Commission and the United States Department of Justice filed complaints against the Company's former C.E.O., Robert Therrien, related to the same alleged practices.
In October 2008, the Court approved a $7.75 million settlement of the action.
Practice Areas
Securities Brochure
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Read a copy of our Securities Practice Area Brochure.