SAN FRANCISCO, CA – Lieff Cabraser announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the publicly traded securities of MetLife, Inc. (“MetLife” or the “Company”) (NYSE: MET) between February 27, 2013 and January 29, 2018, inclusive (the “Class Period”). [Read more…]
Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of Super Micro Computer, Inc. (“Super Micro” or the “Company”) (Nasdaq: SMCI) between August 5, 2016 and January 30, 2018, inclusive (the “Class Period”). [Read more…]
Lieff Cabraser announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the publicly traded American Depositary Receipts (“ADRs”) of Kobe Steel, Ltd. (“Kobe Steel” or the “Company”) (OTC BB: KBSTY) between May 29, 2013 and October 12, 2017, inclusive (the “Class Period”). If you purchased or otherwise acquired the publicly traded ADRs of Kobe Steel during the Class Period, you may move the Court for appointment as lead plaintiff by no later than February 26, 2018. [Read more…]
Lieff Cabraser attorney Bruce W. Leppla will be speaking at the Investment Company Institute’s May 4, 2017 General Members Meeting on “Where are the Gatekeepers? The Need for Investment Firm Oversight of the Capital Markets.” Mr. Leppla and his partners represent institutional investors in major class and opt-out investment loss recovery litigation in circumstances where such losses are due to fraud or serious corporate misconduct. [Read more…]
Lieff Cabraser attorney Michael Miarmi will participate in a live CLE webcast addressing landmark securities fraud decisions on December 17, 2015. “Fraud-on-the-Market Theory: Presumption and Other Significant Issues and Updates in 2016 and Beyond Live Webcast” will be held on Thursday, December 17 from noon to 12 p.m. (Eastern). The discussion will center around the June 2014 U.S. Supreme Court decision in Halliburton Co. v. Erica P. John Fund, Inc. in which the foundation of securities class actions was called into question. [Read more…]
Lieff Cabraser attorney Bruce W. Leppla will be speaking at the Legal Executive Institute’s October 8, 2015 meeting on Board of Director fiduciary duties related to intellectual property valuation in the context of merger and acquisition (M&A) activity. With the dramatic rise of M&A activity involving the acquisition of companies with valuable intellectual property, the issue arises as to whether the Board of the company to be acquired has taken appropriate steps to value its intellectual property. Conventional valuation methods (e.g., discounted cash flow analysis, the use of comparables, etc.) may be of limited help. Mr. Leppla will examine the legal standards with respect to board fiduciary duty in this area and also review new, more innovative financial methods to assess valuation.
Lieff Cabraser partners Joy A. Kruse and Dean M. Harvey will be discussing the latest trends in class actions at the Eleventh Annual Comprehensive Conference on Class Actions on June 4th & 5th in Seattle, Washington. Hosted by Law Seminars International, the conference will bring together distinguished practitioners in state and federal class actions. Ms. Kruse will address developments in securities law on a panel entitled "Raising Capital: Class Actions and Market Manipulation." Mr. Harvey will speak on the "Cases at the Intersection of Class Actions and Employee Protection Regulations" panel.
Lieff Cabraser attorney Nicholas Diamand will be participating at the 2015 International Corporate Governance Network (ICGN) Annual Conference hosted by the City of London, at Guildhall from June 3-5, 2015. Diamand will chair a panel on “Legal Redress as a Corporate Governance Element of Shareholder Engagement: An International Perspective.” Institutional investors from the United Kingdom, Europe, and Australia will discuss the regional approaches to investor protection litigation and recovery.
Lieff Cabraser attorney Bruce W. Leppla will be speaking at the Investment Company Institute’s 2015 Legal Forum “ICI at 75: Facing the Future” on May 7, 2015, in Washington D.C. Leppla will be discussing the topic of investment funds as litigation plaintiffs at this year’s legal forum. The Legal Forum invites selected lawyers to give presentations to the investment management industry at the 2015 General Membership Meeting (GMM), the Legal Forum and various other conferences and workshops. Leppla is speaking this year at both the GMM meeting and the Legal Forum. He is the only plaintiffs’ lawyer to be invited, and is a frequent speaker at other ICI, International Foundation and NCPERS events.
Ohio Attorney General Mike DeWine today announced the $335 million settlement, subject to court approval, of a class-action lawsuit against The Bank of New York Mellon (“BNYM”) over claims that it unlawfully overcharged pension funds and other banking customers for foreign currency exchange (“FX”) trades. Combined with settlements with other regulatory and government agencies, the total gross compensation to BNYM’s customers will be $504 million. BNYM has agreed to pay an additional $210 million in penalties to the United States Department of Justice (“DOJ”) and other government agencies.