Rough Road to Recovery Criminal charges, and bankruptcy impede securities fraud class-action case By: Douglas Levy in News Stories October 15, 2010 October 15, 2010 As E. Powell Miller and Marc L. Newman can attest, pursuing a class-action lawsuit involving securities fraud can become difficult when the company being sued files for bankruptcy. Naturally, Newman said, “it limits the...
Continue ReadingOnly the Westlaw citation is currently available. United States District Court, S.D.New York. In re AMERICAN INTERNATIONAL GROUP, INC.2008 SECURITIES LITIGATION. This Document Relates To: All Actions. Master File No. 08 Civ. 4772(LTS). Sept. 27, 2010. Barrack, Rodos & Bacine, by: Leonard Barrack, Esq., Jeffrey W. Golan, Esq. (pro hac vice), M. Richard Komins, Esq., Robert A. Hoffman, Esq.,...
Continue Reading630 N.W.2d 646245 Mich.App. 759, 630 N.W.2d 646 (Cite as: 245 Mich.App. 759, 630 N.W.2d 646) Court of Appeals of Michigan. Thomas VESTEVICH, d/b/a Thomas Vestevich, D.D.S., P.C., and Employees Profit Sharing Trust, Plaintiffs-Appellants, and 545 Corporation, Ronald W. Barringer, Marie Wilson, Ronald M. Griggs, Sam Rosemberg, Aleksey Kumming, Raisa Kumming, Steve Arens, Sandra Arens, Daniel Downs, Donald J....
Continue ReadingFormer president asserts financial oppression Defense claims buy-sell agreements were denied, but settlement is reached Plaintiff Jerry Stakhiv was a 25 percent shareholder of defendant L.S. Brinker Co., a general contractor/construction services firm for which Stakhiv served as company president since 2000. Defendants Larry Brinker and Donald Miller were the majority owners of L.S. Brinker, and also were owners...
Continue ReadingFalsely Claimed Revenue, Earnings Result in $20M Settlement In Proquest Securities Litigation $20 Million settlement in In re Proquest Securities Litigation Company falsely claimed revenue, earnings. Company falsely claimed revenues, earnings. Stock drops drastically as ‘material irregularities’ not limited to just one sector. In a securities fraud class-action lawsuit filed in U.S. District Court, Eastern District of Michigan, the...
Continue ReadingATTORNEYS AT THE MILLER LAW FIRM, P.C. HAVE DEVELOPED a strong national reputation in the areas of securities fraud class actions and complex business litigation. E. Powell Miller, Marc L. Newman and David H. Fink have been named to the Michigan Super Lawyers® list. Miller has been recognized among the Top 10 attorneys in Michigan for 2009, and was...
Continue Reading$550,000 settlement in Breach of Contract case Distribution group, founder dispute contract Former CEO’s advisory agreement terminated after failed meeting $550,000 Plaintiff David Handleman was one of the founding members of the defendant Handleman Company (Company), formerly one of the largest U.S. distributors of prerecorded videotapes, music, computer software and books. Handleman served as its CEO and president for...
Continue Reading3.7 million settlement in Consumer Class Action for plaintiffs against T-Mobile for excess service charges T-Mobile settles class action filed under MCPA Subscribers repaid for excess service charges The plaintiff obtained a full refund of overcharges for class members after filing a class action under the Michigan Consumer Protection Act (MCPA). The lawsuit alleged T-Mobile overcharged its subscribers by...
Continue ReadingDownload United States District Court,E.D. Michigan,Southern Division.In re PROQUEST SECURITIES LITIGATION.No. 06-10619. Nov. 6, 2007. Background: Investors brought class action against publishing corporation and officers, alleging securities fraud. Defendants moved for dismissal. Holdings: The District Court, Cohn, J., held that: (1) investors pleaded scienter and control person liability as to divisional chief financial officer (CFO); (2) investors pleaded scienter,...
Continue Reading$312,000 settlement in Breach of Contract, Tortious Interference with Contractual Relationships and Business Expectations, Civil Conspiracy and Conversion case Tortious inference suit nets $312K settlement Plaintiff: Employment, service contracts were breached Scott D. Sample was an at-will sales employee of plaintiff Lytle Medical Technologies, Inc., and, as part of his employment signed a noncompetition and nonsolicitation agreement. One of the...
Continue Reading