Headlines Archives - Page 15 of 21

$2 Million Arbitration Award for Violation of Non-Solicitation and Exclusive Sales Territory Agreement

Heat Controller International, LLC (“International”), had a global, with an emphasis on Asia, supply and distribution network for air conditioning equipment that had been developed over the course of many years. In 2002, International entered into a contract with Heat Controller, Inc. (“HCI”) to supply air conditioning goods to HCI and to sell HCI’s goods outside the U.S. and...

Management-Led Buyout Results In $200 Million Settlement

Management-led buyout disputed by class ‘Going-private’ takeover deal criticized, deemed less than value of shares By: Michigan Lawyers Weekly Staff in Verdicts & Settlements August 19, 2011 In a class-action lawsuit filed in Shawnee County District Court in Kansas, shareholder plaintiffs challenged the acquisition of defendant Kinder Morgan, Inc. (KMI) by a group led by Richard Kinder, KMI’s largest...

Securities Class Action Settles For $12.26 Million

Auto supplier management accused of fraud Class action contends improper accounting led to company’s collapse By: Michigan Lawyers Weekly Staff in Verdicts & Settlements October 15, 2010 In a class-action lawsuit filed in U.S. District Court for the Eastern District of Michigan, plaintiff Craig D. Epstein and approved class members sought damages from defendants Heartland Industrial Partners, L.P.; Heartland...

$12 Million Settlement – Automotive Shareholder Class Action

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...

In re AIG 2008 Securities Litigation – SDNY Opinion Denying Defendants’ Motions to Dismiss

Only 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.,...

Thomas Vestevich, et al v. 545 Corporation, et al245 Mich. App. 759, 630 N.W.2d 646 (2001)

630 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....

Former president asserts financial oppression

Former 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...

$20M Settlement – Securities Fraud Class Action

Falsely 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...

A Michigan Firm with National Prominence

ATTORNEYS 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...

$550,000 settlement

$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...

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