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William "Bill" Shannon Lerach (born March 14, 1946, [1] Ohio River Valley, [2] Midwestern United States) is an American disbarred lawyer who specialized in private Securities Class Action lawsuits. The $7.12 billion he obtained as the lead plaintiff's attorney in the case against Enron is currently the largest sum ever recovered in a group of ...
The Private Securities Litigation Reform Act of 1995, Pub. L. 104–67 (text), 109 Stat. 737 (codified as amended in scattered sections of 15 U.S.C.) ("PSLRA") implemented several substantive changes in the United States that have affected certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation, and awards fees ...
Katten's attorneys and practices have been ranked in the BTI Litigation Outlook, Chambers Global, Chambers USA, Chambers UK, The Legal 500 United States, The Legal 500 United Kingdom and US News – Best Lawyers “Best Law Firms.” [6] 2018 as a top-tier Honor Roll firm in the areas of IP Litigation, Class Actions, Securities and Finance Litigation, and Complex Employment Litigation. [7]
From 1998 to 2006, Dreier handled much litigation for Sheldon Solow, a billionaire real estate dealmaker. The most recent case was the unsuccessful eviction of Bank of America Securities LLC from his flagship Manhattan building, 9 West 57th St., on the dubious grounds that one of the bank's brokers had been accused of illegal trading.
Some notable decisions include the 1988 decision by the Supreme Court of the United States in Basic Inc. v. Levinson, which allowed class action lawsuits under SEC Rule 10b-5 and the "fraud-on-the-market" theory, which resulted in an increase in securities class actions. The Private Securities Litigation Reform Act and the state model law ...
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 ...
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