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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 ...
In 1995, Congress passed the Private Securities Litigation Reform Act (PSLRA), claiming that the class action device was being used to injure "the entire U.S. economy" through nuisance filings, targeting of deep-pocket defendants, vexatious discovery requests, and "manipulation by class action lawyers of the clients whom they purportedly represent."
DirecTV#California class action lawsuit; Dow Chemical Company#Nuclear weapons; E18 error#Consumer response and class action; Ed Fagan#2002 Slavery class action lawsuit; Education Management Corporation#Securities fraud class action lawsuit dismissal; Envision EMI, LLC#Lawsuit filed; EverBank#Lawsuit; Fastenal#Employee class-action controversy ...
Nvidia, the AI-chip giant, petitioned the nation's highest court after a lower court permitted a 2018 class action lawsuit to move ahead.
California’s Private Attorneys General Act (PAGA) was originally passed to help workers file claims for labor law violations. Unfortunately, the law is being grossly manipulated, with attorneys ...
A securities class action (SCA), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws.
Attorneys for Elon Musk and OpenAI's Sam Altman went head to head in a California courtroom Tuesday. A judge considered Musk's bid to block OpenAI's transition to a for-profit entity. The judge ...
In March 2012, the SEC announced that a federal judge ordered the former CEO of Brookstreet Securities Corp., Stanley C. Brooks, to pay a maximum $10 million penalty related to the fraud action that the SEC filed against Brooks for systematically selling risky mortgage-backed securities during the financial crisis to customers with conservative ...