Recent News

Settlement Alert: OmniVision Technologies, Inc.

3/18/2015 - On December 30, 2014, the parties in the consolidated class action lawsuit brought on behalf of the public stockholders of OmniVision Technologies, Inc.

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BR&B Files Class Action Lawsuit Against Orexigen Therapeutics, Inc.

3/12/2015 - Barrack, Rodos & Bacine announces that it has filed a class action lawsuit in the United States District Court for the Southern District of California on behalf of purchasers of Orexigen Therapeutics, Inc. ("Orexigen") (OREX) common stock during the period between March 3, 2015 and March 5, 2015, inclusive (the "Class Period"). The Case is No. 15-cv-557-CAB-MDD.

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BR&B Submits Third Circuit Amicus Brief on Behalf of the Robert F. Kennedy Center for Justice and Human Rights

2/11/2015 - On February 11, 2015, Barrack, Rodos & Bacine submitted an amicus brief on behalf of the Robert F. Kennedy Center for Justice and Human Rights, also known as Robert F. Kennedy Human Rights, in Trinity Wall Street v. Wal-Mart Stores, Inc., a dispute arising from Wal-Mart’s refusal to include a shareholder proposal in its 2014 proxy materials.

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Settlement Alert: Cheniere Energy, Inc.

2/10/2015 - On December 12, 2014, the parties in consolidated class and derivative lawsuits brought on behalf of the public stockholders of Cheniere Energy, Inc.

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Barrack, Rodos & Bacine Announces Appointment of New Partner

1/5/2015 - Barrack, Rodos & Bacine announces the promotion of attorney Lisa M. Port to partner, effective January 5, 2015.  At the Firm, Ms. Port has been involved in the prosecution of both class and derivative cases and was an integral member of the team prosecuting In re American International Group, Inc. 2008 Securities Litigation, which recently settled for $970.5 million and is currently pending final Court approval.  Ms. Port is also involved in the Firm's prosecution of In re DFC Global Corp.

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Court Allows Derivative Action Against Dow Chemical Management and Board of Directors to Proceed

11/18/2014 - The Honorable Sue L. Robinson of the United States District Court for the District of Delaware has denied the defendants’ motion to dismiss in Kaufman v. Allemang, et al., Civ No. 13-359-SLR, a derivative action brought against the board of directors and highest-paid officers of The Dow Chemical Corporation, alleging violations of section 14(a) of the Securities Exchange Act of 1934.  Barrack, Rodos and Bacine serves as counsel in the action, representing a stockholder plaintiff.   

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Barrack, Rodos & Bacine Announces Record Settlement of AIG 2008 Securities Class Action

8/4/2014 - Barrack, Rodos & Bacine, a lead counsel in the American International Group, Inc. 2008 Securities Litigation class action lawsuit pending in the U.S.

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U.S. Supreme Court Reaffirms Vitality of Fraud-on-the-Market Theory Used by Securities Class Action Plaintiffs

6/23/2014 - The United States Supreme Court issued its much-anticipated ruling in the Halliburton Co. v. Erica P. John Fund, Inc. securities class action.  In a victory for investors, the Court rejected a direct challenge to the “fraud-on-the-market” theory, which has been a lynchpin of securities fraud class action litigation for almost 30 years.  In 1988, the Supreme Court held in Basic v.

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Barrack, Rodos & Bacine Appointed Co-Lead Counsel in Cheniere Energy, Inc. Class and Derivative Action

6/19/2014 - Following the extensive work that BR&B and its co-counsel have done on behalf of Cheniere Energy shareholders, the Delaware Court of Chancery approved appointment of BR&B as one of the co-lead counsel for the lawsuits against Cheniere Energy, certain of its senior executives and its board members.  BR&B’s work on behalf of shareholders included an extensive investigation into the circumstances of the awards of millions of shares of Cheniere stock to company executives, board members and consultants, and the May 29, 2014 filing of a complaint challenging those stock awards a

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