Recent News

BR&B Announces Supplemental Distribution of Funds Recovered from Fraudulent Filer in Quaker Oats Case

6/18/2014 - BR&B announces that the Honorable Rebecca J. Pallmeyer, of the United States District Court for the Northern District of Illinois, has signed an order permitting a supplemental distribution to claimants of recently-recovered funds in a 1998 class action on behalf of investors in the common  stock of The Quaker Oats Company that settled in 2001 for $9.9 million.  Prior distributions were made in 2003 and 2006.  The current distribution is being made as a result of the successful prosecution of Alvin J. Bosgang by the U.S.

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BR&B’s Class and Derivative Lawsuit Involving Cheniere Energy Yields Postponement of Shareholder Vote on Proposed Share Reserve Increase

6/2/2014 - Barrack, Rodos & Bacine announces that the class and derivative lawsuit it filed in the Court of Chancery of the State of Delaware on behalf of the public stockholders of Cheniere Energy, Inc.

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BR&B Files Class Action and Derivative Lawsuit Challenging Cheniere Energy's Compensation Awards and Proposed Share Reserve Increase

5/29/2014 - Barrack, Rodos & Bacine announces that it has filed a class and derivative lawsuit in the Court of Chancery of the State of Delaware on behalf of the public stockholders of Cheniere Energy, Inc.

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BR&B Attorneys Named to 2014 PA Super Lawyer List

5/22/2014 - Thomson Reuters, which publishes the annual Pennsylvania Super Lawyers magazine, has named several Barrack, Rodos & Bacine attorneys to its prestigious Super Lawyers list for 2014.  Senior Founding Partner Leonard Barrack and partners Jeffrey W. Golan and Mark R.

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BR&B Clients in Group Appointed as Lead Plaintiff in DFC Global Corp. Securities Litigation

4/10/2014 - The Honorable Berle M. Schiller has appointed an institutional investor group including BR&B clients as lead plaintiff and has appointed BR&B as co-lead counsel in West Palm Beach Police Pension Fund v. DFC Global Corp., et al., Case No. 13-cv-6731, pending in the United States District Court for the Eastern District of Pennsylvania.  Click here for a copy of Judge Schiller’s opinion

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BR&B Files Class Action Lawsuit Challenging Merger of Schawk Inc. and Matthews International Corp.

4/4/2014 - Barrack, Rodos & Bacine announces that it has filed a class action lawsuit in the Court of Chancery of the State of Delaware on behalf of the public stockholders of Schawk, Inc. against the company’s board of directors and controlling shareholders for breaches of fiduciary duties arising out of the sale of Schawk to Matthews International Corp.

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Decision Note: Delaware Chancery Court Finds Financial Advisor Liable for Inadequate Merger Price

3/7/2014 - In a recent noteworthy decision, Vice Chancellor Travis J. Laster of the Delaware Court of Chancery addressed the issue of aiding and abetting liability for investment banks in the context of a merger.  After a four-day trial in a case challenging the Warburg Pincus acquisition of Rural/Metro for inadequate consideration, the Chancery Court found RBC Capital, Rural/Metro’s investment bank, liable for aiding and abetting the company’s directors in breaching their fiduciary duties to Rural/Metro’s shareholders.

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Compensation for Republic Services Directors Limited by Derivative Action Settlement

2/19/2014 - BR&B served as counsel for plaintiff Frank David Seinfeld in Seinfeld v. Slager, a stockholder derivative action claiming that the board of directors of Republic Services, Inc. violated their fiduciary duties in awarding themselves excessive compensation.  After full briefing and argument on the defendants’ motions to dismiss, the Court sustained the complaint, finding that “[i]n reading the Complaint and the Stock Plan, I find no effective limits on the total amount of pay that can be awarded through time-vesting restricted stock units.

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BR&B Submits Supreme Court Amicus Brief on Behalf of Financial Economists Including Nobel Laureate Eugene Fama

2/5/2014 - In November 2013, the United States Supreme Court granted certiorari in Erica P. John Fund v. Halliburton, a securities fraud class action.  The Court agreed to hear Halliburton’s appeal of the district court’s decision to allow the lawsuit to proceed as a class action.  The Supreme Court is being asked to overturn the 1988 landmark decision in Basic, Inc. v.

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Court Grants Final Approval to $17.55 Million Fasteners Antitrust Settlements

1/24/2014 - Judge R. Barclay Surrick of the United States District Court for the Eastern District of Pennsylvania granted plaintiffs’ motion for final approval of settlements with William Prym Inc. and related entities, YKK Corporation and related entities, and Coats Holdings, Ltd.

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