From the category archives:

    Case News

    Schubert Firm Announces Final Approval of $3.6 Million Settlement in Madoff “Feeder Fund” Case

    On October 7, 2011, Judge Richard A. Kramer of the San Francisco Superior Court granted final approval of the $3.6 million settlement in Herron, et al. v. Lark Creek Investment Management Company, et al., Case No. CGC-10-496342.  The Schubert Firm served as Co-Lead Class Counsel in the case.  Plaintiffs’ investments in the feeder fund Starlight, L.P., which invested nearly all [...]

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    Google’s Attempt to Dismiss AdWords Class Action Fails

    United States District Judge James Ware, of the Northern District of California, appointed the Schubert firm lead counsel in a class action brought on behalf of internet advertisers participating in Google Inc.’s (GOOG) AdWords Program. The complaint alleges that, despite Google’s claims that it was placing ads on high quality “search” and “content” sites targeted [...]

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    Alabama Supreme Court Rejects Appeal of $2.9 Billion Judgment in HealthSouth Fraud

    The Alabama Supreme Court has rejected an appeal by former HealthSouth Corporation CEO Richard Scrushy, who sought reversal of a $2.9 billion judgment obtained in a shareholder derivative suit brought on HealthSouth’s behalf. After an eleven day non-jury trial, Judge Allwin E. Horn, III, an Alabama Circuit Court judge, previously found that Mr. Scrushy knew [...]

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    Schubert Firm Announces Final Approval of Class Action Settlement with AT&T Over Unpaid and Late Rebate Payments on DSL Modems

    On May 16, 2011, Judge Richard A. Kramer of the San Francisco Superior Court granted final approval of the settlement in Gewalt v. AT&T Services, Inc., Case No. CGC-07-469792. The Schubert Firm served as Class Counsel in the case. The complaint alleged that the defendants deceptively advertised and failed to honor their promises to rebate [...]

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    Schubert Firm Obtains Important Legal Ruling in Toll Bros. Case

    On March 3, 2010, Vice Chancellor J. Travis Laster of the Delaware Chancery Court upheld the shareholder derivative complaint alleging over $615 million in insider trading by the Board of Directors of Toll Brothers Inc. (TOL), a large luxury home builder.  In upholding the complaint, the Court rejected each of defendants’ arguments, finding that the [...]

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    Schubert Firm Co-Counsel in $169 Million Options Backdating Settlement

    The Schubert Firm is co-counsel in the settlement of an alleged options backdating fraud by Juniper Networks, Inc. (JNPR).  The complaint alleged claims that Juniper fraudulently backdated stock options, in violation of the Securities and Exchange  Act of 1934 and the Securities Act of 1933.  The $169 Million settlement is subject to approval by United [...]

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    Schubert Firm Co-Counsel in $205 Million Marsh & McLennan Settlement

    The Schubert Firm as co-derivative counsel helped obtain a $205 million settlement in a shareholder derivative action brought on behalf of Marsh & McLennan Companies (MMC).  The complaint alleged that MMC, the world’s largest insurance broker, failed to adequately disclose to its clients that it was paid contingent commissions to steer insurance business to favored [...]

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    Schubert Firm Obtains Important Legal Ruling in i2 Technologies Case

    In upholding plaintiff’s shareholder derivative complaint against a former i2 Technologies, Inc. (ITWO) officer, Delaware Chancellor William Chandler ruled that plaintiff had adequately alleged that the Board’s negligence in approving the sale of a subsidiary to the officer demonstrated that its actions were not a valid exercise of its business judgment. The Chancellor then held [...]

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