Tag Archives: injunction

A Big Week for the Securities Bar: Amgen and Gabelli

Co-authored by: Marc D. Powers, Mark A. Kornfeld, and Jessie M Gabriel Editor’s Note: This Executive Alert was published by members of BakerHostetler’s Securities Litigation and Regulatory Enforcement Team and BakerHostetler’s Class Action Team. The Supreme Court last week issued two opinions of major importance to the securities bar. In Amgen Inc. v. Connecticut Retirement … Continue Reading

Madoff Trustee Successfully Stops Two Class Actions From Proceeding

Baker Hostetler serves as court-appointed counsel to Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Securities LLC (“BLMIS”). In January of 2011, the SIPA Trustee obtained approval from the United States Bankruptcy Court for a $5 billion settlement for BLMIS customers with allowed claims. At the same time, the Bankruptcy Court … Continue Reading

Seventh Circuit Orders Vacatur of Injunction

In Thorogood v. Sears, Roebuck & Co., 2012 WL 1508226 (7th Cir. May 1, 2012),  the Seventh Circuit considered the propriety of an All Writs Act injunction in the face of a copy-cat class action for a “near-frivolous” claim.  After detailing the abuse of the class action device by the plaintiffs’ lawyers, the Court nevertheless … Continue Reading

Madoff Trustee Victorious in Enjoining Competing Class Actions

Baker Hostetler serves as Court-appointed counsel to Irving H. Picard, SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”).  In December 2010, the Trustee obtained a $5 billion settlement for BLMIS customers with allowed claims.  Plaintiffs in putative class actions challenged the settlement and the Bankruptcy Court’s decision holding that the class … Continue Reading