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Berman DeValerio Pease Tabacco Burt & Pucillo prosecutes class actions nationwide on behalf of institutions and individuals, chiefly victims of securities fraud and antitrust law violations. The firm has offices in Boston, San Francisco and West Palm Beach. It is currently litigating dozens of complex class action cases in courts around the country. |
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Berman DeValerio Announces Shareholder Suit
Against The First Marblehead Corporation
BOSTON, Mass., April 10, 2008 – An investor sued The First Marblehead Corporation (“First Marblehead” or the “Company”) (NYSE: FMD) in federal court today, accusing the student loan company of securities law violations, Berman DeValerio announced. Berman DeValerio Announces Shareholder Suit Against Force Protection, Inc. LADSON, S.C., April 17, 2008 – An investor has sued Force Protection, Inc. ("Force Protection" or the "Company") (NASDAQ: FRPT) in federal court, accusing the company of violating securities laws, Berman DeValerio announced today. Berman DeValerio Announces Shareholder Suit Against MoneyGram International, Inc. MINNEAPOLIS, Minn., April 7, 2008 – An investor has sued MoneyGram International, Inc. ("MoneyGram" or the "Company") (NYSE: MGI) in federal court, accusing the company of securities law violations, Berman DeValerio announced today. Arbitration Claims Against UBS Financial Services Seek Monetary Recovery, Berman DeValerio Announces West Palm Beach, Fla., April 16, 2008 – An investor lost nearly $1.3 million when UBS Financial Services, Inc., a subsidiary of UBS AG (NYSE: UBS) (collectively, "UBS"), lowered the value of securities that the broker had purported to be a safe investment, according to an arbitration statement of claim filed by Berman DeValerio. Berman DeValerio Appointed Lead Counsel in Smith & Wesson Case The Oklahoma Firefighters Pension and Retirement System has been named lead plaintiff in a securities class action against gun manufacturer Smith & Wesson. Berman DeValerio will prosecute the case as sole lead counsel. Berman DeValerio Negotiates $750 Million Settlement with Xerox and KPMG LLP Defendants in Carlson v Xerox Corp. have recently agreed in principle to pay $750 million to settle claims that Xerox, certain top officers and its auditor KPMG LLP violated federal securities laws. Berman DeValerio represents the Louisiana State Employees' Retirement System, one of three co-lead plaintiffs in the class action. Oklahoma Funds Named Lead Plaintiffs in American Home Mortgage Case Two Oklahoma retirement systems have been named co-lead plaintiffs in a consolidated class action accusing American Home Mortgage ("American Home") of violating federal securities laws. In their joint motion, the Teachers' Retirement System of Oklahoma and the Oklahoma Police Pension and Retirement System claim more than $3.5 million in losses as a result of the alleged fraud. Berman DeValerio was appointed one of two co-lead counsel. Investors Reach $65 Million Settlement With KLA-Tencor Corporation SAN FRANCISCO, January 24, 2008 – KLA-Tencor Corporation ("KLA-Tencor" or the "Company") (NASDAQ: KLAC) has agreed in principle to pay $65 million to settle a shareholder lawsuit alleging the Company illegally backdated stock option grants. Supremes Reject "Scheme Liability" On January 15, 2008, the Supreme Court issued its opinion in Stoneridge v. Scientific Atlanta, holding 5 to 3 that customers and suppliers of a company that fraudulently overstated its financial results could not be held liable by investors, even though the customers and suppliers knowingly and deceptively helped create the phony revenue. Berman DeValerio Files Suit Against State Street Berman DeValerio recently filed a class action against State Street Bank and Trust, Co. and State Street Global Advisors, Inc. ("State Street"), accusing the financial service giant of breaching its fiduciary duties in violation of the Employee Retirement Income Security Act ("ERISA"). |
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