New York – Resolved Cases
In re Bank of America Corporation Stockholder Derivative Litig.
Jurisdiction: S.D.N.Y.
City: New York
Case Status: Resolved
A derivative action by Bank of America Corporation stockholders relating to the January 2009 acquisition of Merrill Lynch & Co. that concluded in a settlement which included a $62.5 million payment to Bank of America.
In re Empire State Realty Trust, Inc. Investor Litig.
Jurisdiction: NY Supreme Court
City: New York
Case Status: Resolved
A settlement consisting of $55 million cash settlement fund and over $100 million in tax benefits, secured for investors who owned the Empire State Building, as well as several other Manhattan properties, whose interests and assets were proposed to be consolidated pursuant to an allegedly unfair transaction in violation of fiduciary duties into a new entity called Empire State Realty Trust Inc.
In re Paine Webber Limited Partnerships Litig.
Jurisdiction: S.D.N.Y.
City: New York
Case Status: Resolved
Securities fraud class action brought on behalf of limited partners who had invested in limited partnerships that PaineWebber organized and/or marketed. The class recovered a total of $200 million.
In re Prudential Securities Incorporated Limited Partnerships Litig.
Jurisdiction: S.D.N.Y.
City: New York
Case Status: Resolved
Limited partners in public limited partnerships that were marketed by Prudential alleged wide-ranging violations of the federal anti-racketeering law. The class recovered from Prudential and other defendants $130 million in settlements.