Multi-Million-Dollar Securities Class Action

Cohn Lifland Partners Peter Pearlman and Audra DePaolo recently helped secure a settlement fund of $102,500,000 in a securities class action. The action, which was filed in New Jersey Superior Court in Union County, alleged that a corporation and several of its current and former officers and directors violated certain provisions of the 1933 Securities Act in connection with its acquisition of another corporation. The settlement was approved by the Court after a hearing on February 10.