We directed a nationwide coalition of hundreds of public interest organizations and state and local government entities in a multi-million dollar legislative campaign to protect investor rights. The campaign prevented the worst aspects of proposed limits on the rights of investors from being enacted by Congress in the 2006 Private Securities Litigation Reform Act (PSLRA). [...]
The firm filed an amicus curiae brief in Tellabs, Inc. v. Makor Issues & Rights on behalf of Public Citizen and the Center for Study of Responsive Law (a Ralph Nader organization) addressing the heightened pleading standard under the Private Securities Litigation Reform Act (PSLRA). We urged the Court to interpret that standard to ensure [...]
CGL assisted lead counsel and the lead plaintiff, the New York Common Public Retirement Fund, in the enormous securities class action In re WorldCom, Inc., Securities Litigation. First, we served as Washington counsel, monitoring relevant Congressional and regulatory developments, where we succeeded in getting a crucial amendment on securities fraud into the Sarbanes-Oxley Act. Second, [...]
CGL served as Washington Counsel in the Enron-related securities litigation In re Enron Corp. Sec., Derivative, which recovered over $7 billion on behalf of the injured parties, the largest recovery ever obtained for investors victimized by corporate fraud. With litigation led by the Regents of the University of California, the firm worked on a host of [...]
Jonathan Cuneo and Charles LaDuca were co-lead counsel in a bi-national settlement of approximately $345 million for the defective radiant heating hose known as Entran II. Beyond these enormous settlement numbers, the court noted the moment of the case and dedication of our team: "the settlement is extraordinarily advantageous given the transaction costs which individual [...]
Charles LaDuca was co-lead counsel in the Kitec Brass Fitting Litigation. On November 17, 2011, Judge Royal Furgeson, Senior Judge in the Northern District of Texas, granted final approval to a $125 million settlement concerning defective Kitec Plumbing Systems. For more information on the Settlement please go to: www.kitecsettlement.com
CGL was co-lead counsel in the CertainTeed roof shingle litigation. On September 1, 2010, the Hon. Judge Louis H. Pollak of the U.S. District Court for the Eastern District of Pennsylvania approved a settlement valued between $655 to $741 million on behalf of consumers. Approximately 75,000 class members have submitted a claim, and the claim [...]
The firm was co-lead counsel in this class involving all 21,000 salaried retirees of McDonnell Douglas Corporation in seeking to reinstate their rights to health and welfare benefits after termination by the corporation. The firm succeeded in obtaining a settlement in the approximate amount of $450 million on behalf of the retirees.
Mr. Cynkar, while at another firm, was lead counsel representing New York Life in New York Life Insurance Co. v. United States, a case against the federal government to recover medical expenses of New York Life's older agents that should have been paid by Medicare. New York Life had erroneously paid for the medical expenses [...]
Mr. Cynkar, while at another firm, was part of a team representing the Blue Cross & Blue Shield Association challenging Medicare regulations promulgated under a federal statute that makes Medicare a payer secondary to private insurers in certain circumstances, and requires reimbursement of Medicare when it has improperly made a primary payment. Mr. Cynkar successfully [...]