Kentucky Retirement System

On December 27, 2017, CGL and three other firms filed a massive derivative and taxpayer suit to protect the Kentucky Retirement System. The Plaintiffs in the case are participants in the plan; the Defendants include three large hedge fund sellers as well as advisors to the plan. For more press: • KKR, Blackstone Sued by [...]

2018-01-28T04:32:08+00:00January 3rd, 2018|Cases, Complex Litigation, Securities Fraud and Corporate Governance|

First Regional Bancorp Securities Litigation

In Buttonwood Tree Value Partners, LP, et al. v. Jack A. Sweeney, et al., Civil Action No. 10-cv-00537-CJC-MLG (U.S. District Court for the Central District of California), CGL was appointed co-lead counsel to represent investors who filed a securities fraud class action against certain former officers and directors (the “Defendants”) of First Regional Bancorp (“FRB”), [...]

Pleading Standard Under Private Securities Litigation Reform Act

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 [...]

WorldCom

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, [...]

Enron

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 [...]

IIF Data Solutions

Mr. Cynkar was brought in at the eleventh hour as part of a new legal team to help defend a 600-employee government contractor from accusations that it had defrauded the government in its GSA Schedule Contract. With over $100 million claimed in damages, and the threat of debarment from government contracting if found guilty, this [...]