Allergan Stock Losses Spawn ERISA Class Action – Bloomberg BNA

Zamansky LLC recently filed an ERISA class action on behalf of current and former Allergan plc employees to recover lost retirement savings resulting from an alleged price-fixing scheme.  Allergan’s alleged price-fixing has prompted investigations by the Department of Justice, and other lawsuits filed by California’s attorney general and the Federal Trade Commission. Click here to …

Jacob Zamansky Quoted in Bloomberg BNA Securities Law Daily – FINRA to Seek Expedited Small Claim Arbitration via Phone

FINRA recently released a report detailing plans for an expedited phone hearing option for those parties involved in an arbitration with a claim of $50,000 or less.  The report also draws attention to improvements in FINRA’s efforts to diversify its arbitrator pool, however Jacob Zamansky disagrees.  “Although FINRA has incremental changes in this area, the …

L-3 Execs Named in New ERISA Lawsuit Over Stock Losses – Bloomberg BNA

Zamansky LLC recently filed an ERISA class action on behalf of current and former L-3 employees to recover lost retirement savings in the wake of an accounting fraud.  Samuel Bonderoff, Zamansky LLC partner, told Bloomberg BNA that this lawsuit contains specific factual allegations and “builds off L-3’s recent $1.6 million settlement with the Securities and …

Jacob Zamansky Quoted in Bloomberg BNA Securities Law Daily – Trump’s SCOTUS Picks Not Seen as Investor Friendly

President Donald Trump’s U.S. Supreme Court front-runners—Judge Thomas Hardiman of the U.S. Court of Appeals for the Third Circuit, Judge Neil Gorsuch of the Tenth Circuit and Judge William Pryor of the Eleventh Circuit—appear to be more “issuer” and “broker-dealer friendly” than “investor friendly.”  However “no matter whom Trump nominates, there’s likely to be further …

Zamansky LLC Successfully Obtains Preliminary Approval of J.C. Penney ERISA Class Action Settlement

Zamansky LLC, as sole interim class counsel, successfully obtained preliminary approval of a $4.5 million settlement for J.C. Penney employees in an ERISA class action over misrepresentations related to J.C. Penney’s “fair and square” pricing strategy. In Law360’s JC Penney Wins Initial OK for $4.5M ERISA Deal article by Fola Akinnibi, Jacob Zamansky said, “[o]n …

Jacob Zamansky Quoted by New York Law Journal

Securities Defense Bar Praises Trump SEC Pick, New York Law Journal, by Christine Simmons President-elect Donald Trump nominated Jay Clayton, a partner at Sullivan & Cromwell, to lead the U.S. Securities and Exchange Commission, a nomination that securities litigators and other lawyers who have worked with Clayton greeted with enthusiasm. Jacob Zamansky said Clayton appears …

Jacob Zamansky Published in Wall Street Lawyer – Securities in the Electronic Age

Jacob Zamansky’s blog post Could The DOL’s New Fiduciary Duty Rule For Retirement Accounts Boomerang On Investors? was recently published as an article in the November 2016 issue of Wall Street Lawyer – Securities in the Electronic Age (Volume 20, Issue 11).  The article, which discusses the Fiduciary Duty Rule passed by the U.S. Department …

FINRA Still Struggling to Diversify Arbitrator Pool

The Financial Industry Regulatory Authority told Bloomberg BNA that it has dramatically expanded resources to tackle recruitment and diversity concerns, while admitting there’s more work to be done in what’s likely to be a “long slow process with incremental progress.” That’s not fast enough for attorneys who represent investors, such as Jacob H. Zamansky of …

Little-Discussed Aspect of CFPB Ruling Could be Boon to Lawyers

Lawyers who advise banks, mortgage lenders and other industries regulated by the Consumer Financial Protection Bureau were hit by a blizzard of calls and inquiries this week by clients who are feeling more confident in challenging the agency after a court ruling limited its authority and rejected its statutory interpretations. While the constitutional authority issue …

Puerto Rico’s New Control Board Has A Huge Mess To Clean Up

Puerto Rico is still basking in the glory of Monica Puig’s gold medal win in tennis at the Olympics in Brazil. She is the first Olympic gold medal winner in any sport for the island commonwealth. Unfortunately, Puig’s victory is where the good news ends for the island. Regular readers of this blog know that …