Press Releases
New York – Kirby McInerney LLP is investigating potential claims against the Board of Director [more]
New York – Kirby McInerney LLP is investigating potential claims against the Board of Director [more]
New York – Kirby McInerney LLP is investigating potential claims against the Board of Director [more]
NEW YORK - On March 29, 2013, Judge Buchwald in the Southern District of New York issued her memorandum and order in In re LIBOR-Based Financial Instruments Antitrust Litigation, MDL No. 2262, No. 1:11-md-2262-NRB (S.D.N.Y.), the coordinated LIBOR litigation, on motions to dismiss the various actions. In re LIBOR is a consolidated action that consolidates various separate actions, including various proposed class actions on behalf of purchaser plaintiffs, such as exchange-based investors (e.g., investors who traded Eurodollar futures on exchanges), over-the-counter (SWAP) investors, and corporate bond investors, as well as various Charles Schwab entities (as individual plaintiffs). Aside from these four actions, all other cases have been stayed by Judge Buchwald pending her evaluation of the threshold legal issues addressed in this recent memorandum. [more]
NEW YORK - Kirby McInerney LLP announced today that it has been retained by an investor in Tangoe, Inc. (“Tangoe” or the “Company”) (NASDAQ: TNGO) to pursue claims in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased Tangoe securities between December 20, 2011 and September 5, 2012 (the “Class Period”). Other investors have already filed suit asserting claims against Tangoe and certain officers for violation of §10(b) of the Securities Exchange Act of 1934. [more]
NEW YORK, September 4, 2012 - Kirby McInerney LLP announced today that it is investigating potential claims against the Board of Directors of Medicis Pharmaceutical Corporation ("Medicis" or the "Company") (NYSE: MRX) related to the proposed acquisition of the Company by Valeant Pharmaceutical International, Inc. ("Valeant") (NYSE: VRX) for $44.00 per share in cash. The $44.00 per share price is a 39% premium to the Company's closing stock price the trading day before the transaction was announced. The all-cash transaction values the Company's common shares at approximately $2.6 billion based on the approximately 59 million shares outstanding. [more]
NEW YORK, August 29, 2012 - Kirby McInerney LLP is pleased to announce an agreement to settle the securities class action lawsuit titled In re Citigroup Inc. Securities Litigation, 07-cv-9901 (S.D.N.Y.) for $590 million. The suit was brought on behalf of investors who purchased or otherwise acquired shares of Citigroup common stock during the time period from February 26, 2007 through April 18, 2008 (the "Class Period"). [more]
NEW YORK, MAY 24, 2012 - The law firm of Kirby McInerney LLP announced today that it is investigating potential class action claims against American Home Mortgage Servicing, Inc. ("American Home") in connection with a scheme to improperly inflate the cost of force-placed hazard insurance charged to borrowers. [more]
NEW YORK, MAY 9, 2012 - The law firm of Kirby McInerney LLP announced today that it is investigating potential class action claims against Wells Fargo Home Mortgage in connection with a scheme to improperly inflate the cost of force-placed hazard insurance. [more]
NEW YORK, APRIL 30, 2012 - The law firm of Kirby McInerney LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York against GMAC Mortgage, LLC and Balboa Insurance Company in connection with an allegedly unlawful kickback scheme involving force-placed insurance. The case is brought on behalf of a putative class consisting of all residential mortgage borrowers who have been charged costs associated with force-placed insurance in connection with loans serviced by GMAC at any time from March 6, 2003 to the present. The case alleges that GMAC, a mortgage loan servicer, extracted kickbacks or bribes from Balboa, a provider of force-placed insurance coverage, which artificially inflated reimbursements sought by GMAC from borrowers. [more]
NEW YORK, August 29, 2012 - Kirby McInerney LLP has announced the $168 million settlement of a securities class action lawsuit against National City Corporation. The action, led by Kirby McInerney on behalf of the NY State Retirement Pension Fund, was brought on behalf of all persons who purchased or otherwise acquired the common stock of National City between April 30, 2007 and January 2, 2008, inclusive (the "Class Period"). [more]
NEW YORK, December 6, 2011 - Kirby McInerney LLP has announced the $75 million settlement of a securities class action lawsuit, led by KM on behalf of the New York City Pension Funds, against Wachovia Corporation. [more]
NEW YORK, September 1, 2011 - Kirby McInerney LLP today has announced the $3.85 million settlement of a whistleblower lawsuit relating to a decade-long customs fraud scheme conducted by a Hong-Kong based jewelry manufacturer and its affiliates. The action was filed by Kirby McInerney under the False Claims Act on behalf of its client, a whistleblower who learned about the fraudulent conduct. Under the False Claims Act, private parties who have knowledge of fraud committed against the government can file a fraud complaint on behalf of the United States and then share in the recovery. In this action, the whistleblower will receive approximately 19% of the $3.85 million settlement. [more]
NEW YORK, June 28, 2011 - Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Eastern District of New York on behalf of a proposed class consisting of all persons or entities who purchased Apple REIT Nine and/or Apple REIT Ten securities between June 16, 2008 and the present, inclusive (the "Class Period"). [more]
NEW YORK, April 19, 2011 - The law firms of Kirby McInerney LLP, Sturman LLC, and Motley Rice LLC announced today that they have filed a class action against 13 global banks on behalf of a number of investors, alleging that the banks colluded to misreport and manipulate Libor rates, thereby harming investors in futures, swaps, and other Libor-based derivative products between January 2006 and June 2009. [more]
WASHINGTON, D.C., December 7, 2010 – The firm appeared before the United States Supreme Court this morning, urging the Court to uphold the United States Court of Appeals for the Fourth Circuit’s decision reinstating Wiggins v. Janus Capital Group following dismissal in district court. [more]
NEW YORK, November 10, 2010 - Kirby McInerney LLP, Court-appointed lead counsel, announces that on November 9, 2010, the United States District Court for the Southern District of New York sustained, in substantial part, securities fraud claims against Citigroup, Inc. (NYSE: C) and certain of its senior officers - including Citigroup's former CEO Charles Prince, former CFO Gary Crittenden, and former Chairman Robert Rubin - centering on Citigroup's collateralized debt obligations ("CDOs"). [more]
NEW YORK, August 9, 2010 - Following President Obama's July 21st signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, the Law Firm of Kirby McInerney LLP has announced its formation of a focused Financial Whistleblower Litigation Group. [more]
BOSTON, January 27, 2010 - The Honorable Patti Saris of the United States District Court for the District of Massachusetts granted the City of New York and New York Counties' motion for summary judgment against 11 pharmaceutical manufacturers in In Re: Pharmaceutical Industry Wholesale Price Litigation. The decision states that the defendants violated New York Social Services Law 145-b by knowingly reporting fictitious prices on which Medicaid reimbursements were based. [more]
NEW YORK, October 15, 2008 - Kirby McInerney LLP has been appointed lead counsel to act on behalf of the New York City Pension Funds as lead plaintiff in two class actions filed against Wachovia Corporation ("Wachovia" or "the Company") in the Southern District of New York. [more]
NEW YORK, August 19, 2008 - Kirby McInerney LLP has been appointed lead counsel to act on behalf of a group of investors who have been appointed lead plaintiff in a securities class action against Citigroup Inc. The action is brought on behalf of all persons who purchased or otherwise acquired the common stock of Citigroup between January 2, 2004 and November 21, 2007, inclusive (the "class period"). [more]
NEW YORK, July 21, 2008 - Kirby McInerney is proud to announce that a team of our attorneys led by partner Joanne Cicala has procured a $11.5 million settlement in a Medicaid fraud suit against Bristol-Myers Squibb ("BMS"). The firm represented 43 New York Counties and the City of New York in this litigation. The recovery represents nearly the full value of the City/County Claims against BMS. Plaintiffs alleged that BMS caused the publication of fraudulent and inflated Average Wholesale Prices (AWPs) for their drugs, on which Medicaid payments are based. Joanne and her team continue to work on procuring further recoveries for our clients from the other defendants. [more]
NEW YORK, May 2007 - In 2007,Insitutional Shareholder Services,a top industry magazine, lauded KM for procuring the third highest recovery per shareholder, and the 7th highest overall in settlement recoveries on behalf of injured shareholders for 2006. [more]
KM News
Kirby McInerney LLP Announces $75 Million Settlement of Securities Class Action Against Wachovia >>
Kirby McInerney LLP Files Lawsuit Alleging 13 Banks Fixed Libor Rates >>
Court Upholds Major Claims Against Citigroup, Prince, Crittenden, and Rubin in KM-led Lawsuit >>
Kirby McInerney LLP Announces New Financial Whistleblower Group >>
Kirby McInerney LLP Procures $48 Million Settlement in Unocal Antitrust Litigation >>
