• Recently Filed Cases

    • Oppenheimer AMT-Free New York Municipals

      Weiss & Lurie announces its filing a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of shares of Oppenheimer AMT-Free New York Municipals (the “Fund”), an open ended mutual fund investing in high- yield municipal securities exempt from federal income and New York personal income taxes. Included are the Fund’s Class A, B and C shares (respectively, NASDAQ: OPNYX, NASDAQ: OPYBX, and NASDAQ: OPYCX) purchased from May 21, 2006 through and including October 21, 2008 (“Class Period”), who were damaged thereby. The complaint charges the Fund, Oppenheimer Funds, Inc., and certain of its officers and directors, with violations of the Securities Act of 1933 for failing to properly disclose the Fund’s investments in inverse floaters and the attendant risks.

  • Ongoing Cases

    • Deutsche Bank AG

      The law firm of Weiss & Lurie announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf all persons who acquired the 7.60% Trust Preferred Securities of Deutsche Bank Capital Funding Trust III (the “Securities”) (NYSE:DTK) pursuant or traceable to the materially false and misleading registration statement and prospectus issued in connection with the February 2008 offering of the Securities (the “Offering” or “Class”).

    • In Re: Department of Veterans Affairs (VA) Data Theft Litigation

      On May 3, 2006, computer equipment which was reported to contain personal information of military veterans, spouses of veterans, and military personnel, was stolen from the home of an employee of Veterans Affairs. The equipment was reported to contain information such as names, social security numbers, and dates of birth for up to 17.5 million individuals, as well as some disability ratings. The data did not include any health records or financial information. The computer equipment was later recovered on June 28, 2006 by the Federal Bureau of Investigation, whose review of the equipment indicated that the data had not been accessed. The lawsuit alleges that the Defendants violated federal law by not properly securing the information. The Defendants deny that they did anything wrong and the settlement does not mean that any law was violated.

    • In re FleetBoston Financial Corporation Securities Litigation

      This action alleges that the registration statement and prospectus filed by FleetBoston Financial Corporation ("FleetBoston") in connection with its merger with Summit Bancorp("Summit") contained materially false and misleading statements and omissions in violation of certain securities laws. In particular, the Amended Complaint contains allegations that the registration statement materially misrepresented and understated the severe risks faced by FleetBoston in its investments in Argentina, which violated Generally Accepted Accounting Principles (“GAAP”) and applicable regulatory rules and regulations. As a result of these alleged material misrepresentations and omissions, Summit shareholders received overvalued FleetBoston shares in the merger, and certain former Summit shareholders were damaged as a result of when they sold their FleetBoston shares.

    • GT Solar International, Inc.

      This is a securities class action seeking redress under the federal securities laws on behalf of all purchasers of GT Solar International, Inc. common stock pursuant or traceable to the Company’s false and misleading Registration Statement and Prospectus issued in connection with its July 24, 2008 initial public offering, seeking to pursue remedies under the Securities Act of 1933.

  • Settled Cases

    • Zapata Corp.

      The complaint alleges that defendants engaged in a plan and scheme to artificially inflate Zapata's stock price by materially misrepresenting to the investing public the business condition, strategy and future business prospects of Zapata.

    • Western Digital Corp.

      Plaintiffs bring this action as a class action, pursuant to Fed. R. Civ. P. 23, on behalf of a class of purchasers of the common stock of Western Digital to recover damages arising from defendants' violations of the federal securities laws. This class action is brought on behalf of a class of all purchasers of Western Digital common stock (the "Class") between July 25, 1996 and January 29, 1998 (the "Class Period"). This action involves a course of conduct by Western Digital insiders, officers and directors of the Company that was designed to, and did, defraud those who purchased Western Digital securities during the Class Period.

    • V-One Corporation

      The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period.

    • Vivus, Inc.

      The complaint alleged that throughout the Class Period, defendants repeatedly disseminated to the investing public bullish statements, including the reporting of the purportedly outstanding success and market acceptance of the Company's primary product, MUSE.