Professors Stephen J. Choi and A.C. Pritchard have recently published a study finding that private securities litigation provides as a greater deterrent effect on securities fraud than do SEC investigations — when only one or the other has been filed. The study also finds that the best outcome for investors is when there are parallel SEC investigations and private securities litigation. Choi and Pritchard, SEC Investigations and Securities Class Actions: An Empirical Comparison, New York U. School of Law, Law & Economics Research Paper Series Working Paper No. 12-28 (December 2012).Read More
Korean Air Lines Co., Ltd. pays U.S. consumers Tens-of-Millions to settle claims of price-fixing surcharges
The U.S. Federal District Court for the Central District of California announced that Korean Air Lines Co., Ltd. settled charges of price-fixing fuel surcharges lodged by U.S. consumers. Judge S. James Otero has ordered that the parties attend a hearing on March 25, 2013 to explain the settlement.
On behalf of Canadian consumers, Law Office of Andrew Morganti, JD, LL.M., Sutts Strosberg LLP, Harrison Pensa LLP, and Camp Fiorante are the co-lead counsel in the action pending against Korean Air Lines Co., Ltd., in Canada. Plaintiffs retained Dr. Douglas West, University of Alberta, to serve as the consumers’ expert. Dr. West earned his Ph.D. from University of Michigan and has provided expert testimony on behalf of the Canadian Competition Bureau.
During September 2011, Canadian plaintiffs served Korean Air Lines Co., Ltd. with their amended statement of claim and expert report in support for certification.Read More
Boston University School of Law’s graduate program in banking and financial law is the oldest LL.M. program of its kind in the United States. The program offers both U.S. and foreign trained lawyers a review of banking and financial laws as well as the ability to register for courses offered by the business school.
On February 27, 2013, Associate Director Martin A. Lacdao will host Andrew Morganti to present to students of the LL.M. Banking & Financial Law program during an extended luncheon. The presentation will discuss the growth of cross-border arbitration and litigation and the importance of lawyers to understand their clients’ financial goals in order to provide prudent legal advice. Mr. Morganti will also discuss how having an understanding of banking and financial matters allows lawyers to advise their clients of litigation opportunities to convert capital losses into capital gains.
Andrew Morganti earned his LL.M. International Banking & Financial Law from Boston University in 1999.Read More
Honigman Miller Schwartz & Cohn LLP partner Cy Moscow invites Andrew Morganti to Lecture at University of Michigan Law
Cy Moscow, partner of leading Detroit-based law firm Honigman Miller Schwartz & Cohn LLP, and adjunct professor at University of Michigan School of Law, has invited Andrew Morganti to lecture to third-year students in his advanced securities regulations course on the topic of shareholders’ rights litigation from the perspective of the buy-side institutional investor plaintiff. Mr. Morganti will address the individual and class actions concerning the Sino-Forest Securities Litigation (Ontario) and BP, plc Securities Litigation (Ontario, Texas, and England).
The Law Office of Andrew Morganti, JD, LL.M. is serving as lead counsel on behalf of Canadian investors in the BP, plc Securities Litigation (ON Superior Court of Justice, 12-cv-00462836-CP).Read More