March 27, 2017

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On March 27, 2017, District Judge John G. Koeltl of the U.S. District Court for the Southern District of New York upheld securities fraud claims against Centrais Elétricas Brasileiras S.A. (“Eletrobras”) and certain of its executive officers on behalf of investors in the Company’s American depositary shares and bonds.

January 20, 2017

In a precedential ruling, a federal appeals court has revived a proposed data privacy class action against Horizon Healthcare Services, Inc., d/b/a Horizon Blue Cross Blue Shield of New Jersey that alleges defendant failed to secure sensitive personal information as required by federal statute. The complaint alleges that in early November, 2013, two laptop computers containing unencrypted medical and other personal information of more than 800,000 Horizon customers were stolen, putting the customers at actual serious risk of identity theft and loss of privacy.

October 28, 2016

A federal appeals court has revived a proposed shareholder class action against Arena Pharmaceuticals Inc. and certain of its former executives and directors that alleges defendant concealed safety concerns about Arena’s weight loss drug, lorcsaserin.  Kaplan Fox filed the initial complaint in September 2010 and has served as lead counsel for the lead plaintiff and proposed class since August 2011.

May 19, 2016

New York, New York - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) announces a $12.5 million settlement subject to court approval between Air India Ltd. ("Air India") and a plaintiff class in In re: Air Cargo Shipping Services Antitrust Litigation, 06-MD-1775 (JG) (VVP), a multi-district litigation pending in the Eastern District of New York.

September 28, 2012

Kaplan Fox & Kilsheimer LLP announces a $2.43 billion settlement of a class action lawsuit against Bank of America Corporation and Merrill Lynch & Company and certain current and former officers and directors for violations of federal securities laws in connection with Bank of America’s acquisition of Merrill Lynch...