Tag Archives: Jury verdict

U.S. Supreme Court Denies Cert in Apollo Group Securities Suit, Allowing Plaintiffs’ $277.5 Million Jury Verdict to Stand

On March 7, 2011, in the latest development in a long-running securities suit that is among the few securities class action lawsuits to go to trial and that had previously resulted in a $277.5 verdict in plaintiffs’ favor, the U.S. Supreme Court denied Apollo Group’s petition for writ of certiorari. As a result, the ruling … Continue Reading

CalSTRS Wins Rare Securities Suit Jury Verdict Against Homestore CEO

Securities lawsuits rarely go to trial, but on February 24, 2011, just three months after the last securities suit trial concluded, a Central District of California rendered a verdict on behalf of plaintiffs against the sole trial defendant, the former CEO of the defunct Homestore company. The jury found that the defendant, Stuart H. Wolff, … Continue Reading

Jury Returns Plaintiffs’ Verdict in the BankAtlantic Credit Crisis-Related Securities Suit

In the first securities class action jury verdict to arise out the credit crisis, on Thursday November 18, 2010, the jury in the BankAtlantic securities lawsuit in federal court in Miami returned a verdict in the plaintiffs’ favor, finding seven of the statements at issue to have been false, and awarding damages of $2.41 per … Continue Reading