Clergy Cases
N/AOUTCOME: $600 Million settlement of 517 clergy abuse cases
Settlement "Czar" responsible for closing settlement of 517 clergy sexual abuse cases for $660 million
Mark Anchor Albert's Legal Cases (7)
Los Angeles, CA
Commercial real estate Lawyer at Los Angeles, CA
Practice Areas: Commercial, Insurance Fraud ... +3 more
Clergy Cases
N/AOUTCOME: $600 Million settlement of 517 clergy abuse cases
Settlement "Czar" responsible for closing settlement of 517 clergy sexual abuse cases for $660 million
In Re Bergen Brunswig Corp. Securities Litigation
N/AOUTCOME: Settlement on Very Favorable Terms
Team leader in defense of Bergen Brunswig Corporation in multiple consolidated and coordinated securities class action proceedings pending in various district courts across the nation, alleging approxi ... mately $1.5 billion in damages against the company. Prepared stipulated motions to transfer, consolidate and coordinate securities actions in the United States District Court for the Central District of California (Santa Ana Division). Briefed and argued successful consolidated motions to dismiss. Obtained dismissal of shareholder derivative action against the company. Prepared opposition to class certification motion. Drafted complaint in intervention in action by Glaxo Wellcome, and briefed and argued motion to intervene in circuit court of Harris County, Texas. Developed expert testimony from NERA and forensic accountants concerning damage exposure and defense strategies and themes. Primary responsibility for negotiating with D&O and E&O carriers to obtain contributions to settlement fund. Primary responsibility in assisting in negotiating successful settlement of the all actions. Briefed and argued successful motion before the United States District Court for the Central District of California approving the final settlement and judgment of dismissal of all claims against Bergen.
In Re Enron Securities Litigation
N/AOUTCOME: Huge Settlement ($$ millions)
Significant role in drafting of complaints by various insurance companies, pension funds, bond funds and fund managers against various Wall Street investment banks and their affiliates in connection wi ... th their sale of fraudulently-inflated Enron debt securities, equities and off-balance sheet debt instruments. Significant role in researching, analyzing and drafting remand motions in the various state actions removed to federal court by the investment bank defendants on ground of "related to" bankruptcy jurisdiction, resulting in favorable published opinions. E.g., Transamerica Fin. Life Ins. Co. v. Merrill Lynch & Co., 302 B.R. 620, 623 (S.D. Iowa 2003); AUSA Life Ins. Co. v. Citigroup, Inc., 293 B.R. 471 (N.D. Iowa, 2003); and Citigroup, Inc. v. Pac. Inv. Mgmt. Co. (In re Enron Corp.), 296 B.R. 505 (C.D. Cal. 2003).
In Re Enron Securities Litigation
N/AOUTCOME: Huge Settlement ($$ millions)
Significant role in drafting of complaints by various insurance companies, pension funds, bond funds and fund managers against various Wall Street investment banks and their affiliates in connection wi ... th their sale of fraudulently-inflated Enron debt securities, equities and off-balance sheet debt instruments. Significant role in researching, analyzing and drafting remand motions in the various state actions removed to federal court by the investment bank defendants on ground of "related to" bankruptcy jurisdiction, resulting in favorable published opinions. E.g., Transamerica Fin. Life Ins. Co. v. Merrill Lynch & Co., 302 B.R. 620, 623 (S.D. Iowa 2003); AUSA Life Ins. Co. v. Citigroup, Inc., 293 B.R. 471 (N.D. Iowa, 2003); and Citigroup, Inc. v. Pac. Inv. Mgmt. Co. (In re Enron Corp.), 296 B.R. 505 (C.D. Cal. 2003).
In re First Community Bancorp Sec. Litig.
N/AOUTCOME: Steeply discounted settlement
Senior role in defense of First Community Bancorp in defense of claims by investors in Four Star Financial Services, a $500 million Ponzi scheme. Primary architect of the analysis that resulted in the ... dismissal of the Bank on the pleadings, leading to a favorable settlement on deeply discounted terms.
Streamcast Networks v. Sharman Networks et al.
N/AOUTCOME: motion to dimiss GRANTED
Primary responsibility for analysis and briefing of successful motions to dismiss RICO and antitrust claims by StreamCast Networks against Sharman Networks and various other defendants arising from tec ... hnology licensing issues, including Streamcast Networks, Inc. v. Skype Techs., S.A., 2007 U.S. Dist. LEXIS 96582 (C.D. Cal. Jan. 18, 2007).
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