veredicts & settlements
ERISA SECURITIES - FRAUD
Injuries alleged: Stock was sold at artificially low prices
Name of case: In re Michigan National Corporation Securities and ERISA Litigation
Court/case no.: U.S. District Court, Eastern District of Michigan, Southern Division, #95-CV-70647-DT
Name of judge: Anna Diggs Taylor
Jury demand: Yes
Amount of settlement: $13.3 million
Date: Dec. 1, 1998
Attorneys for the plaintiff: E. Powell Miller, Lionel Glancy, Andrew D. Friedman, Jeffrey Smith, Elwood S. Simon, Bruce E. Gerstein, Richard Levy Jr., Patrick E. Cafferty, and Richard A. Herman
Attorney for the defendant: Withheld
Other useful information: This was a class-action suit alleging securities fraud and ERISA violation.
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