Nix Patterson, LLP

NPR Settles BP Oil Spill Claims

On April 19, one day before the first anniversary of the Deepwater Horizon oil spill, the Bay County, Fla., Tourist Development Council approved a $2.6 million settlement with BP PLC–the largest thus far to a governmental agency for tax revenue losses associated with the spill. The deal was reached outside of court and apart from

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NPR Obtains $72 Million Settlement for Marvell Investors in Backdating Scheme

NPR served as Co-Counsel for Lead Plaintiffs Monte Paschi Asset Management S.G.R. S.p.A. and Puerto Rico Government Employees Retirement System in this securities fraud case, which arose out of a six-year, pervasive fraudulent scheme to backdate stock options that resulted in the restatement of all of Marvell’s financial statements from 2003 until the first quarter

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NPR’s $38.25 Million Deloitte & Touche Settlement Approved

On June 26, 2008, United States District Judge Gerald Rosen, of the Eastern District of Michigan, entered an order granting final approval of a $38.25 million settlement between Lead Plaintiffs and Defendant Deloitte & Touche LLP. The Court’s order renders a final judgment in the securities fraud case against Deloitte, which arose from its role

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NPR Reaches Large Securities Settlement on Behalf of Public Retirement System

Nix Patterson & Roach reached a settlement in a securities class action, in which they served as co-lead counsel, on behalf of its client, the Arkansas Public Employees Retirement System.  The $160 million settlement will return funds to stockholders of Brocade Communications Systems, Inc. based on the company’s improper back-dating of stock options.  Gail Stone

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NPR Secures $38 Million From Deloitte in Securities Class Settlement

Accounting firm Deloitte & Touche has agreed to pay $38.25 million to settle claims that it helped bankrupt auto parts maker Delphi Corp. in committing securities fraud.  This case was a separate arm of securities litigation surrounding Delphi’s restating of its financials  from 2005 back to its original split from General Motors in 1999. Deloitte

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