Wolf Haldenstein Attys Face Sanctions In AOL Patent Sale Suit

Law360, Los Angeles (December 5, 2013, 8:43 PM EST) -- A New York federal judge said Thursday that sanctions must be imposed against counsel from Wolf Haldenstein Adler Freeman & Herz LLP who filed an allegedly frivolous consolidated securities class action claiming AOL Inc. bought millions of its shares at artificially depressed prices before announcing a $1 billion patent sale.

The judge said the attorneys, in opposing the yet-to-be-determined sanctions, hadn't shown there was evidence supporting the plaintiffs' alleged conspiracy theory that AOL held a sham auction of the patent portfolio months after Chairman and CEO Tim...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

IN RE AOL, INC. REPURCHASE OFFER LITIGATION


Case Number

1:12-cv-03497

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Denise L. Cote

Date Filed

May 3, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.