Wolf Popper LLP
Wolf Popper LLP Recovers $190 Million From Motorola, Inc. In Securities Fraud Class Action
Wolf Popper recovered $190 million in a securities fraud action against Motorola. Inc. on the eve of trial (In re Motorola Sec. Litig., No. 03 C 287 (RRP) (N.D. Ill.)). The recovery was obtained after more than four years of litigation. During the litigation, Wolf Popper, among other things, defeated Motorola’s motion to dismiss the complaint (2004 U.S. Dist. LEXIS 18250 (Sept. 9, 2004, N.D. Ill.)) and Motorola’s motions for summary judgment (2007 U.S. Dist. LEXIS 9530 (Feb. 8, 2007, N.D. Ill.)).
In approving the settlement, the Court addressed Wolf Popper as follows: "You did a great very professional job here. This was hard fought, but extremely professionally fought battle and I appreciate it. Thank you."
Wolf Popper represented the State of New Jersey’s Division of Investment, which served as the court-appointed lead plaintiff in this Action. Arnold & Porter LLP represented the defendants.
Class members are urged to read the Notice of Proposed Settlement and Proof of Claim forms for detailed information on the settlement and procedures for submitting claim forms. Claim forms are required to be submitted by November 7, 2007.
