Securities Fraud Lawyer - Bank of New England Corporation Securities Litigation
As liaison counsel and class settlement counsel in this securities fraud class action against certain officers and directors of Bank of New England Corporation, Shapiro Haber & Urmy LLP had the primary role in negotiating a settlement of $6.5 million for the class. The settlement negotiations were particularly complicated in that the FDIC and the Bankruptcy Trustee of Bank of New England Corporation were competing claimants against a limited insurance policy, which was the only available source of recovery.