Securities Fraud Lawyer - United States Trust Company of New York, et al. v. Albert, et al., and Investors Fiduciary Trust Company v. Jenner, et al.

These interpleader actions were brought by the plaintiff trust companies and involved over $100 million dollars received by the plaintiffs as Trustees of several unit investment trusts. At issue was which combination of three groups of potential claimants were entitled to those funds. On July 25, 1995, United States Magistrate Judge Sharon E. Grubin recommended that Shapiro Haber & Urmy LLP be appointed lead counsel for one of the three defendant classes, noting that Shapiro Haber & Urmy "has extensive experience in prosecuting class actions, including as lead counsel. Haber, as well as the others in his firm, have impressive academic and professional credentials, including teaching and lecturing on securities litigation and other areas." (Report and Recommendation, July 25, 1995, at 35-36 and 37 and 42).