Author Archives: Richard B. Margolies

Ontario Court Recognizes U.S. Approved Class Action Settlement Against IMAX Corporation and Modifies Canadian “Global” Class Certification Order

On March 19, 2013, Justice van Rensburg of the Ontario Superior Court of Justice issued an important decision relating to overlapping class action proceedings against IMAX Corporation (“IMAX”) that are currently pending in the United States and Ontario, Canada.  In … Continue reading

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FHFA Announces New Streamlined Loan Modification Initiative

Last year we posted several blog posts that covered the wave of class action lawsuits relating to the United States Treasury’s Home Affordable Modification Program (“HAMP”), including the Fletcher litigation against IndyMac Mortgage Servicers, FSB (a division of OneWest Bank, … Continue reading

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New York Supreme Court Denies Carl Icahn’s Motion for Summary Judgment

In May 2010, minority stockholders of XO Holdings, Inc. (“XO”) brought a class action lawsuit against Carl C. Icahn (the Chairman of XO’s Board), his affiliates and members of the XO Board of directors.  Plaintiffs challenged two transactions which they … Continue reading

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