LDG News

Lite DePalma Greenberg was one of two law firms that prosecuted a Section 11 Securities Act class action against Prudential Financial and underwriters stemming from Prudential’s participation in the auction rate securities market, after that market collapsed in early 2008.  The United States District Court for the District of New Jersey granted final approval to a nationwide settlement of $16.5 million.

Lite DePalma Greenberg served as the court-appointed discovery chair in an ERISA class action brought against Merck on behalf of its current and former employees who were participants in certain of Merck’s retirement plans.  This complex ERISA case charged the fiduciaries of the plans with breaches of fiduciary duty.  After many years of intense litigation, the United States District Court for the District of New Jersey approved a nationwide settlement worth $49,500,000.

Lite DePalma Greenberg is pleased to announce the launch of New Jersey's first appellate law blog, New Jersey Appellate Law, www.appellatelaw-nj.com. The blog is written by LDG’s Bruce D. Greenberg, who has nearly 30 years of experience handling appeals in the state and federal appellate courts. New Jersey Appellate Law focuses on New Jersey appeals, appellate law, and appellate practice, with special attention to decisions of the Supreme Court of New Jersey, the Appellate Division, and the Third Circuit Court of Appeals. The blog contains timely reporting and analysis of the latest opinions and appellate law trends. More information about Lite DePalma Greenberg's appellate practice is available here.

Allyn Z. Lite, Joseph J. DePalma and Bruce D. Greenberg were named to the list of “New Jersey Super Lawyers” in the April 2011 edition of New Jersey Monthly magazine.  Messrs. Lite and Greenberg have appeared on that list every year since 2005.  Mr. DePalma has been included since 2007.  Victor A. Afanador and Mayling C. Blanco were named to the list of “Rising Stars.”  Mr. Afanador has appeared on that list every year since 2006, and Ms. Blanco has been named in 2010 and 2011.

Victor A. Afanador was named to the New Jersey Law Journal's prestigious "40 Under 40," a listing of prominent attorneys who are under the age of 40.

Victor A. Afanador successfully persuaded the United States District Court for the District of New Jersey to issue an Ex Parte Order to Show Cause on an emergency basis for the benefit of an Lite DePalma Greenberg corporate client whose faithless employee was misappropriating corporate funds.  With the assistance of the United States Marshals Service, Lite DePalma Greenberg quickly seized electronic and hard copy evidence from the defendants office in another state. Lite DePalma Greenberg’s efforts led to an immediate and complete victory for the firm’s client, as the defendant agreed to leave the company and transfer his equity interest back to Lite DePalma Greenberg’s client.

Lite DePalma announces final approval of a $1.3 million partial settlement in the nationwide securities fraud class action against Atlas Mining, Inc. Lite DePalma Greenberg serves as sole Lead Counsel for the Class.  The partial settlement is with Atlas Mining, Inc., NanoClay and Technologies, Inc. and the individual defendants, and was reached after over two years of litigation in the United States District Court for the District of Idaho.  Litigation against the Company’s auditor is currently ongoing.