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On September 24, 2018, Lead Counsel Lowey Dannenberg, P.C. defeated defendants’ motion to dismiss in the District Court for the Middle District of Tennessee in the securities class action against Community Health Systems, Inc. (“CHS”). In 2017, the Sixth Circuit Court of Appeals had already unanimously reversed the District Court’s original dismissal of the Amended Complaint and upheld an extended…

Richard (Dick) Bruce Dannenberg died on July 20, 2018.  He was 87.  We join Dick’s wife Barbara and his entire family in mourning the loss of our founder, mentor and friend. Dick was a graduate of Duke University - Phi Beta Kappa, Magna Cum Laude in 1952, and Yale University Law School in 1955.  In 1968, Dick Dannenberg and Stephen Lowey founded the…

On July 11, 2018, Judge Daniels granted final approval to Plaintiffs' $30 million settlement with The Bank of Tokyo-Mitsubishi UFJ Ltd. and Mitsubishi UFJ Trust and Banking Corp., resolving claims in two related cases, Laydon v. Mizuho Bank Ltd. et al., No. 1:12-cv-03419 (S.D.N.Y.) and Sonterra Capital Master Fund Ltd. et al. v. UBS AG et al., No. 1:15-cv-05844 (S.D.N.Y.), regarding…

On June 18, 2018, Judge J. Paul Oetken appointed Lowey Dannenberg as interim class counsel in the consolidated action In re Mexican Government Bonds Antitrust Litigation, 18-cv-02830 (S.D.N.Y). The case alleges that a group of government-appointed market makers conspired to fix Mexican government bond prices and the bid-ask spread charged to investors between at least January 1, 2006 and April…