Ranjan Agarwal

The plaintiff in a proposed class action brought a motion for a declaration that the defendants were contractually precluded from opposing his motion for leave to appeal a decision denying class certification.

The parties had previously entered into a Litigation and Mediation Process Agreement which stated that no party would oppose a motion for leave to appeal an order disposing of all or a portion of the claim.

The court interpreted the agreement and found that the certification decision disposed of a portion of the claim, meaning the defendants were bound by their agreement not to oppose the leave to appeal motion.

The plaintiff sought approval of a $4.95 million settlement, class counsel fees, and a representative plaintiff honorarium in a class action alleging the defendants misrepresented vehicle fuel economy ratings.

The court initially rejected the settlement approval based on a take-up analysis, but approved it after class counsel provided a revised analysis showing the settlement amount was fair relative to the maximum recoverable at trial.

The court also approved a modified honorarium of $3,000 for the representative plaintiff and class counsel's 33 percent contingency fee.

The plaintiffs brought a class action alleging that numerous financial institutions conspired to manipulate the foreign exchange market.

The plaintiffs reached early settlements with three groups of defendants (UBS, BNP, and Bank of America) totaling $15,950,000.

The plaintiffs sought court approval of the settlements and Class Counsel's fee request.

The court approved the settlements, finding them fair, reasonable, and in the best interests of the class, particularly given the litigation risks and the value of the settling defendants' cooperation.

The court also approved Class Counsel's fee request of $3,987,500 plus disbursements.

The plaintiff railway company sought interlocutory injunctive relief after former employees joined a direct competitor and allegedly downloaded and circulated confidential commercial information, including customer lists and revenue data, to solicit the plaintiff’s clients.

The parties agreed to an injunction preserving confidential information and restricting its use, but disputed whether an independent court-appointed monitor should oversee compliance with the order.

The court found the defendants had initially fallen short in complying with an earlier undertaking but had taken substantial remedial steps, including forensic searches, employee discipline, and written directives prohibiting use of the information.

The court concluded that appointing a monitor with broad investigative and supervisory powers would be overly intrusive into the defendant corporation’s business operations.

The court held that the contempt power and the existing order sufficiently protected the plaintiff’s interests.

Following dismissal of a motion for summary judgment arising from claims connected to a Ponzi scheme, the court determined the appropriate costs award.

The plaintiffs argued that no costs should be awarded due to the novelty of the factual circumstances, but the court held that novelty alone does not justify departing from the usual rule that costs follow the event.

The defendants sought either substantial indemnity or partial indemnity costs.

The court declined to award substantial indemnity costs, finding the plaintiffs’ litigation strategy unsuccessful but not unreasonable.

Partial indemnity costs were awarded to each defendant, with modest reductions applied to certain claimed amounts.

The plaintiffs and defendants were all victims of a Ponzi scheme orchestrated by an investment advisor.

The plaintiffs, who were late entrants to the scheme, provided bank drafts directly payable to the defendants, who were early entrants, under the mistaken belief they were investing in legitimate bridge financing.

When the scheme collapsed, the plaintiffs sued the defendants for the return of their money, alleging unjust enrichment and mistake of fact.

The plaintiffs brought a consolidated motion for summary judgment.

The court dismissed the motion, finding genuine issues for trial regarding whether the defendants were unjustly enriched or if the payments were made under a mistake of fact, and noting that the novel legal issues and ongoing bankruptcy proceedings required a full trial.