Margaret Budde v. Global Power Equip Group, Inc.

A Cahill team obtained a victory for Global Power Equipment Group in the U.S. Court of Appeals for the Fifth Circuit.

In a decision issued 18 days following oral argument, a Fifth Circuit panel affirmed the District Court’s dismissal with prejudice of a securities class action lawsuit against Global Power on the grounds that Plaintiffs had not pleaded a strong inference of scienter.

Global Power Equipment Group Inc. designs, engineers, and manufactures equipment for gas turbine power plants.

Cahill advised Global Power Equipment Group with a team including Bradley J. Bondi (Picture), Tammy L. Roy, David G. Januszewski, John Cycon and William C. McCaughey.

Involved fees earner: Bradley Bondi – Cahill Gordon & Reindel; John Cycon – Cahill Gordon & Reindel; David Januszewski – Cahill Gordon & Reindel; William McCaughey – Cahill Gordon & Reindel; Tammy Roy – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Global Power Equipment Group Inc;

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Author: Ambrogio Visconti