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In re Prudential-Bache Energy Income Partnerships Litigation

In re Prudential-Bache Energy Income Partnerships Sec. Lit., MDL 888 (E.D. La.) (We were lead objectors counsel that blocked the initial unfair “roll-up” of $500 million oil and gas partnership settlement into an entity to be controlled (and owned some 30%) by the same individuals whose fraud upon the limited partners is what gave rise to the litigation in the first place, uncovered core wrongdoing at Prudential’s Direct Investment Group, forced auction of properties, and actually identified and contacted the company who placed the high bid for the properties; our Firm’s efforts increased the settlement value for the limited partner investors by $120 million).

 

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