In re Williams Securities Litigation: Murray, Frank & Sailer served as additional Plaintiffs' counsel. Plaintiffs alleged that between 2000 and 2002, the Williams Companies made various false and misleading statements that inflated prices of various Williams securities. In 2007, this litigation was settled, resulting in a $311 million recovery for Williams shareholders. Murray, Frank & Sailer represented a client who had purchased Feline PAC preferred securities worth $125; the firm obtained a $10 million recovery for the subclass of that security's purchasers. In re Royal Ahold Securities Litigation: Murray, Frank & Sailer served as additional Plaintiffs' counsel. Plaintiffs alleged that Ahold issued various false and misleading statements between 1999 and 2003, and was ultimately forced to announce billions of dollars in restatements of revenue and earnings in connection with its operations around the world. In 2006, the litigation was settled, resulting in a $1.1 billion recovery for Ahold shareholders. Notable alumni Maurice Pesso is a partner at White & Williams LLP. Paul Curley is a partner at Kaufman Borgeest & Ryan LLP Eric Belfi is a partner at Labaton Sucharow Sharon Lee is a partner at Lieff Cabraser Attorney publications Benjamin Bianco, Recent Developments in Class Arbitration, MEALEY'S LITIGATION REPORT, Sept. 17, 2009. Brian P Murray, Lifting the PSLRA "Automatic Stay" of Discovery, N. DAK. L. REV. 405 (2004). Brian P Murray, Aftermarket Purchaser Standing Under Section 11 of the Securities Act of 1933, 73 ST. JOHN'S L. REV. 633 (1999). Brian P Murray, Recent Rulings Allow Section 11 Suits By Aftermarket Securities Purchasers, NEW YORK LAW JOURNAL (Sept. 24, 1998). Brian P. Murray and Eric J. Belfi, The Proportionate Trading Model: Real Science or Junk Science?, 52 CLEVELAND ST. L. REV. 391 (2004–05). Brian P. Murray and Leo W. Desmond, Determining Excessive Trading in Option Accounts: A Synthetic Valuation Approach, 23 U. DAYTON L. REV. 316 (1997). Brian P. Murray and Joseph P. Garland, Subject Matter Jurisdiction Under the Federal Securities Laws: The State of Affairs After Itoba, 20 MARYLAND JOURNAL OF INT'L LAW AND TRADE 235 (1996). Brian P. Murray and Sharon Lee, The PSLRA "Automatic Stay" of Discovery, NEW YORK LAW JOURNAL (March 3, 2003). Brian P. Murray and Gregory B. Linkh, Inherent Risk In Securities Cases In The Second Circuit, NEW YORK LAW JOURNAL, Aug. 26, 2004. Brian P. Murray and Maurice Pesso, The Accident of Efficiency: Foreign Exchanges, American Depository Receipts, and Space Arbitrage, 51