Practice Areas > Class Actions – Antitrust, Consumer, Securities

Our partners have recovered more than one billion dollars for investors.
We have a vibrant securities litigation practice, particularly notable given our relatively small size. We work closely with our clients, representing both plaintiffs and defendants in securities fraud and improper valuation cases. We commonly institute securities class actions on behalf of our clients, and are often involved on the other side in securities defense work representing our clients against specious charges of fraud or other improprieties.

Securities class actions have included:

  • AT&T in connection with its $10 billion sale of wireless tracking stock
  • Adelphi's auditors, bankers and directors
  • Bisys and Woolworth – both for false financials
  • Ford Motor Company regarding Goldman Sachs' friends and family stock arrangementwhich gave an extensive percentage to Mr. Ford
  • Waste Management and Morrison Knudson, each of which related to financial restatements of hundreds of millions of dollars

Representative Cases/Reported Decisions

Brinkerhoff v. Texas Eastern Products Pipeline Company, LLC., 986 A.2d 370 (2010) We sued on behalf of TEPPCO’s common unitholders claiming that in transactions orchestrated by TEPPCO’s general partner, TEPPCO had been shortchanged by hundreds of millions of dollars. The action was resolved by a merger which benefitted TEPPCO’s unitholders by more than $400 million.

Bennett Funding Litigation.Successfully served as special insurance counsel to plaintiff’s lead counsel in class actions in both the Federal District Court, Southern District of New York and the Bankruptcy Court of the Northern District of New York, which settled suits against Assicurazioni Generali, S.p.A. Company for $ 125 million as reported at 258 B.R. 78 (Bankr. N.D.N.Y. 2000) and against Sphere Drake Insurance PLC for $27.5 million, as reported at 439 F.3d 155 (2d Cir. 2006). The case involved a ponzi scheme and dealt with complicated issues of identification of beneficiary of insurance policies and intersection of bankruptcy and securities laws and of equities between class members and creditors of bankrupt estate.

Trinad Capital Master Fund Ltd. v Majesco Entertainment Company, et al., U.S.D.C, Dist. N.J. (2006); Represented hedge fund in opt out securities fraud litigation against officers and directors of public company.  Case resolved favorably for client.
 
Eichenholtz v. Brennan, 52 F.2d 478 (3d Cir. 1995): $7.5 million settlement in securities fraud suit set precedent concerning use of “bar orders” in settlements of securities actions.

 

FAQs about Class Actions