When companies and their boards are sued by their shareholders, it is important to retain counsel experienced in protecting the board and disposing of the claims quickly and effectively. We have done so for a variety of companies, including:
Successfully defended independent directors of pharmaceutical company in shareholder derivative actions challenging a $50 million bonus paid to the company’s officers and directors.
Successfully defended independent directors of pharmaceutical company in a securities class action alleging violations of Sections 11 and 15 of the Securities Act arising out of alleged improper recognition of revenue and “channel stuffing.”
Successfully defended special committee and independent directors of real estate financing company in shareholder class actions in Delaware and Florida seeking to enjoin the $3.8 billion acquisition of the Company.
Successfully defended officers and directors of alternative energy company in federal and state court securities actions by minority shareholder challenging the price of a merger, sale of subsidiaries, executive compensation packages, and the disclosures in the proxy.
Successfully defended medical supply company’s CEO and Chairman in two securities class actions alleging violations of Sections 10(b) and 20 of the Exchange Act arising out of alleged Medicare fraud.