CLASS ACTIONS & SHAREHOLDER DERIVATIVE SUITS
Class Action securities litigation is a multifaceted and highly specialized area of practice. The cases essentially come in two forms: class actions and shareholder derivative claims. Both are, collectively, referred to as class securities claims. These cases typically involve high stakes and sensitive matters. Class securities claims present the risk of substantial damage awards and adverse publicity, along with other exposure. Our attorneys have successfully defended clients in securities class actions. Specifically, we have represented public and private companies as well as directors and officers, and even their corporate counsel. We have significant experience applying the recent leading Supreme Court decisions applying securities laws, such as Dura Pharmaceuticals v. Broudo, Merrill Lynch v. Dabit, Tellabs v. Makor Issues & Rights, Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc., Morrison v. National Australia Bank Ltd., Matrixx Initiatives, Inc. v. Siracusano and Janus Capital Group, Inc. v. First Derivative Traders.
We typically wage an aggressive defense to class claims of securities violations. This includes investigating the facts, interviewing the witnesses, filing motions to dismiss, motions to stay and/or stage discovery, and when appropriate, we vigorously oppose class certification. Moreover, we always work with our clients’ directors and officers insurance carriers to ensure that we are following guidelines and following agreed to litigation plans.
Call Phillipson & Uretsky, LLP at (212) 571-1255 to learn more.