Our litigators have defended clients in dozens of significant class action litigation matters, including securities class actions, consumer class actions, and a host of other class actions challenging the way companies do business. Some of our recent class action matters include:
- Represent a nationwide retailer in class action litigation in the Philadelphia Court of Common Pleas, and related proceedings before the Pennsylvania Department of Revenue, challenging the method used to calculate and collect sales tax on discounted items.
- Represented the former President of a publicly traded bank and credit card company in securities class action litigation, alleging insider trading under Section 20A, and control liability under Section 20(a), of the Securities and Exchange Act. All claims were dismissed at the motion to dismiss stage.
- Represented an outside director in shareholder litigation asserting Section 10(b) and Section 20(a) claims and a Breach of Duty of Care claim under Wyoming law. All claims were voluntarily withdrawn by plaintiffs.
- Represented an outside auditor in a series of consolidated securities class actions claiming that the accounting firm committed securities violations during its audits of an international manufacturer. All claims were dismissed on the grounds of international comity.
- Represented a health insurer in provider reimbursement class action. All claims were dismissed by the trial court. Dismissal was affirmed by the Superior Court of New Jersey, Appellate Division.
- Represented an outside auditor in more than a dozen class and individual lawsuits in Multidistrict Litigation, asserting Section 10(b) and Section 11 claims. A Motion to Dismiss was partially successful, with the Section 11 claim dismissed on statute of limitations grounds. The case ultimately settled for less than 1/3 the national average for cases of this size.
- Represented an outside auditor in consolidated shareholder and bondholder class actions arising out of the bankruptcy of a specialty finance company that lent money to health care providers. The class actions asserted claims for securities fraud under Section 10(b) of the Securities and Exchange Act. Obtained a favorable settlement prior to trial that was less than the anticipated costs of trial.