Our firm has over thirty years of experience in federal securities litigation. As early as the 1970s, the firm’s partners were prosecuting classwide securities cases under Rule 10b-5, such as Sussman v. Lincoln American, 561 F.2d 86 (7th Cir. 1977), Flamm v. Eberstadt, 814 F.2d 1169 (7th Cir. 1987), Genden v. Merrill Lynch, 700 F.Supp. 208 (S.D.N.Y. 1988), and Ridings v. Canadian Imperial Bank & Trust Co., 94 F.R.D. 147 (N.D.Ill. 1982) (which resulted in a $23 million settlement arising out of claims against the takeover of Trans Union and was the companion case to Smith v. Van Gorkum, 488 A.2d 858 (Del. 1985)).
The firm's presence in the field of securities litigation continues. We served as co-lead counsel in Brazen v. Tyco International, Ltd., 02 CH 11837 (Circuit Court of Cook Co., IL, Chancery Div.), a class action under the 1933 Federal Securities Act on behalf of former shareholders of Mallinckrodt Inc., alleging that the class was misled when Tyco International acquired their shares in a tender offer in 2000. The case was recently resolved as part of the $3.2 billion nationwide settlement of Tyco-related litigation. We also served as co-class counsel on behalf of the Utah State Retirement Board, a major shareholder involved in the WorldCom class action. The Board opted out of the WorldCom class settlement to prosecute its own action against the WorldCom defendants, and the firm brought the case to a successful conclusion.
The firm welcomes opportunities to build co-counsel relationships with other attorneys who seek a partner with experience in litigating securities class actions. Please contact us if you wish to discuss securities litigation.
