When corporate fiduciaries abuse their power, shareholder derivative actions can balance the scales. Kessler Topaz helps investors use derivative actions to recover losses and achieve meaningful change in corporate governance policies.
We have recovered billions of dollars from wayward fiduciaries in both high-profile matters and smaller disputes. Our success stories involve a wide array of corporate misconduct, ranging from executive compensation abuses, to related-party transactions, to the "backdating" of stock options. In 2011, we won the largest trial award in the history of the Delaware Chancery Court, the preeminent U.S. corporate venue.
Changes that Strengthen Companies
In addition to financial recompense, our clients often seek corporate reform that will prevent future misconduct, strengthen companies and make boards of directors more responsive to shareholder interests. Our lawyers work creatively and collaboratively with the parties and experts to develop reforms with lasting impact. By developing strong litigation positions, we have compelled groundbreaking corporate governance changes in accounting and internal controls, shareholder voting, and the composition, structure and operation of boards of directors.