As reported in our Spring 2015 newsletter, Kessler Topaz conducted a nine-day trial earlier this year in the Delaware Court of Chancery, as co- lead counsel on behalf of Dole Food Company’s former public stockholders. On August 27, 2015, Vice Chancellor J. Travis Laster issued the Court’s... Read more >

On September 24, 2015, Judge Lewis A. Kaplan of the United States District Court for the Southern District of New York approved a class action settlement between the Bank of New York Mellon (“BNY Mellon”) and 1,218 of its domestic custodial clients who used the Bank’s automated foreign exchange... Read more >

Following a corporate takeover battle, Kessler Topaz, acting as co-lead counsel for public stockholders, recently negotiated a $10.75 million cash settlement to resolve breach of fiduciary duty claims against former directors and officers of GFI Group Inc. (“GFI”) in a case that was scheduled for... Read more >

According to NERA Economic Consulting, between 2010 and 2014 alone, $26.8 billion dollars in securities class action settlement and judgment proceeds were made available to investors. In recent Bulletin articles, we have examined the claims administration process in securities class action... Read more >

In recent years, large-scale data breaches at major retail stores have become a too-common source of distress for consumers. Since 2007, hackers have stolen the credit and debit card data of millions of customers who made purchases at, among others, stores operated by TJX Companies, Inc., The Home... Read more >

In an article to be published in the forthcoming issue of the American Law and Economics Review, three academic scholars used a statistical analysis to conclude that Kessler Topaz is among the top five plaintiff ’s law firms in merger litigation. The study sought to analyze whether plaintiffs’... Read more >

Recently, Kessler Topaz commenced litigation challenging the issuances of new classes of non- voting stock of two public companies, Under Armour, Inc. (“Under Armour”) and Zillow Group, Inc. (“Zillow Group”).The issuance of a new class of non-voting stock unfairly entrenches in power each company’s... Read more >

(Reprint courtesy of the State Association of County Retirement Systems (SACRS) Michael D. Herrera is Senior Counsel to the Los Angeles County Employees Retirement Association where he serves as principal legal advisor to the fund’s Board of Retirement, Board of Investments, officers and more than... Read more >