Securities/Exchange Act Litigation
In securities fraud class actions, Kuznicki Law seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company’s stock. In these cases, investors suffer losses when artificial inflation is corrected and share values plummet. Kuznicki Law attorneys participated in leading the prosecution of the Merck/Vioxx securities litigation, one of the largest, most complex, and longest running cases in the history of federal securities class action litigation, which settled for more than $1 billion. Other notable matters where Kuznicki Law attorneys had a significant leadership role include: In re Cnova N.V. Securities Litigation, No. 16-cv-0444-LTS (S.D.N.Y.), where plaintiffs alleged violations of Section 11 of the Securities Act of 1933 and successfully settled the action for $28.5 million in cash, representing a recovery of nearly 100% of aggrieved class members’ recognized losses; and Guevoura Fund Ltd. v. Sillerman, No. 1:15-cv-07192-CM (S.D.N.Y.), where plaintiffs allege violations of Section 10(b) of the Securities Exchange Act of 1934 based on defendants’ alleged manipulation of the market for SFX securities by making bad-faith bids to acquire the company, and which currently is in mediation.
Kuznicki Law is committed to ensuring that companies adhere to responsible business practices and practice good corporate citizenship. We strongly support policies and procedures designed to give shareowners the ability to oversee the activities of a corporation. We vigorously pursue corporate governance reform, particularly in the area of excess compensation, where it can address the growing disparity between the salaries of executives and the workers of major corporations.
Mergers & Acquisitions Litigation
In M&A litigation, Kuznicki Law enforces shareholder rights and prosecutes actions challenging corporate transactions that arise from an unfair process or result in an unfair price for shareholders, in order to maximize shareholder value and permit shareholders to make an informed decision regarding whether to approve or voluntarily exchange their shares in such transactions. When brought as a class action, we represent a class comprised of shareholders of the company being purchased, seeking to ensure they receive fair value for their investments.