Articles & Resources

BUSINESS - Successful Defense of Securities Litigation - Saving our clients $1,000,000

Posted by T. Jake HinkinsApr 30, 20150 Comments

We were able to successfully defend and settle a case involving numerous allegations against one of our clients as well as one of that corporation's officers.  Shortly after the lawsuit was filed, we successfully received an order dismissing one of the plaintiffs' claims and requiring the plaintiff to redraft their complaint in lieu of dismissing the entire complaint.  After battling through the case, we were able to resolve the case on terms that allowed my client to regain the previously sold shares in the corporation by paying a small fraction of what was claimed as owed in the lawsuit, saving our client approximately $1,000,000 if the plaintiffs had been successful in all of their claims.