Olshan
Olshan Grundman Frome Rosenzweig & Wolosky LLP
 
 
Litigation

The following is a sampling of recent cases in which the Litigation Group has achieved favorable results for our clients:

Represented a group of mutual funds in a Delaware appraisal rights proceeding in which a settlement was reached on the eve of trial under which our clients received a 50% premium to the original merger consideration.

Represented a publicly-held company and its subsidiary involved in the internet auction business in a six-day jury trial in the Commercial Division of the New York Supreme Court in which the client received a jury award on all of its claims, including breach of fiduciary duty and unfair competition, against a former high-level officer and his newly-formed entity.

Received a judgment, after trial, in favor of a national banking institution against a municipality related to a dispute under a municipal leasing agreement.

Received summary judgment for our client, an investment vehicle that purchased securities in a bankruptcy sale of a broker-dealer, in a matter before the Southern District Bankruptcy Court that involved claims of securities fraud.

Represented an investment fund in a Section 16(b) "short-swing profit" dispute in which the Second Circuit Court of Appeals reversed a District Court decision and awarded summary judgment to our client.

Obtained a reversal from the Second Circuit Court of Appeals of a lower court decision overturning a $70 million judgment in our client's favor against the government of Russia. The appeal involved the interpretation and recognition of foreign arbitral awards.

Represented a hedge fund and its principals in an NASD enforcement action alleging fraud, in which, after a full hearing on the merits, the claims brought by the NASD were dismissed in their entirety.

Recovered in excess of $10,000,000 in NASD arbitrations for several foreign investors who purchased complex derivative securities from a major financial institution.

Negotiated a mid-seven figure settlement on behalf of an Official Committee of Unsecured Creditors in a bankruptcy proceeding, which was paid by insiders of the bankrupt entity.