TRIUMPHS
In In re Equifax, Inc. Deriv. Litig., No. 18-CV-00317-TWT, Northern District of Georgia, Joseph H. Weiss was Lead Derivative Counsel and recovered $32.5 million for Equifax from its insurance carriers, the largest cash recovery in a derivative action premised on an underlying data breach, and was responsible for the Equifax’s adoption and implementation of a comprehensive set of corporate governance and internal control reforms and meaningful and significant structural improvements to significantly strengthen the Company’s cybersecurity, resulting in substantially increased executive and Board oversight of data security. In approving the settlement, the Court singled out Mr. Weiss to express its appreciation for his and Weiss Law’s “professionalism and hard work in this case.”
In Spahn v. Edward D. Jones & Co., et al., No. 04 cv 00086, Eastern District of Missouri, Weiss Law was Co-Lead Counsel and obtained – in conjunction with a parallel state court case – a $127.5million recovery for the class, representing in excess of 40% of the maximum recoverable damages. The complaints alleged that the defendants secretly received revenue sharing payments in exchange for selling preferred mutual funds to clients and misrepresenting the receipt of those payments in violation of the federal securities laws. Weiss Law prosecuted all aspects of the case including extensive motion practice, the review of nearly 2 million pages of documents, and protracted and contentious settlement negotiations, including two multi-day mediations and numerous multiple day settlement conferences.
Cases in which Weiss Law was Lead or Co-Lead Counsel
Jordan v. California Department of Motor Vehicles (Sacramento Cal.):
The California Court of Appeal, Third Appellate District, held that the State of California’s $300 smog impact fee was unconstitutional, paving the way for the creation of a $665 million fund and full refunds, with interest, to 1.7 million motorists.
In re Geodyne Resources, Inc. Securities Litigation (Harris Cty. Tex.):
A recovery (including related litigation) totaling over $200 million was obtained for the class.
Spahn v. Edward D. Jones & Co., et al., No. 04 cv 00086, (E.D. Mo.):
A recovery (including related litigation) totaling $127.5 million was obtained for the class.
Freddie Mac Derivative Litigation (S.D.N.Y.):
Approximately $100 million was recovered for the Company and significant corporate governance measures were adopted.
Bachman, et al., v. A.G. Edwards, Inc. et al., No. 22052-01266-03, (22nd Jud. Cir. Ct., St. Louis, Mo):
A recovery totaling $60 million was obtained for the class. (Member of Plaintiffs’ Executive Committee)
Brody v. Hellman, et al., (U.S. West Dividend Litigation), No. CV-4142 (Dist. Ct. for the City & Cty. of Denver, Colo.):
A recovery of $50 million was obtained for the class.
In re Tenneco Securities Litigation (D. Tex.):
A recovery of $50 million was obtained for the class.
In re Community Psychiatric Center Securities Litigation (C.D. Cal.):
A recovery of $42.5 million was obtained for the class.
In re Crazy Eddie Securities Litigation (S.D.N.Y.):
A recovery of $42 million was obtained for the class.
In re Apria Healthcare Group Securities Litigation (Orange County Cal.):
A recovery of $42 million was obtained for the class.
Levitan v. McCoy, et al., (First Commerce Corporation), No. 00 C 5096 (N.D. Ill.):
A recovery of $39.9 million was obtained for the class.
In re King Pharmaceuticals, Inc. Securities Litigation, No. 03 cv 77-TWP (E.D. Tenn.):
A recovery of $38.25 million was obtained for the class.
In re Canon Group Securities Litigation (C.D. Cal.):
A recovery of $33 million was obtained for the class.
In re Platinum Software Securities Litigation (C.D. Cal.):
A recovery of $32 million was obtained for the class
In re Martha Stewart Living Omnimedia, Inc. Securities Litigation, No. 02 cv 6273-JES (SDNY):
A recovery of $30 million was obtained for the class.
In re McLeodUSA Inc. Securities Litigation, (N.D. Iowa):
A recovery of $30 million was obtained for the class.
In re United Telecommunications Securities Litigation (D. Kan.):
A recovery of $28 million was obtained for the class.
In re Bergen Brunswig Corp. Sec. Litig., (C.D. Cal.):
A recovery of $27.9 million was obtained for the class.
In re Bank of New York Derivative Litigation (Sup. Ct. NY):
A recovery of $26.5 million was obtained for the Company and significant corporate governance measures were adopted.
In re FirstEnergy Shareholder Derivative Litigation (N.D. Ohio):
A recovery of $25 million was obtained for the Company and significant corporate governance measures were adopted.
In re Vodafone Group, PLC Securities Litigation (S.D.N.Y.):
A recovery of $24.5 million was obtained for the class.
In re PurchasePro.com, Inc. Securities Litigation, (D. NV.):
A recovery of $24.2 million was obtained for the class.
In re Arakis Energy Corporation Securities Litigation, No. 95-CV-3431 (ARR) (E.D.N.Y.):
A recovery of $24 million was obtained for the class.
In re Abbey Healthcare Securities Litigation (C.D. Cal.):
A recovery of $20.5 million was obtained for the class.
Feinberg v. Hibernia Corp. (D. La.):
A recovery of $20 million was obtained for the class.
In re Southern Pacific Funding Corp. Sec. Litig., (D. Or.):
A recovery of $19.5 million was obtained for the class.
In re Aura Systems, Inc. Securities Litigation (C.D. Cal.):
A recovery of $18 million was obtained for the class.
In re MK Rail Securities Litigation (D. Idaho):
A recovery of $14.65 million was obtained for the class.
In re California Microwave Securities Litigation (N.D. Cal.):
A recovery of $14 million was obtained for the class.
In re KeySpan Corporation Securities Litigation (E.D.N.Y.):
A recovery of $13.75 million was obtained for the class.
In re Elscint Ltd Securities Litigation (D. Mass.):
A recovery of $12 million was obtained for the class.
In re Megafoods Securities Litigation (D. Ariz.):
A recovery of $12 million was obtained for the class.
Bash v. Diagnostek (D.N.M.):
A recovery of $11.7 million was obtained for the class.
In re GTECH Securities Litigation (D.R.I.):
A recovery of $10.25 million was obtained for the class.
In re Complete Management, Inc. Securities Litigation (S.D.N.Y.):
A recovery of $10.15 million was obtained for the class.
Berlinsky v. Alcatel (S.D.N.Y.):
A recovery of $8.8 million was obtained for the class.
Lopez v. Checkers Drive-In Restaurants, Inc. (M.D. Fl.):
A recovery of over $8.175 million was obtained for the class.
In re Mesa Airlines Securities Litigation (D.N.M.):
A recovery of $8 million was obtained for the class.
In re Resound Securities Litigation (N.D. Cal.):
A recovery of $8 million was obtained for the class.
In re Castle Energy Corp. Securities Litigation (C.D. Cal.):
A recovery of $7.5 million was obtained for the class.
In re Western Digital, Inc. Securities Litigation (C.D. Cal.):
A recovery of $6.75 million was obtained for the class.
In re Circle K Securities Litigation (D. Ariz.):
A recovery of $6 million was obtained for the class.
In re Mutual Funds Investment Litigation, RS Investment Subtrack, MDL 1586, Case No. 04-MD-15863-JFM (Parthasarathy v. RS Investment Management, L.P., et al., 04-cv-3798-JFM):
A recovery of $5.74 million was obtained for the class.
In re Aura Systems, Inc. Securities Litigation (C.D. Cal.):
A recovery of $5.55 million was obtained for the class.
In re Ascend Communications Securities Litigation (C.D. Cal.):
A recovery of $5.45 million was obtained for the class.
In re Southmark Securities Litigation (D. Tex.):
A recovery of $5 million was obtained for the class.
In re WCT Securities Litigation (C.D. Cal.):
A recovery of $5 million was obtained for the class.
In re Sumitomo Bank of California Securities Litigation (San Francisco Sup. Ct.):
A recovery of $4.95 million was obtained for the class.
In re NextLevel Systems, Inc. Securities Litigation (N.D. Ill.):
A recovery of $4.6 million was obtained for the class.
In re Shopping.com Securities Litigation (C.D. Cal.):
A recovery of $4.5 million was obtained for the class.
In re Denver Bonds Securities Litigation (D. Colo.):
A recovery of $4.5 million was obtained for the class.
In re Molecular Dynamics, Inc. Securities Litigation (N.D. Cal.):
A recovery of $4 million was obtained for the class.
In re Party City Corp. Securities Litigation (D.N.J.):
A recovery of $3.8 million was obtained for the class.
In re Iwerks Securities Litigation (C.D. Cal.):
A recovery of approximately $3.5 million was obtained for the class.
In re Davstar, Inc. Securities Litigation (C.D. Cal.):
A recovery of $3.4 million was obtained for the class.
In re Trident Securities Litigation (N.D. Cal.):
A recovery of $3.15 million was obtained for the class.
In re Twinlab Corp. Securities Litigation (E.D.N.Y.):
A recovery of $3 million was obtained for the class.
In re Offshore Pipelines Securities Litigation (S.D.N.Y.):
A recovery of $3 million was obtained for the class.
Gorga v. Uniroyal Chemical Corp. (Sup. Ct. Conn.):
A recovery of $3 million was obtained for the class.
In re Amylin Pharms. Securities Litigation (S.D. Cal.):
A recovery of $2.1 million was obtained for class.
Class and Derivative Actions Handled by Weiss Law Where a Significant Benefit Was Obtained For The Company and/or the Shareholders
In re Santa Fe Southern Pacific Corporation (Del. Ch.).
In re Genentech Shareholder Litigation (N.D. Cal.).
In re Beverly Enterprises Shareholder Litigation (Del. Ch.).
In re Tandon Computer Shareholder Litigation (C.D. Cal.).
In re Sears Shareholder Litigation (D. Ill.).
In re Xoma Shareholder Litigation (N.D. Cal.).
In re Castle Energy Corp. Shareholder Litigation (C.D. Cal.).
In re Times-Mirror, Inc. Shareholder Litigation (C.D. Cal.).
In re Lockheed Corp. Shareholder Litigation (C.D. Cal.).
In re Nexgen Securities Litigation (N.D. Cal.).
In re GT Greater Europe Securities Litigation (N.D. Cal.).
In re Pairgain Securities Litigation (S.D. Cal.).
In re AMI Securities Litigation (L.A. Superior).
Wallace v. Fox, et al. (Northeast Utilities) (D. Conn.).