ABOUT US (cont.)

Indeed, The Brualdi Law Firm, PC’s successes have become so legion that it has developed a reputation as the law firm that clients and even Courts turn to when other lawyers have failed to achieve successful outcomes or have not been able to optimize their clients’ interests. Most recently this happened in the case of litigation brought by shareholders of Pan Pacific Retail Properties Inc., a $4.0 billion real estate investment trust incorporated in Maryland and headquartered in San Diego, California. The San Diego based law firms of Lerach Coughlin Stoia Geller Rudman & Robbins, LLP (“Lerach”) and Robbins Umeda & Fink LLP (“Robbins”) represented a class of Pan Pacific shareholders in San Diego County and negotiated a proposed settlement that did not provide for any financial benefit for the class. The Superior Court for San Diego County had preliminarily approved the settlement and ordered that notice be sent to class members. However, upon learning that The Brualdi Law Firm, PC, a law firm with whose reputation it was apparently well-familiar, had filed a similar case on behalf of Pan Pacific shareholders in Baltimore County, Maryland, the San Diego Superior Court promptly revoked its preliminary approval of the settlement negotiated by the Lerach and Robbins firms and made clear that it did not want to in anyway stand in the way of The Brualdi Law Firm, PC’s prosecution of the case in Maryland. To view a transcript of its decision revoking preliminary approval of the Lerach/Robbins’ settlement click here. Undoubtedly aware of The Brualdi Law Firm, PC’s litigation prowess, the defendants in short order agreed to a settlement of the case that provided an additional $9.6 million cash benefit to shareholders – a benefit the Lerach and Robbins firms had been unable to obtain. To view a copy of the Pan Pacific Stipulation of Settlement, and Court Order approving it click here.

Nor is the Pan Pacific case the only matter in which Courts have determined that shareholders would be best served by being represented by The Brualdi Law Firm, PC. In this regard, several years prior to the Pan Pacific matter, The Brualdi Law Firm, PC prosecuted a shareholder derivative action on behalf of The Bank of New York Company in the Supreme Court for New York County, New York. A parallel action was brought by what was then the nation’s largest and preeminent plaintiffs’ securities law firm, Milberg Weiss Bershad Hynes & Lerach LLP, in the United States District Court for the Southern District of New York. The Presiding Judge in the case pending in the United States District Court, who was well familiar with The Brualdi Law Firm, PC from a previous case, apparently concluded that shareholders would be better served by being represented by The Brualdi Law Firm, PC and dismissed the case pending before him so that the case prosecuted by The Brualdi Law Firm, PC in the Supreme Court could proceed without the distraction that the parallel case presented. To view a copy of its opinion click here. The Brualdi Law Firm, PC then went on to negotiate a settlement that provided for a $26.5 million cash recovery as well as numerous corporate governance changes. To view a copy of the Stipulation of Settlement and Court Order approving it click here. This was apparently the largest cash recovery ever obtained in a “stand alone” derivative case.