SECURITIES CLASS ACTIONS

The Brualdi Law Firm has achieved over the years, and is continuing to achieve, significant results for plaintiffs in securities class actions.  Among many others, these cases include:

• In re Siliconix Inc. Shareholders Litig., C.A. No. 1143-NC (Chancery Court, Delaware), The Brualdi Law Firm one of plaintiffs’ lead counsel in this shareholder class action alleging that the majority shareholder of Siliconix was trying to acquire the remainder of the company for an unfairly low price.  Case settled to approval of the Court based on a $31.8 million increase in the price to be paid for remainder of company.

• In re 7-Eleven, Inc. Shareholders Litig., Cause No. 0508944-M (Dist. Ct. Texas 2005) The Brualdi Law Firm one of principal plaintiffs’ counsel in shareholder class action which caused 7-Eleven Japan to increase price it was paying for that portion of 7-Eleven it did not already own by $145 million.

• Blaz v. Pan Pacific Retail Properties, Inc., et. al., Case No. 03-C-06-008085 (Circuit Court for Baltimore County, Maryland) wherein the Brualdi Law Firm served as one of Plaintiffs’ co-lead counsel in a shareholder action challenging the buyout of Pan Pacific Retain Properties by Kimco Realty Corporation, which resulted in an additional $9.3 million dollars being paid to Pan Pacific’s shareholders.

• In re Chiron Shareholder Deal Litigation, Case No. 05-2305667(Alameda County 2005); In re Chiron Corporation Shareholders Litigation, Consolidated Case No. 1602-N (Delaware Chancery Court 2005) wherein The Brualdi Law Firm served as one of plaintiffs’ co-lead counsel in shareholder class action which caused Novartis to increase offer for that portion of Chiron Corporation it did not already own by over $300 million.

• In re Plains Resources Inc. Shareholders Litigation, Consolidated C.A. No. 071-N (Delaware Chancery Court) wherein The Brualdi Law Firm served as co-lead counsel in a shareholder class action on behalf of Plains Resources, Inc.’s shareholders that resulted in a settlement where the defendants agreed to pay shareholders an additional $0.50 per Plains shares, resulting in an aggregate benefit of $11.3 million, in addition to making supplemental disclosures. 

• In re Xicor, Inc. Shareholder Litigation, Case No. 1-04-CV-017801 (Supreme Court for Santa Clara County, California), wherein The Brualdi Law Firm was one of an Executive Committee of plaintiffs’ counsel in a shareholder class action on behalf of Xicor, Inc. shareholders that resulted in a settlement where the defendants agreed to pay shareholders $2 million in additional money for their stock in Xicor.

• In re Gundle/SLT Environmental Inc. Shareholders Litigation, Consolidated C.A. No. 150-NC (Delaware Chancery Court) wherein The Brualdi Law Firm was one of plaintiffs’ co-lead counsel challenging the acquisition of Gundle by private equity investment firm Code Hennessy & Simmons, IV which resulted in additional information being disclosed to Gundle’s shareholders.

• In re Argosy Gaming Co. Shareholder Litigation, Case no. 04-L-1304 (Circuit Court for Madison County, Illinois) wherein The Brualdi Law Firm served as co-lead counsel in a shareholder class action on behalf of Argosy Gaming Co. shareholders that resulted in additional information being disclosed to Argosy shareholders.

• In re Net2Phone, Inc. Shareholders Litigation, Consolidated C.a. No. 1467-N (Delaware Chancery Court), Spring Partners LLC v. Net2Phone, Inc., Case No.  ESX L 00214-05 (Superior Court of Essex County, New Jersey) wherein The Brualdi Law Firm was one of principal plaintiffs’ counsel challenging the acquisition of Net2Phone Inc. by its majority shareholder, IDT Corporation which resulted in an increase in the consideration being paid and additional information being disclosed to Net2Phone’s shareholders.

• In re Uni-Marts Inc. Shareholders Litigation, Consolidated C.A. No. 185-NC (Delaware Chancery Court) wherein The Brualdi Law Firm served as co-lead counsel for Uni-Marts’ shareholders challenging the acquisition of Uni-Marts by certain of Uni-Marts directors and officers which resulted additional information being disclosed to Uni-Marts’ shareholders.

• In Re Mossimo, Inc. Shareholder Litigation, Consolidated C.A. No. 1246-N (Delaware Chancery Court) wherein The Brualdi Law Firm served as co-lead counsel for Mossimo shareholders challenging the acquisition of Mossimo which resulted in a 30% reduction in the termination fee, entitled Mossimo’s shareholders to liquidated damages under certain circumstances and caused defendants to disclose additional information to Mossimo’s shareholders. 

• Bamboo Partners LLC v. Fruth, et. al., Case No. C-04-01749 (Superior Court of Contra Costa County, California) wherein the The Brualdi Law Firm served as counsel for plaintiff in a class action suit which challenged the actions of the directors of Ocular Science, Inc. in selling the company to Cooper Companies, Inc, while discouraging other bidders through the imposition of a $35 million termination fee.  A settlement was reached whereby defendants agreed to a $4.2 million reduction in the termination fee and additional disclosures being made to Ocular’s shareholders.

• In re Intimate Brands, Inc. Shareholders Litig., No. 19380 (Chancery Court, New Castle County, Delaware) wherein The Brualdi Law firm was one of an Executive Committee of plaintiffs’ counsel in a shareholder class action on behalf of Intimate Brands Inc. shareholders that resulted in a settlement where the defendants agreed to pay shareholders tens of millions of dollars in additional money for their stock in Intimate Brands.

• In re TeleCorp. PCS, Inc. Shareholder Litig., No. 19260 (Chancery Court, New Castle County, Delaware), wherein The Brualdi Law Firm was one of plaintiffs’ counsel in a shareholder class action on behalf of TeleCorp. PCS, Inc. shareholders which challenged the sale of TeleCorp to its largest shareholder, AT&T Wireless Services, Inc.  This action was settled to the approval of the Delaware Chancery Court, for $47.5 million.

• In re: Partsbase, Inc. Shareholders Litig., No. 19546 (Chancery Court, New Castle County, Delaware), wherein The Brualdi Law Firm was one of two co-lead counsel in a shareholder class action on behalf of Partsbase, Inc. shareholders against its directors and others challenging the proposed merger of Partsbase with a company owned by its majority shareholder, Robert Hammond.  This case was settled to the approval of the Delaware Chancery Court, for a very significant increase in the purchase price to be paid to Partsbase shareholders for their shares.

• In re Comair Holdings Inc., Shareholders Litig., No. 99 CI 1213 (Circuit Court, Boone County, Kentucky), wherein The Brualdi Law Firm served as one of three co-lead counsel in a class action suit which challenged the actions of the directors of Comair Holdings in selling the company to its largest shareholder, Delta Air Lines, Inc., while discouraging other bidders through the imposition of a $50 million break up fee.  A settlement was reached whereby defendants agreed, inter alia, to rescind that break-up fee in its entirety – a settlement which drew substantial praise from the Court for The Brualdi Law Firm’s efforts.