SECURITIES AND SHAREHOLDER RIGHTS CLASS ACTION LITIGATION
Corporate officers and directors often breach their fiduciary duties by engaging in conduct that benefits a few at the expense of many. Shareholders can find themselves forced to accept an undervalued offer when directors and management fail to get them the highest possible sales price for their shares. As class and liaison counsel, the lawyers of Kitner Woodward PLLC have successfully prosecuted and settled numerous shareholder rights actions resulting in implementation of strong corporate governance and oversight provisions, the appointment of additional independent directors, and increases in the price-per-share paid to shareholders.
Kitner Woodward PLLC attorneys are also experienced leaders in class action litigation arising from federal securities laws, including the Private Securities Law Reform Act of 1995. Investors often suffer losses when publicly-traded companies and their officers and directors mislead the market about their financial condition and business prospects. Our lawyers have served as co-lead or liaison counsel in a number of significant securities class action cases for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 resulting in substantial recoveries for shareholders.