News - 2018
Saxena White Reaches a $210 Million Settlement for Shareholders in Wilmington Trust Class Action
Having achieved close to a 40% recovery on behalf of the class, without the additional risk of a trial, Saxena White is pleased to announce we have reached a $210 Million settlement for shareholders in the Wilmington Trust Class Action. The lawsuit alleges, according to court documents, that the bank fraudulently concealed billions of dollars in bad loans. After 8 years of work and countless hours of discovery, our team of attorneys are very happy with the outcome of this settlement and the recoverable damages we were able to secure, not only for our clients, but for all effected shareholders.
Saxena White Welcomes Doug McKeige
Douglas McKeige, Director at Saxena White, brings unparalleled experience investigating, commencing and prosecuting meritorious securities fraud and corporate governance cases to Saxena White. Mr. McKeige was co-managing partner of Bernstein Litowitz Berger & Grossmann, a well-known plaintiffs' firm, for many years. During his time at that firm, he spearheaded the firm's institutional investor practice and developed and led its case starting department. Utilizing his extensive knowledge of the securities markets, Mr. McKeige counseled pension funds, hedge funds, private equity firms and, most importantly, hardworking men and women saving for their retirement, on potential claims and avenues for case prosecution. Under Mr. McKeige's supervision, the firm successfully commenced and prosecuted hundreds of cases in state and federal courts throughout the country, and recovered more than $12 billion on behalf of defrauded investors, including cases involving Worldcom ($6.2 billion), Nortel Networks ($2.45 billion), Freddie Mac ($410 million), Bristol-Myers Squibb ($300 million) and Mills Corp. ($203 million).
Mr. McKeige combines at Saxena White his more than two decades of legal experience with years of knowledge as a hedge fund Managing Director, during which time he helped build two multi-billion dollar hedge funds. As a result of his hedge fund experience, Mr. McKeige has extensive experience with macroeconomic themes, company-specific opportunities and trade implementation strategies across all asset classes (equities, fixed income, foreign exchange and commodities), and with using derivatives across all major geographies. His unique perspective on the workings of the financial markets provides Saxena White's institutional clients with valuable information when considering strategies for recovering investment losses.
Mr. McKeige earned his B.A. in Economics from Tufts University, cum laude, and his J.D. from Tulane Law School, magna cum laude, Order of the Coif. Mr. McKeige was Articles Editor of the Tulane Law Review and is admitted to the Bar of the State of New York.
Saxena White P.A. Files Securities Fraud Class Action Against Patterson Companies, Inc.
Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court of Minnesota against Patterson Companies, Inc. (“Patterson” or the “Company”) (NASDAQ: PDCO) on behalf of investors who purchased or otherwise acquired the common stock of the Company between June 26, 2015 and February 28, 2018, inclusive (the “Class Period”).
Patterson is one of the nation’s only full-service distributors of dental products. The Company distributes its products mainly through two subsidiaries—Patterson Dental and Patterson Animal Health.
The Complaint asserts claims for violations of the Securities Exchange Act of 1934. The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
For more information on this case, please visit the Case Details.
Saxena White P.A. Appointed Co-Lead Counsel in Credit Suisse Group AG Securities Class Action
Saxena White P.A. is pleased to announce that, on March 19, 2018, the United States District Court for the Southern District of New York appointed the City of Birmingham Retirement and Relief System, Teamsters Local 456 Annuity Fund, Teamsters Local 456 Pension Fund, Teamsters Local 710 Pension Fund and Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds as Co-Lead Plaintiffs in the Credit Suisse Group AG case and appointed Saxena White as Co-Lead Counsel.
Saxena White Awarded U.S. News Tier 1 “2018 Best Law Firm” in Securities Litigation
After a rigorous evaluation process that included a collection of peer reviews and attorney information, Saxena White was awarded The U.S. News – Best Lawyers® "Best Law Firms" of 2018. Moreover, Saxena White received Tier 1 recognition in the Securities Litigation field. This selection came from a pool of over 13,000 law firms nationwide. According to U.S. News, “Firms included in the 2018 "Best Law Firms" list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a tiered ranking signals a unique combination of quality law practice and breadth of legal expertise.”
Kathryn Weidner and Adam Warden Recognized by South Florida Legal Guide as 2018 Top Up and Comers
Kathryn Weidner and Adam Warden were recently recognized in the 2018 edition of South Florida Legal Guide™ for Securities Litigation. Chosen by fellow attorneys across South Florida, this honor highlights peer recognition and excellence for each field of law.
The South Florida Legal Guide can be viewed at http://sflegalguide.com.