G&E Launches ESG Institute
The ESG Institute is established as a global thought leadership and advocacy group with a focus on the legal considerations surrounding environmental, social and governance issues in institutional investing.
Stunning Shareholder Victory
On the eve of G&E's cross-examination of CEO Mark Zuckerberg, Facebook's Board announces it will withdraw its plan to issue non-voting shares, resulting in an unconditional win for common shareholders whose sole objective in bringing suit was to block the reclassification.
Celebrating Twenty Years
G&E marks 20 successful years as a leader in its field as an advocate institutional investors, protecting their rights, and obtaining some of the most historical recoveries for clients around the globe.
$1B Settlement in the United Kingdom
G&E’s clients, along with other groups bringing litigation against the Royal Bank of Scotland in the United Kingdom, recover $1 billion in losses caused by the bank’s misconduct during the financial crisis of 2008.
$14.7B Volkswagen Settlement
G&E, a part of the plaintiffs' steering committee, reaches an unprecedented settlement in this litigation surrounding the Volkswagen and Audi “clean diesel” emissions scandal.
Pfizer Settles After Tenacious Litigation
Litigation spanning 10 years and reversal of a 2014 decision results in a cash settlement by Pfizer––concealed risks and misrepresentation of safety of its arthritis drugs had caused the company's stock price to plummet.
Historic First for Derivative Litigation
In a derivative action against Freeport-McMoRan, G&E reaches a $153.75 million settlement with the entire cash component ($147.5 million) distributed to shareholders in a historic first for derivative litigation.
Largest Settlement of Its Kind in Japan
In conjunction with two other U.S. law firms and Japanese counsel, G&E obtains a $92.4 million settlement with camera manufacturer Olympus in the largest settlement of its kind in Japan.
$148M in Damages for Dole Stockholders
Following a nine-day trial, Delaware Chancery Court finds Dole Food Company executives breached fiduciary duties, holding them liable for damages of $148 million, plus interest.
$150M JPMorgan Settlement
G&E reaches a $150 million settlement with JPMorgan and certain senior executives in the very high profile “London Whale” proprietary trading scandal that roiled the credit markets and caused JPM shareholders to suffer over $1 billion in damages.
G&E Expands Areas of Practice
G&E launches a new Complex Pharmaceutical and Medical Device Litigation practice focusing on representing individuals harmed by defective drugs or medical devices—often alleged to be misleadingly marketed by pharmaceutical companies.
Firm Named to Elite Trial Lawyers List
G&E is named to inaugural list of The National Law Journal’s “Elite Trial Lawyers,” recognizing law firms that achieved high-dollar recoveries for clients and performed some of the most creative and significant work on the plaintiffs side. The firm continues to be named to the list every year since.
News Corp Settlement Secured
In one of the largest settlements of derivative shareholder litigation in the history of Delaware Chancery Court, G&E secures a $139 million settlement against News Corp’s Board of Directors.
Firm Opens Office in Chicago
G&E expands, opening an office in Chicago, IL, launching the firm’s Consumer Protection and Products Liability Litigation practice.
Firm First Named to Law360 List
G&E is named a “Most Feared Plaintiffs’ Firm” by Law360 in their inaugural list, and is named to the list every year since the list’s inception.
$1B Recovery on Behalf of Whistleblowers
G&E obtains a recovery of over $1 billion representing whistleblowers against GlaxoSmithKline concerning alleged misrepresentations of GSK's asthma medication Advair.
$422M Recovery for Refco Investors
G&E recovers a total of $422 million for a class of investors after Refco violates federal securities laws in connection with investors' purchases of Refco's stock and bonds.
Launch of Bankruptcy Litigation Practice
G&E opens its bankruptcy litigation practice, focusing on major U.S. Chapter 11 bankruptcies and other offshore/cross-border insolvency matters.
Historic Pan-European Class Settlement
Under Dutch law, G&E's clients reach a $450 million pan-European class settlement with petroleum company Royal Dutch Shell on behalf of over 100 European institutional investors—the first of its kind in history.
Largest Ever Derivative Litigation Settlement
In what still remains the largest settlement in the history of derivative litigation in any jurisdiction, G&E reaches a $922 million settlement challenging $1.2 billion in back-dated options granted to UnitedHealth Group’s then-CEO.
Executive Compensation Reform
G&E takes extraordinary action in demanding 29 companies clawback over $5 billion of executive compensations, seeking reform of those companies' future compensation practices, in an unprecedented response to the financial meltdown.
Recognition as Top Recoveries Firm
G&E is recognized for a second year in a row by RiskMetrics as securing the highest average investor recovery in securities class actions.
Induction into “Plaintiffs’ Hot List Hall of Fame”
First named to The National Law Journal's “Plaintiffs’ Hot List” in 2005, G&E is inducted into the “Hall of Fame” just three years later. The firm has continued to be ranked in the Hot List every year since the List’s inception.
Tyco Settles for $3.2B
G&E celebrates its 10th birthday with a $3.2 billion victory for shareholders in a historic settlement with Tyco—the first securities class action to crack (and shatter) the billion-dollar barrier.
Recognition as Top Recoveries Firm
RiskMetrics Group names G&E as the number 1 U.S. law firm for average investor recoveries in securities actions, and number 2 in overall settlements.
Ruling Paves Way for Shareholder Proxy Access
G&E obtains a landmark ruling over AIG when the Second Circuit reverses several years of “no-action” letters from the SEC’s Division of Corporation Finance, paving the way for shareholders to gain access to proxy statements in order to initiate contested board of director elections.
“Shareholder Activism Handbook” Published
G&E publishes a treatise on shareholder activism, the "Shareholder Activism Handbook" (Aspen, 2005) co-authored by managing directer Jay Eisenhofer and director Michael Barry.
Top Ranked by Chambers & Partners
G&E is first ranked as Top Firm, and is consistently ranked in “Band 1” of Chambers USA’s annual listings for its securities and Delaware Chancery Court work.
Top 50 Plaintiffs Firm
Institutional Shareholder Services first recognizes G&E as one of the Top 50 Firms in the U.S. in its “Securities Class Action Services Top 50” list. G&E has been listed annually, ranking 6th in 2010 and 2011.
Firm Opens Office in NYC
With the rapid growth of its Delaware practice, G&E establishes a second office location–in New York City.
Largest Delaware Chancery Court Settlement
G&E obtains a $420 million settlement–the largest settlement in Delaware Chancery Court history–after plaintiffs alleged directors and the majority stockholder of Digex breached fiduciary duties to shareholders and the company.
Firm Successfully Argues Provisions of PSLRA
G&E makes history as the first law firm in the U.S. to successfully argue the provisions of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The opinion in CellStar became the standard of lead plaintiff/lead counsel practice under the PSLRA.
The Founding of G&E
Jay W. Eisenhofer and Stuart M. Grant found Grant & Eisenhofer as a boutique law firm with an exclusive focus on representing institutional investors.