ATHENS/NEW YORK (February 10, 2020) – In a landmark decision issued Feb. 7, the International Centre for Settlement of Investment Disputes, an international tribunal affiliated with the World Bank, ruled that it has jurisdiction over arbitration proceedings brought by Grant & Eisenhofer against the Republic of Cyprus on behalf of almost 1,000 Greek bank depositors and bondholders who claim heavy losses in the wake of Cyprus’s 2013 financial crisis.
The Women’s Bar Association of Illinois spotlights Karyn Bass Ehler, head of the firm’s Civil Rights practice group, in its Member Monday feature. Ms. Bass Ehler litigates matters involving wrongful convictions, excessive force and other Section 1983 claims, sexual harassment or assault, and discrimination, among other egregious civil rights violations. An “advocate for the importance of diversity, equity, and inclusion in law, government, and business,” she is dedicated to empowering women and other underrepresented groups in the legal profession—an underlying theme in her life’s work.
A report released by Institutional Shareholder Services Inc.’s Securities Class Action Services highlights the top 25 largest securities class action recoveries reached outside the U.S. Topping the rankings is the $1.5 billion settlement against Fortis in the Netherlands and Belgium, where G&E served as global counsel. The Netherlands tops the list as the jurisdiction with the most funds obtained, but Australia leads with the highest number of settlements.
The majority of these settlements occurred after 2010, when the U.S. Supreme Court ruled in Morrison v. National Australia Bank. The ruling precludes investors who purchased securities on foreign exchanges from suing under U.S. federal securities laws. “[International shareholder litigation] has proliferated in the wake of that decision because it was no longer possible to bring cases on behalf of institutional investors or other types of investors who purchase outside the United States,” said G&E Director Olav Haazen. “They obviously still have the same case — it’s still the same fraud — but had to find a different venue.”
G&E has once again been selected as one of Law360’s Delaware Regional Powerhouses. The 2019 honor was bestowed upon six firms that are “handling some of the biggest deals and most high-profile courtroom battles….”
Public Justice features firm director Deborah Elman and her dedication to promoting competition, protecting shareholders, and fostering good corporate governance. Ms. Elman leads significant cases in the pharmaceutical, healthcare, and financial services industries. She is also co-director of G&E’s ESG Institute, which supports responsible investment. G&E’s and Ms. Elman’s work shares common goals with Public Justice, whose attorneys work with private lawyers across the nation to fight injustice and preserve access to the courts.
G&E’s Karyn Bass Ehler, Senior Counsel and head of the firm’s Civil Rights practice, has been selected for inclusion to Super Lawyers’ list of 2020 Top Rated Civil Rights Lawyers in Chicago, IL. The list recognizes only 5% of attorneys in each state. Ms. Bass Ehler had been selected by Super Lawyers as a Rising Star for four years.
ORLANDO, FL (January 7, 2020) – Leading plaintiffs’ law firm Grant & Eisenhofer P.A. has filed a federal civil rights lawsuit on behalf of a Honduran immigrant from Orlando who spent 14 years in prison, 10 of them on death row, for a double murder he did not commit. The daughter and granddaughter of the victims repeatedly confessed while he remained wrongfully incarcerated…
SELMA, ALA. (January 16, 2020) – The family of a nine-year-old girl in Linden, Alabama, who hung herself in December 2018 has filed a lawsuit against her school and various school district officials who allegedly were fully aware of the persistent abuse and bullying directed at her and took no action to stop it.
G&E Birth Injury Attorney and Director, Lisa Weinstein, has been selected for inclusion to Super Lawyers’ list of 2020 Top Rated Medical Malpractice Lawyers in Chicago, IL. The list recognizes only 5% of attorneys in each state. Ms. Weinstein has been selected by Super Lawyers as a Rising Star for the past nine years.
LOS ANGELES (August 5, 2019) – Rosette Pambakian, a former senior executive at dating app Tinder and the woman responsible for the brand’s breakout success, has sued former Match Group and Tinder CEO Gregory Blatt for sexual assault, along with Match Group and IAC/Interactive Corp. for its cover-up and her wrongful termination for speaking out. The lawsuit was filed by leading plaintiffs’ law firm Grant & Eisenhofer.
Plaintiffs’ attorneys reach Agreement-in-Principle with Columbia Gas; settlement will compensate communities of Lawrence, Andover and North Andover …
“These explosions devastated the communities and economy of the towns in Merrimack Valley. Families suffered for months in the gripping cold. Businesses shuttered, and lives were upended,” said Plaintiffs’ Co-Lead Counsel, Elizabeth Graham of Grant & Eisenhofer. “To this day, the people most impacted by the explosions are not fully back on their feet, but we believe this settlement is the quickest and most just method to ensure that residents and businesses are made whole again.” In addition to Ms. Graham, G&E Associate Adam Gomez serves as plaintiffs’ counsel in the matter.
SAN FRANCISCO, CA (July 18, 2019) – Leading plaintiffs’ law firm Grant & Eisenhofer P.A. announced the filing of sexual assault lawsuit against Massage Envy, the Scottsdale, Ariz.-based therapeutic massage franchisor and largest employer of massage therapists nationwide. The legal action advances G&E’s advocacy and representation of women in assault cases in various industries, including financial services and technology.
SAN FRANCISCO, CALIF. (August 8, 2019) – A California judge has ordered that all California lawsuits brought against drugmaker Gilead Sciences, Inc. over HIV medications containing tenofovir disoproxil fumarate (TDF) will be coordinated before a single judge in San Francisco County Superior Court going forward.
OAKLAND, CALIF. (July 8, 2019) – Personal injury lawsuits on behalf of hundreds of patients against drugmaker Gilead Sciences, Inc., are moving forward in numerous California State Courts, having been cleared by state and federal judges. The plaintiffs allege that the Foster City, Calif.-based company withheld from sale for more than a decade a medication for HIV treatment that Gilead knew was safer and more effective than the drug the company promoted on the market during that period.
NEW YORK (June 24, 2019) – The Grant & Eisenhofer ESG Institute announced the filing of a petition to ban importation of palm oil produced in Malaysia by that country’s biggest, and one-third government-owned palm oil producer, FGV Holdings Berhad (formerly known as FELDA Global Ventures Berhad), due to widespread evidence of forced labor and illegal child labor practices on FGV’s oil-palm plantations. The petition was filed with the U.S. Customs and Border Protection, the agency within the Department of Homeland Security that enforces laws and facilitates lawful trade.
Jay Eisenhofer has been inducted into The Legal 500 Hall of Fame. The Hall of Fame distinction is reserved for law firm partners at the pinnacle of their profession that have received constant praise from their clients. Mr. Eisenhofer has been consistently recognized as a leading lawyer by The Legal 500 United States for his expertise in the Dispute Resolution – Securities Litigation: Plaintiff category.
CHICAGO (March 25, 2019) – Leading plaintiffs’ law firm Grant & Eisenhofer announced the formation of a new Civil Rights practice, led by Karyn Bass Ehler, who joins as senior counsel in the firm’s Chicago office. Ms. Bass Ehler brings a distinguished track record in civil rights matters in both private practice and the public sector. She most recently served as Chief of the Civil Rights Bureau for the Illinois Attorney General.
COPENHAGEN, DENMARK (March 18, 2019) – An international coalition of public pension funds, governmental entities, and asset managers have sued Danske Bank A/S, asserting fraud claims stemming from a massive Russian money-laundering scheme and multi-year cover-up by Denmark’s largest bank and its senior leadership.
Wilmington, DELAWARE (March 8, 2019) – Law firm Grant & Eisenhofer has brought suit on behalf of institutional investors against Elon Musk and the board Tesla Inc., asserting that the CEO’s ongoing unchecked misstatements on Twitter have continued to harm the company and its shareholders.
Director Lisa Weinstein and Associate Whitney Siehl have been selected for inclusion to Super Lawyers’ list of 2019 Rising Stars. The Rising Stars list recognizes up to 2.5% of attorneys in each state that are either 40 years old or younger, or in practice for 10 years or less. Ms. Weinstein has been selected to the list for the past eight years, and Ms. Siehl was selected to the list for the first time this year.
Jonathan Oestreich recently joined G&E as a Director to build upon the Firm’s well-established efforts advocating for institutional investors in shareholder matters. Prior to joining G&E, Mr. Oestreich was a managing director at Spotlight Advisors in New York, an advisory firm focused on shareholder activism and proxy contests. Previously, he was a senior M&A banker and led the contested situations practice at Brown Brothers Harriman & Co.
Mr. Oestreich’s arrival aligns with G&E’s historic platform and success representing shareholders and other investors in securities and corporate governance litigation. The Firm’s new push for shareholder engagement comes as public pension funds and other institutional investors increasingly align with activist shareholders to insure the value of retirement portfolios, enhance returns, and advocate for improved governance. As a result, activists and public company boards are applying a more rigorous approach to capital allocation, operations benchmarking, and corporate governance. G&E’s activist practice will advocate for these improvements.
For additional details read Law firm Grant & Eisenhofer hires Oestreich to build activism practice (Reuters.com)
Beth Graham, leader of G&E’s complex pharmaceutical and medical device litigation practice, and Lisa Weinstein, leader of G&E’s birth injury litigation group, have been selected for the Lifetime Achievement award by America’s Top 100 Attorneys®. The honor is bestowed upon only 100 attorneys in each state—less than 0.5% of active attorneys in the United States. Ms. Graham and Ms. Weinstein are recognized for their accomplishments and impact on the legal profession over the course of their careers, representing plaintiffs in product liability and birth injury litigation.
Wilmington, DELAWARE (September 21, 2018) – Grant & Eisenhofer won a jury verdict on behalf of a whistleblower who exposed a scheme by Overstock.com (NASDAQ: OSTK) to avoid reporting and remitting to Delaware millions of dollars in dormant gift cards.
G&E has been selected as one of Law360’s Delaware Regional Powerhouses for 2018. The honor is bestowed upon firms that have made a lasting impact on the law at the state and local level.
AMSTERDAM, The Netherlands (July 13, 2018) – Dutch appeals court officially approved the largest securities settlement ever reached in Europe, clearing the way for international insurance company Ageas N.V./S.A. to begin payment of $1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States.