Close

THE FIRM


Mergers and Acquisitions

The attorneys at Gardy & Notis, LLP have represented stockholders in a range of merger and acquisition transactions, including actions to enjoin company sales at unfair prices and/or on unfair terms, actions to force management to solicit and consider other offers, and actions to recover damages for underpriced transactions.

Corporate Governance and Derivative Litigation

The attorneys at Gardy & Notis, LLP have extensive experience in litigating corporate governance and stockholder derivative actions on behalf of institutional and individual investors in the state and federal courts. Our successes in this area include removing barriers to permit maximization of stockholder value, gaining access to information vital to our clients, and actions to recover damages for conflicted and related party transactions.

Securities Fraud and Accountant's Liability

The attorneys at Gardy & Notis, LLP have recovered hundreds of millions of dollars for classes, including individual investors and institutional clients, who purchased a company's stock during a period when it is alleged that a company's stock price is inflated by fraud.

Consumer Protection and Employment Litigation

The attorneys at Gardy & Notis, LLP have recovered significant damages for businesses and individuals that have sustained losses due to unfair and/or fraudulent business practices, and current and former employees in actions seeking damages for employer mismanagement of retirement and pension benefit plans.
Gardy & Notis, LLP is a boutique law firm dedicated to representing investors in securities class actions, derivative actions, and merger and acquisition litigation, and representing consumers in consumer fraud cases.

The attorneys at Gardy & Notis, LLP have served as plaintiffs' lead counsel in some of the largest securities class action and shareholder derivative action recoveries, including In re McKesson Corp. Deriv. Litig. ($175 million recovery), In re BankAmerica Corp. Securities Litigation ($156.8 million recovery), In re Waste Management Inc., Securities Litigation ($220 million recovery), and In re UnitedHealth Group Incorporated Derivative Litigation ($930 million recovery).

The attorneys at Gardy & Notis, LLP have extensive experience as lead counsel in litigating corporate governance, derivative, bondholder, and M&A transactional cases in state and federal courts across the country. Our reputation for excellence and creativity in the area of director liability for breach of fiduciary duty and corporate governance are demonstrated by cases such as:

  • In re McKesson Corp. Deriv. Litig. (N.D. Cal.) ($175 million recovery for board's failure to properly oversee compliance with the Controlled Substances Act and distribution of opioids, representing the second largest settlement of a "Caremark" board oversight claim in history);
  • In Re Primedia, Inc. Stockholder Litigation (Del. Ch.) ($39 million recovery achieved after successful appeal to the Delaware Supreme Court in an insider trading case, representing a per-share recovery of approximately $2.35 per share, or 33% more than the $7.10 per share price accepted by the board of directors);
  • In re UnitedHealth Group Incorporated Derivative Litigation (D. Minn.) ($930 million recovery for stock options backdating);
  • In re Aramark Corporation Shareholders Litigation (Del. Ch.) ($222 million increase in purchase price, and management voting control reduced from 37% to 3.5%);
  • FIC, L.P. v. Bear Stearns Asset Management Inc. (S.D.N.Y.) ($18.148 million recovery for investors in a failed Bear Stearns hedge fund that engaged in trading with related parties without required approvals);
  • Danner v. Caesars Entertainment Corporation (S.D.N.Y.) ($34.5 million recovery for bondholders alleging violations of the Trust Indenture Act for "guarantee stripping" ahead of a planned bankruptcy);
  • In re Orchard Enterprises, Stockholder Litigation (Del. Ch.) ($10.75 million recovery to stockholders, representing a 95% increase over the price accepted by the board of directors);
  • In re The Student Loan Corporation Litigation (Del. Ch.) ($10 million increase in purchase price, representing an 8.3% increase over the price accepted by the board of directors);
  • In re Sauer-Danfoss, Inc. Stockholder Litigation (Del. Ch.) ($10 million recovery to public minority shareholders); and
  • Lang v. The Reader's Digest Association, Inc. (Del. Ch.) ($21 million increase to shareholders in recapitalization).

The attorneys at Gardy & Notis, LLP also have extensive experience as lead counsel in numerous high-profile class actions under the federal securities laws. Among the more prominent of the federal securities class actions litigated by the firm's attorneys are:

  • In re BankAmerica Corp. Securities Litigation (E.D. Mo.) ($156.8 million recovery for falsely labelling merger as a "merger of equals");
  • In re Waste Management, Inc. Securities Litigation (N.D. Ill.) ($220 million recovery for accounting fraud);
  • Rubenstein v. Gonzalez (AbbVie Inc. Securities Litigation) (N.D. Ill.) ($16.75 million recovery for false statements made to Shire, plc shareholders in connection with a proposed tax-inversion merger);
  • Hirsch v. PSS World Medical, Inc. (M.D. Fla.) ($16.5 million recovery for false statements in proxy materials);
  • Cheney v. Cyberguard Corp. (S.D. Fla.) ($10 million recovery for accounting fraud); and
  • In re Adaptive Broadband Securities Litigation (N.D. Cal.) ($8.2125 million recovery for accounting fraud).

Gardy & Notis also prosecutes cases across the entire spectrum of consumer rights, consumer fraud, and consumer protection issues. The firm's ability to lead and zealously represent consumers is demonstrated in cases such as:

  • Orlander v. Staples Inc. (S.D.N.Y.) ($3.95 million cash recovery for consumers who bought extended warranty plans);
  • In re Apple iPhone4 Products Litigation (N.D. Cal.) (Gardy & Notis served as co-lead counsel to a class over 25 million iPhone 4s and obtained cash and injunctive relief for consumers); and
  • Marc Opperman et al. v. Kong Technologies, Inc. et al. (N.D. Cal.) ($5.3 million recovery for Apple device owners whose data was secretly accessed by app developers).

The attorneys at Gardy & Notis, LLP have decades of litigation experience and are committed to litigating with the highest level of excellence and integrity and to protecting victims of corporate wrongdoing.