Plaintiffs sued on behalf of themselves and a putative class of investors who bought or sold futures contracts based on the Korean KOSPI 200 stock index during overnight trading in 2012. The class that Plaintiffs sought to represent consisted of...

Court Relies on Testimony of Compass Lexecon Affiliate Professor Kenneth Lehn In The Matter of FGL Holdings is a stockholder appraisal action in the Grand Court of the Cayman Islands resulting from Fidelity National Financial Inc.’s $2.7 billion acquisition of...

In its May 22, 2017 decision, the United States Tax Court rejected the claim of the Commissioner of Internal Revenue that the Estate of Andrew J. McKelvey owed $41 million in taxes with respect to McKelvey’s 2008 income tax return...

Court Relies on Testimony of Compass Lexecon Experts Professor Daniel R. Fischel and Dr. Adel Turki Plaintiffs in this litigation claimed that New York University paid excessive recordkeeping fees and made imprudent investments in its employee retirement plans, thereby failing...

On May 1, 2018, U.S. District Court Judge James V. Selna entered an order dismissing the Commodity Futures Trading Commission’s claims against Monex Deposit Company, Monex Credit Company, Newport Services Corporation (collectively “Monex”), and its principals, Michael Carabini, and Lewis...

In the sprawling LIBOR-Based Financial Instruments Antitrust Litigation matters, Plaintiffs sought certification of three separate classes: (i) traders of Eurodollar futures and options on futures traded at the Chicago Mercantile Exchange (the Exchange-Based Plaintiff Action); (ii) financial institutions that made...

On November 9, 2017, the United States Court of Appeals for the Ninth Circuit affirmed the Tax Court’s decision in favor of Compass Lexecon’s client, the Commissioner of Internal Revenue. The Tax Court’s ruling turned on whether an investment by...

Compass Lexecon President Daniel R. Fischel Testifies Successfully In August 2017, Judge William Martinez of the United States District Court for the District of Colorado granted Archstone's motions for summary judgment and ordered the entry of a final judgment in...

Court Tracks Analysis and Testimony of Compass Lexecon Affiliate Professor Robert M. Daines One of AIG's largest shareholders, Starr International Company, Inc. ("Starr") sued the United States, alleging that the Government's acquisition of AIG equity in connection with its bailout...

In March 2017, MF Global and Compass Lexecon’s client PricewaterhouseCoopers (PwC) announced that they had settled a $2 billion malpractice case in New York federal court to the “mutual satisfaction of the parties.” MF Global alleged that PwC’s auditing failures...

In February 2017, our client, the Office of Attorney General Eric T. Schneiderman announced that it had reached a settlement of the Office’s securities fraud suit under the Martin Act against Maurice R. (Hank) Greenberg, the former CEO of American...

On January 30, 2016, Abbott Labs and Alere Inc. entered into a merger agreement whereby Abbott would acquire all of Alere’s outstanding shares for $56 per share in cash. On December 7, 2016, Abbott sued in Delaware Chancery Court for...

Court Relies Heavily on Compass Lexecon Senior Advisor Dr. Jonathan Arnold – Citing His Testimony Extensively in Support of Its Opinion On November 15, 2016, Judge Francisco A. Besosa of the U.S. District Court for the Commonwealth of Puerto Rico,...

Compass Lexecon has been actively involved as consulting experts in a series of cases over the last several years on behalf of the Federal Housing Finance Agency (FHFA) and National Credit Union Administration (NCUA) in litigation relating to alleged false...

On April 26, 2016, United States District Judge T.S. Ellis III denied Plaintiffs' motion for class certification and granted Defendants' motion for summary judgment in an ERISA case brought against Computer Sciences Corporation ("CSC"). Plaintiffs in this matter are former...

In one of the biggest and most closely watched cases coming out the global financial crisis, Maurice "Hank" Greenberg and Starr International challenged the United States Government's financial rescue of American International Group, Inc. ("AIG") that began in September 2008....

On May 11, 2015, Judge Denise Cote of the Southern District of New York ruled in favor of the Federal Housing Finance Agency (“FHFA”), and found Nomura Holdings Inc. (“Nomura”) and RBS Securities Inc. (“RBS”) liable under Federal and State...

This was a stockholder class action against certain members of the board (the “Board”) of Jefferies Group, Inc. (“Jefferies”) and Leucadia National Corporation (“Leucadia”). Plaintiffs alleged that four conflicted members of the Jefferies Board breached their fiduciary duties while negotiating...

This matter involved a stockholder class and derivative action against certain current and former members of the Board of Directors (the “Board”) of Activision Blizzard, Inc. (“Activision” or the “Company”) , Activision’s former majority stockholder Vivendi S.A. (“Vivendi”), and certain...

Citing alleged problems with Sotheby’s business strategy and governance, Daniel Loeb and Third Point LLC launched a proxy fight to obtain three seats on Sotheby’s board of directors. Third Point sought to purchase additional shares of Sotheby’s in the contest...

We were retained by counsel for Google Inc. and counsel for Google’s founders, Larry Page and Sergey Brin (the Founders), to analyze Plaintiff’s claims that Google’s April 12, 2012 proposal for the issuance of a new class of non-voting stock...

Judgment Follows Successful Trial Testimony of Compass Lexecon's President, Professor Daniel R. Fischel Last week, Judge Ronald A. Guzman of the Northern District of Illinois entered a judgment against Household International (now HSBC Finance Corporation) and three officer defendants of...

On February 11, 2013 United States Tax Court Judge Diane L. Kroupa issued a tax court opinion in favor of Respondent (our client) in Bank of New York Mellon Corporation, as Successor in Interest to The Bank of New York...

On November 2, 2012, California State Judge James Kleinberg granted summary judgment for defendants, our clients, in a suit that claimed that McAfee’s board had breached its fiduciary duty by entering into an Agreement and Plan of Merger in which...

On September 25, 2012, Brevard County, Florida Circuit Court Judge Robert T. Burger denied Plaintiffs’ motion for a preliminary injunction of the proposed merger of AuthenTec, Inc. with Apple Inc., finding that Plaintiffs had failed to prove they would suffer...

On August 30, 2012, United States Tax Court Judge L. Paige Marvel issued a tax court opinion in favor of Respondent (our client) in Gerdau Macsteel, Inc. & Affiliated Subsidiaries, Petitioners v. Commissioner of Internal Revenue Service. Petitioner sought to...

Compass Lexecon affiliate David K.A. Mordecai advised Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. and its client, The Anschutz Corporation, in a multimillion dollar securities dispute against a global banking institution and certain credit rating agencies. The dispute involved...

On May 14, 2012, United States Tax Court Judge Joseph Robert Goeke issued a memorandum opinion in favor of Respondent (our client) in Hewlett-Packard Company and Consolidated Subsidiaries, Petitioner v. Commissioner of Internal Revenue, Respondent. Petitioner had sought approximately $177.6...

On February 23, 2012, Kraft Foods Global Inc. and plaintiffs representatives announced they had reached a tentative settlement of two proposed class actions. Plaintiffs had alleged, among other things, that the fiduciaries responsible for overseeing a 401(k) plan for Kraft...

On February 3, 2012, Judge Richard J. Holwell (Southern District of New York) ruled in favor of Compass Lexecon’s client, Prudential Retirement Insurance and Annuity Co. (PRIAC), in the lawsuit it had brought against State Street Bank and Trust Company....