Court Relies on Analyses of Compass Lexecon Expert Professor Kenneth M. Lehn On August 14, 2023, Chancellor Kathaleen Saint Jude McCormick of the Delaware Court of Chancery ruled that the fair value of Pivotal Software, Inc. (“Pivotal”) shares was $14.83...

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...

Court Relies on the Testimony of Compass Lexecon Senior Consultant Professor Kenneth Lehn On November 1, 2017, Boston Scientific entered into an agreement to acquire Channel Medsystems conditional on Channel Medsystems receiving FDA approval for their Cerene device. Boston Scientific...

Universal Entertainment and its subsidiary Aruze USA brought a lawsuit against Wynn Resorts, alleging that Aruze’s shares of Wynn Resorts common stock were redeemed at a discount that was too large and inconsistent with the shares’ fair value. Compass Lexecon...

Compass Lexecon was retained on behalf of JP Morgan Investment Management (JPMIM) in two cases brought by AMBAC and Assured Guaranty alleging gross negligence and breaches of contract related to investment decisions for assets in two triple X securitizations providing...

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 this securities class action, District Judge Andrew P. Gordon granted Defendants’ motion for summary judgment in January 2017, ruling that, among other things, Plaintiffs and their expert did not establish loss causation. Plaintiffs claimed that Defendants had artificially inflated...

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...

On April 12, 2016, the Eighth Circuit Court of Appeals reversed a district court ruling certifying a securities class action against Best Buy and three of its executives regarding certain allegedly false and misleading statements. The Court held that the...

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...

Raymond M. Pfeil, et al. v. State Street Bank and Trust Co., U.S. District Court, Eastern District of Michigan, Southern Division Plaintiffs alleged a breach of fiduciary duty by State Street for failure to prudently manage the assets in General...

On April 29, 2013 Pennsylvania Court Judge Christine Ward dismissed seven consolidated shareholder derivative and purported class action lawsuits, clearing the way for the successful shareholder vote on the acquisition of H.J. Heinz by Berkshire Hathaway and 3G Capital. Plaintiffs...

Compass Lexecon was retained by Emily Nicklin and Gabor Balassa of Kirkland & Ellis LLP who represented a big-four accounting firm in defense of an audit malpractice claim. Compass Lexecon affiliate, Professor Kenneth Lehn, supported by David Ross and a...

Compass Lexecon was retained by Bruce Birenboim at Paul, Weiss, Rifkind, Wharton & Garrison LLP on behalf of their client Harbinger Capital Partners in a case involving a suit by NACCO Industries, Inc. alleging that Harbinger acquired shares of Applica...

In this recent case, Chancellor William B. Chandler III of the Delaware Chancery Court ruled that the merger consideration and other aspects of the transactions that merged John Q. Hammons Hotels (JQH) into an independent third party acquisition company were...

In one of the most prominent cases arising from the financial crisis, the Securities and Exchange Commission sued Angelo Mozilo and other executives for securities fraud and insider trading related to their work running Countrywide Financial and its mortgage businesses....

A federal court jury in San Francisco found that Compass Lexecon’s client, Michael Pattison, was not liable for alleged securities fraud, aiding and abetting securities fraud, or aiding and abetting the filing of misleading reports in connection with an alleged...

The SEC alleged that Dell did not disclose the effect of discounts Dell received from Intel on the Company’s financial results and the effect that Dell’s sourcing of processors from AMD would have on these discounts and the Company’s future...

In what started out as a dispute seeking clarification over certain terms of a licensing agreement between U.S.-based ESCO Corporation and its Australian licensee (Bradken Resources), Bradken asserted antitrust violations by ESCO and submitted a claim seeking significant antitrust damages....