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 the sale of Jefferies to Leucadia to secure a deal which favored their own interests to the detriment of public shareholders, and that Leucadia aided and abetted those breaches. Daniel R. Fischel and Kevin Dages were retained as expert witnesses by the Defendants. The case settled after expert reports were submitted and Dages was deposed. Fischel & Dages were supported by George Hickey, Tim McAnally, Jonathan Polonsky, and David Ross in Compass Lexecon’s Chicago office. The Defendants were represented by Joseph Allerhand and Seth Goodchild at Weil, Gotshal & Manges LLP; Collins J. Seitz, Jr., Bradley R. Aronstam and Anthony Rickey at Seitz, Ross, Aronstam & Moritz LLP; Brian A. Herman at Morgan, Lewis & Bockius LLP; Gregory Varallo, Richard Rollo and Kevin Gallagher at Richards, Layton & Finger, PA; William Savitt and Bradley R. Wilson at Wachtell, Lipton, Rosen & Katz; and William Lafferty and D. McKinley Measley at Morris, Nichols, Arsht & Tunnell LLP.
- Securities & Financial Markets
- Financial Institutions & Products
- Daniel R. Fischel
- Kevin F. Dages
- David J. Ross