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Legal Representations
Stuart J. Guber
![]() Contact Mr. Guber Two Commerce Square Legal RepresentationsIn re Rite Aid Pharmacy Sec. Litig., MDL 1360 (E.D. Pa.) ($320 million settlement of securities class action in connection with massive accounting fraud involving numerous interrelated GAAP and GAAS issues against senior management and public auditors); In re Providian Financial Corp. Sec. Litig., No. 01-cv-3952 (N.D. Cal.) ($65 million settlement against bank credit card company and its senior management regarding fraudulent accounting for charge-offs, allowance for doubtful accounts and off balance sheet securitizations of outstanding account balances) ; In re Bell South Corp. Sec. Litig., No. 02-cv-2142 (N.D .Ga.) ($35 million settlement in securities litigation involving accounting for write-downs of goodwill in foreign operations); Paine v. Microwarehouse, Inc., No. 96 -cv-01920 (D. Conn.) ($30 million settlement in securities class action alleging accounting fraud); In re MBNA Corp. Sec. Litig., No. 05-cv-00272 (D.Del.) ($25 million securities class action settlement involving the company's credit card business); In re Premier Technologies, Inc. Sec. Litig., No. 98-cv-1804 (N.D.Ga.) ($20.75 million settlement in securities class action involving alleged misrepresentations concerning company's key product); In re Boston Chicken, Inc. Sec. Litig., No. 97-cv-01435 (D. Colo.) ($20 million settlement with company officers, directors, public auditors and underwriters involving complex accounting, securities and bankruptcy issues); In re NPS Pharmaceuticals, Inc. Sec. Litig., No. 06-cv-00570 (D.Utah) ($15 million class action securities settlement involving alleged misstatements about company's pharmaceutical product, PREOS, developed to treat osteoporosis); In re Friedman's, Inc. Sec. Litig., No. 03-cv-3475 (N.D. Ga.) ($14.9 million settlement in securities class action brought against the company's senior management, public auditors and majority shareholders alleging violations of GAAP in connection with company's credit losses and accounts receivable); Centre for Neuro Skills, Inc.-Texas v. Specialties & Paper Products Union, No. 527 Health and Welfare Fund, No.07-10150-A (Dallas County Ct. Texas) (lead trial counsel in achieving directed defense verdict on behalf of Taft-Hartley multi-employer union health and welfare fund); Nepomuceno v. Knights of Columbus, No. 96-cv-4789 (N.D. Ill.) ($22 million settlement in life insurance vanishing premium policy consumer fraud case); Criddle v. CNF, Inc., C.A, No. 434340 (Cal. Sup. Ct.) (successful derivative action resulted in corporate governance changes to address specific misconduct alleged in complaint relating to safety and maintenance reporting issues); Koehler v. Green, No. 405-cv-367-JFN (E.D. Mo.)(successfully defended firm and principal partner in breach of fiduciary duty litigation brought by lead plaintiff in connection with class settlement negotiations); Maiocco, et al. v. Greenway Capital Corp., NASD No. 94-04396 (lead trial counsel for plaintiffs in securities arbitration awarding compensatory damages of $227,000 and punitive damages of $100,000 on churning and unsuitability claims against brokerage firm); Solomon v. T.F.M., Inc., (achieved defense verdict as lead trial counsel in securities arbitration representing Philadelphia Stock Exchange options trading firm). |