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The firm further served as co-lead counsel in In re Ty Com Limited Securities Litigation and obtained a million settlement in 2010 for shareholders of Tyco International, Ltd. Chitwood has represented individual and institutional investors in securities class actions for twenty years and consistently delivers exceptional results to its clients and shareholders.
In 2004 alone, the firm recovered 3 million for investors and was identified as the fourth most successful securities class action firm in terms of gross recoveries and the second most successful firm in terms of average recovery for that year by ISS.
More than 23,500 Georgia attorneys participated in the survey and nomination process, which placed Messrs. Harley have received this honor in each of the past eight years (2004-2011).
Chitwood and Harley among the of attorneys in the State of Georgia. In addition, Chitwood Harley Harnes partner, Krissi T.
Moreover, even though most securities class actions are either dismissed or settled, our attorneys have substantial experience in actually trying cases, distinguishing us from many securities litigators. Plaintiffs generally allege that Defendants caused false and misleading statements to be issued in violation of Sections 10(b) and 20(a) of the Securities Exchange Act. The court denied the plaintiffs’ motions to expedite discovery and for a temporary restraining order to enjoin the proposed merger. The plaintiffs generally allege that the defendants breached their fiduciary duties by approving a merger with Fresenius Medical Care AG.
Accolades A recent study by BTI Consulting Group included Alston & Bird among a select group of standout firms preferred by clients in the United States for securities litigation. On February 14, 2014, the Court granted our Motion to Dismiss. The plaintiffs failed to seek an injunction to halt the merger and the merger closed.
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Chitwood Harley Harnes (“Chitwood”) has been recognized as among the top ten firms nationally for total recovery for shareholders in 2010 by Institutional Shareholder Services (“ISS”).
of the Georgia attorneys under the age of 40 receive this distinction. Gore has been a Rising Star for three years in a row (2009-2011).
Many of our lawyers are listed in The following are representative case work done on behalf of clients of the Securities Litigation Group: Reported Decisions of Relevance Other Notable Representations Merger Cases Regulatory Enforcement Internal Investigations Am Trust Financial Services, Inc. In re Keryx Biopharmaceuticals, Inc., Securities Litig., Civil Action Nos. Following the close of the merger, a second amended complaint was filed, which added derivative claims based upon alleged backdating of certain stock options.