Microsoft Derivative Action

Microsoft Derivative Action Barovic v. Ballmer, Lead Case No. 14-cv-00540 (W.D. Wash) (Microsoft derivative action): In 2016, the Weiser Firm, serving as Co-Lead Counsel in the Microsoft derivative action, produced an outstanding settlement in a shareholder derivative action based on Microsoft Corp.’s failure in 2012 to comply with a European Union antitrust settlement agreement. The… Continue reading Microsoft Derivative Action

Broadcom Derivative Action

Broadcom Derivative Action Mr. Weiser was co-lead counsel in the Broadcom Derivative Action. Like the Oracle case, the Broadcom Derivative Action was also produced a ground-breaking settlement. In connection with the eventual settlement of the Broadcom Derivative Action, plaintiffs were able to compel Broadcom to make sweeping, substantial changes to its corporate governance practices which… Continue reading Broadcom Derivative Action

CMS Derivative Litigation

CMS Derivative Litigation Mr. Weiser was co-lead counsel in the CMS Derivative Litigation. In that case, plaintiff alleged that CMS’ Board of Directors failed to develop and implement adequate corporate governance practices and internal controls. Plaintiff alleged that the Board’s internal control failures caused the Company to suffer enormous damages to its reputation and prestige.… Continue reading CMS Derivative Litigation

El Paso Derivative Litigation

El Paso Derivative Litigation Mr. Weiser was lead counsel in the El Paso Derivative Litigation. This action centered on the Company’s alleged anti-competitive conduct in California during that the state’s energy crisis of 2001-02. In addition to making sweeping changes to the Board’s structure and the Company’s corporate governance practices, Mr. Weiser was able to… Continue reading El Paso Derivative Litigation

SPX Derivative Litigation

SPX Derivative Litigation Mr. Weiser was lead counsel in the SPX Derivative Litigation. Like the Etrade Derivative Litigation, Mr. Weiser believes that the SPX Derivative Litigation is among the most successful executive compensation cases ever brought against a publicly traded corporation’s board of directors. In this case, the plaintiff challenged the fairness of the Company’s… Continue reading SPX Derivative Litigation

Vitacost Derivative Litigation

Vitacost Derivative Litigation The Weiser Firm obtained extraordinary relief in connection with the settlement of a shareholder derivative action brought on behalf of Vitacost.com, Inc. (“Vitacost”), which preserved that company’s corporate form and the equity interests of its shareholders. The Vitacost derivative action centered upon Vitacost’s December 7, 2010 announcement that its historical financial statements… Continue reading Vitacost Derivative Litigation

KeyCorp Derivative Litigation

KeyCorp Derivative Litigation In KeyCorp, The Weiser Firm served as lead counsel and produced what it believes to be the first-ever settlement of any “say-on-pay” derivative action. The KeyCorp derivative action was based on allegations of misconduct arising from the failure of the KeyCorp Board of Directors to amend the executive compensation awarded for 2009,… Continue reading KeyCorp Derivative Litigation

Etrade Derivative Litigation

Etrade Derivative Litigation Mr. Weiser was co-lead counsel in the Etrade Derivative Litigation. Mr. Weiser believes that the Etrade Derivative Litigation is one of the most successful executive compensation cases ever brought against a publicly traded corporation’s board of directors. In that case, the plaintiff challenged the payment of excessive compensation awarded to Etrade’s then-current… Continue reading Etrade Derivative Litigation