KB Home Derivative Litigation

KB Home Derivative Litig., Master File No. BC355179 (Cal. Super. Ct., Los Angeles Cnty.)

Mr. Weiser was co-lead counsel in this action. In this option backdating action, plaintiffs challenged the stock option grants received by KB Home’s officers & directors over a multi-year period. In addition to obtaining valuable corporate governance enhancements for KB, Mr. Weiser and his co-lead counsel settled this action for benefits worth at least $30 million to KB, making it one of the largest settlements in the history of California corporate litigation.