Complex Litigation

Taylor & McNew has been lead counsel on numerous class action suits nationwide, involving everything from consumer products to environmental concerns. In fact, our firm has extensive experience with cases that involve minority shareholder freeze outs and small cap or “pink sheet” stocks.

Lead Counsel
Nationwide, Taylor & McNew has played a leadership role in numerous cases including:

• Co-lead counsel in “In re Best Lock Shareholder Litigation; Consolidated C.A. No. 16281
    
• Co-lead counsel in: “In re Pure Resources, Inc. Shareholder Litigation; Consolidated C.A. No. 19876
    
• Lead counsel in Casey v. Brennan, et al. (Amboy Bancorporation Shareholder Litigation), Docket No. UNN-C-180-97 (Superior Court of New Jersey, Chancery Division)
    
• Acting as a Member of the Executive Committee
  In re: American Continental Corporation/Lincoln Savings & Loan Securities Litigation, M.D.L. 834
    
• Lead Counsel in re: American Medical International Shareholder Litigation,
  Consol. Action No. C718957 (Los Angeles County Superior Court)
   
• Lead Counsel in re: Cineplex Shareholders Litigation Civil Action No. CV 89-2461
   
• Co-lead Counsel in Ackerman, et. al. v. Kassar, et. al., Master File No. BC015018 (Los Angeles County Superior Court), a case that involved Carolco Pictures
   
• Co-lead Counsel in Vogel, et. al. v. First Interstate Bancorp, et. al., Civil Action No. 91-3643 JGD (Tx) (C.D. Cal.).

Freeze Out Mergers
We have tried class action suits in both the Delaware Court of Chancery and the New Jersey Superior Court. In the case of Kathryn Casey et al v. George G. Brennan, et al., the court awarded a judgment of approximately $12.5 million on behalf of minority stockholders who were subjected to a freeze out merger. (Consol. Docket No. UNN-C-180-97; New Jersey Superior Court)

Pink Sheets
Our work in class action suits further includes actions challenging the squeeze out of minority shareholders in companies whose stocks are traded on pink sheets. We have been sole or lead counsel in many of those cases including those involving Crowley Maritime Corporation, Amboy Corporation, Southern Jersey Bancorp (here the squeeze out merger was abandoned after the start of litigation), Security Storage Company of Washington, D.C., and Young’s Market Company.