Derivative


Dunnam & Dunnam is capable of high-stakes derivative litigation involving breach of fiduciary duty claims. The firm works on both sides of the docket and provide clients with unique advice and strategy to be positioned for successful outcomes.Litigation arises from complaints about related-party transactions, corporate waste, unfair mergers, executive compensation, corporate governance, insider trading, accounting fraud, securities law violations, minority shareholder oppression and the Foreign Corrupt Practices Act. Derivative lawsuits force company executives to maximize shareholder value and serve a critical role in preventing damaging acts of fiduciary wrongdoing from occurring at the company in the future. It is often necessary for shareholders to bring a derivative action against officers and directors when the company does not take proper action against them for their wrongdoing. We monitor the market news, trends, strategies and movements while preparing and trying cases. Our breach of fiduciary duty attorneys are not caught off-guard by recent developments that might impact our cases.

Examples of the cases where Dunnam & Dunnam lawyers have been involved in derivative actions include:

In re Affiliated Computer Services Derivative Litigation, Master File No. 3:06-cv-1110-M (N.D. Tex.) ($30 million recovery for company from officers and directors engaged in stock option backdating)

Alaska Electrical Pension Fund v. Brown, et al., Cause No. 6:04-CV-464 (E.D. Tex.) (shareholder derivative action on behalf of EDS. Board agreed to limits on the number of EDS employees serving on the board, termination of a rights plan, require board committees be composed of independent directors, change from classified board to annual election of directors)

In re Cablevision Systems Corp. Shareholder Derivative Litigation, Master File No. CV-06-4130 (E.D.N.Y.) ($34 million recovery for company from officers and directors engaged in stock options backdating)