Sarraf Gentile LLP

Shareholder Derivitive Litigation

The firm files actions on behalf of a company to recover for losses sustained by the company as a result of the misconduct of its officers and directors. These actions are brought under the laws of the company's state of incorporation which protect companies against mismanagement and self-dealing by those entrusted to run them. Some of the cases in which the firm has obtained benefits on behalf of an injured company include:

In re Host America Corp. Derivative Litigation, .where the firm served as Co-Lead Counsel in a shareholder derivative action and obtained numerous corporate governance changes on behalf of the company.

Sidore v. Bradley, et al., where the firm prosecuted a shareholder derivative action on behalf of NIC, Inc., and obtained numerous corporate governance changes on behalf of the company in addition to a payment to the company of $225,000 from the company's former CEO and Chairman.

 

Sarraf Gentile LLP
450 Seventh Avenue, Suite 1900
New York, New York 10123
Tel: 212-868-3610 Fax: 212-918-7967