For more than 2 years, Mr. Kittelson devoted most of his practice to a single shareholder derivative action. The case involved a publicly traded corporation in the insurance industry. The dispute involved the review of more than $1.5 billion in related party transactions with more than 80 attorneys and accountants in opposition. The shareholder derivative action produced a new board, new general counsel, new related party procedures, a claw back of certain abusive related party transactions, and millions of dollars saved for the benefit of the corporation. As a result, Mr. Kittelson and co-counsel were awarded attorneys’ fees for conferring substantial benefits to the corporation.
Because of this unique experience, Mr. Kittelson has valuable insight on how to successfully prosecute and defend shareholder derivative actions.
Call 214-739-2700 to arrange for an initial free legal consultation.