Firm Profile > Kessler Topaz Meltzer & Check, LLP > Radnor, United States

Kessler Topaz Meltzer & Check, LLP
280 KING OF PRUSSIA ROAD
RADNOR, PA 19087
United States

Dispute resolution > M&A litigation: plaintiff Tier 1

With a presence in Radnor, Pennsylvania, and in San Francisco, California, Kessler Topaz Meltzer & Check, LLP is one of the largest and most successful shareholder litigation firms in the market, and climbs to the top tier in this year's the rankings. Lee Rudy, Eric Zagar, Daniel Albert and Justin Reliford lead the practice, which handles shareholder actions in state and federal courts across the country, including in Delaware. The firm has been involved in some of the most high-profile cases in recent years, a prime example being its role as co-lead counsel in a derivative and class action challenging Tesla’s 2016 acquisition of SolarCity Corporation. Rudy, Reliford and Darren Check were the lead partners in that matter. Also recommended is associate Stacey Greenspan who worked with Zagar and Albert on the represention of Chester County Employees’ Retirement Fund in a challenge to the merger between KCG Holdings and Virtu Financial, alleging that KCG directors breached their fiduciary duties by approving the merger price.

Practice head(s):

Lee Rudy; Eric Zagar; Daniel Albert; Justin Reliford

Other key lawyers:

Darren Check; Stacey Greenspan

Key clients

AP7 – Seventh Swedish National Pension Fund

SEB Investment Management AB

Industriens Pensionsforsikring A/S

Principal Global Financial Group

Franklin Templeton Investments

Nationwide Investment Funds

Nordea Investment Funds (Luxembourg)

Arkansas Teacher Retirement System

Equity-League Pension & Health Trust Funds

United Food & Commercial Workers 464(a) Benefit Funds

Lebanon County Employees’ Retirement Fund

Teamsters Local Union No. 142 Pension Fund

Laborers Joint Pension Trust for Southern Nevada

Dispute resolution > Securities litigation: plaintiff Tier 2

Based in Radnor, Pennsylvania, Kessler Topaz Meltzer & Check, LLP has a deep bench of litigators handling securities class actions and has a track record of large recoveries for institutional investors. The firm continues to feature in high-profile cases, having recently secured a $55m settlement from Seaworld Entertainment Group and Blackstone in a purported class that alleged Seaworld failed to disclose in its IPO documents that it had improperly cared for and mistreated its Orca population which adversely impacted trainer and audience safety. Partners Darren Check, David Kessler and Andrew Zivitz are among the key partners involved in that matter. Gregory Castaldo and Sharan Nirmul are on a team appointed as lead counsel in a case alleging that General Electric and numerous former officers propped up the company's financial performance by misleading investors concerning the financial performance of GE Capital and GE Power. Naumon Amjed focuses on new matter development and the analysis of securities class action, opt-out and non-US securities and shareholder litigation.

Practice head(s):

David Kessler; Gregory Castaldo; Andrew Zivitz; Sharan Nirmul

Other key lawyers:

Darren Check; Joshua Materese; Emily Christiansen

Testimonials

‘KTMC has a very strong team that manages to keep strong client relationships. They do this by frequent updates and, in normal years, travel to meet with clients. Their litigation efforts are impressive and as a client you always feel that your interests are being looked after.’

‘KTMC has a diverse and strong team and they are also using the right kind of technology to keep clients updated.’

‘Darren Check is an amazing partner to work with – he is on top of any matters that may require attention and his efforts for building a strong European client list really cannot be overestimated. Josh Materese also stands out as a strong litigator.’

‘The firm is highly competent, very experienced and has broad knowledge. All personnel are very dedicated to their clients.’

‘KTMC has its Securities Tracker, a very useful tool for us, where we can extract memos describing relevant information of each class action case. We can see the loss suffered for each fund. Also “foreign” class actions are well-described in memos.’

‘Darren Check stands out specifically since he is very dedicated and engaged in his clients. He is always available and we feel we can contact him for all sorts of questions (both high and low). Not only is he very knowledgeable but he is very pedagogic and can describe and explain for us complex issues so it becomes clear and understandable. He is passionate about his work which is very inspirational.’

‘Emily Christiansen stands out with her high competence and engagement to her clients.’

Key clients

AP7 – Seventh Swedish National Pension Fund

SEB Investment Management AB

Industriens Pensionsforsikring A/S

Principal Global Financial Group

Franklin Templeton Investments

Nationwide Investment Funds

Nordea Investment Funds (Luxembourg)

Arkansas Teacher Retirement System

Equity-League Pension & Health Trust Funds

United Food & Commercial Workers 464(a) Benefit Funds

Lebanon County Employees’ Retirement Fund

Teamsters Local Union No. 142 Pension Fund

Laborers Joint Pension Trust for Southern Nevada

Kessler Topaz Meltzer & Check, LLP is one of the largest firms in the world specializing in the prosecution of complex litigation on a contingent basis.  Kessler Topaz has developed a worldwide reputation for excellence in the areas of shareholder, consumer protection and antitrust, and fiduciary litigation.  Headquartered in Radnor, Pennsylvania, just outside Philadelphia, and with an office in San Francisco, California, Kessler Topaz is comprised of a highly skilled team of attorneys, paralegals, in-house investigators, legal clerks and other personnel.  The firm proudly notes that it has recovered billions of dollars on behalf of its clients.

Kessler Topaz’s shareholder litigation practice focuses on the prosecution of securities fraud claims brought against public companies as well as their officers, directors, and advisors.  With a large and sophisticated client base — comprised of over 350 institutional investors of all types from around the world — Kessler Topaz has been entrusted to lead some of the most important actions being litigated in our field today.

In addition, Kessler Topaz has been a leader in implementing important corporate governance reforms designed to protect shareholder rights, improve shareholder value and prevent corporate mismanagement.  The firm has a robust shareholder derivative and mergers and acquisition litigation department which represents institutional investors in many important shareholder derivative actions.  This department also specializes in takeover litigation, actively representing institutional investors in actions where shareholders are not receiving fair value for their investments.

Notably, the firm has also been at the forefront of representing institutional investors in non-US jurisdictions in light of the Supreme Court’s 2010 decision in Morrison v. National Australia Bank.  The firm has previously, or is currently representing institutional investors in actions in Canada, Brazil, Australia, the Netherlands, the United Kingdom, France, Germany, Portugal, and Japan.

Indeed, Kessler Topaz has secured many of the largest global shareholder recoveries in history, including:

  • $3.2 bn settlement in In re Tyco International, Ltd. Securities Litigation;
  • $2.425bn settlement in In re Bank of America Corp. Securities Litigation;
  • $2bn trial judgment in In re Southern Peru Copper Corp. Derivative Litigation (largest damage award in Delaware Court of Chancery history);
  • $3.9bn increase in value in In re Genentech, Inc. Shareholder Litigation;
  • €1.3bn recovery in settlement with Ageas, N.V.(the Netherlands; successor entity to Fortis Bank, N.V.; largest shareholder recovery in Europe to date)
  • £900m settlement in a group action against Royal Bank of Scotland (U.K.);
  • €323.8m recovery in the groundbreaking Royal Dutch Shell European Litigation (the Netherlands)

Finally, Kessler Topaz also dedicates a large portion of its practice to complex litigation on behalf of consumers as well as public and private entities, including municipalities, state agencies, and multi-employer welfare funds. Kessler Topaz’s consumer protection efforts are global in scope and include consumer fraud and antitrust practice groups.

Department Name Email Telephone
Partner Darren J. Check dcheck@ktmc.com 610-822-2235
Photo Name Position Profile
Mr J. Daniel Albert  photo Mr J. Daniel Albert Partner
Mr Naumon Amjed  photo Mr Naumon Amjed Partner
Mr Ethan Barlieb  photo Mr Ethan Barlieb Partner
Mr Stuart Berman  photo Mr Stuart Berman Partner
Mr David Bocian  photo Mr David Bocian Partner
Mr Gregory Castaldo  photo Mr Gregory Castaldo Partner
Mr Darren Check  photo Mr Darren Check Partner
Ms Emily Christiansen  photo Ms Emily Christiansen Partner
Mr Joshua D'Ancona photo Mr Joshua D'Ancona Partner
Mr Ryan Degnan  photo Mr Ryan Degnan Partner
Mr Sean Handler  photo Mr Sean Handler Partner
Mr Geoffrey Jarvis  photo Mr Geoffrey Jarvis Partner
Mr David Kessler  photo Mr David Kessler Partner
Mr James Maro, Jr.  photo Mr James Maro, Jr. Partner
Mr Joshua Materese  photo Mr Joshua Materese Partner
Ms Margaret Mazzeo  photo Ms Margaret Mazzeo Partner
Mr Jamie McCall photo Mr Jamie McCall Partner
Mr Joseph Meltzer  photo Mr Joseph Meltzer Partner
Mr Matthew Mustokoff  photo Mr Matthew Mustokoff Partner
Mr Sharan Nirmul  photo Mr Sharan Nirmul Partner
Mr Justin Reliford  photo Mr Justin Reliford Partner
Mr Lee Rudy  photo Mr Lee Rudy Partner
Mr Richard Russo, Jr.  photo Mr Richard Russo, Jr. Partner
Mr Marc Topaz  photo Mr Marc Topaz Partner
Ms Melissa Troutner  photo Ms Melissa Troutner Partner
Mr Johnston de F. Whitman, Jr.  photo Mr Johnston de F. Whitman, Jr. Partner
Ms Robin Winchester  photo Ms Robin Winchester Partner
Mr Eric Zagar  photo Mr Eric Zagar Partner
Mr Terence Ziegler  photo Mr Terence Ziegler Partner
Mr Andrew Zivitz  photo Mr Andrew Zivitz Partner
American Bar Association (ABA)
International Law Section of the American Bar Association