Kessler Topaz Meltzer & Check, LLP > Radnor, United States > Firm Profile
Kessler Topaz Meltzer & Check, LLP Offices
280 KING OF PRUSSIA ROAD
RADNOR, PA 19087
PENNSYLVANIA
United States
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Kessler Topaz Meltzer & Check, LLP > The Legal 500 Rankings
Dispute resolution > M&A litigation: plaintiff Tier 1
Based in Radnor and San Francisco, Kessler Topaz Meltzer & Check, LLP has a deep bench of litigators with in-depth experience in prosecuting complex cases. Its corporate governance and M&A litigation department has a prominent role in major cases in both state and federal courts across the country, acting for institutional investors shareholder derivative and class actions, and representing large companies such as Tesla in contested deal litigation. Darren Check, Daniel Albert and Lee Rudy recently represented the plaintiff and secured a $44.75m settlement in In re Arkansas Teacher Retirement System v. Alon USA Energy, Inc. et al., concerning the 2017 acquisition of Alon by Derek US Holdings. Rudy and Albert lead the practice along with Eric Zagar and Justin Reliford , who are both representing the co-counsel in a derivative action for Tesla, Inc., which is facing a challenge over its 2016 acquisition of Solar City. All named partners are based in Radnor.Practice head(s):
Lee Rudy; Eric Zagar; Daniel Albert; Justin Reliford
Other key lawyers:
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
Work highlights
- Representing the co-counsel in a derivative action brought on behalf of Tesla, Inc. and its minority stockholders challenging Tesla’s 2016 $2 billion acquisition of SolarCity Corporation.
- Representing Arkansas Teacher Retirement System in proceedings before the Delaware Court of Chancery against Alon, in which the court approved a $44.75m settlement to resolve class action litigation concerning the July 1, 2017 acquisition of Alon USA Energy by its controlling stockholder, Delek US Holdings.
Dispute resolution > Securities litigation: plaintiff Tier 2
Kessler Topaz Meltzer & Check, LLP in Radnor has ‘a brilliant team, very proactive and capable‘. The firm has built up a strong record in high-stakes and complex litigation, with securities cases a key pillar of its work, and has recovered billions of dollars for its clients. It frequently acts for municipalities, state agencies, mutual fund managers, sovereign wealth funds, and multi-employer welfare funds. The firm is currently acting for Sjunde AP-Fonden and Louisiana Sheriffs’ Pension & Relief Fund in a securities class action alleging misrepresentations and omissions concerning the financial status of the Chinese coffee company Luckin Coffee, Inc. leading up to its IPO in 2019, with Sharan Nirmul and Richard Russo, Jr. leading that matter. Practice head David Kessler leads a large team of securities litigators in which ‘excellent counsel‘ Darren Check and new matter development specialist Naumon Amjed play central roles. Kessler and Check, along with Matthew Mustokoff in San Francisco, are leading a case against Allergan alleging participation in an industry-wide conspiracy to fix the prices of generic drugs.Practice head(s):
David Kessler
Other key lawyers:
Darren Check; Naumon A. Amjed; Sharan Nirmul; Richard Russo, Jr.; Matthew Mustokoff
Testimonials
‘Brilliant team, very proactive and capable.’
‘Darren Check is an excellent counsel.’
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
Work highlights
- Representing Sjunde AP-Fonden and Louisiana Sheriffs’ Pension & Relief Fund in a securities fraud class action lawsuit against Luckin Coffe Inc.
- Representing a putative class of investors in consolidated actions in the United States District Court for the District of New Jersey against pharmaceutical giant Celgene and several of its executive officers.
- Representing in a class action in the United States District Court for the Northern District of Illinois on behalf of persons or entities who purchased or otherwise acquired securities of The Kraft Heinz Company.
Kessler Topaz Meltzer & Check, LLP > Firm Profile
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:
- $3.2bn 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.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Partner | Darren J. Check | dcheck@ktmc.com | 610-822-2235 |
Lawyer Profiles
Memberships
American Bar Association (ABA) International Law Section of the American Bar Association- Dispute resolution > M&A litigation: plaintiff
Top Tier Firm Rankings
- Dispute resolution > Securities litigation: plaintiff