Biotechnology Shareholder Breach of Fiduciary Duty
Minority shareholders in a financially troubled biotechnology company alleged that the majority shareholder drove the company’s choices of funding sources and that the interests of minority shareholders were not properly…
Failure to Disclose Clinical Trial Results
Counsel for a pharmaceutical company retained Cornerstone Research to assess damages in a securities class action alleging the company misled investors about a drug’s approval probability.
Misleading Disclosure of Clinical Trial Results
Plaintiffs filed a securities class action against a major pharmaceutical company alleging that the company made false and misleading statements regarding the results of a drug’s safety study.
SEC v. Biopure Corporation
In litigation brought by the Securities and Exchange Commission (SEC) against Biopure Corporation (Biopure) and several current and former officers of the company involving its drug Hemopure, counsel for Biopure…
Anglo American Security Fund v. S.R. Global International Fund
Counsel for Ernst & Young retained Cornerstone Research in a case arising from losses incurred by hedge fund investors.
Baker v. American Century Investment Management, Inc.
Counsel for American Century retained Cornerstone Research in an action alleging that the investment management company had charged excessive fees to its mutual fund customers.
Reliance on Audited Financial Statements
Cornerstone Research and Professor Christopher James of the University of Florida were retained to assist KPMG in a dispute with a syndicate of banks over a secured line of credit…
Bennett Funding Group Bankruptcy Cases
Cornerstone Research worked with William Silber of New York University on behalf of the Bennett bankruptcy estate to assess the value of a warrant of a small publicly traded company.
Bullmore v. Ernst & Young
Counsel for Ernst & Young Cayman Islands retained Cornerstone Research and Professor Steven Grenadier of Stanford University in a New York Supreme Court case related to the failure of Beacon…
Doft & Co. v. Travelocity.com Inc.
This appraisal case was brought after the merger of Travelocity.com and Sabre, which made Travelocity a wholly owned subsidiary of Sabre.
Franchise Valuation
In a breach of contract case involving a national restaurant chain, Cornerstone Research assisted counsel for the plaintiffs, two potential franchisees, in valuing damages based on their claimed contractual share…
Hedge Fund Management Firm Valuation
In a dispute arising over a hedge fund failure, Cornerstone Research was asked to value the firm that managed the fund and to assess how the firm’s value was affected…
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