Grant & Eisenhofer takes on all kinds of fights for plaintiffs against corporate defendants, and its major wins this past year helped shareholders get their fair share.
The Wilmington, Del.-based firm drew from a deep well of shareholder case experience to prevail with a Delaware Court of Chancery claim that News Corp.’s board had been asleep at the switch. Grant & Eisenhofer was co-lead counsel securing a $139 million settlement of a shareholders’ derivative suit in April. The suit followed a steep stock price drop after revelations of phone hacking by the company’s British reporters. The suit also challenged a $615 million payment for a company owned by Rupert Murdoch’s daughter. Absent evidence of outright fraud, “most [of these cases] don’t get the corporate-governance [changes] or the money, let alone both,” said co-founder and managing partner Jay Eisenhofer.
