Improving Corporate Governance and Ending Corporate Waste
Corporate malfeasance can quickly run unchecked in corporate board rooms and executive suites, harming the corporation and shareholders’ interests in the company. The experienced attorneys at Emerson Scott, LLP work with stockholders to hold accountable individuals who have been entrusted with efficiently and effectively running a company and failed to do so. Shareholder derivative actions can restore corporate governance and even return lost income to corporations.
Experienced in Restoring Corporate Governance
Our attorneys have successfully used shareholder derivative actions to stop corporate board malfeasance and bring improvements to corporate governance. John Emerson served as lead counsel in the Computer Associates derivative action in the Federal District Court for the Eastern District of New York. Today, that case is used as the gold standard for shareholder derivative actions to create change in corporate board rooms. In the Nicor Shareholder Derivation Litigation, John Emerson prosecuted a derivation action against Nicor’s board that resulted in positive changes to the board and the company through improved corporate governance and compliance. John Emerson’s efforts were a significant factor in AOL Time Warner obtaining $200 million for the Company from its Directors’ and Officers’ insurance coverage, in addition to major corporate governance and compliance improvements at the Company.
Representing Stockholders in Shareholder Derivative Actions
Emerson Scott, LLP represents shareholders who act on behalf of the corporation in shareholder derivative actions. If you are a stockholder in a corporation that may be suffering from corporate waste or mismanagement, a derivative action may be what is needed to restore the corporation’s operations and protect your investment.
Instances when a shareholder derivative action may be needed include:
- Corporate mismanagement
- Self-dealing or insider-dealing
- Unlawful or illegal activity
- Breach of fiduciary duty
- Corporate waste
- Conflicts of interest
- False, misleading or missing income statements
- Executive compensation
- Investigations by the Department of Justice or Securities and Exchange Commission
- Actions that unduly increase corporate risk
- Options backdating or other insider trading
Contact us for help with your shareholder derivative action today.