Noteworthy Cases

Our litigation efforts on behalf of shareholders, employees, and consumers have yielded remarkable results.  Here are some examples of monetary recoveries, corporate governance reforms, and other remedies that Robbins Arroyo LLP has achieved for our clients:

Unocal Corporation

Robbins Arroyo LLP served as co-lead counsel to the public shareholders of Unocal Corporation when the company became the subject of a bidding war between Chevron and the Chinese National Offshore Oil Corp (CNOOC).  The firm helped shareholders to realize $500 million in additional consideration and important proxy statement disclosures to better inform shareholders before their vote on whether to accept Chevron’s bid despite the nominally higher bid from CNOOC. >>READ MORE

Cardinal Health, Inc.

The Cardinal Health derivative litigation resulted in one of the largest monetary recoveries ever in a shareholder derivative action. After five years of hard fought litigation, Robbins Arroyo LLP attorneys obtained $70 million for the company and negotiated the implementation of significant corporate governance and internal accounting controls to improve the oversight and accountability of Cardinal’s senior management. >>READ MORE

Titan, Inc. (now L-3 Communications Titan Group)

In one of the largest securities fraud class action recoveries in San Diego history, Robbins Arroyo LLP, serving as co-lead counsel, helped recover $61.5 million for Titan’s shareholders following alleged misrepresentations by certain officers and directors of the company regarding the company’s financial condition and compliance with the Foreign Corrupt Practices Act. >>READ MORE

Tenet Healthcare Corporation

In this shareholder derivative action, Robbins Arroyo LLP challenged company leaders’ alleged failure to monitor, investigate, and oversee Tenet’s patient procedures, Medicare billing, and accounting practices.  As co-lead counsel for plaintiffs, Robbins Arroyo LLP helped secure a $51.5 million cash contribution to the company and sweeping corporate governance changes designed to ensure the independence and accountability of the company’s board of directors. >>READ MORE

Nicor Inc.

In the Nicor shareholder derivative action, Robbins Arroyo LLP attorneys filed suit alleging that officers and directors of one of the largest natural gas distributors in the United States breached their fiduciary duties by making material misrepresentations to the Illinois Commerce Commission, the company’s shareholders, and customers, and by unlawfully manipulating the company’s performance results.  Robbins Arroyo LLP led the negotiations with the defendants and secured personnel changes among Nicor’s executive officers and board members, as well as $33 million for the company. >>READ MORE

OM Group, Inc.

As sole lead counsel, Robbins Arroyo LLP represented clients in shareholder derivative litigation calling insiders to account for alleged accounting fraud and malfeasance at OM Group, Inc.  The firm secured a $29 million payment to the company, the termination of the company’s CEO, the addition of two shareholder-nominated directors to the board, and other important corporate governance reforms. >>READ MORE

Hanover Compressor Company (now Exterran Holdings, Inc.)

Robbins Arroyo LLP negotiated a groundbreaking and unprecedented settlement for the company and shareholders in the Hanover shareholder derivative litigation.  The case brought claims of breach of fiduciary duty, abuse of control, and other illegal behavior in connection with an off-balance-sheet joint venture to build and operate a natural gas processing plant off the coast of Nigeria. >>READ MORE

PETCO Animal Supplies, Inc.

In this securities class action, Robbins Arroyo LLP represented the public shareholders of the second-largest retailer of specialty pet supplies in the U.S. when PETCO insiders and directors allegedly tried to sell the company at an unfairly low price to its own affiliates in a going private transaction.  Shortly before the case went to trial, Robbins Arroyo LLP helped to secure a settlement payment of $16 million for the class of shareholders. >>READ MORE

Brocade Communications Systems, Inc.

Robbins Arroyo LLP served as co-lead counsel in the state shareholder derivative action involving one of the most prominent stock option backdating scandals in the nation.  Following years of hard fought litigation, Brocade’s Special Litigation Committee hired Robbins Arroyo LLP to help prosecute its claims against corporate insiders responsible for orchestrating the backdating scheme. >>READ MORE

Venoco, Inc.

Robbins Arroyo LLP served as co-lead counsel to the public shareholders of Venoco, Inc. in this class action arising out of a scheme by the energy company’s Chief Executive Officer to buy out Venoco’s minority shareholders at an inadequate share price. Robbins Arroyo LLP conducted extensive fact and expert discovery for two years after the closing of the acquisition. >>READ MORE

Fifth Street Finance Corp.

Robbins Arroyo LLP served as lead counsel in shareholder derivative litigation brought on behalf of Fifth Street Finance Corp., to challenge alleged conflicts of interest in Fifth Street’s relationship with its investment advisor, FSAM. >>READ MORE

Community Health Systems, Inc.

Serving as co-lead counsel against the officers and directors of Community Health, Inc. alleging that the fiduciaries systematically steered patients into medically unnecessary inpatient admissions when they should have been treated as outpatient, Robbins Arroyo LLP was instrumental in obtaining what is believed to be the largest shareholder derivative recovery in the Sixth Circuit to date. >>READ MORE