Stephen J. Oddo
Stephen J. Oddo has devoted his practice to representing individual and institutional shareholders in corporate merger and acquisition class actions for more than a decade. He has secured tens of millions of dollars of additional consideration for shareholders whose investments have been adversely impacted by corporate transactions. Mr. Oddo has also obtained disclosure of material information to shareholders so they are informed about the transaction at the time of the vote. His litigation efforts have helped preserve the integrity of the merger process in companies across the country and maximized the value to shareholders.
Prior to joining Robbins Arroyo LLP, Mr. Oddo was a partner at the firm now known as Robbins Geller Rudman & Dowd LLP, where he was part of a team at the forefront of litigating shareholder claims challenging unfair business combinations. Before entering the legal profession, Mr. Oddo served as Press Secretary to U.S. Representative Robert T. Matsui (D-Cal).
Mr. Oddo earned his Juris Doctor from University of San Diego School of Law. During law school, he interned for the Honorable Eugene Lynch, U.S. District Judge in the Northern District of California. Mr. Oddo earned his Masters of Science in Journalism from Northwestern University, Medill School of Journalism, and his Bachelor of Arts at Santa Clara University.
Selected Noteworthy Cases
- PETCO Animal Supplies, Inc., In re PETCO Animal Supplies, Inc. S’holder Litig., Lead Case No. GIC 869399 (Cal. Super. Ct.-San Diego Cnty. Mar. 26, 2010): Mr. Oddo, serving as co-lead counsel, represented the plaintiff and public shareholders in a securities class action alleging that the going-private acquisition of PETCO by a private equity group was consummated at an unfair price. Shareholders further alleged that an alternate bidder had offered to buy PETCO at a significantly higher price per share. After more than three years of contentious litigation, Mr. Oddo helped secure a $16 million settlement fund to be distributed to the class of shareholders.
- Electronic Data Systems Corporation, In re Electronic Data Systems Class Action Litig., Master File No. 366-01078-2008 (Tex. Dist. Ct.-Collin Cnty. Dec. 23, 2008): Mr. Oddo served as lead counsel in this securities class action that challenged the acquisition of Electronic Data Systems Corporation by Hewlett-Packard Company. Mr. Oddo negotiated a pre-closing settlement that secured for Electronic Data Systems shareholders a $25 million dividend and the disclosure of previously omitted material information concerning the transaction that allowed for an informed shareholder vote.
- eMachines, Inc., In re eMachines, Inc. Merger Litig., No. 01-CC-00156 (Cal. Super. Ct.-Orange Cnty. July 25, 2007): Mr. Oddo represented the shareholders of eMachines, Inc. in a challenge to the efforts of the company’s founder to take the company private, and helped secure a $24 million common fund for shareholders.