Siskinds' litigators pursue a broad array of cases on behalf of individual and institutional shareholders of public companies. Over the last three years, Siskinds' shareholder litigation team has succeeded in recovering approximately $50 million for its shareholder clients, and have achieved significant corporate governance reforms by public companies.

Generally, our shareholder litigation falls into one of two categories: securities class actions and derivative actions.

In a securities class action, a shareholder acts as a representative of a class of persons who purchased shares in a company during a period when the company was issuing misrepresentations to investors. The primary objective of a securities class action is to obtain direct compensation for shareholders who have lost money as a result of the misrepresenatations.

In a derivative action, one or more shareholders seek to act as a respresentative of the company itself. The primary objective of a derivative action is to obtain compensation for the company after the company has sustained damages as a result of actions and omissions of its Board members or senior officers. Shareholders therefore benefit indirectly from derivative actions.

Where appropriate, Siskinds litigators will seek to compel reforms in the company's corporate governance policies and practices to protect both the company and shareholders from further harm in the future.