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Class Actions
The Vrdolyak Law Group has a sophisticated practice which includes class action and multi-party litigation. In this area, we concentrate on representing consumers, investors, shareholders or employees who have suffered significant injury or damage at the hands of corporations, municipalities or their employers. Our focus in this area is not only on the short-term benefit sought for our clients but on the overall residual benefit to society that our litigation can accomplish.
In the area of securities violations cases, claims are typically filed against not only the officers and directors of the corporate defendant, but sometimes also its outside auditors and underwriters. Such cases consist often of complex accounting and financial issues and thus require significant resources and the employment of experienced experts.
We not only recognize the sensitive nature of pension fund assets and investments, but also the importance of providing quality recovery services. Accordingly, we have and continue to join forces with some of the most prestigious national law firms in this arena, as such complex securities litigation may be filed (or consolidated) in other states' jurisdictions. We are committed to protecting the shareholders' rights of our institutional and pension fund clients. Depending on various factors, we can pursue either an individual or class action to obtain the best results for our clients.
Some of our more recent class action matters include litigation where we have successfully represented a class of women employees in a multimillion dollar settlement against Ford Motor Company; a class of consumers (cellular phone users) in a multimillion dollar settlement against the City of Chicago; as well as ongoing representation of pension fund investors against WorldCom, Inc. and other publicly traded corporations. Should the venue, scope or complexity of such class or multi-party litigation require, we often join forces with premier national class action firms. Whether it is in the field of labor or employment rights, consumer litigation or securities actions, we believe we can provide competent, aggressive representation for plaintiffs who have been harmed by the actions of municipal or large publicly traded corporations.
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