RADNOR, Pa., May 10, 2011 /PRNewswire/ -- The law firm known as Barroway Topaz Kessler Meltzer & Check, LLP today announced that, effective May 15, 2011, it will change its name to Kessler Topaz Meltzer & Check, LLP (the "Firm"). The Firm, with over 90 attorneys, represents numerous institutional and individual clients both domestic and international and has been at the forefront of class action litigation for over 20 years.
"I am honored to be the first name on the masthead of one of the undisputed leading law firms in the class action field," said partner David Kessler. "Our firm has never been stronger and is poised for continued success. We have an exceptional group of partners, attorneys and professional staff in place to meet our clients' evolving needs and to further establish our leadership position in all of our practice areas, as well as new practice areas we are currently developing." The change in name reflects that Andrew L. Barroway, who shall remain with the Firm as Senior Counsel, is not actively involved in the day-to-day operations or the management of the Firm. "I am proud of what we have accomplished over the past twenty years and am comforted by the fact that the Firm and its clients are in extremely capable hands and wish everyone the best of luck as I continue to transition to a less active role," said Barroway.
Having earned a reputation for providing the highest quality of service to its clients, the Firm remains focused and dedicated to advocating and protecting the rights of its clients, as evidenced by the following recent achievements and cases:
* After securing an historic $3.2 billion recovery for the class in In re Tyco International Ltd., Securities Litigation the Firm's Securities Litigation Department is prosecuting numerous high-profile class actions relating to the subprime mortgage scandals at Bank of America, Citigroup, Lehman Brothers, Morgan Stanley, UBS and Wachovia. The Firm is also litigating securities class actions brought against Johnson & Johnson, Pfizer, Transocean, and Wyeth. In addition, among other notable recoveries, the Firm recently announced settlements totaling $150.5 million in In re: Satyam Computer Services, Ltd. Securities Litigation, which are in the process of being presented to the Court for approval.
* The Derivative Litigation Department, having concluded dozens of successful prosecutions relating to the "backdating" of stock options, including actions brought on behalf of Comverse, Monster Worldwide, McAfee, and Affiliated Computer Services, has recently achieved several significant financial recoveries and corporate governance improvements in the areas of executive compensation, related-party transactions, regulatory compliance, and accounting transparency.
* The Takeover Litigation Department has recently achieved significant monetary recoveries on behalf of the shareholders of Genentech, Inc. ($3.9 billion increase in merger consideration) and Amicas, Inc. (preliminary injunction to stop a vote which ultimately led to a $26 million increase in merger consideration); and has also achieved important structural modifications to deal terms relating to "top-up" options and appraisal rights.
* The ERISA and Fiduciary Litigation Group has secured well over $300 million for the benefit of pension plan participants and is currently litigating several securities lending actions on behalf of institutional clients brought against JPMorgan Chase Bank, N.A., The Bank of New York Mellon Corporation, American International Group, Inc.; the Group is also prosecuting several fiduciary breach actions, including a direct action against Wells Fargo & Co. involving claims asserted against Wachovia and a former Wachovia subsidiary.
* The Antitrust Litigation Group has been appointed lead or co-lead counsel in a number of actions challenging unlawful monopolization by brand name pharmaceutical companies, including In re Flonase Antitrust Litigation; and the Firm's Predatory Lending Litigation Practice is at the forefront of challenging abusive or discriminatory mortgage lending practices, including serving as co-lead counsel in In re Countrywide Financial Corp Mortgage Marketing and Sales Practices Litigation.
Moreover, the Firm has recently added an Intellectual Property Litigation practice group whose goal is to assist companies and individuals in protecting intellectual property and achieving their business objectives while minimizing the financial impact of patent litigation, which has become increasingly expensive over the past decade. The Firm has experienced trial attorneys who have litigated patent infringement cases involving a wide variety of products and technologies.
The Firm maintains its offices in Radnor, Pennsylvania and San Francisco, California and can be found online, effective May 15, 2011, at www.ktmc.com.
Media Contact and Inquiries:
Darren J. Check, Esquire
Kessler Topaz Meltzer & Check, LLP
280 King of Prussia Road
Radnor, PA 19087
Telephone: (610) 822-2235
Mobile: (215) 779-1143
SOURCE Barroway Topaz Kessler Meltzer & Check, LLP