Bumble and bumble CEO — Executive Compensation

The Challenge

Ensuring the chief executive officer of a successful startup received the equity compensation he was promised.

The Engagement

A successful startup was sold for nine figures to a Fortune 500 company. The former CEO of the company, a graduate of the the Stanford Business School, retained us to secure the equity compensation he had been promised by the founder. When the trial court wrongfully dismissed the suit, Brendan Maher successfully obtained reversal in the New York appellate courts. After discovery commenced, the case settled shortly after Peter Stris deposed the founder.

The Result

Confidential settlement in favor of our client.

Xerox — $22+ Million Recovered

The Challenge

Representing a group of accomplished Xerox corporate employees in a complex, landmark pension case.

The Engagement

In the late 1990s, Xerox attempted to rehire veteran employees who had earlier worked at Xerox and left by choice. The returning employees were led to believe that their pensions would be straightforwardly calculated, with no hidden reductions for past service. As the employees approached retirement, they learned that Xerox intended to calculate their pension using an improper and undisclosed accounting method that collectively robbed the group of many millions of dollars. For roughly a decade, our firm represented the plaintiffs in this complex, landmark pension case at every level: the district court; the Second Circuit (three times); and the Supreme Court. Although the Supreme Court narrowly ruled against us in one facet of the case, we persuaded the Justices to preserve an argument (regarding improper notice) that we used to persuade the lower courts to award millions to misled employees.

The Result

We recovered over $17 million in benefits, plus $4.9 million in attorney’s fees.

Honeywell — $23.8 Million Settlement

The Challenge

Working with lead trial counsel to successfully conclude a pension class action involving complex ERISA questions.

The Engagement

In a long-running ERISA class action against Honeywell, plaintiffs’ trial counsel Susan Martin had been able to successfully resolve portions of the suit. To build on that success, she engaged our firm to collaborate in developing summary judgment, mediation, and appeal strategies for the remaining parts of the case. Working together, we were able to settle the remaining claims for $23.8 million.

Result

A $23.8 million class settlement.