Representative Cases

Filed March 24, 2008, DE Court of Chancery.  On March 24, 2008 C&T filed the first shareholder class action lawsuit (“Lawsuit”) in the Court of Chancery of the State of Delaware against The Bear Stearns Companies, Inc. (“Bear Stearns” or the “Company”), JPMorgan Chase & Co. (“JPMorgan”), and certain of Bear Stearns’ officers and directors, challenging the recently amended terms of JPMorgan’s previously announced acquisition of Bear Stearns.

The Firm was lead trial counsel in this settled action filed in 2004 asserting federal securities law claims under the 1933 Securities Act involving a $3.0 Billion real estate investment trust.  The Litigation was settled in 2006 by: (1) the establishment of a $35,000,000 Cash Settlement Fund; and, (2) by CNL entering into revised agreements in connection with a proposed Merger between CNL and its affiliate which Plaintiffs estimate red

Chimicles & Tikellis LLP served as lead counsel for the shareholder class in this action alleging federal securities fraud. The case was filed in the federal district court in Chicago and arose from the 1982 oil and gas loan debacle that ultimately resulted in the Bank being taken over by the FDIC. One aspect of this case involved a twenty-week jury trial conducted by Mr. Chimicles on behalf of the class in 1987. Ultimately, the class recovered nearly $40 million.

Chimicles & Tikellis LLP represented stockholders of Harrah’s Entertainment, Inc. (HET) in an action that challenging the proposed acquisition of Harrah’s by a buyout group lead by its chairman and CEO, Gary Loveman. Gary Loveman's group announced a $81 per share merger proposal on October 2, 2006.

C&T was Co-lead counsel in these actions brought on behalf of the public stockholders of Chiron Corporation challenging the buyout of Chiron by its 42% parent, Novartis AG. Novartis initially proposed a buyout at $40 per share and thereafter entered into a merger agreement to acquire Chiron for $45 per share. C&T and its co-counsel moved preliminarily to enjoin the merger pending a proper process to maximize value and full disclosure to the stockholders.

C&T serves as liaison counsel for this securities action brought in 2003 in the United States District Court for the Eastern District of Pennsylvania on behalf of a now certified class of purchasers of DVI Securities (who purchased between August 10, 1999 and August 13, 2003) for violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.  In November, 2006, the Court approved a settlement as to certain entity defendants for a total Partial Settlement of $2,885,000.  In August, 2007, the Lead Plaintiffs entered i

On behalf of City of St Clair Shores General ERS and a proposed class of Inland Western shareholders, on November 1, 2007, C&T filed a federal securities class action complaint alleging violations of the federal securities laws and breaches of fiduciary duty by defendant Inland Western and certain of its current and former directors, officers and affiliates, and its financial advisor, by virtue of their devising and soliciting the shareholders’ approval of a merger of defendants’ affiliate with Inland Western for $375 million worth of the Company's stock.&nbs

As Lead Counsel in this stockholder derivative action, C&T challenged the actions of the officers, directors and advisors of McKesson and HBOC in proceeding with the merger of the two companies when their managements were allegedly aware of material accounting improprieties at HBOC.  In addition, C&T also brought (under Section 220 of the Delaware Code) a books and records case to discover information about the underlying events.

Chimicles & Tikellis LLP served as co-liaison counsel and participated extensively in the representation of the public shareholders of Paramount Communications Inc. in the hostile battle between Viacom Inc. and QVC Network for control of Paramount. The shareholder plaintiffs and QVC were successful in persuading the Delaware Court of Chancery to enjoin the merger agreement between Paramount and Viacom on grounds that the agreement, including the lockup provision, unfairly impeded a proper process to maximize shareholder value in the sale and control of Paramount.

100% Recovery for Investors and the First Plaintiffs’ Jury Verdict Awarding Damages After the Passage of the PSLRA.

C&T achieved national recognition for obtaining, in a federal securities litigation, the first successful plaintiffs’ verdict under the PSLRA

Representing the Montgomery County Employees’ Retirement System, C&T filed on December 28, 2007 a shareholder derivative action alleging breaches of fiduciary duties, waste of corporate assets, gross mismanagement, insider trading and unjust enrichment by current and former Citigroup officers and directors related to Citigroup’s subprime mortgage business which led to the Company reporting billions of dollars in losses in 2007.

DE Court of Chancery.

Chimicles & Tikellis LLP served as co-lead counsel in this securities class action filed on behalf of the limited partners in Phoenix Leasing Cash Distribution Funds, in the Superior Court of the state of California, Marin County. The action alleged waste of corporate assets, fraud, breach of fiduciary duty and fraudulent sales and marketing by the General Partners of the Funds and other defendants. On February 19, 2002 the Superior Court approved the settlement of this action for $11.7 million.

Chimicles & Tikellis LLP served as co-lead counsel in this antitrust class action, filed on behalf of travel agents in the United States, in the United States District Court for the District of Minnesota. The firm was counsel to the American Society of Travel Agents, the largest travel agent trade association in the world. The basis for the suit was the defendant airline companies’ imposition of caps on the commissions payable to travel agents. On January 28, 1997, the Court approved settlements totaling $86 million.