Jonathan R. Davidson, a partner of Kessler Topaz Meltzer & Check, LLP, concentrates his practice in the area of shareholder litigation. Mr. Davidson currently consults with institutional investors from around the world, including public pension funds at the state, county and municipal level, as well as Taft-Hartley funds across all trades, with regard to their investment rights and responsibilities. Mr. Davidson assists Firm clients in evaluating and analyzing opportunities to take an active role in shareholder litigation. With an increasingly complex shareholder litigation landscape that includes traditional securities class actions, shareholder derivative actions and takeover actions, non-U.S. opt-in actions, and fiduciary actions to name a few, Mr. Davidson is frequently called upon by his clients to help ensure they are taking an active role when their involvement can make a difference, and to ensure they are not leaving money on the table.
Mr. Davidson has been involved in the following successfully concluded shareholder litigation matters: City of Daytona Beach Police and Fire Pension Fund v. ExamWorks Group, Inc., C.A. No. 12481-VCL (Del. Ch.) ($86.5 million settlement, including $46.5 million funded by outside legal advisor); In re MGM Mirage Securities Litigation, Case No. 2:09-cv-01558-GMN-VCF (D. Nev.) ($75 million settlement); In re Weatherford International Securities Litigation, No. 11-1646 (S.D.N.Y.) ($52.5 million settlement); Beaver County Employees’ Retirement Fund, et al. v. Tile Shop Holdings, Inc., et al., No. 0:14-CV-00786-ADM/TNL (D. Minn.) ($9.5 million settlement); Bucks County Employees Retirement Fund vs. Hillshire Brands Co, No. 24-C-14-003492 (Md. Cir. Ct.) (Alternative deal struck paying a 71% premium to stockholders); and City of Sunrise Firefighters’ Retirement Fund v. Schaeffer, No. 8703 (Del. Ch. Ct.) (Invalid bylaws repealed; board disclosed that it unlawfully adopted the bylaws).
Mr. Davidson is a frequent lecturer on shareholder litigation, corporate governance, fiduciary issues facing institutional investors, investor activism and the recovery of investment losses -- speaking on these subjects at conferences around the world each year, including the National Conference on Public Employee Retirement Systems’ Annual Conference & Exhibition, the International Foundation of Employee Benefit Plans Annual Conference, the California Association of Public Retirement Systems Administrators Roundtable, the Florida Public Pension Trustees Association Trustee Schools and Wall Street Program, the Georgia Association of Public Pension Trustees Annual Conference and Trustee School, the Pennsylvania Association of Public Employees Retirement Systems Spring Forum, the Fiduciary Investors Symposium, the U.S. Markets’ Institutional Investor Forum, and The Evolving Fiduciary Obligations of Institutional Investors. Mr. Davidson is also a member of numerous professional and educational organizations, including the National Association of Public Pension Attorneys.
Last updated October 2018