<strong>Out of Court Settlement</strong>

We represented a major pension fund and a sovereign wealth fund in negotiations with a money center bank to settle the clients’ claims in a prominent securities litigation.  Dealing directly with defendants and without the need to file opt-out litigation, KM was able to procure for its clients significant settlements which represented more than 150% of the recovery they would have received should they have remained passive members of the class.  To the firm’s knowledge, these two clients are the only entities to have received a settlement premium in this matter.  KM continues to monitor the claims process to ensure everything is handled smoothly for its clients.