Results

Girard Sharp served as co-lead counsel in a certified securities class action on behalf of investors of Maxar Technologies, Ltd. (NYSE: MAXR) regarding alleged violations of federal securities laws for material misstatements and omissions associated with the performance and economic outlook of one of its core business units. The court granted preliminary approval of a $36.5 million settlement in June 2023.

Girard Sharp served as lead counsel in a consolidated class action brought on behalf of investors against a major bank for furthering a Ponzi scheme. After several years of litigation in bankruptcy court and district court, the parties reached a $54.5 million settlement approved by the court in December 2021.

Girard Sharp served as an Executive Committee member in the largest EB-5 fraud in the history of the United States, involving more than 800 foreign investors owed over $400 million. The firm helped to secure a $150 million recovery from Raymond James and additional recoveries from other parties.

Girard Sharp and co-counsel brought this action on behalf of investors who faced a complete loss on their investments in The Parking REIT. The case proceeded in Circuit Court for Baltimore, Maryland against the CEO and Chairman and the REIT’s directors. After deposing whistleblowers, Girard Sharp coordinated negotiations among counsel for various stakeholders, including plaintiffs in a separate suit in federal court in Nevada, and a potential acquirer, to reach at a settlement that provides cash payments to the stockholders, an injection of new capital into the company, and forfeiture of the CEO’s right to receive additional shares.

Girard Sharp serves on the Executive Committee in this class action on behalf of traders in NYMEX platinum or palladium futures contracts and/or COMEX silver futures or gold futures contracts asserting market manipulation (“spoofing”) claims against JPMorgan Chase & Co. Girard Sharp helped plaintiffs secure a $60 million settlement for the class, which will supplement a $920 million settlement with the U.S. Department of Justice.