DOMINA LAW Group pc llo's Experience with Shareholder Derivative Litigation

DOMINA LAW Group pc llo served as trial counsel in successful litigation against a public insurance company whose executives and inside directors were charged with abusing the company’s assets and resources. 

The suit, tried in US District Court, Middle District of Oklahoma, resulted in a jury verdict requiring that the company’s executives repay substantially all that shareholders paid for stock they claimed had been fraudulently sold.  The suit, spearheaded by the company’s largest single shareholder who did not hold a management position, also resulted in a favorable jury verdict turning away, and denying any relief whatsoever, on nearly $25 million in counterclaims asserted against the large shareholder.

The suit developed when an attempt by management to take the insurance company private was thwarted by the lead shareholder who engaged DOMINA LAW Group pc llo as trial counsel.  The shareholders announced objective in rebuffing the attempt to “go private” was clear.  It believed inside management was trying to buy the stock far too cheaply, thereby harming shareholders.