Zamansky LLC represents shareholders seeking to bring derivative actions on behalf a corporation.
Our shareholder derivative litigation practice helps shareholders bring derivative actions on behalf a corporation to assert its rights and interests when officers, directors, or management fail to do so. A shareholder can recover monetary losses suffered by the corporation or seek any variety of corporate governance reforms. Zamansky LLC has derivative litigation experience across multiple jurisdictions and various industries. The following is a partial list of currently pending and notable shareholder derivative actions brought by Zamansky LLC to recover losses:
Ivy Investment Management Company Derivative Litigation
Zamansky LLC is sole counsel in this shareholder derivative action against two funds to recover damages resulting from the purchase of private securities in a start-up and potentially criminal company in the field of professional boxing promotion. Zamansky LLC successfully overcame its first motion to dismiss and is proceeding through the discovery phase of this case.
Third Avenue Management Company Derivative Litigation
Zamansky LLC represents a shareholder in the first derivative action filed against the mutual fund trustees for failing to maintain a sufficient liquidity plan and violation of the 25% limit on illiquid assets in the prospectus for the Third Avenue Focused Credit Strategy Fund, a mutual fund which once had $1 billion in assets.