About Adam SavettAdam Savett is a nationally recognized expert on complex litigation. He is a frequent speaker, author, and commentator on securities litigation and class actions. His comments have appeared in a wide variety of publications, such as The New York Times, Wall Street Journal, CFO Magazine, and Pensions & Investments.
Adam is a former complex litigator who used to represent institutional investors, government entities, and businesses in securities, antitrust, and other complex litigation. Recently, Adam was named one of the 100 Lawyers You Need to Know in Securities Litigation by Lawdragon Magazine.
He has published a number of articles and original research pieces on securities litigation topics and is also a member of the National Association of Public Pension Attorneys (NAPPA), the Professional Liability Underwriting Society (PLUS), SIFMA's Corporate Actions Division, the American Bar Association (ABA), and the Hedge Fund Business Operations Association (HFBOA).
Directory Practice Areas
- Business Law
- Securities Law
Jurisdictions Admitted to Practice
|CEO & Founder, TXT Capital, LLC|
|Director of Securities Class Actions, Claims Compensation Bureau, LLC|
|Director, Securities Class Action Services, MSCI / RiskMetrics Group / Institutional Shareholder Services (ISS)|
|Senior Associate, Mehri & Skalet, PLLC|
|Associate, Cohen Milstein Sellers & Toll PLLC|
|Associate, Finkelstein Thompson LLP|
|Associate, Savett Frutkin Podell & Ryan|
|Villanova University School of Law - Villanova University||J.D.|
|American University||B.A.||Broadcast Journalism|
|Top Contributor - Class Actions, Avvo|
|Top 5% most viewed profile, LinkedIn|
|Top Contributor - Class Actions, Avvo|
|National Finalist - Leading Lawyers in America, Lawdragon Magazine|
|Top 100 Legal Blogs, LawSchool.org|
|Top 2500 Blogs, ABA Journal|
|100 Lawyers You Need to Know in Securities Litigation, Lawdragon Magazine|
|Member, Hedge Fund Business Operations Association|
|Member, SIFMA's Corporate Actions Division|
|Member, National Association of Public Pension Attorneys|
|Member, Professional Liability Underwriting Society|
|Member, District of Columbia Bar|
|Member, American Bar Association|
- Overall: 300th
- Overall: 5 Answers
- This Year: 1 Answers
Q. How log does it usually take for a class action lawsuit to be settled.
A: There is no easy answer. Each area of law (e.g. employment, antitrust, unsafe drugs) has a rough timeline for how long cases usually take, but the keyword is usually. And each case is different. Many cases are resolved in 2-5 years, but some take less time and many take more. Best of luck.
Q. I have a stock certificate for Superior Oil in 1980 issued to my Grandmother which I did not inherit. How do I found ou
A: In March 1984, Superior Oil was acquired by Mobil Corporation (now part of ExxonMobil). At that time, Superior was the nation's largest independent oil producer. You can contact Exxon Mobil Shareholder Services via their website - http://ir.exxonmobil.com/phoenix.zhtml?c=115024&p=irol-shareholderservices to assist you in researching this issue.
Q. What can I do to get my money back from Private Shares in company I invested. (Not publicly traded)
A: You should discuss the situation with a lawyer that specializes in securities law. Many will offer free initial consultations, and they can give a more in depth answer since you will be able to share more details with them than this process allows. The answer should be in documents you received at the time of your investment, such as a subscription agreement. Best of luck.
Q. What is court solution to corporate defrauding of stockholders
A: It depends on what the company did, and to some extent whether they are a publicly traded company. You should contact an attorney that specialized in securities law matters and discuss what you believe the basis of your claim is. You may have civil remedies available to you, or in extreme circumstances, there may be grounds for you to seek criminal charges. Best of luck.
Q. On 3/21/13 I filled out an app. for a brokerage account a PNC. They withdrew 200,000 from checking to acct. Can I cancel
A: The answer depends on what they withdrew the money for, and what agreements you may have signed with PNC. If it was just to fund your account, then it should be very easy to reverse the transaction. If, on the other hand, it was to buy securities, and those securities have already been purchased, then you may have to pay certain transaction and other fees to liquidate the securities and get the cash back. You should review the account documents that you signed or agreed to, and consider talking to an attorney that handles securities law matters. You can use the lawyer directory to find one locally. Best of luck.
WEBSITES & BLOGS
FDA reopens comments on labeling dried forms of sugar cane syrup. May be an issue in food labeling #classaction cases http://ow.ly/ugl5D— Adam Savett (@adamsavett) March 5, 2014
Supreme Court looks again at additional hurdles for securities class actions, defense attorneys quietly wring hands - http://ow.ly/ugkKL— Adam Savett (@adamsavett) March 5, 2014
NY based plaintiff side securities litigation firm seeks junior securities litigation associate, details & apply here http://ow.ly/ueF7a— Adam Savett (@adamsavett) March 4, 2014
Ontario appeals court certifies $225 million #classaction alleging abuse of students at Grenville Christian College http://ow.ly/ueEWM— Adam Savett (@adamsavett) March 4, 2014
UK law firm readies #classaction vs Mt. Gox CEO and parent company over bitcoin marketplace's sudden collapse http://ow.ly/ueEzw— Adam Savett (@adamsavett) March 4, 2014
Former Continental pilots, now with merged United Airlines filed #classaction lawsuit vs union over seniority issues http://ow.ly/u4wcn— Adam Savett (@adamsavett) February 27, 2014
Plaintiffs in #classaction lawsuits over tax sale price fixing move to again include Madison County as defendant http://ow.ly/sxDnA— Adam Savett (@adamsavett) January 13, 2014
Supreme Court grants cert in POM Wonderful. Will decide if Lanham Act has private right of action on food labels - http://ow.ly/stlpX— Adam Savett (@adamsavett) January 10, 2014
Gov Christie faces #classaction over George Washington Bridge lane closing scandal. If NY residents file, I smell MDL http://ow.ly/ssIHt— Adam Savett (@adamsavett) January 10, 2014
Law Commission of Ontario releases scope of planned review of #classaction cases, invites confidential public input - http://ow.ly/ssjz1— Adam Savett (@adamsavett) January 10, 2014