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).
- 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|
|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: 271st
- This Year: 91st
- Last 30 Days: 403rd
- Last 7 Days: 391st
- Overall: 5 Answers
- This Year: 5 Answers
- Last 30 Days: 1 Answers
- Last 7 Days: 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
10th Circuit affirms dismissal for forum selection & arbitration clauses of #classaction by AT&T U-verse consumers - http://ow.ly/g6G5i— Adam Savett (@adamsavett) December 14, 2012
Missouri Supreme Court hears arguments on #classaction fees from case vs Volkswagen over window regulators - http://ow.ly/g6wFk— Adam Savett (@adamsavett) December 14, 2012
Center for Class Action Fairness files objection to Electronic Arts Madden NFL game #classaction settlement http://ow.ly/g6wjR @pointoflaw— Adam Savett (@adamsavett) December 14, 2012
TCPA text messaging #classaction vs SoundBite Communications & Bank of America dismissed - http://ow.ly/g6vH6 $SDBT— Adam Savett (@adamsavett) December 14, 2012
Philadelphia restaurant Chickie's and Pete's faces FLSA #classaction over forced tip-out of credit card fees http://ow.ly/g6vg2 #labor— Adam Savett (@adamsavett) December 14, 2012
Massachusetts securities regulator files suit vs LPL Financial over sales of nontraded real estate investment trusts http://ow.ly/g3feU— Adam Savett (@adamsavett) December 12, 2012
Magistrate lets plaintiffs' expert in meningitis cases conduct "destructive" testing @ New England Compounding Pharmacy http://ow.ly/g3bYn— Adam Savett (@adamsavett) December 12, 2012
Free webinar tomorrow from Securities Docket: Intersection of Dodd-Frank's Whistleblower Provisions & FCPA http://ow.ly/g36Ks @SecuritiesD— Adam Savett (@adamsavett) December 12, 2012
Southwest Airlines #classaction over change to drink coupon policy settles. Settlement valued up to $58 million - http://ow.ly/g33W9— Adam Savett (@adamsavett) December 12, 2012
U.S. District Judge Lewis Kaplan suggests need for examination of securities #classaction "system" - http://ow.ly/g2Fq6 @nateraymond— Adam Savett (@adamsavett) December 12, 2012