Adam Savett

Adam Savett

TXT Capital, LLC
  • Antitrust, Business Law, Securities Law
  • DC, New Jersey, Pennsylvania, Virginia
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Summary

Adam 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).

Practice Areas
  • Antitrust
  • Business Law
  • Securities Law
Jurisdictions Admitted to Practice
DC
New Jersey
Pennsylvania
Virginia
D.C. Circuit
Professional Experience
CEO & Founder
TXT Capital, LLC
- Current
Director of Securities Class Actions
Claims Compensation Bureau, LLC
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Director, Securities Class Action Services
MSCI / RiskMetrics Group / Institutional Shareholder Services (ISS)
-
Senior Associate
Mehri & Skalet, PLLC
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Associate
Cohen Milstein Sellers & Toll PLLC
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Associate
Finkelstein Thompson LLP
-
Associate
Savett Frutkin Podell & Ryan
-
Education
Villanova University School of Law
J.D.
-
American University
B.A. / Broadcast Journalism
-
Professional Associations
Member
Hedge Fund Business Operations Association
- Current
Member
SIFMA's Corporate Actions Division
- Current
Member
National Association of Public Pension Attorneys
- Current
Member
Professional Liability Underwriting Society
- Current
Member
District of Columbia Bar
- Current
Member
American Bar Association
- Current
Websites & Blogs
Website
Website
Legal Answers
5 Questions Answered

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.
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Contact & Map
24331 Chagrin Blvd.
#129
Beachwood, OH 44122
USA
Telephone: (216) 223-7250
Fax: (216) 223-7251