Defendant charged with 18 counts of mail and wire fraud related to alleged real estate fraud scheme. In six-week joint trial our client was succesful in defeating most of the charges against her. She... also received a significantly reduced sentence compared to the co-defendants. Numerous trial errors were raised on appeal but no new trial was granted.
Litigation
Schisler, et al. v. State of Maryland
Jan 01, 2007
OUTCOME: Permanent Injunction
In 2006, the Maryland General Assembly sought to fire the Public Service Commission. The Plaintiffs brought suit to enjoin the enforcement of the litigation and succeeded before the Court of Appeals.
...
The law was found unconstitutional and the members of the Public Service Commission remained on the job.
Schisler, et al. v. State of Maryland, 394 Md. 519, 907 A.2d 175 (2006).
Class action
In Re Royal Ahold NV Securities and Erisa Litigation
N/A
OUTCOME: Settlement of $1.1 Billion
We participated in litigating one of the largest securities fraud class action cases in United States History, In Re Royal Ahold N.V. The case involved allegations of fraudulent accounting practices i...n violation of federal securities laws by Dutch supermarket conglomerate Royal Ahold, N.V. When the case settled for $1.1 billion dollars, it became one of a handful of “mega-fund†cases. Other “mega-fund†settlements resulted from the high profile accounting scandals at WorldCom and Cendant.
The law firm of Entwistle & Cappucci, one of the leading securities fraud firms in the nation, approached Andrew Radding to enlist the Adelberg firm’s support in bringing the case in the United States District Court for the District of Maryland. After cases from throughout the country were consolidated in the Maryland Federal Court, the Entwistle/Adelberg team got to work to make the case to be appointed as lead counsel for the Plaintiffs.
Andrew Entwistle was appointed by the United States District Court for the District of Maryland to serve as lead counsel for the Plaintiffs and Andrew Radding was appointed by the United States District Court for the District of Maryland as local liaison counsel for the case. The Entwistle/Adelberg team prevailed over a number of the top firms in the nation to gain the Court’s trust to handle the case on behalf of all the Royal Ahold investors defrauded by the company’s conduct.
Supporting the efforts of their colleagues in New York, Andrew Radding and Gregory M. Kline brought their knowledge and experience with the Federal court in Baltimore to help their clients survive numerous efforts to dismiss the case and successfully sought information from the Defendants and others which built an overwhelming case for trial.
After years of investigation, litigation and the exchange of millions of pages of discovery documents, the parties agreed upon a settlement that would return over a billion dollars to Royal Ahold investors. The settlement, one of the largest of any kind in Maryland legal history, was the culmination of thousands of hours of work and represented a great victory for the clients. The Federal Court made special note of the extraordinary challenges overcome by Plaintiffs’ counsel when it approved the settlement in June of 2006.