We’re committed to doing things differently
At DST we work to maximize our clients’ recoveries – not our own.
We seek to recover a greater percentage of investment losses than the typical class action by representing individual investors rather than an entire class.
"The litigators of Dietrich Siben Thorpe provide unparalleled opt-out representation of complex securities fraud claims. By selectively counselling individual investors in an effort to recover investment losses, the firm provides an alternative to maximize investor recoveries."
Benchmark Litigation: The Definitive Guide to America’s Leading Litigation Firms & Attorneys.
To view the full profile of the firm, click here.
Case studies & success
- Comverse - DST represented a prominent investment advisor with over $9 billion in assets under management in an opt out action against Comverse, and certain of its former officers and directors. The case was successfully resolved for a significant premium over the recovery in the securities class action.
- WaMu - DST successfully represented several mutual funds in an individual securities action that settled for a substantial recovery of the funds’ losses when they stood to receive nothing in the class action.
- Countrywide Financial - DST represented a registered investment adviser with approximately $4 billion in assets under management, as well as several foundations, in an opt out action arising from the alleged securities fraud perpetrated by Countrywide Financial Corporation, certain of its former senior officers and directors, and Countrywide's former auditor, KPMG LLP.
- Tyco International - Mr. Siben and Mr. Thorpe represented -opt out clients who settled for 100 million, representing a significant multiple over what they would have received had they remained in the related securities class action.
Opt out Settlements
Please click on the link below to view a chart that summarizes some of the more significant opt out settlements announced by public funds.