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In re Safety-Kleen Rollins Shareholder Litigation

In re Safety-Kleen Rollins Shareholder Lit., No. 3:00-1343-17 (D.S.C. Anderson, D. J.) (we served as co-lead counsel on behalf of former Rollins Environmental Services, Inc. shareholders bringing claims against waste disposal company, Safety-Kleen Corp. and its predecessor, Laidlaw Environmental Services, Inc. (LESI), its officers and directors, and outside auditors, for their issuance of a false and misleading Proxy Statement issued to Rollins shareholders as part of a reverse acquisition of Rollins by LESI.  After prevailing against numerous legal challenges raised by defendants, including Safety-Kleen’s bankruptcy stay, numerous motions to dismiss and summary judgment, and obtaining class certification, we settled the case for $3.15 million, which constituted approximately 90% of the class’s estimated damages).

 

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