Florida-based Saxena White opens Wilmington office
WILMINGTON – Saxena White P.A., a law firm specializing in securities litigation headquartered in Boca Raton, Fla., has opened a downtown Wilmington office.
The firm recruited Thomas Curry from the Wilmington office of Labaton Sucharow LLP. He will serve as director of the office located in the Brandywine Building at 1000 N. West St.
Last year, Saxena White closed a $320 million shareholder derivative case against Wells Fargo Bank related to its improper opening of accounts without the knowledge of the customer. It was a record for an insurer cash component of a shareholder derivative suit, and a big win for the 14-year-old firm.
Although the Wells Fargo case was heard in California, it looked to expand its practice in Delaware, where two-thirds of the Fortune 500 are incorporated and therefore where many of the largest cases get heard. It already has satellite offices in San Diego and White Plains, N.Y.
“Our decision to open the Delaware office reflects the confidence we have in Tom to add another dimension to our already strong corporate governance practice,” said Maya Saxena, co-founder of Saxena White, in a statement announcing the new office. “Many of our clients are interested in strengthening the value of their investments through derivative and other litigation. Based on Tom’s successful track record we know that the Delaware office will further enhance our ability to produce strong results for our clients.”
At Labaton Sucharow, Curry represented investors in many high-profile cases, including those against Dell, GE, Stamps.com, and more. He has particular expertise in representing public investors shortchanged by corporate sales and other merger and acquisition (M&A) activity influenced by insider conflicts of interest.
Curry also has significant experience advising United States-based investors seeking to protect their interests in connection with M&A activity subject to the law of foreign jurisdictions. In both 2019 and 2020, he was recognized nationally by The Legal 500 as a “Rising Star” in the field of M&A Litigation.
Before Labaton Sucharow, Curry began his legal career at the prominent Wilmington defense firm Morris, Nichols, Arsht & Tunnell LLP.
“Saxena White has an incredible track record of realizing significant recoveries for its clients, including in the area of corporate governance litigation. It is an honor to join the firm and to head its new Wilmington office,” Curry said in a statement. “A majority of the Fortune 500 companies are incorporated in Delaware and, therefore, subject to Delaware’s corporate governance laws. Establishing a presence in Delaware will bolster Saxena White’s ability to successfully represent our clients’ interests where their investments are threatened by conflicted transactions, board oversight deficiencies, and other corporate governance failures. It will also provide a platform for us to advocate for developments in Delaware law to protect the interests of public investors and promote good corporate citizenship and governance practices.”
By Jacob Owens