Expert Litigation with Results
Joy A. Kruse is an experienced and accomplished securities litigation partner. She played a leading role in the day-to-day litigation and resolution of the highly successful Broadcom, McKesson, America Online, Peregrine, and Network Associates cases. In both McKesson and America Online, she had substantial responsibility for client communications (two Merrill Lynch mutual funds and the State of Alaska, respectively).
"We appreciate the diligence and expertise of our counsel in achieving an outstanding resolution of the case," said Mark Morones, spokesperson for the Alaska Department of Law, following announcement of the America Online settlement.
In an opt-out case brought by two Merrill Lynch mutual funds against McKesson Corp., the funds recovered 104% of their damages ($145 million). This amount was approximately $15-120 million more than the Merrill Lynch funds would have recovered had they participated in the federal class action settlement.
The Broadcom stock options backdating derivative litigation resulted in a $118 million partial settlement in which Broadcom Corporation's insurance carriers paid $118 million to Broadcom. In addition, the Broadcom team pursued claims against three executives resulting in a separate settlement valued at $79 million. The total recovery is approximately $197.5 million, which constitutes the third largest in a derivative action involving stock options backdating.
Prior to joining our firm, Ms. Kruse served more than a decade as a criminal defense attorney, including four years as an Assistant Federal Public Defender in the Northern District of California and four years working in a white collar criminal defense firm in San Francisco.