In Depth Experience

With offices in New York, Chicago, San Francisco, New Orleans and Delaware, Kahn Swick & Foti, LLC (“KSF”) is one of the nation’s premier securities litigation law firms. The firm primarily represents shareholder clients seeking monetary damages emanating from corporate fraud by publicly traded companies and its officers, along with breaches of fiduciary duties by corporate boards.

KSF has been court appointed lead, co-lead, or class counsel in many national securities fraud class actions and derivative breach of fiduciary duty cases that have achieved substantial recoveries, often more than other law firms might have achieved, including prominent cases such as:

In In re Petrobras Securities Litigation, No. 1:14-cv-9662 (S.D.N.Y.), KSF was a Member of the Plaintiffs’ Steering Committee for the Individual Actions (“PSC”), in coordination with the federal securities class action against Brazil’s state-controlled petrochemical company arising from “Operação Lava Jato,” the largest corruption scandal in the history of Latin America, whereby Plaintiffs alleged Defendants deliberately overpaid on various construction contracts in return for kickbacks. As a Member of the PSC, KSF was found by the Court to have “made a substantial contribution to the class,” June 22, 2018 Opinion and Order at 39 (D.E. 834), the result of which was a settlement of $3 billion for investors which returned approximately 65% more to shareholders than received in other individual actions.

KSF’s reputation for intensive due diligence in case investigation and evaluation is supported by a core philosophy that distinguishes KSF from many of its peers: KSF takes legal action and recommends that clients seek lead plaintiff status in class actions only in the strongest cases. According to the Stanford University Class Action Clearinghouse, KSF evaluated and advised its clients to file under 20% percent of all new securities cases last year. KSF’s selectivity translates into peace of mind for its clients.

Selective Filing

KSF’s reputation for intensive due diligence in case investigation and evaluation is supported by a core philosophy that distinguishes KSF from many of its peers: KSF takes legal action and recommends that clients seek lead plaintiff status in class actions only in the most meritorious cases. Pursuant to the Stanford University Securities Class Action Clearinghouse, KSF advises its clients to take a lead role in approximately 20% percent of all new securities cases each year. KSF’s selectivity translates into peace of mind for its clients.

Learned Professionals

KSF is comprised of a talented group of lawyers who possess undergraduate, graduate and law school degrees from universities including Stanford, Harvard, U. Chicago, Columbia, NYU, Cornell and Tulane. Many of KSF’s lawyers also have practiced at the nation’s premier litigation firms prior to joining the firm. The majority of KSF’s lawyers focus their practices exclusively on securities law. In addition, KSF is the only boutique securities litigation firm in the U.S. to count among its ranks a former State Attorney General.  General Charles C. Foti, Jr., former Attorney General for the State of Louisiana, is a partner in the firm.

Contingency Basis

KSF accepts no fee unless it achieves a successful recovery. The firm believes that compensation should be measured by success. With a negotiated financial interest in the outcome of the litigation, KSF’s interests as advocates are perfectly aligned with those of our clients. We do not get paid unless we get results.

A Range of Solutions

KSF’s comprehensive client services program allows funds to document compliance with their fiduciary responsibilities. This is important at a time when daily headlines about scandals at corporations, investment banks, and mutual fund companies are prompting fund beneficiaries to ask tough questions about how their interests are being protected.  KSF works with its clients to create securities litigation policies that establish how much money a fund must lose before considering legal action. KSF monitors its clients’ portfolios to gauge losses in new cases and compiles reports of these activities. The firm also produces reports listing all recent settlements, so institutional clients can keep tabs on their custodians’ efforts to collect claims. Additionally, the firm offers robust analysis of corporate ESG compliance and representation to assure that corporate boards fulfill their fiduciary duties owed to shareholders.

1. According to ISS Securities Class Action Services, Blackberry was the 4th largest settlement obtained in the U.S. in 2022. https://insights.issgovernance.com/posts/the-largest-class-action-settlements-of-2022/ ↩︎