Stuart M. Grant
Stuart M. Grant, co-founder and managing director of Grant & Eisenhofer P.A., is internationally recognized for his extensive knowledge in the areas of Delaware corporate law, fiduciary responsibility, securities and investments, private equity and fixed income, appraisal remedies, valuation, proxy contests and other matters related to protecting and promoting the rights of institutional investors. He serves as litigation counsel to many of the largest public and private institutional investors in the world.
Mr. Grant was the first attorney in the country to argue the provisions of the Private Securities Litigation Reform Act (PSLRA) allowing an institutional investor to be appointed as lead plaintiff in a securities class action. The case opinion is widely considered the landmark on the standards applicable to lead plaintiff/lead counsel practice under the PSLRA. Included among his more notable securities class action representations are: In re Refco Inc. Securities Litigation, which resulted in a $400 million settlement; In re Safety-Kleen Securities Corporation Bondholders Litigation, which, after a six-week securities class action jury trial, resulted in judgments holding the company’s CEO and CFO jointly and severally liable for nearly $200 million and settlements with the remaining defendants for $84 million; and In re Parmalat Securities Litigation, which resulted in a settlement of approximately $100 million in what the SEC described as “one of the largest and most brazen financial frauds in history.”
Mr. Grant has successfully argued on behalf of institutional investors in many groundbreaking corporate governance cases, serving as lead counsel in six of the seven largest settlements in the history of Delaware Chancery Court (In re Digex, Inc. Shareholders Litigation; Teachers’ Retirement System of Louisiana v. Greenberg, et al. and American International Group, Inc.: American International Group, Inc., Consolidated Derivative Litigation; In re: El Paso Corporation Shareholder Litigation; In re: Del Monte Foods Company Shareholder Litigation; and In re: ACS Shareholders Litigation.).
Mr. Grant is an internationally recognized speaker on securities and regulatory issues, particularly from the institutional investor perspective. He has authored a number of articles and published writings. His articles have been cited with approval by the U.S. Supreme Court, U.S. Court of Appeals for the 2nd and 5th Circuits and numerous U.S. District Courts. Mr. Grant serves as Vice-Chairperson of the Delaware Judicial Nominating Commission, as a member of the Board of Trustees for the University of Delaware and the Delaware Art Museum. Mr. Grant was an Adjunct Professor of Law at the Widener University School of Law from 1994-2009, where he taught securities litigation and is a Certified Teacher for the National Institute of Trial Advocacy (NITA). Mr. Grant graduated in 1982 cum laude from Brandeis University with a B.A. in economics and received his J.D. from New York University School of Law in 1986. He served as Law Clerk to the Honorable Naomi Reice Buchwald in the U.S. District Court for the Southern District of New York.