Practice: Corporate Governance, Executive Compensation, Securities Fraud, Mergers & Acquisitions, Consumer
Email: ek@zlk.com
Eduard Korsinsky is the Managing Partner and Co-Founder of Levi & Korsinsky LLP, a national securities firm that has recovered billions of dollars for investors since its formation in 2003. For more than 24 years Mr. Korsinsky has represented investors and institutional shareholders in complex securities matters. He has achieved significant recoveries for stockholders, including a $79 million recovery for investors of E-Trade Financial Corporation and a payment ladder indemnifying investors of Google, Inc. up to $8 billion in losses on a ground-breaking corporate governance case. His firm serves as lead counsel in some of the largest securities matters involving Tesla, US Steel, Kraft Heinz and others. He has been named a New York “Super Lawyer” by Thomson Reuters and is recognized as one of the country’s leading practitioners in class action and derivative matters.
Mr. Korsinsky is also a co- founder of CORE Monitoring Systems LLC, a technology platform designed to assist institutional clients more effectively monitor their investment portfolios and maximize recoveries on securities litigation.
Mr. Korsinsky has served as an editor of the American Bar Association’s Securities Litigation Section’s newsletter and is a member of the American Bar Association’s Derivative Suits Subcommittee.
Education
- New York University School of Law, LL.M, Master of Law(s) Taxation (1997)
- Brooklyn Law School, J.D. (1995); Brooklyn College, B.S. (1992) summa cum laude, Accounting
Admissions
- New York (1996)
- New Jersey (1996)
- United States District Court, Southern District of New York (1998)
- United States District Court, Eastern District of New York (1998)
- United States District Court, Northern District of New York (2011)
- United States District Court of New Jersey (2012)
- United States Court of Appeals for the Second Circuit (2006)
- United States Court of Appeals for the Third Circuit (2010)
- United States Court of Appeals for the Sixth Circuit (2013)
Publications
- “The Dangers of Relying on Custodians to Collect Class Action Settlements.”, The Texas Association of Public Employee
Retirement Systems (TEXPERS) Investment Insights April-May Edition (2021)
- “The Dangers of Relying on Custodians to Collect Class Action Settlements.”, Michigan Association of Public Employee
Retirement Systems (MAPERS) Newsletter (2021)
- “The Dangers of Relying on Custodians to Collect Class Action Settlements.”, Florida Public Pension Trustees Association (FPPTA)
(2021)
- “NY Securities Rulings Don’t Constitute Cyan Backlash”, Law360 (March 8, 2021)
- “Best Practices for Monitoring Your Securities Portfolio in 2021.”, Building Trades News Newsletter (2020-2021)
- “Best Practices for Monitoring Your Securities Portfolio in 2021.”, The Texas Association of Public Employee Retirement
Systems (TEXPERS) Monitor (2021)
- “Best Practices for Monitoring Your Securities Portfolio in 2021.”, Michigan Association of Public Employee Retirement
Systems (MAPERS) Newsletter (2021)
- “Best Practices for Monitoring Your Securities Portfolio in 2021.”, Florida Public Pension Trustees Association (FPPTA) (2021)
- Delaware Court Dismisses Compensation Case Against Goldman Sachs, ABA Section of Securities Litigation News & Developments (Nov. 7, 2011)
- SDNY Questions SEC Settlement Practices in Citigroup Settlement, ABA Section of Securities Litigation News & Developments (Nov. 7, 2011)
- New York Court Dismisses Shareholder Suit Against Goldman Sachs, ABA Section of Securities Litigation News & Developments (Oct. 31, 2011)
Notable Cases
- E-Trade Financial Corp. Sec. Litig. No. 07-cv-8538 (S.D.N.Y. 2007) ($79 million recovery)
- In re Activision, Inc. S’holder Deriv. Litig. No. 06-cv-04771-MRP (JTLX)(C.D. Cal. 2006) (recovered $24 million in excess compensation)
- Corinthian Colleges, Inc., S’holder Deriv. Litig. SACV-06-0777-AHS (C.D. Cal. 2009) (obtained re-pricing of executive stock options providing more than $2 million in benefits to the company)
- Pfeiffer v. Toll C.A. No. 4140-VCL (Del. Ch. 2010) ($16.25 million in insider trading profits recovered)
- In re Net2Phone, Inc. S’holders Litig. Case No. 1467-N (Del. Ch. 2005) (obtained increase in tender offer price from $1.70 per share to $2.05 per share)
- In re Pamrapo Bancorp S’holder Litig. Docket C-89-09 (NJ Ch. Hudson Cty. 2011)(obtained supplemental disclosures following the filing of a motion for preliminary injunction, pursued case post-closing, secured key rulings on issues of first impression in New Jersey and defeated motion for summary judgment)
- In re Google Inc. Class C S’holder Litig. C.A. No. 19786 (Del. Ch. 2012) (obtained payment ladder indemnifying investors up to $8 billion in losses stemming from trading discounts expected to affect the new stock)
- Woodford v. M.D.C. Holdings, Inc. 1:2011cv00879 (D. Del. 2012) (one of a few successful challenges to say on pay voting, recovered millions of dollars in reductions to compensation)
- i2 Technologies, Inc. S’holder Litig. C.A. No. 4003-CC (Del. Ch. 2008) ($4 million recovered, challenging fairness of certain asset sales made by the company)
- Pfeiffer v. Alpert, et al. (Beazer Homes) C.A. No. 10-cv-1063-PD (D. Del. 2011) (obtained substantial revisions to an unlawful executive compensation structure)
- In re NCS Healthcare, Inc. Sec. Litig. C.A. 19786, (Del. Ch. 2002) (case settled for approximately $100 million)
- Paraschos, et al. v. YBM Magnex International, Inc., et al., No. 98-CV-6444 (E.D. Pa.) (United States and Canadian cases settled for $85 million Canadian)
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