Israeli and U.S. Law Firm Announce Alliance to Provide Class Action Services for Institutional Investors Strategic alliance between Barroway Topaz Kessler Meltzer & Check, LLP and Man-Barak Advocates & Solicitors
Philadelphia/Tel Aviv, June 1, 2007 -- Barroway Topaz Kessler Meltzer & Check, LLP, a U.S. law firm specializing in securities class actions, has initiated a formal cooperation with the Israeli law firm, Man-Barak Advocates & Solicitors, located outside Tel Aviv, Israel. BTKMC, with its headquarters located just outside of Philadelphia, PA (USA), currently employs over 60 attorneys and 100 staff dedicated to serving its institutional clients from around the globe and recently announced a historic $3 billion settlement with Tyco International, Ltd. In addition, BTKMC recently represented a group of European institutional investors in a precedent setting settlement with Royal Dutch Shell with regard to the company’s oil reserve fraud. Barroway Topaz Kessler Meltzer & Check’s “Securities Tracker” service provides continuous monitoring of the portfolios of institutional investors to identify potential claims for damages as a result of corporate malfeasance. The law firm is currently serving as lead counsel on behalf of institutional investors in lawsuits against companies such as Delphi Corp., Sprint Corp., and Tenet Healthcare Corp. In recent years, BTKMC has successfully claimed several billion U.S. dollars in compensation for their clients. “We believe that this cooperation with Man-Barak will allow us to serve the growing institutional investor community in Israel both with claims they may have in the US and in Israel as well,” said Darren Check, Partner and Director of Institutional Relations at Barroway Topaz Kessler Meltzer & Check.
Elad Man, a founding partner of Man-Barak Advocates & Solicitors, which specializes in representation of individuals and institutions in the fields of commercial, financial & consumer law, calls the collaboration with BTKMC an excellent opportunity for his firm and for the Israeli investor community as a whole. “With class actions becoming a more common tool for investors in Israel, many are beginning to explore what rights they have with respect to investments in other regions. Working alongside BTKMC, Man-Barak can now provide full service consultation and representation to investors with respect to their legal rights when they may have been a victim of fraud.”
Check and Man emphasized that their goal is to help Israeli institutional investors successfully seek compensation for the fraudulent misuse of their investments in the US and Israel and will be seeking to discuss those rights and how the monitoring program will benefit pension funds, mutual fund managers, hedge funds and other similar investors.