Sadis & Goldberg

History

Notable clients and cases

• Represented SkyBridge Capital in its acquisition of Citigroup's Hedge Fund business. The deal includes the purchase of Citi Alternative Investments' fund of funds, hedge fund seeding and advisory businesses, with $4.2 billion worth of assets under management.
• Legal counsel for a merger arbitrage hedge fund and Co-Lead Counsel for Orchard Enterprises, Inc stockholders' 195% gross recovery above the merger price for cashed-out stockholders. This case was notable for the 2.3 times premium over the value of the merger price that was awarded and a second recovery of an additional 29% above the merger price for hedge funds that previously succeeded in an appraisal action. Sadis was able to make a strong showing of rescissory damages, which are rarely recovered in merger litigation. The case demonstrates a source of alpha for hedge funds engaging in shareholder activism and a strategy of exercising appraisal rights litigation in squeeze-out going-private transaction.
• In 2015, Sadis & Goldberg obtained a favorable settlement of no bar or suspension for ex-Wells Fargo analyst in High-Profile SEC Insider Trading Case. The settlement permits client to continue in securities industry, while neither admitting nor denying one charge of negligence-based § 17 claim, and paying a $75,000 civil penalty.
• Sadis & Goldberg won a FINRA arbitration awards against Interactive Brokers with a payout three times higher than any prior FINRA Awards against the leading online broker.

  Awards

• 2016 Best Global Law Firm - Hedgeweek Global Awards
• 2016 Best North American Law Firm - Hedgeweek USA Awards