DONALDSONGUIN
solving legal problems for over 20 years
view our Attorney's Profiles

phone:(205)226-2282 - The Financial Center
505 20th Street North; Suite 1000 - Birmingham, AL 35203

No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other attorneys.

INSTITUTIONAL Securities cases: Partial List

In re HealthSouth Securities Litigation (N.D. Ala.) David Guin is Liaison Counsel for the HealthSouth bond investors.  The Retirement Systems of Alabama is Lead Plaintiff for purchasers of HealthSouth corporate bonds. A $445 Million class action settlement has been reached with HealthSouth, certain of its former directors and officers, and certain of its insurance carriers.

 

Sears Roebuck Bond Redemption. David Guin was retained to represent a major insurance company with a substantial investment in Sears Roebuck bonds that were wrongfully and prematurely redeemed.

 

In re "Just For Feet" Securities Litigation (N.D. Ala.) David Donaldson and Tammy Stokes represented a large shareholder who had sold a chain of shoe stores to Just-For-Feet in exchange for JFF stock.  When the JFF scandal broke and the stock price collapsed, Donaldson/GUIN sued. The case was settled for a confidential sum.

 

The Employees Retirement System of Alabama, et al. v. The May Dept. Stores Co., (Circuit Court of Montgomery County, Alabama, 92-CV-2726-R). 

David Guin was one of the plaintiffs' counsel in this action on behalf of group of institutional holders of over $240 million of debentures, including the Retirement Systems of Alabama, CalPERS, the New York State Common Retirement Fund, and similar funds of the States of Washington and Montana, as well as insurance companies, mutual funds and other investors, for wrongful redemption; See "Corporate Issuers Use Bluff-and-Threat Call Gambit," The Wall Street Journal, Nov. 2, 1992; "May Stores Named in Suit on Bond Calls," The Wall Street Journal, Dec. 15, 1992; "STACked Deck; Bondholders Get Tough Over Tender Deal," by Ben Stein, Barron"s, June 21, 1993, at 14-15; "STACing the Deck on Bondholders," Corporate Finance, June 1993, at 26-29; and number other articles pertaining to refunding of "nonrefundable" bonds.

 

United Municipal High Income Bond Fund v. Patriots Point Development Authority. David Guin was Co-Lead Class Counsel representing a mutual fund and others in this action filed on behalf of purchasers of tax exempt muiniciple bonds. See 772 F. Supp. 1565 (D. S.C. 1991).

 

The South Carolina National Bank v. Stone (Skylyn Hall Retirement Center municipal bonds), 139 F.R.D. 325 (D. S.C. 1991); 139 F.R.D. 335 (D. S.C. 1991); 749 F.Supp. 1419 (D. S.C. 1990); see related article at "An Expensive Free Lunch," Forbes (Jan. 25, 1988).  David Guin and David Donaldson were Class Counsel in this case involving defaulted tax-exempt municipal bonds.

Donaldson & Guin, LLC © 2007