
Jeffrey W. Golan
Lawdragon 500
Barrack Rodos & Bacine
2001 Market Street
Philadelphia, PA 19103
215-963-0600 (firm)
http://www.barrack.com
PROFILE

Jeffrey W. Golan, a partner in Barrack, Rodos & Bacine, joined the firm in 1990. After graduating from law school, Mr. Golan served as a Law Clerk for the Honorable Edwin D. Steel, Jr. of the United States District Court Judge in the District of Delaware. After his clerkship, Mr. Golan joined a large firm in Philadelphia, where he concentrated his practice on commercial litigation, including the representation of plaintiffs and defendants in federal securities and antitrust cases. For the last several years, Mr. Golan has been selected as a Pennsylvania "Super Lawyer” in the field of Securities Litigation. In June 2000, he was honored as the “Featured Litigator” in the on-line magazine published by Summation Legal Technologies, the legal software company.
Since joining BR&B, Mr. Golan has been BR&B’s primary attorney in many major securities fraud cases throughout the country. At present, along with Leonard Barrack, he is serving as BR&B’s primary attorney in the In re American International Group, Inc. Securities 2008 Litigation, in which the firm was appointed as a lead counsel for the putative class. He served as BR&B’s lead trial attorney in In re WorldCom, Inc. Securities Litigation, a prosecution that yielded a record-breaking recovery of more than $6.13 billion for defrauded investors and one of the most notable fraud cases ever to go to trial. In April 2005, Mr. Golan led the BR&B team that tried the case against the only non-settling defendant in WorldCom, the company’s former auditor Arthur Andersen LLP. Andersen agreed to settle the claims against it in the fifth week of trial, shortly before closing arguments.
Mr. Golan also served as BR&B’s primary attorney for a number of other significant securities class actions including: the landmark case against Cendant Corporation, which settled for $3.18 billion, at the time, the highest recovery every achieved in a securities fraud class case – a settlement that also included significant corporate governance reforms; the case against DaimlerChrysler, which settled for $300 million; as well as in cases against Employee Solutions, Marion Merrell Dow, General Instrument and One Bancorp, among others.
Mr. Golan also served as the firm’s lead attorney in the securities fraud class action involving Mills Corporation, which settled with the defendant real estate investment trust corporation, its officers and directors, its auditor, Ernst & Young, and a foreign real estate development company for a total of $202.75 million, plus interest, the largest securities class recovery ever in Virginia. In August 2003, Mr. Golan was the lead trial attorney for the firm in an action in the Delaware Chancery Court, Equity Asset Investment Trust, et al. v. John G. Daugman, et al., in which the firm represented Iridian Technologies, Inc. (the world leader in iris recognition technologies) and its common shareholder-elected directors. The case was brought against the company and the common directors in June 2003, prepared for trial within two months under the Chancery Court’s “fast-track” procedures for Board contests, and went to trial by late August 2003.
Mr. Golan has also headed up the firm’s representation of lead plaintiffs in a number of derivative actions stemming from the stock option backdating scandal, and served as the firm’s lead attorney in several cases challenging proposed corporate transactions. He represented institutional and individual lead plaintiffs in a case that challenged the proposed buy-out of Lafarge N.A. by its majority shareholder, Lafarge S.A., which was settled when Lafarge S.A. agreed to increase the buy-out price from the $75.00 per share initially offered to $85.50 per share (a $388 million increase in the amount paid to Lafarge N.A.’s public shareholders) and when Lafarge N.A. agreed to make additional disclosures about the company and the proposed transaction. He was appointed as a co-lead counsel in consolidated shareholder cases challenging the majority shareholder buy-out of Nationwide Financial Services, Inc., where as part of a settlement approved in August 2009 the acquirer raised its offer price from $47.20 per share to $52.25 per share (which the court found had provided an aggregate economic benefit of $232.8 million to NFS shareholders), and in shareholder cases challenging the proposed acquisitions of Wm. Wrigley Jr. Company by Mars, Incorporated and of Commerce Bancorp by The Toronto-Dominion Bank. Mr. Golan also recently served as a co-lead counsel in consolidated shareholder cases challenging PepsiCo’s acquisition of Pepsi Bottling Group. After such lawsuits were filed, PepsiCo increased its offer price from $29.50 to $36.50 per share, which provided PBG’s public shareholders with an additional $1.022 billion in value. The court approved the settlement of the case on June 1, 2010.
Mr. Golan has also served in numerous capacities for the Public Interest Law Center of Philadelphia, including as Vice-Chair of the Board, and on the staff of the Mayor’s Task Force for the Employment of Minorities in the Philadelphia Police Force.
Education:
- Georgetown University Law Center (J.D. 1980)
- Georgetown University School of Foreign Service (M.S.F.S. 1980)
- Harvard College (B.A., cum laude, 1976)
- Pennsylvania, 1981
- United States Court of Appeals, Second Circuit
- United States Court of Appeals, Third Circuit
- United States Court of Appeals, Fourth Circuit
- United States Court of Appeals, Eleventh Circuit
- United States District Court for the Eastern District of Pennsylvania
by Jeffrey Golan
LIBRARY
Publications:
- Stock Option
Backdating: The Ultimate in Greed
Barrack Bulletin, Vol. 11 (Spring 2007)
- Director Liability as Developed in WorldCom and Some Suggestions for the Future
Prepared for the ALI-ABA Twelfth Annual Corporate Governance Institute, December 12, 2005, Fordham University School of Law, New York, NY
- The Client's Role
in Prosecuting WorldCom: New York State Comptrollers Lead the Charge
Barrack Bulletin, Vol. 9 (Fall 2005)
- Damages from the Plaintiff's Perspective-A Case Study: The WorldCom Case
Prepared for Law Seminars International program, Estimating Damages in Securities Litigation, June 6, 2005, Marriott Financial Center, New York, NY
- DaimlerChrysler
Agrees to Pay $300 Million to Settle Class Action
Barrack Bulletin, Vol. 7 (Fall 2003)
- Important Legal
Decisions In DaimlerChrysler
Barrack Bulletin, Vol. 7 (Fall 2004)
- Cross Pens Caught
In The Cross Fire
Barrack Bulletin, Vol. 4 (Spring/Summer 2002)
- District Court
Upholds Class Complaint Against DaimlerChrysler
Barrack Bulletin, Vol. 4 (Spring/Summer 2002)
- Delaware Court
Appoints Group of Institutional Investors to Lead Class Action Against DaimlerChrysler AG
Barrack Bulletin, Vol. 2 (Spring 2001)
- Cendant Settlement
Approved
Barrack Bulletin, Vol. 1 (Spring 2000)
- Third Circuit Approval of Partial Settlement Has Wide-Ranging Implications for Creative Resolutions of Class Action
and Securities Cases
Securities News, Vol. 4, No. 4 (Fall 1995) (ABA Litigation Section publication)
- Control Person Liability: How To Plead It And How To Prove It
Securities News, Vol. 4, No. 2 (Spring 1995)
- Contributing Author for ABA Section of Litigation, Secondary Liability Surveys (1993 and 1994)
- U.S. Technology Transfers to the Soviet Union
11 Law & Policy in International Business 1037 (1979)
- Law Seminars International Workshop, Estimating Damages in Securities Litigation
May 7, 2007, The Yale Club of New York City, New York, NY
(Speaker on "Challenges in Proving Damages from the Plaintiff's Perspective")
- Corporate Governance Seminar, Georgetown Law School
October 17, 2006 (class of Professor Donald Langevoort)
- Law Seminars International Workshop, Current Damages Issues in Securities Litigation
June 5, 2006, The Yale Club of New York City, New York, NY
(Speaker on "Challenges in Proving Damages from the Plaintiff's Perspective")
- Law Seminars International Workshop, Estimating Damages in Securities Litigation
June 6, 2005, Marriott Financial Center, New York, NY
(Speaker on "Damages from the Plaintiff's Perspective")
- ALI-ABA's Twelfth Annual Corporate Governance Institute,
December 1-2, 2005, Fordham University School of Law, New York, NY
(Speaker on "Due Diligence After WorldCom: Is It Possible to Protect Directors?")
Q&A
LOCATION
EDITORIAL REVIEW
He lassoed $3 billion for Cendant shareholders, then eclipsed that with $6 billion for WorldCom investors.Contact Lawdragon about the information in this review.
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