Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP Leading global plaintiffs litigation firm serving investors and consumers from around the world.

Kessler Topaz Meltzer & Check, LLP, is one of the largest firms in the world specializing in complex litigation on a contingent basis. Since the firm’s founding, Kessler Topaz has developed a worldwide reputation for excellence in the areas of shareholder, ERISA, consumer, antitrust, and intellectual property litigation. The firm proudly notes that it has recovered billions of dollars on behalf of its clients and the classes it represents.

On August 18, 2026, U.S. District Judge Brian R. Martinotti of the District of New Jersey denied Coinbase’s motion to di...
08/25/2026

On August 18, 2026, U.S. District Judge Brian R. Martinotti of the District of New Jersey denied Coinbase’s motion to dismiss a shareholder class action against the world’s largest crypto exchange. This was Coinbase’s third dismissal motion in this long-running securities class action led by Lead Plaintiff Sjunde AP-Fonden (AP7), one of Sweden’s largest pension funds. The motion followed the filing of an amended complaint in October 2025.

Plaintiffs allege that Coinbase, its CEO Brian Armstrong, and other senior executives failed to disclose the true regulatory risks facing the nascent crypto platform, including the likelihood that the SEC would pursue an enforcement action against Coinbase for failing to register the digital assets it lists as securities with the Commission. In June 2023, when the SEC filed an enforcement action against Coinbase, the company’s stock tumbled, causing massive investor losses.

In denying Coinbase’s motion, Judge Martinotti underscored the plaintiffs’ allegations of insider trading. The Court found that the amended complaint submits facts that “support the assertion defendants had motive to engage in wrongful conduct at the time of the allegedly misleading statements – the reaping of billions of dollars in financial benefits by cashing out existing shares at inflated values following Coinbase’s public listing before the public could learn about the risks associated with a potential bankruptcy and/or an [SEC] enforcement action.” The case, pending since 2023, will now proceed to discovery.

The KTMC team representing plaintiffs includes Matthew Mustokoff, Stacey Kaplan, Margaret Mazzeo, and Joshua Materese.

On August 5, 2026, Judge Noël Wise of the Northern District of California issued a significant ruling for investors in I...
08/24/2026

On August 5, 2026, Judge Noël Wise of the Northern District of California issued a significant ruling for investors in In re SVB Financial Group Securities Litigation, the class action arising from the March 2023 collapse of Silicon Valley Bank.

The Court granted Lead Plaintiffs Sjunde AP-Fonden (AP7) and Norges Bank’s motion to amend the complaint to add a Section 10(b) securities fraud claim against KPMG LLP, SVB’s longtime outside auditor and denied KPMG’s motion to dismiss that claim in full. Those claims are based on approximately 300 new allegations drawn from KPMG’s own workpapers and internal files produced in discovery. In denying KPMG’s motion, the Court held that Plaintiffs adequately alleged that KPMG acted with scienter. Among other facts, the Court pointed to escalating red flags KPMG confronted regarding SVB’s ability to hold its massive held-to-maturity securities portfolio to maturity—a portfolio that grew 500% in a single year and whose unrealized losses ultimately approached 95% of SVB’s shareholders’ equity.

KPMG now faces both Securities Act and Exchange Act fraud claims as the case proceeds toward class certification and trial.

KTMC serves as co-lead counsel with a team that includes Sharan Nirmul, Rick Russo, Jamie McCall, Sarah Damiani, Nate Simon, Lyndsey Campbell and Mariama Barry. Partner Sharan Nirmul argued the motions on July 29, 2026.

We are proud to announce a significant appellate win on behalf of Lead Plaintiff Sjunde AP-Fonden (AP7) in a securities ...
08/20/2026

We are proud to announce a significant appellate win on behalf of Lead Plaintiff Sjunde AP-Fonden (AP7) in a securities fraud class action arising from the 2023 collapse of Signature Bank, one of the largest bank failures in U.S. history. In a unanimous published opinion issued on August 19, 2026, the Second Circuit vacated the dismissal of investors’ claims against Signature’s former officers and its auditor, KPMG LLP, and remanded the case for further proceedings.

Read more at https://www.ktmc.com/news/ap7-achieves-significant-victory-at-the-second-circuit-in-signature-bank-collapse-suit/

KTMC is pleased to partner with Equal Justice America and Drexel University Thomas R. Kline School of Law for an evening...
08/06/2026

KTMC is pleased to partner with Equal Justice America and Drexel University Thomas R. Kline School of Law for an evening celebrating public interest law in Philadelphia. We hope you’ll join us on September 16!

Please RSVP to [email protected] by September 9.

KTMC is proud to introduce our 2027 Summer Associate class, a group of seven talented law students.Our program is struct...
08/04/2026

KTMC is proud to introduce our 2027 Summer Associate class, a group of seven talented law students.

Our program is structured to provide immediate, meaningful exposure to the Firm’s practice. Through collaboration with attorneys on active matters, participants refine their legal skills while gaining insight into the responsibilities and expectations of a junior associate.

“We are pleased to welcome the 2027 summer associate class. This program reflects our commitment to cultivating the next generation of advocates, and we look forward to supporting each student as they gain valuable experience and perspective within our practice.” – Stacey Kaplan, Partner

The 2027 class includes:

Kenneth Alyass – University of Michigan Law School
Robert Baucom – Cornell Law School
Levi Burks – University of Pennsylvania Carey Law School
Aryn Chartock – Villanova University Charles Widger School of Law
Marcus Cooley – Georgetown University Law Center
Madison Johansen – Georgetown University Law Center
Coleman Scott – Georgetown University Law Center

In addition to their substantive work, summer associates engage in a variety of programs and events that encourage collaboration, build connections across the Firm, and offer a well-rounded introduction to professional life at KTMC.

KTMC Prevails in Federal Appeal, Successfully Defending Its $812 Million Jury Verdict for Fannie and Freddie Shareholder...
08/03/2026

KTMC Prevails in Federal Appeal, Successfully Defending Its $812 Million Jury Verdict for Fannie and Freddie Shareholders

On July 24, 2026, the U.S. Court of Appeals for the D.C. Circuit issued a ruling upholding the $812 million trial verdict and judgment for plaintiff shareholders of the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”). This major victory is the latest in our long-running litigation stemming from the August 2012 “Net Worth Sweep,” in which the Federal Housing Finance Agency (“FHFA”) agreed to permit the U.S. Treasury to “sweep” 100% of Fannie and Freddie’s profits in perpetuity, thereby depriving Fannie Mae and Freddie Mac shareholders of any opportunity to benefit from those future profits in the form of dividends or through building net worth at the companies.

KTMC, along with co-counsel, achieved the unanimous jury verdict at the center of this appeal in August 2023, after a three-week trial in the U.S. District Court for the District of Columbia. The jury found that FHFA breached the implied covenant of good faith and fair dealing in the Fannie and Freddie shareholder contracts because the Net Worth Sweep was an “arbitrary and unreasonable” violation of shareholders’ reasonable expectations. Of the many lawsuits challenging the “Net Worth Sweep,” our litigation brought the only successful cause of action. We have litigated Fannie Mae and Freddie Mac stockholders’ implied covenant claim through multiple rounds of pleadings, prior appeals, and a prior three-week trial that ended in a mistrial in 2022.

Read more at https://www.ktmc.com/news/

Kessler Topaz is proud to be a Silver Sponsor of the Pennsylvania State Association of County Controllers (PSACC) Annual...
07/23/2026

Kessler Topaz is proud to be a Silver Sponsor of the Pennsylvania State Association of County Controllers (PSACC) Annual Conference, taking place July 26–30 at The Shawnee Inn in the Poconos.

Partner Josh Materese will be attending the conference and looks forward to connecting with county leaders from across Pennsylvania. For conference details and registration, visit: https://psacc.org/2026-psacc-summer-conference.

KTMC is honored to be recognized in the Chambers USA 2026 Guide as a Band 1 Top Firm in both Securities Litigation and C...
06/22/2026

KTMC is honored to be recognized in the Chambers USA 2026 Guide as a Band 1 Top Firm in both Securities Litigation and Class Action Litigation: Mainly Plaintiff.

Widely regarded as one of the legal profession’s most respected rankings, Chambers USA identifies leading firms through extensive independent research, including feedback from clients and peers. Band 1 is Chambers’ highest distinction and reflects exceptional advocacy, client service, and market leadership.

We are grateful for the trust our clients place in us and proud that their perspectives continue to underscore the firm’s strategic approach, litigation capabilities, and commitment to delivering high-quality counsel.

Congratulations to our attorneys and professional staff whose dedication makes this recognition possible.

We are proud to be recognized as the 2026 Class Action Litigation Firm of the Year at the Law.com Pennsylvania Legal Awa...
06/18/2026

We are proud to be recognized as the 2026 Class Action Litigation Firm of the Year at the Law.com Pennsylvania Legal Awards, presented by The Legal Intelligencer.
 
This award recognizes the exceptional work our team does every day in pursuing justice and achieving meaningful outcomes for our clients. We are grateful for the opportunity to represent investors, consumers, and others in high-stakes matters and for the confidence our clients place in us.
 
Partner Grant Goodhart accepted the award on behalf of the Firm.

Telemedicine Company and Physician to Pay Over $3.3 Million To Settle Whistleblower Lawsuit Alleging Fraudulent Billing ...
06/16/2026

Telemedicine Company and Physician to Pay Over $3.3 Million To Settle Whistleblower Lawsuit Alleging Fraudulent Billing
 
The Department of Justice announced that Circle Medical Technologies, Inc., a nationwide telemedicine company, its affiliated physician group, Circle Medical Care of California, and their Chief Medical Officer and medical director, Dr. Nicole Tsang, D.O., (collectively, “Circle Defendants”) have agreed to pay the United States and State of California $3,325,000 to settle a qui tam lawsuit filed in the U.S. District Court for the Northern District of California.

Asher Alavi and David Bocian of KTMC represented the whistleblower, Jason Vellen, and filed the qui tam lawsuit under seal in 2024 pursuant to the whistleblower provisions of the federal False Claims Act and California Insurance Frauds Prevention Act. In June 2026, the United States and State of California intervened in the lawsuit for purposes of settlement.

The settlement, one of the first of its kind involving a telemedicine company, resolves allegations that the Circle Defendants defrauded federally funded healthcare programs and private insurance plans in California by billing numerous telemedicine visits provided by its roughly 350 providers to patients throughout the country under the name and NPI of a physician who neither provided nor supervised the visits. In fact, the telemedicine visits, which were primarily related to the prescription of ADHD medication, were overwhelmingly performed by contracted physician-assistants and nurse practitioners, who were not properly supervised by the rendering provider listed on the claims.

Read more at https://www.ktmc.com/news

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