Paul Scarlato has represented the interests of investors since 1989. Among his more recent efforts are the Deutsche Mortgage Pass-Through Securities Litigation ($32.5 million settlement for purchasers of mortgage backed securities ); Lehman Brothers Equity/Debt Securities Litigation (settlements over $500 million for Lehman debt and equity purchasers); Velti plc Securities Litigation (partial settlement of $9.5 million for Velti stock purchasers); Hewlett Packard Securities Litigation ($57 million settlement for HP common stock purchasers); In Compellent Technologies, Inc. Shareholder Litigation (settlement in connection with proposed acquisition of Compellent Dell, Inc. included key deal improvements; elimination of “poison pill” and standstill agreement with potential future bidders, and a reduction of termination fee); and In re Boeing Derivative Litigation (following a series of government scandals involving Boeing; settlement for shareholders included allocation of $29 million to establish and innovate ethics and compliance programs, and required the board to examine company’s entire governance structure). Paul has an undergraduate degree in accounting and was part of the tax department of a “Big Six” accounting firm where he provided a broad range of services to large business clients in a variety of industries prior to entering the securities litigation practice.
Law Clerk, The Honorable Nelson Diaz, Court of Common Pleas of Philadelphia County, 1986-1987 Law Clerk, The Honorable James T. McDermott, Pennsylvania Supreme Court, 1987-1988
NON-CLASS ACTION EXPERIENCE:
Following his judicial clerkships, Mr. Scarlato became a member of the tax department of a “Big Six” accounting firm where he provided a broad range of services to large business clients many industries.