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Ms. Saxena is the former Managing Partner of the Boca Raton, Florida office of one of the nation’s largest securities litigation firms. Ms. Saxena was instrumental in recovering over $200 million on behalf of investors, including, among others, in the following cases: - In re Sunbeam Securities Litigation, 176 F. Supp. 2d 1323 (S.D. Fla. 2002); Defendants' motions to dismiss were denied (two members of the board of directors were dismissed). Significant discovery was undertaken, including the review of approximately one million pages of documents and the depositions of approximately 90 fact witnesses over nearly 200 deposition days. After approximately eight months of negotiations, a settlement was entered into with defendant Arthur Andersen LLP for $110 million - one of the largest settlements ever with an accounting firm - and $31 million from the remaining defendants (including a $15 million personal contribution from former CEO Al Dunlap, agreed to only days prior to the start of trial);
- , No. 1:03-CV-0817-TWT (N.D. Ga. 2003). The majority of defendants’ motions to dismiss were denied in this action, which involved a major financial restatement of AFC’s previously reported financial results. Co-Lead counsel obtained a settlement of $15 million on behalf of the class;
- In re Windmere-Durable Holdings, Inc. Sec. Litigation, No. 98-2273 (S.D. Fla. 2002). Plaintiffs alleged that defendants failed to reveal material facts concerning a recent acquisition. The case resulted in a settlement of $10.5 million after the conclusion of merits and expert discovery;
- In re PSINet, Inc. Securities Litigation, No. 00-1850-A (E.D. Va 2002). Plaintiffs alleged that defendants failed to reveal the true financial condition of PSINet and one of its recent acquisitions. After the conclusion of merits, class, and expert discovery, the case settled for $17.8 million;
- In re Pinnacle Holdings Inc. Securities Litigation, No. 8:01-cv-624 (M.D. Fla. 2002). Co-Lead counsel obtained a settlement of $11 million prior to the commencement of discovery, including significant contributions from the Company’s auditor and underwriters;
- In re PSS World Medical Inc. Securities Litigation, No. 3:01-cv-795 (M.D. Fla. 2001). Co-Lead Counsel obtained a settlement of $6.75 million;
- ., No. 01-0156 (S.D. Fla. 2001). Co-Lead Counsel obtained a settlement of $8.5 million in this accounting fraud action, despite the bankruptcy of the principal defendant and a rescission action filed by the Company’s insurance carrier;
- Cheney v. Cyberguard Corp., No. 98-6879 (S.D. Fla. 1998). Co-Lead Counsel obtained a settlement of $11 million after the close of discovery;
- , No. 8:03-cv-1958 (M.D. Fla. 2002). Defeated motions to dismiss; $8 million settlement pending despite bankruptcy of the Company.
Prior to joining her previous law firm, Ms. Saxena was employed as an Assistant Attorney General in Ft. Lauderdale, Florida. As an Assistant Attorney General, Ms. Saxena represented the State of Florida, its agencies and officers in civil cases at the appellate and trial level, and prepared amicus curiae briefs in support of state policies at issue in state and federal court cases. Ms. Saxena also represented the Florida Highway Patrol and other law enforcement agencies in civil forfeiture trials. Ms. Saxena graduated from Syracuse University summa cum laude in 1993 with a dual degree in policy studies and economics, and graduated from Pepperdine University School of Law in 1996. Ms. Saxena is a member of the Florida state bar, and is admitted to practice before the U.S. District Courts for the Southern, Northern and Middle Districts of Florida, as well as the Eleventh and Fifth Circuit Courts of Appeal. She is a member of the Palm Beach County Bar Association, and the American Bar Association. Ms. Saxena was recently recognized in the South Florida Business Journal’s “Best of the Bar” as one of the best lawyers in South Florida.
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2424 North Federal Highway
Boca Raton FL, 33431
Tel. 561.394.3399
Fax. 561.394.3382
msaxena@saxenawhite.com
V-card
- Pepperdine University School of Law, JD
- Syracuse University, BA
- Securities class actions
- Consumer class actions
- Derivative & breach of fiduciary duty cases
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