For over 15 years, Catherine Pratsinakis has engaged in nationwide class action litigation across many practice areas and a wide range of industries, including pharmaceuticals, manufacturing, technology, insurance, financial services, oil and gas, securities fraud, and real estate. Catherine has represented institutional investors, both public and private, and retail investors in corporate cases in the Delaware Court of Chancery and in securities fraud class actions in federal courts throughout the country. She is an advocate for consumer rights and has also represented the rights and interests of patients and medical providers in nationwide class actions alleging violations of the Employee Retirement Income Security Act of 1974. Catherine served as law clerk to the Honorable Joseph E. Irenas of the U.S. District Court for the District of New Jersey in the Summer of 1999.
She practiced in Wilmington, Delaware, for over a decade and will reside in Dilworth’s offices in Philadelphia and Wilmington.
- Represented preferred stockholders in Johnson v. W2007 Grace Acquisition I, Inc., No. 2:13-cv-2777 (W.D. Tenn.), an action against a once-public, widely-held billion-dollar real estate investment trust (REIT) that was taken private and had gone “dark” on its preferred stockholders for over five years. Preferred stockholders received a recovery of $72 million representing par plus interest.
- Represented bondholders in Roth v. The Phoenix Companies, No. 650634/2016 (N.Y. Sup. Ct.) against The Phoenix Companies, a publicly-traded insurer that had entered into a going-private transaction and sought to amend the bond indenture to limit financial reporting obligations to bondholders. The settlement secured ongoing financial reporting akin to that of a public company for bondholders as well as third parties, such as prospective buyers, brokers, market makers and analysts. This preserved the liquidity of the bonds and enhanced the bonds’ value by millions of dollars. The Court stated that the settlement was “outstanding” and provided “expeditious beneficial relief for the class that affords them material remedial disclosures…. Class counsel performed substantial work and obtained an extremely favorable result for the class.”
- Represented stockholders in TRSL v. Greenberg, et al., No. 20106 (Del. Ch.), and successfully challenged the findings of a special litigation committee. After engaging in hard-fought litigation, the matter settled for $115 million on the eve of trial.
- Represented stockholders in In re Parmalat Sec. Litig., MDL 04‐1653 (S.D.N.Y.) during which the reference was successfully withdrawn from the U.S. Bankruptcy Court, which allowed stockholders to pursue debtor Parmalat in the U.S. District Court for the Southern District of New York, and led to the recovery of over $70 million and an additional $30 million from Parmalat’s cohorts in one of the most infamous securities frauds in Italy’s history.
- Represented shareholders in Delaware County Retirement Fund v. Portnoy, No. 1:13-cv-10405 (D. Mass.), which presented the issue of whether an onerous, one-sided arbitration bylaw that had a chilling effect on the shareholders ability to bring litigation was valid and permissible by law.
- Represented investors in In re American International Group, Inc. Consolidated Derivative Litig., No. 769 (Del. Ch.) ($90 million recovery for AIG), In re Hollinger Int’l Sec. Litig., No. 04-CV-0834 (N.D. Ill.) ($37.5 million settlement for defrauded investors), and numerous other actions involving Barnes & Noble, BioScrip, Cablevision, Constellation Energy Group, Covad Communications, DVI Inc. and Mattel.
- Represented consumers in In re 24 Hour Fitness Prepaid Memberships Litigation, No. 4:16-cv-01668 (N.D. Cal.) that was settled for a full recovery, the value of which is projected to exceed $35 million (final approval of settlement pending).
Professional & Community Activities
- Member, American Constitution Society
- Member, National Association of Shareholder and Consumer Attorneys
- Member, Philadelphia Bar Association
- Member, Public Justice
Speeches & Presentations
- Speaker, The Association of New Jersey Chiropractors (2017)
- Speaker, The California Independent Physical Therapists Association (2017)
- Speaker, The Illinois Pension Conference (2016)
- Speaker, The Pennsylvania Association of Public Employee Retirement Systems (PAPERS) (2015)
- J.D., with honors, Rutgers University School of Law, 2001
- Member, Rutgers Law Review
- M.B.A., with honors, Rutgers University School of Business, 2001
- B.A., Psychology, University of Maryland, 1997
- Delaware, 2006
- New Jersey, 2001
- Pennsylvania, 2001
- United States Court of Appeals Second Circuit
- United States Court of Appeals Third Circuit
- United States District Court Northern District of California
- United States District Court District of New Jersey
- United States District Court Southern District of New York
- United States District Court Eastern District of Pennsylvania
- United States District Court Eastern District of Tennessee