John M. Newman
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John M. Newman
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John M. Newman Jr.
Firm: Jones Day
Address: North Point
901 Lakeside Avenue
Cleveland, OH 44114-1190
Phone: 1.216.586.7207 (Business Phone)
Fax: 1.216.579.0212 (Business Fax)
E-mail: Contact Us (Business Email)
Web site: http://www.jonesday.com

Position Areas of Practice Bar Admissions
Education Published Works Representative Cases
Lawyer Profile:

Jack Newman represents public companies and their officers and directors in securities litigation, shareholder actions, and fiduciary and governance actions as well as representing public companies and private equity clients in response to claims arising from mergers and acquisitions. His practice also focuses on banking services, employee benefits, bankruptcy, tax and accounting-related litigation, and other commercial controversies.

Jack has been highly successful in winning securities cases through motions to dismiss under the Private Securities Litigation Reform Act, in motions for summary judgment, in motions denying class certification, and in Daubert motions. He recently won a motion in opposition to class certification in a shareholder action attacking the 2005 merger between Federated Department Stores (now known as Macy's, Inc.) and May Department Stores (Decristofaro v. Dunham, No. 064-265 (St. Louis, Mo. Cir. Ct.)).

Representative clients in other recent public matters include Albertsons, American Greetings, Boykin Lodging, Cardinal Health, Diebold, International Coal Group, Macy's, National City Corporation, The Royal Bank of Scotland Group, Sherwin-Williams, Xcel Energy, and Zimmer Holdings.

Jack is a Fellow of the American College of Trial Lawyers. He has served on the board of editors of the Federal Litigation Guide Reporter and was a member of the adviser group for The American Law Institute Project on Complex Litigation (1988-1992). He is a member of the ABA (Litigation and Business Law Sections), the Los Angeles County Bar Association, and the Cleveland Metropolitan Bar Association (Judicial Selection Committee, 1988-1990).

Current Employment Position(s):
Partner

Areas of Practice:
Securities Litigation & SEC Enforcement
Trial Practice
Securities Fraud Class Actions
Shareholder Derivative Actions
Accounting & GAAP Issues
ERISA & Other Employee Benefits Litigation
Bar Admissions:
California
Illinois
Ohio
Education:
Georgetown University

Harvard University

Published Works:
Basic Truths: The Implications of the Fraud-on-the-Market Theory for Evaluating the ‘Misleading’ and ‘Materiality’ Elements of Securities Fraud Claims, coauthor, Journal of Corporation Law 571, 1995

Representative Cases:
Albertson's and its directors defend shareholder action
American Kidney Stone Management defends breach of contract and breach of fiduciary duty action brought against them by former LLC members
Boykin Lodging resolves shareholder action
Brantley Capital resolves securities class action
Cardinal Health resolves securities class action, ERISA class action and shareholder derivative actions (2009)
Cooper Tire & Rubber Company obtains dismissal of securities fraud action
Cooper Tire obtains nationwide class settlement in action alleging deficient manufacturing and sales practices for steel-belted radial tires
Corrpro Companies obtains dismissal of action alleging securities disclosure violations
Diebold resolves ERISA stock drop action
Diebold securities litigation dismissal upheld by Sixth Circuit (2009)
Empryrean Bioscience obtains dismissal of securities litigation (2009)
Federated Department Stores obtains dismissal of shareholder derivative action
Federated Department Stores obtains dismissal of securities litigation
Figgie International directors defend shareholder class action
International Coal Group defends securities class action
International Coal Group obtains dismissal of shareholder class action (2009)
Macy's obtains dismissal of shareholder derivative action (2009)
Macy's obtains dismissal of securities class action
May Department Stores defeats plaintiff's motion for class certification and obtains dismissal of shareholder litigation
Mesa Airlines resolves shareholder class action (2009)
Mesa Airlines wins dismissal of federal case in Ohio alleging defective aircraft engine (2009)
Micro Warehouse resolves securities litigation
National City Bank defends securities, derivative and ERISA litigation arising from dislocations in the credit and real-estate markets
National City Corporation defends shareholder litigation
National City issues stock to Corsair Capital
Nationwide Mutual Insurance defends shareholder class action
Omnicom Group defends shareholder class action (2009)
Omnicom Group resolves shareholder litigation
Quantum Health Resources obtains summary judgment in shareholder class action
Royal Bank of Scotland defends action arising out of collapse of Enron
Seaman Furniture defends action filed by minority shareholders (2009)
Sherwin-Williams defends shareholder derivative action stet
Sulcus Computer resolves shareholder class action
USX Corporation defends shareholder class action
Xcel Energy defends shareholder class action
Xcel Energy obtains dismissal of securities fraud, derivative and ERISA actions
Xcel Energy obtains dismissal of shareholder derivative action
Xcel Energy resolves action brought by beneficiaries of employee benefit plans
Xcel Energy resolves shareholder derivative action
Xcel Energy undergoes $10 billion chapter 11 reorganization of its unregulated utility subsidiary, NRG Energy
Zimmer Holdings obtains dismissal of shareholder derivative action (2009)
West Practice Categories:
Administrative Law, Bankruptcy Litigation, Business & Commercial Law, Capital Markets, Class Actions, Commodities, Complex Litigation, Employee Retirement Income Security Act (ERISA) -- Employee, Employee Rights -- Employee, Employment Law -- Employee, Federal Appellate Practice, Federal Claims Court, Federal Trial Practice, Foreign Investment, International Trade Litigation, Litigation & Appeals, Military & Veterans Appeals, Multidistrict Litigation, Patent Litigation, Private Placements, Public Offerings, Securities Fraud & Insider Trading, Securities Law, Securities Regulation, State Appellate Practice, State Trial Practice, Tax Litigation, Taxation Law, US Court of Appeals for the Federal Circuit, US Supreme Court

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