David P. Abel
David Abel represents institutional investors and individuals in complex securities, corporate governance and consumer litigation. He concentrates his practice on investigating and developing securities fraud class actions, shareholder derivative lawsuits and mergers and acquisition litigation. David has successfully briefed numerous securities class action lead plaintiff motions including In re Barrick Gold Sec. Litig., No. 1:13-cv-03851 (S.D.N.Y.), City of Sterling Heights General Emps.' Ret. Sys. v. Hospira, Inc., No. 1:11-cv-08332 (N.D. Ill.), and Birmingham Ret. and Relief Sys. v. S.A.C. Capital Advisors, LLC, No. 1:13-cv-02459-VM (S.D.N.Y.).
In evaluating potential matters, David draws on his experience as a securities litigator. He was an active member of the team prosecuting the securities fraud class action against Medtronic, Inc., which resulted in an $85 million settlement for investors. Further, David was a member of the teams prosecuting some of the firm's M&A cases, including suits involving Sprint Corp. and The Shaw Group, Inc.
David also serves as director of shareholder services and business analysts, supervising the firm’s securities-focused Portfolio Monitoring Service and financial analysis for securities and shareholder actions. The Portfolio Monitoring Service identifies losses suffered by clients due to securities fraud or other misconduct and enables them to carefully evaluate their options.
Prior to his tenure at Motley Rice, David gained professional experience serving as a consultant for small businesses, vice president of operations for a mid-size tour company, and general manager and editor for a political consulting firm. David is a graduate of the Charleston School of Law and holds an MBA from The Citadel. As an undergraduate at Clemson University, he was a member of the men’s varsity cross country and track & field teams.
* Please remember that every case is different. Any result we achieve for one client in one matter does not necessarily indicate similar results can be obtained for other clients.