APOLLONIA, LLC

Mr. Oddo represented a class of unitholders who challenged the fairness of the April 2019 unit-for-unit acquisition of Apollonia, LLC by St. Renatus, LLC.  Plaintiffs alleged the acquisition was designed to unlawfully divest Apollonia, LLC unitholders of the Company’s valuable assets for grossly inadequate consideration via a flawed sales process. During five years of litigation, the plaintiffs engaged in extensive discovery that included reviewing tens of thousands of pages of documents from defendants and documents produced in response to subpoenas on twelve related third-parties; deposing party and third-party witnesses; responding to discovery propounded by defendants; and having plaintiffs sit for depositions. The parties engaged in multiple private mediation sessions and a settlement conference before plaintiffs achieved a settlement on the eve of trial of $11.6 million for the class of former Apollonia unit holders. Walsh, et al. v. Buchholz, et al., Case No. 0:19-cv-01856-JWB-DTS (D. Minn. Mar. 12, 2025).

Mr. Oddo served as lead counsel in this derivative litigation on behalf of a plaintiff who alleged certain Microchip officers and directors issued materially false and misleading statements regarding the operations and financial performance of Microsemi Corporation, a computer chip manufacturer Microchip acquired for $10.15 billion.  After four years of litigation, during which the complaint survived defendants’ motion to dismiss, we reviewed copious amounts of documents produced by defendants, and the parties engaged in multiple mediation meetings, plaintiff prevailed.  The settlement achieved a $4 million payment for Microchip from defendants’ insurer and significant benefits for the Company, including acquisition oversight reforms, enhanced responsibilities imposed on the audit committee, the appointment of a chief compliance officer, and various guidelines imposed for Company directors. Reid v. Sanghi, Case No. CV2019-002389 (Sup. Ct. AZ June 14, 2023).

SABA SOFTWARE, INC.

Mr. Oddo served as lead counsel in this shareholder class action against the officers and directors of Saba Software for breaches of fiduciary duties related to the buyout of Saba Software by Vector Capital Management. Plaintiffs alleged that because the company was facing mounting financial concerns, including delisting by the Securities and Exchange Commission and a failure to complete its internal review of the accounting treatment of certain international transactions, defendants chose to sell the company in a flawed and self-serving sales process in exchange for inadequate merger consideration for Saba Software shareholders. After three and half years of litigation, including extensive discovery, mediation, and a lengthy settlement negotiation process, defendants agreed to pay Saba Software’s former shareholders $19.5 million. In approving the settlement, Vice Chancellor Slights called Robbins’s representation of the class “exemplary” and touted the settlement as a “strong recovery for the class.” Transcript of Proceeding at 18, 22, In re Saba Software, Inc. Stockholder Litig. C.A., No. 10697-VCN (Del. Ch. Sept. 26, 2018). In re Saba Software, Inc. Stockholder Litig. C.A., No. 10697-VCN (Del. Ch. Sept. 26, 2018).

VENOCO, INC.

Mr. Oddo served as co-lead counsel to the public shareholders of Venoco, Inc. in this class action arising out of a scheme by the energy company’s Chief Executive Officer to buy out Venoco’s minority shareholders at an inadequate share price. After four years of contentious litigation and amidst the company’s demise, Mr. Oddo achieved a settlement fund of $19 million for shareholders—a significant recovery in light of Venoco’s dire financial circumstances. The court noted that this settlement represented a 5.2% increase in the consideration received by the shareholders over the $12.50 share price in the merger consideration, an increase greater than recent settlements of this type. At the final approval hearing, the Honorable Sam Glasscock III, Vice Chancellor, in the Court of Chancery of the State of Delaware touted the settlement as a “good result for all” and “very fortunate for the class.” Transcript of Proceeding at 19, 22, In re Venoco, Inc. S’holder Litig., C.A. No. 6825-VCG (Del. Ch. Oct. 5, 2016). In re Venoco, Inc. S’holder Litig., C.A. No. 6825-VCG (Del. Ch. Oct. 5, 2016).

STAR SCIENTIFIC, INC. (NOW ROCK CREEK PHARMACEUTICALS, INC.)

Mr. Oddo served as lead counsel in this securities fraud class action against Star Scientific alleging that the defendants made materially false and misleading statements regarding John Hopkins University School of Medicine’s purported involvement in the clinical development and testing of Star Scientific’s main product – Anatabloc® – to increase Star Scientific’s stock price to the detriment of stockholders and to secure the equity financing the company needed to stay in business. Mr. Oddo successfully defeated defendants’ motion to dismiss, conducted preliminary discovery, and engaged in extensive settlement discussions. Ultimately, Mr. Oddo secured a $5.9 million settlement fund on behalf of stockholders who purchased their shares of Star Scientific stock based on the misrepresentations. In re Star Scientific, Inc. Securities Litig., No. 3:13-CV-00183-JAG (E.D. VA July 6, 2015).

PETCO ANIMAL SUPPLIES, INC.

Mr. Oddo led the charge in this class action alleging that the going-private acquisition of PETCO by a private equity group was consummated at an unfair price. After more than three years of contentious litigation, Mr. Oddo helped secure a $16 million settlement fund to be distributed to the class of shareholders. In re PETCO Animal Supplies, Inc. S’holder Litig., Lead Case No. GIC 869399 (Cal. Super. Ct.-San Diego Cnty. Mar. 26, 2010).

ELECTRONIC DATA SYSTEMS, INC.

Mr. Oddo served as lead counsel in this securities class action that challenged the acquisition of Electronic Data Systems Corporation by Hewlett-Packard Company. Mr. Oddo negotiated a pre-closing settlement that secured for Electronic Data Systems shareholders a $25 million dividend and the disclosure of previously omitted material information concerning the transaction that allowed for an informed shareholder vote. In re Electronic Data Systems Class Action Litig., Master File No. 366-01078-2008 (Tex. Dist. Ct.-Collin Cnty. Dec. 23, 2008).

EMACHINES, INC.

Mr. Oddo represented the shareholders of eMachines, Inc. in a challenge to the efforts of the company’s founder to take the company private. Mr. Oddo’s litigation efforts helped secure a $24 million common fund for shareholders. In re eMachines, Inc. Merger Litig., No. 01-CC-00156 (Cal. Super. Ct.-Orange Cnty. July 25, 2007).