Meet the Class Action Lawyer: The Success of Juan Monteverde
Juan Monteverde is an attorney in New York City. He is the managing partner and founder of Monteverde & Associates PC. The firm is mostly focused on cases involving consumers and investors. Many cases look at how shareholders are experiencing unfair financial damages because of unjust practices of the public organization they've invested in. In many cases, the root cause of corporate fraud is an issue that is consistent across his cases.Juan Monteverde, NYC attorney Juan Monteverde leads the way in class action settlementsMonteverde & Associates PC has successfully won cases in front of the US Supreme Court and acts as an advocate of the court in New York. Juan Monteverde helps ensure merger transactions are fair to his clients. He has a wealth of experience can draw upon to assist companies in making better deals and adhere to the right practices for shareholders. He is skilled in recommending the most effective actions that shareholders can take to ensure that they are paid fair for their investment.Juan Monteverde has been a speaker at ACI, ABA, PLI and other conferences, presenting his viewpoint on executive compensation and mergers. He has also written several articles published on the subject of law and litigation.Juan Monteverde doesn't believe there should ever be any room for doubt or hesitation.It's a huge step to start a firm, but he had to be adamant in the effectiveness of his professional abilities. His aim in his professional career was to create an organization that would help clients get their rights protected. In keeping his attention on the client, Monteverde and his firm can achieve great outcomes. Monteverde believes that a lawyer is often more effective when they are able to focus on the client over the firm.However it is important to let the world know about the successes is a big part of growing a successful firm. One struggle in today's world is that the small business is in essence the underdog. Establishing a reputation online and creating the kind of referral system based on word of mouth which is essential for growth has been a major obstacle for Monteverde and his company.The firm has put a lot of effort to create websites and has created an online presence that will help create the online image. Without a place to post achievements and case wins it's difficult to spread the word about the firm. Making efforts to improve the website and online publications is one method Monteverde has helped his company with new marketing tactics.Before the site for the company which is now in use, Monteverde actually created his own initial website to save the company money. He had to master basic programming to build a functioning website. In retrospect, Monteverde believes tasks like that are better saved for other talent while he focuses on cases that can generate income. But, he is the kind of professional who isn't afraid to master any new technique.Juan Monteverde has been successful due to his tenacious work ethics.He has a hard work approach that is focused on efficiency. In the litigation field, there are many deadlines, and basically a continuous amount of work. One of the biggest jobs Monteverde is to make sure that the board is honest in their actions and that the corporate agreements for mergers are clear. This takes a lot of hard work and long hours.He believes that the focus must be not just the hours spent, but on the efficiency. According to Monteverde "Time and energy are limited and if they're used in a manner less than ideal the work you do can be affected."Effectively preparing for the career path goes beyond simply working hours. It also includes pursuing a rich collection of experience. Through enhancing his understanding of case law, industries as well as business and other professional endeavors, Monteverde keeps his practice up to date.Juan Monteverde started his career attracted to the financial side of business.He obtained his B.S. in Finance from the California State University of Northridge. Then he went on to get his J.D. at St. Thomas University School of Law which he completed with a laude degree in the year 2006. He passed the New York State bar exam the following year before joining an attorney.After a decade of working in a number of firms, Juan Monteverde decided it was time to set out on his own. He was the head of the department of mergers and acquisitions for a firm when he made the choice to start a new firm. It was a natural progression in his career, giving him greater control over the focus of his work.With an education in the field of securities law and shareholder rights, it was natural to be able to deal with more of these clients as well as cases. The goal of his firm was to build an established firm that could gain a good reputation. The success of his cases has helped establish the reputation of the firm and establish confidence with clients.The firm only makes profits if it manages to land a favorable deal for a customer. A fee structure is drafted ahead of time that determines the amount of money the company will take when a deal is concluded.Many firms struggle to become profitable at first, Juan Monteverde came in with a wealth of experience and his firm was able to make money right from the beginning. Most firms have to spend a large amount of unpaid hours upfront before they are able to get to profitability after completing deals or successful cases. It may take a long time before some companies actually begin to make progress towards financial success.However, Juan Monteverde was already on good terms with others in the industry, including those from his previous firm. It was possible for him to keep working the cases he had previously started with the previous firm and start off the new company with several profitable wins and deals.This was an enormous leap forward to Monteverde & Associates PC law firm. Rather than going into debt and low return, the firm was able to start out with a profit.His firm has secured many successful case settlements and victories.Juan Monteverde has been able to obtain a number of multimillion-dollar settlements and verdicts on behalf of the clients whom he represents. His personal victories include:- Riche V. Pappas (US Geothermal buyout), 2018-0177 JTL (Del. Ch. 2020)(securing $6.5 million cash settlement)- In Re Hansen Medical, Inc. Shareholder Litigation, Lead Case No. 16-cv-304288 (Santa Clara Court., CA 2019)(obtaining $7.5 million post-close cash settlement)- In Re Clubcorp Holdings Shareholder Litigation, Case No. A-17-758972-B (Dist. Ct. Cark Cnty., NV 2019)(obtaining $5 million post-closing cash settlement)- In Re American Capital, Ltd. Shareholder Litigation in the case No. 422598-V (Rockwell Cty, MD 2018)(obtaining $17.5 million post-closing cash settlement)- In Re Jefferies Group, Inc. Shareholders Litigation, Cons. C.A. No. 8059-CB (Del. Ch. 2015)(obtaining in co-lead capacity $70 million following the close settlement)- In re Force Protection, Inc. In re Shareholder Litigation. Case No. A-11-651336-B (Dist. Ct. Clark Cnty., NV 2015)(obtaining as co-lead counsel $11 million following the close of the cash settlement)- In re Orchard Enterprises, Inc. Shareholder Litigation, C.A. No. 7840-VCL (Del. Ch. 2014) (obtaining in co-lead capacity $10.725 million post-close cash settlement)- In Re Harleysville Group, Inc. S'holders Litigation, C.A. 6907-VCP (Del. Ch. 2014)(obtaining significant disclosures to stockholders pre-close and securing valuable relief post-closing with the help of an Anti-Flip Provision providing stockholders who were previously shareholders with 25% of profits earned in a Qualifying Sales)- In re Cogent, Inc. Shareholders Litigation, Consol. C.A. No. 5780-VCP (Del. Ch. 2013.) (obtaining the role of co-lead counsel post-close cashsettlement of $1.9 million)Because of cases like these, Juan Monteverde has won several prizes.He was selected from Super Lawyers as a New York Metro Rising Star in Securities Litigation in 2013 and 2017-2019. This is an award given only to less than 2.5 percent of attorneys in a particular field.He was also named a Top Rated Lawyer by Martindale-Hubbell for 2017 and 2018 and 2019.A majority of Monteverde's previous clients have given him top ratings and excellent reviews. The case studies on the site highlight some of the major wins he's been able to provide to clients.Recently, Monteverde & Associates was selected to the list of Top 50 plaintiff law firms of 2018, 2019 and 2020. The list is compiled by the total cash amount for ISS securities class action settlements throughout the year. With over $11 million in three settlements during the calendar year of 2020, Monteverde & Associates came 10th on the list in terms of the number of settlements for the amount of settlement.The company then proceeded to secure a $17.4 million cash settlement to those who own Envision Healthcare.Fighting to protect shareholder rights has been a passion of Juan Monteverde.He claims that shareholders do not understand that they have the power to alter the proposals and also have a say in whatever transpires in their companies. The shareholder proposal was introduced many years ago so that all public companies could follow all the demands of shareholders.Juan Monteverde protects the rights of American shareholders. He suffers a lot because shareholders do not know their responsibilities when they are in public corporations. When the lawyer works with most clients, he comes becoming aware that more information must be made available to those who own shares in public companies.As a major firm that specializes in class action law in the United States, a majority of Monteverde & Associates cases are seeking damages that occurred because of fraud or bad advertising. These cases have been brought to all levels of appellate as well as the U.S. Supreme Court. The firm has gained a lot of experience with different types of trial including courts, shareholder rights and cases.It's not always simple to win these massive legal battles on behalf or even thousands of plaintiffs.Juan Monteverde sees himself as a Don Quixote in the realm of law. He found the book inspirational because it showcased the dedication of a man to a cause that others called absurd. Don Quixote is focused and willing to take on any challenge. Monteverde has noted that he has a strong affinity with the concept of fighting for things other people can't even see. Even if others don't see the value or understand the plight, the work is nevertheless important and meaningful."It's easier to follow an audience than it is to become your own person," he says. "Follow your intuition and work hard to achieve better outcomes."But, Monteverde isn't wholly consumed by his work. One of his favorite ways to spend time with his family. He claims there's no better reason to be working hard than your family. When you think about it, his wife and kids are the reason why he invests all of his energy into his work. He hopes to build a legacy firm that does more than just help his family.Looking forward, the future is bright and bright for Juan Monteverde and his firm.As a leading figure within an influential role in New York legal scene, Monteverde is known to spend a significant amount of time encouraging young lawyers as well as young, promising professionals. He wants the promising new legal professionals to stay dedicated to the small guys--the individuals that are often left out from the cold while larger firms make deals or business decisions.In the fast-paced world of mass production and the vast global reach of corporations, someone has to be looking out for the investors, consumers and others. Many companies have their own councils, so lawyers are often required to manage and submit group action lawsuits on behalf of the less affluent party of affected plaintiffs. And, while it's easy for companies to be disconnected from the lawsuit and the client, professional firms need to care about what can help the client to be restored without wasting time or resources.Juan Monteverde says it's important to take advantage of technology.Up-and-coming professionals should use the tools that are available to increase their reach, increase their knowledge and organize their approach. The technology of today allows brands to reach an enormous audience. They are also the exact ones that should be utilized for legal teams to connect with those large groups as well.The advanced technology of modern age is beneficial when it is used in a proper manner. Monteverde believes lawyers in every field should take advantage of the latest trends and tools. Learning the technological advances is the only method to stay ahead of the competition and satisfy the needs of clients.Monteverde believes that it is essential for leaders to guide other professionals.Monteverde has since gone on to help others who are looking for guidance from experienced experts. One struggle he encourages them to examine is the difficulty in outsourcing or delegating certain busywork tasks.As a role model, the lawyer believes it's crucial to be the type of professional others would like to emulate. He states, "If you want to be successful in the field of the field of law, you must to be well-informed and current on any legal developments that pertain to the area you want to practice in." He says that it is crucial for new professionals to locate mentors who can help them navigate the beginning stages of their career.