McHugh, Stephen M.

David B. Zlotnick has prosecuted consumer fraud and securities fraud class actions as well as shareholder derivative actions for over twenty years. Mr. Zlotnick is presently lead class counsel in Wide World Tours vs. Avis, No. 817548 (S.D. Super.) and a companion case against The Hertz Corporation on behalf of travel agents who claim that were underpaid commissions. In recent years, he served as co-lead counsel in, among other matters, Levine v. Metal Recovery Technologies, Inc., et al., No. 96-525 JFF (D.Del.), a securities fraud class action and Aiello, et al. v. First Alliance Corporation, No. 98-5486 (D. N.J.), a consumer fraud class action on behalf of home owners who refinanced their mortgages through the defendant corporation, which settled for over $80 million.

Mr. Zlotnick was previously lead class counsel in Freeman v. Palace Casinos, Inc., 4-94-889 (D. Minn.), which settled for $2,150,000; In re U.S. Healthcare Securities Litigation, No. 88-0559 (E.D. Pa.), in which a settlement worth $5,500,000 was obtained; and Ossmann v. Diana Corp., No. 4-92-976 (D. Minn.), in which settlements were reached totaling $7,056,000. He was also formerly co-lead counsel in derivative actions relating to Pinnacle West Capital Corporation, Zitin v. Turley, No. 89-2061 (D. Ariz.) (settlement of $27,625,000); and Public Service Company of New Mexico, Kaplan v. Geist, No. 89-1033 (D. N.M.) (class and derivative settlement of $33,000,000); as well as co-lead class counsel in Geist v. Arizona Public Service Co., No. 87-1172 (D. Ariz.) ($7,000,000 settlement); In re New York City Shoes Securities Litigation, No. 87-4677 (E.D. Pa.) ($1,750,000 settlement); and Sherin v. Gould, 115 F.R.D. 171 (E.D. Pa. 1987) ($1,575,000 settlement). He has acted as co-counsel in numerous other consumer fraud, securities fraud, and shareholder derivative actions.

Mr. Zlotnick is a 1980 magna cum laude graduate of the Temple University School of Law, where he was Articles Editor of the Temple Law Quarterly. Mr. Zlotnick was the recipient of a Barenkopf Scholarship and the Corpus Juris Secundum Award presented by the law faculty to the student who made the most significant contribution to legal scholarship. Following his graduation from law school, Mr. Zlotnick served as Law Clerk to the Honorable Stanley S. Brotman of the United States District Court for the District of New Jersey. After working briefly as an associate in the litigation department of a major Philadelphia law firm, Mr. Zlotnick joined the Haverford, Pennsylvania firm of Greenfield & Chimicles, where he actively participated in the prosecution of numerous securities fraud actions, including Kimmel v. Peterson, 565 F.Supp 476 (E.D. Pa. 1983); and In re Cantanella & E.F. Hutton Securities Litigation, 583 F.Supp. 1388 (E.D. Pa. 1984). Mr. Zlotnick was also the principal trial and appellate counsel in Eisenberg v. Gagnon, 766 F.2d 770 (3rd Cir), cert denied, 474 U.S. 946 (1985), a securities fraud class action arising from the promotion of a coal tax shelter.

Mr. Zlotnick is admitted to practice before the Supreme Courts of California and Arizona as well as numerous federal courts.

He began working with Krause & Kalfayan in 1998 and is presently Of Counsel to the firm.