We represented Dr. Manfred Krukemeyer, formerly Chairman and beneficial sole owner of Paracelsus Healthcare Corporation, in a series of shareholder class actions and derivative suits involving allegations of improper accounting and financial reporting in connection with the merger of Paracelsus Healthcare Corporation and Champion Healthcare Corporation. Subsequent to the merger, Paracelsus Healthcare Corporation, the surviving entity, was forced to restate a number of its financial statements. The lawsuits were filed in various jurisdictions, and the shareholder suits were ultimately consolidated in federal district court in Houston, Harris County. The derivative suit was also pending in the same court. After protracted litigation, we obtained a favorable settlement for Dr. Krukemeyer, including a buyout of his long-term employment agreement.