Mary K. Blasy is a graduate of California State University, Sacramento (B.A. Government and Economics, 1996) and UCLA School of Law (J.D., Corporate Law Concentration 2000). While in law school, Ms. Blasy served as Editor-in-Chief of the UCLA Law Journal of Environmental Law and Policy and as a Judicial Intern to the Honorable Edward Rafeedie of the U.S. District Court, Central District of California. Ms. Blasy’s principal practice is complex securities and corporate governance and other representative litigation.
Ms. Blasy has been responsible for initiating and prosecuting some of the largest shareholder actions in recent years, including the insider trading class action brought against Martha Stewart Living Omnimedia, Inc. months before the government brought its criminal insider trading action (resulting in a $30 million recovery to a purchaser class); a shareholder class action for breach of fiduciary duties brought on behalf of Clayton Homes stockholders when Clayton Homes was taken private in a $1.2 billion acquisition by Berkshire Hathaway (resulting in a $5 million recovery to class members); and a securities class action against Tenet Healthcare following revelations that Tenet had exploited loopholes in the Medicare and Medicaid regulations (settled in 2006 for $216 million). Other securities class actions Ms. Blasy prosecuted include class actions against the Sprint Corporation (settled in 2003 for $50 million plus important corporate governance therapeutics) and Coca-Cola Co. (settled in 2008 for $137.5 million). Ms. Blasy also initiated and prosecuted shareholder derivative actions against the executives of companies charged with violating the nation's environmental, labor, health & safety and securities laws to restore shareholder value, including Regions Financial Corporation (excessive executive compensation), BAE Systems plc (Foreign Corrupt Practices Act violations), BP PLC (environmental law and health & safety law violations), Hewlett-Packard, Inc. (boardroom pretexting scandal), The Royal Dutch Shell Group of Companies (securities law violations including overstating reported oil reserves), Electronic Data Systems (securities law violations), and Merck & Co., Inc. (securities law violations). Heralded by institutional investors for empowering shareholders to reign in corporate malfeasance and increase transparency and corporate accountability, the successful prosecution of these shareholder derivative actions has been widely recognized by corporate governance experts and courts as conferring billions of dollars in added shareholder value through tailored governance therapeutics designed to prevent future harm and prevent future governance failures.
Ms. Blasy is admitted to practice by the Supreme Court of the State of California, all California United States District Courts and the federal courts of appeal for the Ninth Circuit and the District of Columbia. Ms. Blasy serves on the Executive Committee of the San Francisco Bar Securities Litigation Section and has lectured concerning securities litigation, corporate governance, and privacy rights to law school students and attorneys as part of continuing legal education.