Free Consultation: (610) 621-4550Tap to Call This Lawyer
Adam Savett

Adam Savett

Savett Law Offices, LLC
  • Consumer Law, Securities Law, Antitrust Law ...
  • District of Columbia, New Jersey, Pennsylvania, Virginia
Badges
Claimed Lawyer ProfileQ&ASocial MediaResponsive Law
Summary

Adam Savett is a complex litigator who represents small businesses, institutional investors, and government entities, in securities, antitrust, consumer protection, and other complex litigation. Recently, Adam was named one of the 100 Lawyers You Need to Know in Securities Litigation by Lawdragon Magazine. He has published a number of articles and original research pieces on class action and securities litigation topics and is also a member of the National Association of Public Pension Attorneys (NAPPA), the Professional Liability Underwriting Society (PLUS), SIFMA's Corporate Actions Division, the American Bar Association (ABA), and the Hedge Fund Business Operations Association (HFBOA). Adam is a nationally recognized expert on complex litigation. He is a frequent speaker, author, and commentator on securities litigation and class actions. His comments have appeared in a wide variety of publications, such as The New York Times, Wall Street Journal, CFO Magazine, and Pensions & Investments.

Practice Areas
  • Consumer Law

    Class Action, Lemon Law

  • Securities Law

  • Antitrust Law

  • Business Law

    Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes

Additional Practice Area
  • Telemarketing Abuse
Fees
  • Free Consultation
  • Contingent Fees
Jurisdictions Admitted to Practice
District of Columbia
District of Columbia Bar
Placeholder image for jurisdictions.
New Jersey
Placeholder image for jurisdictions.
Pennsylvania
Placeholder image for jurisdictions.
Virginia
Placeholder image for jurisdictions.
D.C. Circuit
Placeholder image for jurisdictions.
Languages
  • English: Spoken, Written
Professional Experience
Managing Partner
Savett Law Offices, LLC
- Current
CEO & Founder
TXT Capital, LLC
- Current
Director of Securities Class Actions
Claims Compensation Bureau, LLC
-
Director, Securities Class Action Services
MSCI / RiskMetrics Group / Institutional Shareholder Services (ISS)
-
Senior Associate
Mehri & Skalet, PLLC
-
Associate
Cohen Milstein Sellers & Toll PLLC
-
Associate
Finkelstein Thompson LLP
-
Associate
Savett Frutkin Podell & Ryan
-
Education
Villanova University School of Law
J.D.
-
Villanova University School of Law Logo
American University
B.A. | Broadcast Journalism
-
Placeholder image for education.
Awards
Top Contributor - Class Actions
Avvo
Top Contributor - Class Actions
Avvo
Top 5% most viewed profile
LinkedIn
Top Contributor - Class Actions
Avvo
National Finalist - Leading Lawyers in America
Lawdragon Magazine
Top 100 Legal Blogs
LawSchool.org
Top 2500 Blogs
ABA Journal
100 Lawyers You Need to Know in Securities Litigation
Lawdragon Magazine
Professional Associations
Hedge Fund Business Operations Association
Member
- Current
Placeholder image for professional associations.
SIFMA's Corporate Actions Division
Member
- Current
Placeholder image for professional associations.
National Association of Public Pension Attorneys
Member
- Current
Placeholder image for professional associations.
Professional Liability Underwriting Society
Member
- Current
Placeholder image for professional associations.
District of Columbia Bar
Member
- Current
Placeholder image for professional associations.
American Bar Association
Member
- Current
Placeholder image for professional associations.
Publications
Articles & Publications
Securities Class Action Trials in the Post-PSLRA Era
TXT Capital
Update on the Options-Backdating Class Actions
TXT Capital
A Billion Here, A Billion There: Solving the Historical Data Problem and Recouping More in Securities Litigation
RiskMetrics Group
SCAS 50 for 2008
RiskMetrics Group
The Subprime Meltdown Heads to Court
RiskMetrics Group
The Importance of Best Practices & Procedures in Securities Class Action Settlements
HFMWeek
SCAS 50 for 2007
RiskMetrics Group
Globalization in Securities Class Actions
RiskMetrics Group
Securities Class Action Services SCAS 50 Power Rankings
RiskMetrics Group
Accountability Goes Global: International Investors and US Securities Class Actions
Institutional Shareholder Services
Current Trends In Motion Practice In Federal Securities Class Actions
23rd Annual Institute On Federal Securities
Some Recent Developments In Securities Litigation
22nd Annual Institute On Federal Securities
Speaking Engagements
Securities Litigation Post-Halliburton , 11th Annual National Directors & Officers Insurance ExecuSummit
ExecuSummit
D&O: Regulatory, Enforcement & Securities Litigation Update , 10th Annual National Directors & Officers Insurance ExecuSummit
ExecuSummit
Securities Class Actions: Nuisance or Opportunity? , FRT Webinars
FRT
The Evolving Securities Class Action Industry , FRT Webinars
FRT
Websites & Blogs
Website
Website
Legal Answers
61 Questions Answered

Q. If I sign a bank loan application and it states we intend to service your loan am I to understand I am approved?
A: It likely does not mean that. Don't worry, it doesn't mean you weren't approved either. You see there are different parts of a loan - origination and servicing. Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Loan servicing is the process by which a company collects interest, principal, and/or escrow payments from a borrower. Another way to look at it is that loan servicing covers essentially everything after disbursement of the funds until the loan is fully paid off. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae. Because GSEs and private loan investors typically do NOT service the mortgage loans that they purchase, the bank who sells the mortgage will generally retain the right to service the mortgage pursuant to a master servicing agreement. That is likely what the statement referred to. Good luck.
Q. what happens under section 641 of evidence code if you did not receive the mail that was claimed to have been mailed
A: Evidence Code section 641 creates a rebuttable presumption that a properly addressed letter has been received. The plain language makes that clear - "A letter correctly addressed and properly mailed is presumed to have been received in the ordinary course of mail." The effect of a rebuttable presumption impacts the burden of producing evidence, like the presumption that a letter correctly addressed and properly mailed has been received (Evid. Code, § 641), “is to require the trier of fact to assume the existence of the presumed fact [that the letter has been received] unless and until evidence is introduced which would support a finding of its nonexistence [that the letter has not been received], in which case the trier of fact shall determine the existence or nonexistence of the presumed fact from the evidence and without regard to the presumption.” (Evid. Code, § 604.) The rebuttable presumption that a letter correctly addressed and properly mailed has been received (Evid. Code, § 641) “disappears” and “has no further effect,” once there is evidence sufficient to support a finding that the letter was not mailed. (Evid. Code, § 604; Coffey v. Shiomoto 60 Cal.4th 1198, 1209-1210 (2015)) At that point, the trier of fact must “‘weigh the denial of receipt against the inference of receipt arising from proof of mailing and decide whether or not the letter was received.’” (Coffey v. Shiomoto, at 1210). In other words, the statute presumes that the letter, if properly addressed and mailed, was received. You have the burden to try and prove that it was not sent. Without knowing the details of what was allegedly sent to you, and allegedly not received by you, it is tough to say how you could do this. But, if for example, you were allegedly sent a check, and the office manager of the business that sent you the check explains the process for sending and recording outgoing checks, and that company's records don't line up with what they say the procedure is (e.g. not recorded in the check register, no copy of the accompanying letter in the client file, etc.) then your burden MIGHT be met. But it is a high burden. Best of luck.
Q. what happens if i did not receive a letter that was claimed to be sent without tracking under section 641 of California
A: Evidence Code section 641 creates a rebuttable presumption that a properly addressed letter has been received. The plain language makes that clear - "A letter correctly addressed and properly mailed is presumed to have been received in the ordinary course of mail." The effect of a rebuttable presumption impacts the burden of producing evidence, like the presumption that a letter correctly addressed and properly mailed has been received (Evid. Code, § 641), “is to require the trier of fact to assume the existence of the presumed fact [that the letter has been received] unless and until evidence is introduced which would support a finding of its nonexistence [that the letter has not been received], in which case the trier of fact shall determine the existence or nonexistence of the presumed fact from the evidence and without regard to the presumption.” (Evid. Code, § 604.) The rebuttable presumption that a letter correctly addressed and properly mailed has been received (Evid. Code, § 641) “disappears” and “has no further effect,” once there is evidence sufficient to support a finding that the letter was not mailed. (Evid. Code, § 604; Coffey v. Shiomoto 60 Cal.4th 1198, 1209-1210 (2015)) At that point, the trier of fact must “‘weigh the denial of receipt against the inference of receipt arising from proof of mailing and decide whether or not the letter was received.’” (Coffey v. Shiomoto, at 1210). In other words, the statute presumes that the letter, if properly addressed and mailed, was received. You have the burden to try and prove that it was not sent. Without knowing the details of what was allegedly sent to you, and allegedly not received by you, it is tough to say how you could do this. But, if for example, you were allegedly sent a check, and the office manager of the business that sent you the check explains the process for sending and recording outgoing checks, and that company's records don't line up with what they say the procedure is (e.g. not recorded in the check register, no copy of the accompanying letter in the client file, etc.) then your burden MIGHT be met. But it is a high burden. Best of luck.
View More Answers
Contact & Map
Main Office
2764 Carole Lane
Allentown, PA 18104
Telephone: (610) 621-4550
Cell: (216) 406-0278
Fax: (610) 978-2970