Ex-Faruqi Attys Launch Del. Securities Litigation Boutique

By Cara Salvatore (April 29, 2014, 6:09 PM EDT) -- Two class action specialists formerly with Faruqi & Faruqi LLP, which is currently embroiled in a high-profile sex discrimination suit, told Law360 Tuesday that they've branched off to create their own firm focused exclusively on the securities and shareholder sphere.

Peter Andrews and Craig Springer opened Andrews & Springer LLC for business earlier this month and have already filed their first shareholder actions. The team — including associate David Sborz — met while Andrews was running Faruqi's Wilmington, Del., outpost and said they decided to join forces when they noticed headroom in the market for their areas of expertise.

"We saw an...

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