855.846.6529 tmiles@timmileslaw.com

(JRT/FLN) (D. Minn.) (Tunheim, J.) (Plaintiff’s Counsel) Mr. Miles served as Plaintiffs’ counsel in this shareholder derivative action against the Board of Directors of The St. Paul Travelers Companies, Inc. (“SPT”) alleging breaches of fiduciary duties over the company’s use of “contingent commission.” The case resulted in a settlement requiring the company to adopt significant corporate governance changes. In approving the settlement the Court stated: “The Court finds that the enhanced corporate governance provisions are a direct result of this litigation and settlement and will create substantial non monetary benefits to SPT.”