Securities Class Actions and Parallel ERISA Class Actions
Attorneys in the firm’s securities and shareholder litigation practice group have broad experience in all aspects of securities class actions, including cases alleging securities fraud under the Securities Act of 1933 and Securities Exchange Act of 1934, and matters involving compliance with a myriad of other state and federal securities laws. Cases defended by this group have included actions asserting purported disclosure violations arising from alleged accounting fraud, financial restatements, insider trading, projections and forecasts, internal controls failure, and merger integration issues, among many others. Our attorneys have had extensive experience defending issuers, officers and directors, and underwriters in these complex suits. We have extensive experience litigating against the most active plaintiff securities class action law firms in the nation, including Coughlin Stoia Geller Rudman & Robbins, LLP and Milberg, LLP. We have a record of success in challenging class action complaints at the motion to dismiss stage, as well as at the class certification stage.
As necessary, our attorneys in this practice work with lawyers in other areas as part of a coordinated, multidisciplinary ERISA and Other Benefits Litigation Practice Group to provide clients with comprehensive legal services regarding disputes involving ERISA, including actions brought under ERISA that mirror the factual allegations of parallel securities fraud class actions. Our securities litigation lawyers work closely with our White Collar Criminal Defense Practice Group in connection with Securities Exchange Commission actions and with our Corporate/Securities Practice Group in connection with fiduciary duties, corporate governance, internal investigations and special board committee work. They also work with our Insurance Coverage Litigation Practice Group in connection with director and officer indemnification and insurance coverage issues. The support of expert practitioners in such varied areas of the law greatly enhances the strength and efficiency of the firm's securities class action defense practice.