Securities

Battle Brewing Over Subpoena, ‘Intimidation’ in State AGs’ Climate Probe

By Scott Flaherty |

Baker & Hostetler and the Competitive Enterprise Institute may be the face of the energy industry’s first courtroom response to claims that oil companies misled the public about climate change.

Park guests watch as a killer whale flips out of the water at SeaWorld Orlando's Shamu Stadium in Orlando, Fla., on Monday, March 7, 2011.

Simpson Spears SeaWorld Suit Over ‘Blackfish’ Effect

By Jenna Greene |

Did the documentary "Blackfish" hurt attendance at SeaWorld? A federal judge last week ruled that plaintiffs in a putative securities fraud class action couldn't prove that it did.

Litigator of the Week: James Rouhandeh of Davis Polk

By Scott Flaherty |

Rouhandeh’s persistence paid off in lingering litigation tied to $7 billion Ponzi scheme, to the great relief of his law firm client, Proskauer Rose.

John Neuwirth

Litigator of the Week: John Neuwirth of Weil, Gotshal & Manges

By Scott Flaherty |

In his second securities class action win for drugmaker Sanofi this year, Neuwirth dissuaded the Second Circuit from taking a plaintiffs-friendly view of the Supreme Court’s decision in Omnicare.

U.S. Court of Appeals for the Second Circuit.

The Day Gibson Dunn Took Over the Second Circuit

By Jenna Greene |

It was practically Gibson, Dunn & Crutcher day at the U.S. Court of Appeals for the Second Circuit on Thursday.

Delaware Court of Chancery.

M&A Litigation Isn’t Dead—Though Bottom Feeders May Lose Out

By Jenna Greene |

Not all plaintiffs lawyers are bemoaning a series of decisions from the Delaware Chancery Court cracking down on disclosure-only M&A settlements.

Leaping Litigators: February’s Biggest Lateral Moves

By Jenna Greene |

It’s the shortest month of the year, but February saw plenty of big-time lateral action. Here are some that caught our eye.

Matthew Larrabee, left, and Joshua Hess, right.

After an Eight-Year Fight, Dechert and Quinn Knock Out Class Against Schwab

By Jenna Greene |

Schwab was sued for investing too aggressively during the financial crisis. The key question for Judge Lucy Koh: Was the suit precluded by the Securities Litigation Uniform Standards Act?

Mark Cuban.

Why the SEC Must Wish It Never Went After Mark Cuban

By Jenna Greene |

When some people beat charges by the U.S. Securities and Exchange Commission, they just want to put the whole ordeal behind them. Then there’s Mark Cuban.

Gabriel Colwell.

SEC to Squire Patton Boggs Client: Sorry, Never Mind

By Jenna Greene |

When the U.S. Securities and Exchange Commission sued Squire Patton Boggs client Haijian Luo in Manhattan federal court for insider trading in June 2015, it seemed like an open-and-shut case. Except the SEC got it wrong.

Meet Simpson Thacher’s New Litigation Co-Head

By Jenna Greene |

Securities litigator Jonathan Youngwood is stepping up to co-head the litigation practice at Simpson Thacher & Bartlett, the firm announced Monday. What are his plans for the 200-plus lawyer group?

They’re Baa-aack: Securities Class Actions Jump

By Jenna Greene |

Securities class action filings last year hit the highest level since 2008, according to a new report. What's behind the numbers?

Shout-Out: Skadden Spearheads Appellate Win for DuPont in Shareholder Suit

By Jenna Greene |

A team from Skadden, Arps, Slate, Meagher & Flom led the way in securing an appellate victory for E. I. du Pont de Nemours & Co., affirming the dismissal of a shareholder derivative lawsuit that accused current and former DuPont directors of breaching their fiduciary duty.

Shout-Out: Weil Kicks Securities Fraud Class Against Sanofi

By Jenna Greene |

A team from Weil, Gotshal & Manges won dismissal of a securities fraud class action against French drug giant Sanofi, which was accused of using an illegal kickback scheme to pump up sales of its diabetes drugs.

Stuart Singer, left, and David Barrett, right.

Litigators of the Week: Stuart Singer and David Barrett of Boies Schiller

By Susan Beck |

In the latest settlement tied to so-called feeder funds that funneled money to Bernie Madoff, PricewaterhouseCoopers agreed to pay $55 million to investors.

Why 2016 May Be a Rough Year for Litigation

By Jenna Greene |

For litigators, 2016 may be less than happy, according to big-picture forecasts from legal consultants. But at the practice-specific level, lawyers are focused on more tangible shifts and trends.

Kannon Shanmugam of Williams & Connolly.

Litigator of the Week: Kannon Shanmugam of Williams & Connolly

By Susan Beck |

To vacate the conviction of a former bond trader who had admitting to lying to investors, Shanmugam pressed a bold argument: Lots of bond traders lie.