Securities Litigation

We aggressively represent both plaintiffs and defendants in securities litigation.

Plaintiffs. We have litigated numerous cases for clients such as institutional investors, funds of funds, pension funds, litigation trusts, and lenders when they had claims of up to hundreds of millions of dollars against brokerage firms, accounting firms, hedge fund managers, and other institutional defendants. Our cases have included representation of:

Corficolombiana (formerly Corporacion Financiera del Valle), a Colombian investment bank, in a successful arbitration against Merrill Lynch arising out of Merrill Lynch's loss of two promissory notes.
The Litigation Advisory Board of the Granite Funds, for which we obtained $77 million in settlements from Bear Stearns, DLJ, and Merrill Lynch in a case arising out of the liquidation of complex derivative securities.
Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF), one of the nation's largest retirement funds, which opted out of a securities class action and negotiated a separate settlement before the class action was dismissed.
A French private investor in her disputes with a U.S. advisor over improper investments, including ones made by the advisor into offshore funds.
Major institutional investors and labor unions in litigations involving proxy disclosure violations and shareholder resolutions.
Major institutional investors, funds of funds, pension funds, and individuals who lost more than $580 million in the Lancer hedge funds against the funds' auditor, administrators, and prime broker/custodian.
Investors who lost many millions of dollars in the Beacon Hill hedge funds against the manager, its parent, and the funds' administrators and auditor, as well as the joint official liquidators of the failed funds against the managers, auditor, administrator, and counterparty dealers.

Defendants. We have defended companies and their officers and directors in both class and non-class actions. Our representations have included:

Directors and officers in the multidistrict MTC Electronic Technologies Shareholder Litigation.
Eighteen former directors of the Connecticut Resource Recovery Authority in a class action arising from a $220 million loss on a transaction with Enron.
Converse Inc. in one of the first cases brought under the Private Securities Litigation Reform Act.
Directors and officers of Cyrk International, Inc. in a federal class action lawsuit.
Companies in their capacity as non-party witnesses in the SEC's investigation of a major U.S. company.
Hedge fund managers in disputes with their service providers and investors.