Securities & Corporate Governance Lawyers | McDermott Lawyers

Securities Litigation

Overview


What would you do if your company faced shareholder class action and derivative lawsuits, a Securities and Exchange Commission (SEC) investigation or a corporate governance dispute? What if you encountered all three simultaneously? With the complexity of securities and governance law, you need a trusted partner by your side who understands both the legal and business implications of the issues that are raised by shareholders and regulators.

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Results


Shareholder Class Action Litigation

  • Representation of current and former members of senior management of PG&E Corporation and its subsidiary, Pacific Gas and Electric Company, in a number of derivative and class actions arising out of the 2017 and 2018 California wildfires.
  • Obtained dismissal of Section 10(b) Exchange Act and Section 11 Securities Act claims against a global accounting firm based on Omnicare decision.
  • Obtained dismissal of Section 10(b) class action claims against accounting firm based on Omnicare decision audit firm.

Corporate Governance Litigation

  • Represented five officers of PG&E Corporation (PG&E) and its subsidiary, Pacific Gas and Electric Company, including the chairman, CEO, president and CFO of PG&E, and the president, CFO, treasurer and controller of the subsidiary, in several derivative actions. These cases arise out of the 2010 San Bruno pipeline accident.
  • Representation of a multi-nation-owned movie theater chain and their special litigation committee in responding to shareholder class and derivative action relating to related-party transactions.
  • Representation of representative of sellers of Biotech Company in connection with declaratory judgment action related to sale of company for $750 million to Sanofi Pasteur. Successfully opposed motion to dismiss on jurisdictional grounds.

Investment Management Litigation

  • Representation of a major interdealer brokerage firm in various arbitrations and civil litigations arising out of a global corporate raid by a competitor, including a 4-1/2 month jury trial. BGC paid Tullett approximately $100 million to settle the then outstanding litigations
  • Representation of an investment manager in connection with wind-up of funds and related US- and Cayman Island-based litigation, as well as state and federal regulatory investigations.
  • Representation of investment managers and their employees in connection with a number of unrelated investigations by the SEC and FINRA. Investigations were focused on possible insider trading and market manipulation, as well as possible violations of the Investment Advisers Act of 1940.

People


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