Securities Litigation and Regulatory Enforcement
Chadbourne’s securities litigators represent both institutions and individuals in virtually all types of securities-related matters, from federal and state shareholder class actions to investigations by the Securities and Exchange Commission, state securities regulators or one of the exchanges, claims under state law (including derivative claims) and securities industry arbitrations. Our litigators have handled a wide array of substantive issues, including trading disputes, clearing firm issues, bankruptcy issues, fraud claims including those under Rule 10(b)(5), fidelity bond and other insurance claims, securitizations, suitability, churning and other customer claims.
Our clients include issuers and their officers and directors, underwriters, broker-dealers, investment banks, commercial banks, and accounting firms. While Chadbourne litigators are proud of their ability successfully to bring cases to verdict, we frequently obtain dismissals or favorable settlements of cases, minimizing the cost and distraction to management caused by protracted litigation. Moreover, our experience and credibility with federal and state regulators have enabled us to obtain optimal results for clients involved in securities-oriented investigations.
Representative Experience
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Fraud Claims Defense
Major Insurance Brokerage Firm
Defense of a major insurance brokerage firm in a series of class action and securities fraud claims filed in the wake of the collapse of an equipment leasing company accused of selling nearly $1 billion of sham securities.
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Securities Fraud Defense
Isolagen, Inc.
Defense of the officers and directors of a biotechnology company in securities fraud class-action litigation and derivative suits arising out of the company’s efforts to obtain FDA approval for a certain dermal treatment process.
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Securities Fraud Litigation
Rickel Home Centers, Inc.
Defense of some officers and directors and a shareholder of a company in securities fraud litigation in New York federal court, resulting in a ruling denying class certification to the original plaintiff and imposing $45,000 in sanctions against plaintiff’s counsel.
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IPO-Related Class Action
Major Telecommunications Company
Defense of a telecommunications company against a consolidated class action arising out of alleged securities fraud committed in connection with numerous IPOs.
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Suit Over Failed Buy-Out
Major Consumer Products Company
Defense of securities fraud claims against a consumer products company filed against it by a private equity firm after the failure of a proposed buy-out of the company.
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Attempted-Takeover Fraud Claims
American Brands, Inc.
Defense of a corporation against securities fraud class actions and shareholder derivative actions that arose out of its successful defense against an attempted takeover.
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SEC Fraud Investigation, DOJ Indictment, and Class Action and Derivative Lawsuit
Richard Scrushy
Advice to former CEO in $150 million asset freeze proceeding, criminal case alleging Sarbanes-Oxley Act violations, and in multiple class and derivative actions involving accounting fraud.
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[ more representative experience ]
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