Chadbourne’s Securities Litigation and Regulatory Enforcement Group has represented entities and individuals in a wide range of securities-related matters throughout the United States. The group’s clients have included public and private corporations, accounting firms, banks, brokerage firms and directors and officers of public and private companies. Chadbourne lawyers have litigated virtually every type of securities case, including numerous class action and derivative cases. In addition to representing clients in civil securities litigation matters, we have broad experience representing clients in regulatory enforcement matters. Our work has included matters of all kinds, including those involving accounting irregularities, allegedly improper financing or tax shelter schemes, financial fraud and defalcation of investor funds. We also conduct internal corporate investigations and compliance reviews on behalf of clients, including public companies and financial institutions of all types. The Securities Litigation and Regulatory Enforcement Group’s work is supported by Chadbourne’s other distinguished litigation and corporate practices. Our interdisciplinary approach insures that clients are serviced in the most efficient and effective manner.
Dismissal of Complaint Against YPF, S.A.
All claims were dismissed against our client, YPF, in a consolidated shareholder class action filed in the Southern District of New York. The complaints alleged violations of the Securities Act of 1933 and the Securities Exchange of 1934 based on YPF’s alleged failure to inform the market of risks in connection with a March 2011 offering.
Dismissal of Shareholder Derivative Case Against Telecom Directors and Officers
Chadbourne obtained dismissal of a shareholder derivative action against officers and directors of Sprint-Nextel Corp. The case was one of several parallel derivative actions brought in state and federal courts in Kansas and New York alleging breach of fiduciary duty by Sprint’s directors and officers in connection with Sprint’s alleged underpayment of New York state sales taxes.
Chadbourne Prevails in Class Actions in Delaware, New York
Chadbourne represented GLG Partners Inc., a New York Stock Exchange company and regulated investment manager, and certain of its directors, in class actions in New York and Delaware brought by public shareholders who sought to enjoin a US$1.6 billion merger with Man Group plc, a British fund manager. A settlement was reached, allowing the merger to close
Chadbourne Represents Directors and Officers in Fraud Class Action Against HQ Sustainable Maritime
Chadbourne represented the officers and directors of HQ Sustainable Maritime Industries, Inc., which produces and markets health products derived from marine-based raw materials located in China, in federal securities class actions in Washington and Delaware. Litigation arose from a dispute between the company and its auditors, and HQ’s resulting inability to file audited financial statements with the SEC.
Tom McCormack is co-chair of Chadbourne's commercial litigation practice, with over 30 years of experience handling complex commercial, securities and class action litigations. During the course of his career, he has tried a wide range of cases, involving multi-billion dollar energy supply...