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What the team is known for Premier securities litigation practice offering undeniable strength to leading public companies across the globe. Unparalleled expertise in handling bet-the-company securities litigation for clients from the financial services industry. Demonstrates huge capacity in the representation of corporate issuers, with notable victories in securities fraud and ERISA class actions, IPO cases, and M&A litigation. Achieves notable success at trial and in settlement negotiations in these areas as a result of the courtroom experience brought to bear by its expert litigators.
Strengths A client comments: "This team is the bar I use to compare every class action counsel. They are very smart, very capable lawyers, and their written work is excellent."
A further source says: "This is the premier team in this area in the United States. They have a depth of experience unmatched in securities litigation."
Another interviewee reports: "The firm is top-notch and the work is excellent. They are very sophisticated, really excellent practical thinkers and problem solvers."
Work highlights Secured an appellate writ of prohibition on behalf of Blackstone Group in a derivative claim brought by investors in Kentucky's Employees Retirement System fund. The suit alleged that the client and other hedge funds unlawfully encouraged the pension fund to invest in inappropriately risky funds while its financial condition was deteriorating. The plaintiffs sought $50 billion in damages.
Notable practitioners
Firm chair Brad Karp is a key contact for securities litigation.