Securities Litigation LITIGATION/CONTROVERSY

We defend federal and state securities claims against entities and individuals, and derivative and other claims against corporations and their officers and directors. These claims address areas such as prospectus and other disclosure obligations, restatements, mutual fund trading and marketing, broker-dealer duties to clients and counter-parties, fiduciary duties and insider trading. Many of the over 300 securities class actions that we have defended have been for technology companies (including high-tech, biotech and pharmaceutical companies). We also have substantial experience in representing investment banks, broker-dealers and other securities industry participants, investment advisory and mutual fund companies, life insurance and other financial services firms, REITs, and retailers. In recent matters, our lawyers have:

  • Defended mutual fund advisers in the consolidated Market Timing multidistrict litigation (MDL) proceedings, class and institutional investor claims regarding investment advisor fees, and class actions concerning mutual fund marketing practices
  • Taken a leadership role in the defense of over 300 consolidated securities class actions—the IPO Laddering Litigation—and separately obtained the dismissal of class actions against an underwriter challenging IPO allocations and alleged IPO flipping
  • Represented an investment bank in its successful appeal to the Second Circuit of a $164.5 million jury verdict for losses sustained in a nondiscretionary currency trading account

For more on our securities practice, please see our Securities Department pages.

Contacts

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Weiss, Harry J.

Harry J. Weiss

Chair, Securities Litigation and Enforcement Practice Group

+1 202 663 6993 (t)

harry.weiss@wilmerhale.com

Publications & News

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March 13, 2013

Securities: Certiorari Petitions Denied

WilmerHale compiles lists of certiorari petitions that raise securities-law issues. This page contains a consolidated list of all denied petitions, organized in reverse chronological order by date of certiorari petition.

March 13, 2013

Securities: Certiorari Petitions Granted

WilmerHale compiles lists of certiorari petitions that raise securities-law issues. This page contains a consolidated list of all granted petitions, organized in reverse chronological order by date of certiorari petition.

March 13, 2013

Securities: Certiorari Petitions Pending

WilmerHale compiles lists of certiorari petitions that raise securities-law issues. This page contains a consolidated list of all pending petitions, organized in reverse chronological order by date of certiorari petition.

October 18, 2012

CFTC Heightened Enforcement Activity

On October 5, 2012, the Commodity Futures Trading Commission (Commission or CFTC) announced fiscal year 2012 enforcement statistics and case highlights, and identified for practitioners and market participants the Division of Enforcement’s (Division) likely 2013 priorities.1 In addition to fraud-based actions, the announcement brought attention to cases involving allegations of manipulation, false reporting, wash trades, exceeding position limits, and deficient customer fund safeguards and supervision obligations.

October 1, 2012

Keeping Current with Form 8-K: A Practical Guide 2012

We have prepared this Guide to assist public companies in understanding and complying with the Form 8-K reporting requirements. This Guide describes Form 8-K primarily from the perspective of a U.S. operating company that has a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 (the “Exchange Act”) and that is not a shell company, a smaller reporting company, a foreign private issuer, an asset-backed issuer or an investment company.

August 31, 2012

The 2013 Best Lawyers in America® List Includes 101 WilmerHale Lawyers

July 20, 2012

CFTC's Final Rule on the End-User Exception to the Mandatory Clearing of Swaps

June 7, 2012

Chambers USA 2012 Final Results Announced

June 1, 2012

Massachusetts DOR Issues Final Directive on Restrictions on Pledges of Security Corporation Stock

May 3, 2012

US and UK Regulators Provide Guidance on Anti-Corruption Controls