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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York, San Francisco and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.
Allan Arffa, Jeff Recher, Andy Bouchard and Bob Kravitz Recognized by The American Lawyer for Illinois Supreme Court Win
- December 2, 2022
Litigation partners Allan Arffa, Jeff Recher and Andy Bouchard and counsel Bob Kravitz were named sole runners up for “Litigator of the Week” by The American Lawyer for their complete victory at the Illinois Supreme Court on behalf of privately held data analytics company Mu Sigma, Inc., and its founder and CEO Dhiraj Rajaram in a long-running lawsuit brought by former Mu Sigma investor Walworth Investments. In a unanimous decision, the court reversed an Illinois Appellate Court decision that had reinstated fraud and breach of fiduciary duty claims brought by Walworth, and affirmed the trial court ruling dismissing the case, ending a hard-fought litigation that lasted nearly seven years.
Walworth had been seeking nearly $650 million in damages, claiming it was misled into selling its stake in the company for less than it was worth by allegedly false statements made to a Walworth principal by Mr. Rajaram. However, the Paul, Weiss team successfully demonstrated that the stock repurchase agreement, “considered as a whole, reveals a clear disclaimer of reliance by the plaintiff on extracontractual statements made by the defendants,” as the Illinois Supreme Court noted. Allan Arffa argued the appeal.
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