Paul, Weiss is widely recognized as having one of the nation’s preeminent securities litigation and regulatory practices. For two decades, our lawyers have guided global corporations and financial institutions through a series of “bet-the-company” securities-related crises, consistently reducing or eliminating their most damaging claims and negotiating favorable resolutions.
Client News
Goldman Sachs Wins Supreme Court Appeal in Securities Class Action
Paul, Weiss won an 8-1 victory at the U.S. Supreme Court representing the Goldman Sachs Group and former executives in a case that may have significant implications for plaintiffs’ ability to achieve class certification in putative securities class actions.
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Second Circuit Affirms Dismissal of Securities Fraud Lawsuit Against Danske Bank and Former CFO
Paul, Weiss achieved a significant victory when the Second Circuit affirmed the dismissal with prejudice of all claims in a securities class action brought against our client Henrik Ramlau-Hansen, the former CFO of Danske Bank.
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Blackstone Funds Win Dismissal of Derivative Action
Paul, Weiss achieved a significant victory for certain funds affiliated with The Blackstone Group in the Delaware Court of Chancery when the court dismissed with prejudice a consolidated derivative lawsuit brought by purported stockholders of Zimmer Biomet Holdings, Inc.
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Kraft Heinz Savings Plan Trustees and Company Officers Win Motion to Dismiss ERISA Class Action
Paul, Weiss achieved a significant victory for certain current and former trustees of The Kraft Heinz Company’s savings plan and Kraft Heinz officers.
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EDNY Dismisses Securities Suit Against Henry Schein
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Paul, Weiss won the dismissal, with prejudice, of a securities fraud lawsuit against our clients Henry Schein, Inc., a global distributor of medical and dental supplies and Steven Paladino, Henry Schein’s executive vice president and COO.
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Underwriters of Macquarie Offering Win Dismissal of Securities Class Action
Paul, Weiss won the dismissal of securities fraud claims against Barclays Capital Inc., underwriters of a secondary public offering by Macquarie Infrastructure Corporation in November 2016.
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Supreme Court Holds That Courts Must Consider “All Evidence” Relevant to Price Impact in Securities-Fraud Class Actions
The Supreme Court recently held that courts must consider the generic nature of alleged misstatements when determining whether those statements affected a stock’s price—and thus whether a presumption of class-wide reliance on those statements is warranted.
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Citigroup Wins Dismissal of Aiding and Abetting Claim In Delaware Chancery Court
Paul, Weiss won the dismissal of a claim that our client, Citigroup, aided and abetted alleged breaches of fiduciary duty in its role as a financial advisor to Tesaro, an oncology-focused biopharmaceutical company.
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Carnival Wins Dismissal of Securities Class Action
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Paul, Weiss achieved a significant victory for Carnival Corp. & plc, the world’s largest cruise operator, and Carnival’s CEO, Arnold Donald, when the U.S. District Court for the Southern District of Florida granted a motion to dismiss a securities class action complaint alleging that defendants had defrauded investors in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
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Paul, Weiss Receives Benchmark Litigation’s “Impact Case Award”
Paul, Weiss was recognized with a 2021 “Impact Case Award” by Benchmark Litigation as part of its annual U.S. awards program.
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Morgan Stanley Wins Dismissal of Class Action Concerning U.S. Treasury Securities Trading
Paul, Weiss achieved a major victory for Morgan Stanley when District Judge Paul G. Gardephe of the Southern District of New York dismissed a class action against several financial institutions that participate in the auction and trading of securities issued by the U.S. Treasury.
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Underwriters of Venator’s IPO Win Dismissal of Securities Claims
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Paul, Weiss secured the dismissal of Securities Act claims against our clients, underwriters of an IPO by UK-based pigment maker Venator Materials PLC, when the New York Supreme Court dismissed a putative class action as time-barred.
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Teladoc Secures Recommendation of Dismissal of Putative Securities Class Action
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Paul, Weiss achieved a significant victory for Teladoc Health Inc. and certain individual defendants when U.S. Magistrate Judge Barbara Moses of the Southern District of New York recommended, for the second time, that putative securities class action claims against the company be dismissed with prejudice.
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Update: Mitigating Securities Litigation Risks Related to the Coronavirus
As an update to our earlier alert, “Mitigating Securities Litigation Risks Related to the Coronavirus,” we look at key takeaways from the first two securities fraud class action filings related to COVID-19 disclosures and outline additional steps companies can take to mitigate the risks associated with COVID-19-linked shareholder litigation.
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SEC Charges Company with COVID-19-Related Securities Fraud, Reaffirming its Focus on Public Statements and Disclosures Relating to COVID-19
The SEC recently brought its first enforcement action arising out of the COVID-19 pandemic. The action reaffirms the Commission’s laser focus on companies’ statements concerning, and responses to, the pandemic.
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