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.
In CalPERS v. ANZ Securities, the Supreme Court ruled that the filing of a class action does not toll the Securities Act’s three-year statute of repose.
Paul, Weiss achieved a significant victory for Wilmington Trust Company in a lawsuit concerning $300 million in notes issued by Global Marine, Inc.
Paul, Weiss achieved a significant victory for Pretium Resources, when the Second Circuit Court of Appeals issued a decision affirming the dismissal of a class action complaint alleging that Pretium had defrauded investors.
Second Circuit Confirms that Statements of Opinion Need Not Be Accompanied by Disclosure of All Underlying Conflicting Information
On Tuesday, May 1, 2018, Paul, Weiss obtained a significant victory for Pretium Resources Inc. when the United States Court of Appeals for the Second Circuit affirmed dismissal of a securities fraud class action against Pretium.
The U.S. Supreme Court recently resolved a split among state and federal courts about whether the Securities Litigation Uniform Standards Act of 1998 divested state courts of jurisdiction over class actions asserting claims under the Securities Act of 1933. The Court held that the Act did not divest state courts of jurisdiction or alter the bar on removal of claims from state to federal court. In light of this decision, we expect that shareholders will continue to file class actions asserting only Securities Act claims in state courts across the country.
- White Collar & Regulatory Defense
- Securities Litigation
- Susanna M. Buergel
- Jessica S. Carey
- Andrew J. Ehrlich
- Roberto Finzi
- Michael E. Gertzman
- Michele Hirshman
- Brad S. Karp
- Daniel J. Kramer
- Gregory F. Laufer
- Lorin L. Reisner
- Audra J. Soloway
- Richard C. Tarlowe
- Chand Edwards-Balfour
- Cameron S. Friedman
- Arianna Markel
The Supreme Court held yesterday that individuals who have reported alleged misconduct internally, but not to the SEC, are not covered by the anti-retaliation provisions of the Dodd-Frank Act, resolving a circuit split on the question. The Court’s decision in Digital Realty Trust Inc. v. Somers could have a significant impact on potential whistleblowers and employers.
Paul, Weiss secured the dismissal of securities class action stemming from a stock offering by Horizon Pharma PLC.
Paul, Weiss secured an affirmance of the dismissal of a New York state court action for breach of fiduciary duty against Silverpeak Real Estate Partners LP, which had been filed by investors who purchased Lehman real estate assets that later lost value.
Paul, Weiss successfully defended pharmaceutical company Intra-Cellular Therapies, Inc. and individual officers of the company in a securities class action filed in the Eastern District of New York. Shareholders’ counsel voluntarily agreed to dismiss the complaint.