skip to main content

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.

» more

Client News

SDNY Dismisses Securities Claims Against Canaan IPO Underwriters

Paul, Weiss won the dismissal of securities fraud claims brought against our clients, underwriters of an IPO by China-based company Canaan Inc., which manufactures computer hardware used for mining Bitcoin.

» more

Publications

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.

» more

Client News

Carnival Wins Dismissal of Securities Class Action

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.

» more

Client News

Shutterfly Wins Appeal Affirming Dismissal of Securities Class Action

Paul, Weiss achieved a victory for Shutterfly, Inc. when the U.S. Court of Appeals for the Third Circuit unanimously affirmed dismissal of a securities lawsuit against Shutterfly and certain of its officers and directors challenging statements in a proxy statement issued in connection with the 2019 acquisition of Shutterfly by funds managed by Apollo Global Management.

» more

Client News

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.

» more

Awards & Recognition

Client News

Underwriters of Venator’s IPO Win Dismissal of Securities Claims

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.

» more

Client News

Teladoc Secures Magistrate’s Recommendation of Dismissal of Derivative Action

In a decision likely spelling the end of the case, a magistrate judge recommended that a shareholder derivative action against 17 current or former directors and officers of Teladoc Health, Inc. be dismissed with prejudice. Paul, Weiss is defending the Teladoc defendants in the case.

» more

Publications

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.  

» more

Publications

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. 

» more

Publications

Federal District Court Determines That Pharmaceutical Company Has No Standalone Obligation to Disclose Interim FDA Feedback on Form 483

A federal district court dismissed a putative securities class action lawsuit against Nabriva Therapeutics and several of its officers alleging that the company had fraudulently misled investors about its prospects for getting FDA approval for its new drug, CONTEPO.

» more

Client News

Paul, Weiss Wins Dismissal of Securities Class Action Against Ericsson

Paul, Weiss secured the dismissal of a putative securities class action brought against our clients Telefonaktiebolaget LM Ericsson and various Ericsson executives relating to Ericsson’s accounting for various long-term service contracts.

» more

Client News

Paul, Weiss Wins Dismissal of Securities Claims Against CBS Lead Independent Director Arising From Former CEO’s Alleged Sexual Misconduct

Paul, Weiss secured a major victory for Bruce Gordon, the former lead independent director of the board of CBS Corporation, in a putative securities class action arising from former CEO and Chairman Leslie Moonves’ and others’ sexual misconduct.

» more

Publications

Mitigating Securities Litigation Risks Related to the Coronavirus

The spread of coronavirus has disrupted global businesses and triggered severe U.S. stock market declines. These events raise the risk that shareholders will convert these stock drops into litigation. We address the securities litigation risks and suggest steps companies may decide to take to mitigate these risks.

» more

© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy