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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.
Paul, Weiss Recognized by The American Lawyer for Nikola Securities Class Action Dismissal
- February 10, 2023
Litigation partners Brad Karp, Susanna Buergel and Gregory Laufer were recognized by The American Lawyer’s “Litigation Daily” column on February 10 for winning the dismissal of a high-stakes putative shareholder class action against electric vehicle manufacturer Nikola Corporation and certain current or former officers and directors. Despite the founder’s criminal fraud conviction last fall, U.S. District Judge Steven Logan in the District of Arizona dismissed the case, finding the plaintiffs failed to allege an adequate connection between alleged misrepresentations about the company and investor losses, and failed to adequately allege intent on the part of our clients to commit fraud, among others. Litigation associates Alison Benedon and Meaghan Brennan were also recognized for their contributions to the win.
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