- Learn More
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 Win in Major Securities Lawsuit
- July 22, 2022
Litigation partners Kannon Shanmugam, Walter Ricciardi, Geoff Chepiga and Ted Wells were all recognized by The American Lawyer’s “Litigation Daily” column for their win in a significant securities litigation lawsuit.
Representing mining giant Rio Tinto’s former CFO Guy Elliott, Kannon, Walter, Geoff and Ted won a Second Circuit affirmance in a high-profile appellate showdown with the SEC on July 15. In a decision roundly rejecting the SEC’s approach to “scheme liability” in securities cases, the Second Circuit found that false statements and omissions alone can’t form the basis of claims of a scheme to defraud investors.