Securities Litigation

Michael Dube, Jack Cinquegrana, John Baraniak, Stu Glass, Macey Russell, Mike Gass, Diana Lloyd

Publications & Events

Supreme Court’s Halliburton Decision May Significantly Impact Securities Litigation

Michael Dube and Michael Gass on Case Affecting ERISA Stock-Drop Claims in Law360

Diana Lloyd and Jacqueline Mantica on Binding Corporate Plea Agreements in Law360

Michael Gass Speaks on Libor

2014 Best Lawyers in America

Michael Gass in Corporate Board Member on 10b5-1 Plans and Insider Trading

Michael Gass, Stuart Glass and Kevin Quigley on Libor Litigation in Law360

Michael Gass Profiled in Securities Law360

Life Sciences Companies Should Protect Themselves Against Increased Exposure to Costly Securities Fraud Lawsuits After Supreme Court Decision

Stuart Glass on Lawyer-Accountant Collaboration in the Boston Business Journal

Michael Gass Speaks on Employing a Functioning Special Committee

Diana Lloyd, Michael Gass, Jack Cinquegrana and Stuart Glass on Whistleblower Trends in Law360

Stuart Glass on Answering Demand Letters in BoardIQ

Current Supreme Court Case Highlights Life Sciences Companies’ Vulnerability to Securities Fraud Lawsuits

Michael Dube, Michael Gass and William Asher on the Fiscal Cliff in Law360

Robert Jahrling and Michael Gass on Special Committees in Law360

Michael Dube Joins Choate as a Partner

2013 Best Lawyers in America

Michael Gass and Stuart Glass on Future LIBOR Litigation in Corporate Counsel

Michael Gass Quoted in Forbes on SEC's Plan to Track Trades

Wal-Mart Investigation Demonstrates the Importance of Having an Effective FCPA Compliance Program

Michael Gass and Jennifer Tracy on Management Conflicts in Acquisitions in Law360

Michael Gass Quoted on Ruling Defining “Domestric Transaction” for Securities in Massachusetts Lawyers Weekly

Spotlight Interview of Stuart Glass in the Boston Business Journal

  • legalTV
  • A current Supreme Court case has the potential to radically change the securities litigation landscape.  Read more…

  • Over 70% of equity partners named Best in America by Best LawyersRead more...

  • toggle

    Choate’s expertise covers the spectrum of securities fraud cases, including DOJ investigations, SEC investigations and enforcement actions, and private class action and derivative litigation.  We have successfully defended many companies and individuals in a variety of cases involving revenue recognition, insider trading, market manipulation, market timing and stock option dating practices.  We currently represent companies, special committees and individuals in a number of options dating cases. 

 

Securities Litigation

"this well-established team enjoys a well-earned reputation for its intellectual approach to complex legal matters"

Chambers USA

Preeminent Securities Litigation Practice

Preeminent practice in representing public companies, officers and directors, investment advisers, private equity funds and hedge funds in securities cases across US, including:

  • Private shareholder class action and derivative litigation
  • Internal investigations and special committee representations
  • SEC investigations and proceedings and white collar defense
  • Merger and acquisition litigation
  • Mutual fund litigation

Investigations for Boards of Directors 

Trusted by more than two dozen corporate boards of directors or their committees to provide corporate governance advice and conduct investigations into sensitive matters, often in response to shareholder derivative demands:

  • Investigated wide range of alleged misconduct by company officials or employees, including FCPA issues, insider trading, revenue recognition, financial reporting, lack of internal controls, accounting practices, stock option backdating and antitrust compliance
  • Advised Boards and Special Committees regarding fiduciary duties in overseeing management and in M&A context, including defense of shareholder fiduciary claims

SEC Investigations and White Collar Defense   

Extensive experience in a broad range of litigation and criminal and civil investigations by the Department of Justice, SEC, FINRA and other state and federal government offices and agencies:

  • Investigated and/or defended matters involving healthcare fraud, financial fraud, insider trading, revenue recognition, financial statement disclosures, foreign corrupt practices, Regulation FD, false claims and whistleblower (qui tam) defense 
  • Successful at convincing authorities not to bring claims or charges against our corporate and individual clients

M&A Litigation

Expertise in representing public companies, officers, directors and investment banks against shareholder cases challenging negotiated transactions:

  • Defended more than a dozen cases in California, Delaware, Florida, Illinois, Maryland, Massachusetts, New York and Pennsylvania where plaintiffs sought to enjoin M&A transactions based on claims that the board of directors breached their fiduciary duties by engaging in an unfair deal process, for selling the company at an unfair price, and for failing to disclosure material information 
  • All transactions closed on time and with no increase in deal price

Mutual Fund Litigation   

Leader in defense of claims brought against investment advisers and trustees:

  • Defended investment advisers, independent trustees and senior management, and mutual funds in more than twenty class actions, derivative cases and SEC investigations in state and federal courts across the country
  • Defended against claims concerning the redemption of auction rate securities, market timing and late trading, inadequate disclosure, inflated net asset values, and under the Investment Company Act of 1940 for payment of allegedly excessive investment advisory fees, improper revenue sharing and distribution expenses

Bench Strength   

Comprehensive team of lawyers expert in securities works to protect your interests.  Lawyers throughout practice areas consistently receive national recognition for excellence.  Named “Go To Firm” in Litigation in 2012 in Who Represents America’s Biggest Companies.

Veteran Former Prosecutors

Partners in the group are former Assistant US Attorneys with extensive trial experience.

National Reach    

Lawyers appear before federal and state courts and government agencies and in arbitrations across the United States and internationally.

Leading US Law Firm

One of nation’s leading law firms for over a century.

Shareholder Class Action and Derivative Litigation

Choate partners are highly experienced in complex securities cases brought under the Securities Act of 1933, the Securities Exchange Act of 1934, other federal statutes and state law.  We have consistently succeeded in having cases derailed early through motions to dismiss, avoiding costly and time-consuming discovery.  Recent representations include:

  • Major technology company asserting auction rate securities claims against international financial institution
  • Real estate investment trust/depositor in residential mortgage-backed securities case brought by foreign hedge funds for alleged false and misleading representations regarding the securities
  • Former CEOs of two companies accused of securities fraud for not disclosing “secret deals” companies allegedly had with underwriters
  • Manufacturing company and its directors in obtaining dismissal of litigation accusing defendants of misrepresenting sales orders
  • Former president and CEO of computer software and services company accused of securities violations in recognizing and reporting company’s revenues
  • Former controller of video conferencing equipment manufacturer in matter involving revenue recognition issues
  • Former senior executive of major bank in SEC insider trading investigation
  • Major communications company in multiple class action and derivative litigations involving alleged stock option backdating
  • Senior officer of a multinational conglomerate in ERISA class action
  • Fortune 500 insurance company in class action alleging fraud and breach of contract
  • Nation’s largest mortgage lender and its board of directors and senior management in obtaining dismissal of class action and derivative lawsuits concerning the collapse of the credit markets in which plaintiffs sought more than $2 billion in damages
  • Fortune 100 company in books and records case under Delaware law where institutional shareholder sought access to executive compensation records
  • Senior officers of major software company in securities class actions and SEC investigation
 

Thank you for reaching out to contact Choate. Before you send your message, we wanted to make sure you are aware of the following. Please do not send any confidential information in response to this link. Sending an e-mail to Choate does not give rise to an attorney-client relationship, and will not be deemed to disqualify Choate from undertaking any engagement for a current or future client.  Before any attorney-client engagement may be formed, Choate will need to check for possible conflicts of interest, you will need to consider whether you wish to retain Choate as counsel, and we will need to consider whether we wish to accept the potential engagement. In the meantime, Choate reserves the right to represent parties with interests adverse to you.

AcceptDecline