Securities Litigation

Calfee’s securities litigation attorneys have extensive experience defending clients in securities fraud class actions, SEC enforcement investigations and related derivative suits.  We follow and participate in developments in SEC enforcement and the securities class action bar, and understand the interplay between the boardroom and shareholders whether for public, private or closely-held corporations.

Securities fraud class actions including:

  • Officers and directors of publicly-traded medical equipment manufacturer in related securities fraud and ERISA class actions alleging fraud and breaches of fiduciary and other duties in regard to disclosures regarding regulatory compliance programs.
  • Publicly traded insurance company in securities class action arising out of successful merger.
  • Utility company in four separate securities class actions regarding tax and accounting issues.
  • Private equity fund in securities class action arising out of successful merger.
  • Underwriters in IPO-related securities fraud class action.
  • Accounting officer in class action alleging securities fraud based on disclosure and accounting issues; obtained complete dismissal.
  • Former executive of financial company in class action alleging securities fraud.

SEC and other regulatory enforcement actions including:

  • Publicly traded company in oil and gas industry in FCPA investigation by SEC, resulting in close-out letter, with no further action, from SEC.
  • Former executive of financial company in SEC investigation.
  • Publicly traded financial institution in FINRA investigation.
  • Publicly traded financial institution in SEC investigation.
  • Accounting officer of publicly traded manufacturing company in SEC enforcement action alleging securities fraud based on accounting issues
  • Officer of investment advisory firm in SEC investigation.
  • Publicly traded coatings company in SEC investigation resulting in closing of investigation with no further action by SEC.

Individual shareholder and derivative actions in state and federal courts including:

  • Publicly traded insurance company in derivative action arising out of successful merger.
  • Officers and directors of publicly traded medical equipment manufacturer in shareholder derivative action alleging breaches of fiduciary duties in regard to regulatory compliance programs.
  • Current and former outside directors of publicly traded financial institution in shareholder derivative suits alleging breaches of fiduciary duty and violations of federal securities laws.
  • Directors of publicly traded company in shareholder derivative action alleging stock option back-dating.
  • CEO of publicly traded company in shareholder derivative action arising out of restatement of financials.
  • Accounting officer of publicly traded manufacturing company in shareholder derivative action regarding accounting and disclosure issues; obtained complete dismissal of claims.
  • Former outside directors of privately held company in action alleging breaches of fiduciary duties tied to equity investments and debt offerings.