Attorneys in the securities litigation group at Clark Hill handle a wide range of actions arising under federal and state securities law in trial and appellate courts. Clark Hill represents companies and their directors and officers in litigation by stockholders asserting claims under federal and state securities law, stockholder derivative litigation, corporate governance and control disputes, proxy contests and minority shareholder oppression. Our securities litigators have experience representing broker/dealers, principals and registered representatives in NASD arbitrations throughout the United States and in securities compliance, regulatory and disciplinary proceedings before the Securities and Exchange Commission, National Association of Securities Dealers and state securities commissions. We also represent institutional and individual investors in claims brought pursuant to federal and state blue sky laws.
Clark Hill represents corporations, officers, directors and shareholders who are defending or bringing claims relating to false and misleading statements in violation of federal or state securities laws. We frequently represent corporations, directors and officers and investors in suits alleging violations of Section 10b of the U.S. Securities Exchange Act of 1934 and comparable state securities acts. The Firm represents broker/dealers and registered representatives in NASD securities arbitrations throughout the United States. We represent broker/dealers and investors in suitability claims for all types of financial products.
Representative cases include a claim by shareholders of a target corporation acquired by a public company where two-thirds of the purchase price was paid in stock of the public company which was inflated due to false and misleading financial statements. Our securities litigators recently obtained a verdict of dismissal on behalf of an Internet bond broker/dealer following an NASD securities arbitration in Los Angeles, California where the investor sought over one million dollars plus punitive damages. We achieved a very favorable settlement during trial on behalf of a bank which had been sold inappropriate securities-based bank owned life insurance policies to fund supplemental executive retirement plan obligations. We have appeared before the Securities and Exchange Commission, self-regulatory organizations and state securities commissions in connection with formal investigations, audits, administrative proceedings and informal inquiries.
We have counseled and represented investment advisors and banks and trust companies handling managed securities’ accounts for investors. Our securities litigation attorneys regularly handle stockholder derivative claims and other actions involving claims of breach of fiduciary duty by and against corporations and their directors and officers.