Practice Areas

Securities and Investment Management

LLFW has extensive experience in securities-related litigation matters. The firm, and several of the firm’s attorneys while at other law firms, have represented issuers, corporate directors and officers, and underwriters in class action and other litigations under the federal securities acts and state law. The firm also routinely represents non-party witnesses in connection with depositions, document subpoenas, and other matters related to securities litigation. Some of the specific matters that LLFW has handled are these:

  • LLFW recently defended a major broker-dealer in an NASD arbitration brought by a large institutional investor whose portfolio manager had purchased structured derivative investments and collateralized mortgage obligations from the bank, and who later asserted that the investments were “unsuitable” for the investor and that the bank and its salesperson should have known as much.
  • The firm represented the private banking division of a well-known financial institution in a trial in federal district court in New York against the debtors on a promissory note who counterclaimed for damages based on the alleged commercially unreasonable disposition of their stock in a publicly-traded company, which collateralized the loan.
  • In a major securities class action in federal district court in New York, LLFW represented the issuer and five of its officers and directors against claims arising from an allegedly false and misleading prospectus in an initial public offering.