Securities Litigation & Enforcement
Bruce A. Ericson
Sarah A. Good
Pillsbury's Shareholder Litigation practice is nationally ranked by Legal 500 US, a leading independent guide that interviews clients to compile its rankings.
For decades Pillsbury successfully has defended companies and their personnel in securities class actions, derivative suits, corporate governance disputes and regulatory enforcement proceedings. We have defended securities cases in federal and state courts around the country and regularly practice in the leading jurisdictions for securities litigation, including New York, California and Delaware.
Our clients range from Fortune 100 companies with years of experience in the securities markets to small high-tech companies new to public ownership. We represent issuers, underwriters and auditors, as well as directors, officers and major shareholders. Our clients come from a multitude of industries, ranging from banking and biotech to computers, energy, finance, health care, insurance, Internet, media, medical devices, pharmaceuticals, real estate, securities underwriting and telecommunications.
We have a strong record of success at all stages of litigation. We have won many motions to dismiss and for summary judgment. We have extensive experience with the leading arbitral tribunals, including FINRA. While securities trials are quite rare (well under 1% of cases are tried), our team includes accomplished trial lawyers with superb track records in front of judges and juries. Our team also includes appellate attorneys who have experience in the Supreme Court and all circuits of the US Court of Appeals as well as the appellate courts of the leading states.
In addition to defending lawsuits, we work with our corporate and transactional lawyers to advise companies on disclosure issues and to conduct internal investigations for audit committees and special litigation committees. Our internal investigations cover the gamut from investigations prompted by regulators examining the sale of pre-IPO shares on the secondary market to investigations instigated by whistleblowers emboldened by the Sarbanes-Oxley Act. This work gives us a very practical understanding of how information flows within corporations and how companies deal with their auditors and the investment community.
Our lawyers have extensive experience responding to formal and informal inquiries and proceedings brought by the Commission’s Division of Enforcement and have a strong record of convincing the SEC’s staff to conclude investigations without enforcement action.
Because securities class actions can lead to grand juries and criminal prosecutions, our team includes former Assistant U.S. Attorneys who defend both companies and officers and directors in grand jury investigations, regulatory enforcement proceedings and trial.