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Securities Litigation

The Goulston & Storrs Securities Litigation Group assists corporations, investment banks, officers and directors, broker-dealers, private equity firms, investment advisers, accountants, lawyers and other professionals in a wide array of securities litigation matters throughout the United States. We counsel clients with investigations and lawsuits initiated by self-regulatory organizations, individual and class action plaintiffs, contests for control, expedited preliminary injunctions, complex litigation and suits initiated by shareholders. Additionally, our team is experienced in civil RICO actions. We have an outstanding record in obtaining the dismissal of cases at the pleadings stage, often before the costs and intrusions of discovery occur.

Our clients come from a wide range of industries including high technology, Internet and e-commerce, investment management, manufacturing, medical technology, multimedia communications and retail. The group is multi-disciplinary and draws upon the sophisticated experience of attorneys within our emerging technologies and venture capital, corporate, litigation and tax groups. Client teams collaborate to develop customized strategies addressing issues which maintain the integrity of both the corporate structure and litigation strategy. We assist clients in the following areas:

  • Corporate governance, including Sarbanes-Oxley
  • Federal and State Securities Law Compliance
  • Officer, Director and Shareholder duties
  • Securities class action suits
  • Securities fraud
  • SEC and stock exchange investigations and enforcement actions
  • RICO actions

Representative Projects and Transactions

  • Defense of numerous proceedings before the SEC and state regulators in connection with investigations of fraud and other securities law violations.
  • Defense of securities class action claims against issuers and directors of issuers in Massachusetts and nationally.
  • Represented public and private companies before the Delaware Chancery Court in disputes asserting breaches of fiduciary duties and related claims.
  • Represented shareholders in a number of disputes over control and ownership of closely held businesses.
  • Defense of publicly traded companies in series of short-swing profit derivative actions.
  • Represented special committees of directors investigating allegations of insider trading, stock option back-dating, and other violations of securities laws.
  • Defense of private equity firms in shareholder class actions brought in connection with “going private” mergers.
  • Defense of investment adviser groups in shareholder class actions and derivative suits, alleging market-timing.

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