Securities Litigation and Investigations
Successfully represented Senior Managing Director of leading Equity Research and Trading firm in internal investigation into tipping inside information, resulting in finding that client did not violate any investment-related statutes.
Representing former Managing Director of investment bank in SEC investigation and investigation alleging multiple counts of insider trading.
Successfully represented broker-dealer firm and broker in FINRA arbitration alleging churning and lack of suitability, including obtaining decision recommending expungement of claim from FINRA records.
Represented hedge fund that at one time held $800 million AUM in litigation against SEC, including negotiating favorable settlement after obtaining Court order requiring SEC to amend and refile complaint to address deficiencies raised by motion to dismiss.
Successfully representing hedge fund analyst in internal investigation into insider trading, including persuading management not to take any disciplinary action.
Successfully representing broker-dealer in FINRA Enforcement investigation for alleged excessive service charges, by persuading FINRA not to bring charges after matter was referred to Enforcement Department for legal action.
Shareholder Activism and Corporate Governance Litigation
Represented Ader Investment Management in successful short-slate proxy contest against IGT, Inc. board. Proxy contest coincided with 56% stock price increase related to investment.
Obtained dismissal of all claims in lawsuit seeking hostile acquisition of 49% interest in financial services company by obtaining dismissal of all claims. Belesis v. Hudson Fin. Partners, LLC, No. 650692/2012 (N.Y. Sup. Ct., March 11, 2013).
San Antonio Fire & Police Pension Fund v. Amylin Pharmaceuticals, Inc., et al., 2010 WL 4273171 (Del. Ch. 2010)*: Successfully represented pension fund in precedent-setting challenge to “Proxy Puts,” including post-trial verdict holding majority slate of dissident directors could be elected and approved without triggering Proxy Put and favorable settlements that disabled Proxy Puts in pending and future proxy contests.
Advising several activist funds on proxy fights and related activist campaigns.