Securities, Derivatives & Transactional Litigation

Securities/Derivatives Litigation & Enforcement    Securities, Derivatives & Transactional Litigation
 

Securities/Derivatives Litigation & Enforcement

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Covington regularly represents clients in high-stakes securities, derivative, and transactional litigation matters.  A committed group of senior litigators specialize in securities litigation, including a former Chief Litigation Counsel for the SEC’s Division of Enforcement, a former head of the SEC's San Francisco office, a former U.S. Attorney for the Eastern District of New York, two former Chiefs of the Securities Fraud Units in the U.S. Attorney's Offices in Manhattan and San Francisco, and several additional former prosecutors who are active in our White Collar Defense & Investigations practice.

Our securities, derivative, and transactional litigators handle cases in courtrooms across the country, before arbitration panels, and in bankruptcy court.  Our practice focuses principally on three areas:

Securities Litigation.  We represent issuers, underwriters, indenture trustees, investment managers, and corporate officers and directors in shareholder class action lawsuits and other litigation concerning stock offerings, corporate bonds, asset-backed securities such as collateralized debt obligations (“CDOs”), and other financial products.  We also represent parties in disputes over commodities swaps and other derivative instruments.  Our securities litigators combine expertise in financial and securities markets with knowledge of novel and complex financial instruments.

Shareholder Derivative Litigation.  We provide advice to corporations and special litigation committees in connection with shareholder demands to bring derivative claims.  We also defend directors and officers in shareholder derivative litigation.

Transactional Disputes.  Our litigators are experienced in handling tender offer, proxy, and other change-of-control litigation.  We also handle post-transaction disputes, including purchase price and indemnity disputes, and litigation over “busted” deals.

On a highly selective basis, we also prosecute securities law and breach-of-duty claims on behalf of institutional investors.

Our litigators work closely with members of the firm’s preeminent insurance policyholder practice to address the D&O and other insurance coverage issues that frequently arise in complex shareholder and business litigation.

Representative Matters

Accolades

  • Chambers USA, Securities (2012)
    • Enforcement: Bruce Baird and David Kornblau
  • Chambers USA: Litigation/White Collar Crime & Government Investigations (2012)
    • Stephen Anthony, John Nields and Alan Vinegrad
  • The Daily Journal
  • Legal 500 US , Securities: Shareholder Litigation (2012)
    • David Kornblau and William Phillips
  • Legal 500 US, White Collar Criminal Defense (2012)
    • Bruce Baird, Jason Criss, David Kornblau, Nancy Kestenbaum, Matthew O’Connor, and Alan Vinegrad
  • Best Lawyers in America (2013)
    • Corporate Compliance: Bruce Baird, David Bayless, Len Chazen, Philip Howard, and David Martin
    • Criminal Defense - White Collar: Stephen Anthony, Bruce Baird, Haywood Gilliam, Nancy Kestenbaum, Mark Lynch, John Nields, Ethan Posner, and Alan Vinegrad
  • Best Lawyers in America “Lawyer of the Year” (2012)
    • David Bayless, Corporate Compliance Law, San Francisco
  • Who’s Who Legal, Business Crime Defence (2012)
    • John Nields, Ethan Posner, Jason Raofield, and Alan Vinegrad
  • Northern California Super Lawyers (2013)
    • Securities Litigation: Tammy Albarrán and David Bayless
    • Criminal Defense - White Collar: Haywood Gilliam
  • Washington DC Super Lawyers (2012)
    • Criminal Defense - White Collar: Stephen Anthony, John Hall, and Ethan Posner

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Contacts

bbaird@cov.com
202.662.5122

dbayless@cov.com
415.591.7005

dkornblau@cov.com
212.841.1084

cphillips@cov.com
212.841.1081