Blank Rome has extensive experience handling all facets of contested federal securities matters including class action and shareholder litigation, as well as enforcement proceedings initiated by government regulators and self-regulatory organizations. Additionally, as part of its practice, Blank Rome attorneys conduct internal reviews of corporation’s and hedge funds’ securities issues, provide litigation advise related thereto and counsel on compliance and best practices matters.
Securities Class Action Litigation
Our attorneys regularly represent clients in class, derivative and individual actions alleging securities fraud, breach of fiduciary duty and other corporate misconduct. We regularly defend public companies and their officers and directors in federal courts throughout the nation in class actions by securities holders under the Securities Act, Securities Exchange Act, and the Investment Company Act. These, “bet the company” cases traditionally pose a significant risk not only to the company, but also to its senior management and directors, who are frequently named as individual defendants. Blank Rome has a proven track record of obtaining favorable results for its clients in these high stakes matters.
Securities Enforcement Proceedings
We have counseled and provided litigation services to a broad array of clients, including issuers, private companies, accounting firms, financial services companies and other market participants, in a full range of proceedings initiated by the Securities and Exchange Commission, the Department of Justice, the Financial Industry Regulatory Authority (FINRA), state securities regulators and attorneys general and other governmental agencies and self-regulatory organizations. These proceedings range from informal inquiries and formal investigations to administrative and judicial enforcement proceedings. Blank Rome has broad and deep experience in matters arising from alleged insider trading, market manipulation, accounting improprieties, disclosure problems and SEC reporting, and violations of the Investment Advisors Act. Importantly, some of our most successful representations in these matters involve preventing an actual enforcement proceeding from being filed, and thus they cannot be mentioned here.
China Securities Litigation Task Force
Blank Rome’s Asia Practice provides experienced legal representation for Asia-based clients doing business in the U.S. and for U.S. clients doing business in Asia, through its offices in Shanghai, New York, Washington, Philadelphia, Los Angeles, Houston, and Delaware. Our Asia-based capital markets practice regularly represents Chinese companies that are listed on the U.S. exchanges.
In the current turbulent environment, many Chinese public companies are becoming targets of shareholder class action and derivative litigation. In response, Blank Rome combined the multi-disciplinary knowledge of its Delaware Chancery Court, D&O insurance, SEC and regulatory enforcement, corporate governance and securities practices, into a task force to effectively deal with the many complex aspects presented by this litigation.
The Task Force members have extensive experience representing many Chinese public companies in numerous industries. The team has handled matters in the U.S. courts, before the SEC and other regulators, including FINRA, through its U.S. offices, while handling fact finding, case management, and client relations through its Shanghai office.