Daniel Chiplock Co-Authors Piece in Support of the SEC’s Continued Use of Disgorgement for the Harvard Law School Forum on Corporate Governance

Daniel Chiplock Co-Writes Essay in Support of SEC Disgorgement Power

Lieff Cabraser partner Daniel P. Chiplock, along with Tyler Gellasch of the Healthy Markets Association and Andy Green of the Center for American Progress, wrote a piece published by the Harvard Law School Forum on Corporate Governance in support of the Securities & Exchange Commission’s continued ability to compel disgorgement as a remedy in financial fraud cases. The Supreme Court is set to hear oral argument in March on whether the SEC may continue seeking disgorgement,  compelling giving-up of all ill-gotten gains—in civil enforcement proceedings. [Read more…]

Michael Miarmi to Discuss Delaware Investor Law Issues at Council of Institutional Investors Webinar

Michael Miarmi Delaware Law Webinar

Lieff Cabraser partner Michael Miarmi will be presenting a webinar entitled “Delaware Law Update: What Investors Need to Know” for the Council of Institutional Investors on Wednesday, June 26, 2019 from 3:30-4:30pm. The webinar will feature a panel discussion that explores the critical role Delaware law plays in shaping business, both in the United States and around the world, as a result of its advanced general corporation law and dedicated business court, the Delaware Court of Chancery. [Read more…]

$320M Wells Fargo Derivative Suit Settlement Granted First Round of Approval

Securities Fraud

A California federal judge has granted preliminary approval to a proposed $320 million settlement that would end shareholders’ derivative litigation relating to Wells Fargo’s fake accounts scandal. Plaintiffs in the suit, including the Fire & Police Pension Association of Colorado and the City of Birmingham Retirement and Relief System allege that since at least 2011, the Board and executive management of Wells Fargo knew or consciously disregarded that its employees were illicitly creating millions of deposit and credit card accounts for their customers, without those customers’ consent, in order to meet aggressive sales goals. [Read more…]

Bruce Leppla to Speak at the Investment Company Institute 2016 General Meeting

Bruce Leppla to Speak at the Investment Company Institute 2016 General Meeting

Lieff Cabraser attorney Bruce W. Leppla will be speaking at the Investment Company Institute’s May 19, 2016 General Meeting on “Non-Traditional Approaches to Antitrust and Securities Litigation.” Mr. Leppla and his partners represent institutional investors in investment loss recovery in circumstances where such losses are due to fraud or serious corporate misconduct. He will discuss the Credit Default Swap and Foreign Exchange (FX) antitrust litigation as well as creative legal approaches that have been used to resolve securities opt-out litigation matters. As one Lieff Cabraser client said, “the days of leaving money on the table are over.” [Read more…]