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Thomas S. Richey
W. Scott Sorrels

In further securities class action cases, we have:

  • Defended a computer equipment manufacturer and its principals for alleged fraud-on-the-market; the class representative withdrew after aggressive class discovery.
  • Defended issuer in class and derivative action concerning allegedly fraudulent proxy statement.
  • Defended underwriters in connection with alleged fraudulent secondary stock offering.
  • Defended underwriters against fraud-on-the-market class claims in connection with alleged fraudulent stock offerings.
  • Defended law firm class actions concerning three failed industrial revenue bond issues.
  • Defended operator of failed retirement home financed with $12,000,000 in industrial revenue bonds in initial issue fraud-on-the-market class action.
  • Defended former company president in class action in which CFO admitted to falsifying financial statements, which inflated company's stock prices on national exchange.
  • Served as special trial counsel to Fortune 500 company in $300,000,000 class action concerning alleged manipulation of trading on national exchange.
  • Defended accounting firm in fraud-on-the-market class action alleging manipulation of stock price through fraudulent financial statements.
  • Brought suit for a target company under the Williams Act to defend against a hostile tender offer.
  • Represented FDIC as intervenor in bank holding company securities and derivative action and as defendant in securities, commodities and ERISA litigation.
  • Defended financial institution for alleged fraud in connection with offerings of limited partnerships; settled for nominal amount, prior to multi-million dollar judgement against defendants.
  • Defended law firm in class action asserting fraud in connection with forced sale of securities.
  • Served as counsel for special committee in opposition to tender offer and auction of company.
  • Tried dissenting shareholders stock valuation proceedings.
  • Represented a brokerage firm and an institutional investor in a reported derivative action against NYSE-listed companies concerning the failure to consummate a merger and complete the second stage of a stock acquisition following a successful tender offer
  • Defended an ESOP trustee in nationally prominent hostile take-over litigation.
  • Represented listed company in connection with derivative action involving alleged misrepresentations; obtained dismissal of case.
  • Represented privately held company in shareholder dispute; negotiated settlement along with sale of the company.
     
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