Our securities litigators are among the most respected and experienced practitioners in the profession.
Our Firm has a culture of hands-on case management, so our partners closely supervise and actively work on our cases. News and Best Lawyers annual “Best Law Firms” survey.
at-the-money options, with an exercise price equal to the market price on the grant date, were the most popular form of share-based compensation.
Companies typically used the alternative intrinsic value method to value those options; with a grant-date intrinsic value of zero, the company recognized no compensation expense. 123(R), companies have had to recognize an expense equal to the option’s grant-date fair value.
When weighing the pros and cons of various compensation awards, CPAs should help companies consider factors such as the potential dilutive effect on earnings per share, the accounting costs of competing alternatives and the tax implications to both employer and employee. The injunction was affirmed in every respect by a unanimous Beaumont Court of Appeals, and the Banks did not pursue further appellate remedies. We are proud to say that of our clients were ever charged with any criminal or regulatory violations of the securities laws despite the white-hot attention of the press and Congress. The following cases are selected examples of our recent appellate experience: Huntsman Corporation v. As a part of our fast-track strategy in the Huntsman takeover litigation (see fuller description in "Securities Litigation"), we obtained a temporary injunction prohibiting Credit Suisse and Deutsche Bank from interfering with Huntsman's right to present a solvency certificate at closing, a document that was required to trigger funding of the merger. We not only prevailed on the appeal, we did so in a way that effectively precluded any effort by the Banks to obtain a subsequent summary judgment against Huntsman, because we persuaded the court that there was sufficient evidence to establish Huntsman's right to an injunction. Our clients testified multiple times to regulators, prosecutors, and investigators – but were always witnesses and never targets.In re: LIBOR-Based Financial Instruments Antitrust Litigation We represent Fannie Mae against Barclays and other major financial institutions in dispute concerning the suppression of the London Interbank Offered Rate (LIBOR). The firm also succeeded in obtaining summary judgment on behalf of its client in related California state court investor litigation and successfully defended that ruling on appeal. Securities Litigation We represented one current and two former officers of Dynegy in the litigation following the financial setbacks experienced by that company. After the defendant’s motion to dismiss our client’s claims was denied by the United States District Court for the Southern District of Texas, the case settled favorably. During our representation of the Outside Directors of Enron’s Board, we handled groundbreaking litigation in the district court and the United States court of appeals concerning the interpleader of insurance policies.