|  | | 2008 News and Press Releases | | |
HEADLINE NEWS:
Securities Practice: Mayer Brown
Denise Oliveira
Securities Law 360. November 20, 2008
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EXCERPT: The nature of securities litigation has changed, according to lawyers from Mayer Brown LLP, who say clients who once faced securities charges from one or two directions are now frequently bombarded with lawsuits and investigations from multiple angles. “Multiheaded, multiagency litigation is what keeps our clients up at night,” said Joseph De Simone, co-leader of the firm’s securities litigation and corporate governance practice group. "A few years ago, it was just class actions, and maybe an SEC investigation. Now, the client can rest assured those will go hand in hand," De Simone said. Added to the mix are increasingly frequent securities fraud investigations by the U.S. Department of Justice and by state attorneys general, he said. What this means for securities litigators is that they have to equip themselves with the resources their clients need, and they need to understand the nuances of multiheaded investigations so they can help their clients make strategic and wise choices, Mayer Brown lawyers said. Law firms have to be ready to provide comprehensive assistance to their clients, said De Simone, whose practice group includes 75 lawyers representing issuers, accounting firms, investment banks, investment advisers, broker-dealers and corporate officers and directors in internal and government investigations, civil and criminal litigation and appeals and legislative initiatives. On one level, this means having lawyers with expertise in a variety of subjects, ranging from civil litigation to SEC regulatory issues and criminal enforcement matters, De Simone said. […] "Our clients know we're going to call on these experts,” De Simone said. The securities litigation lawyers benefit from working with lawyers from other groups at the firm, including the global financial markets initiative and the structured finance practice, he added. |
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