SECURITIES ENFORCEMENT AND LITIGATION

Arnold & Porter LLP has one of the leading securities enforcement and litigation practices in this complex area of law. Our practice is international in scope, and more than 60 lawyers in our various offices bring a wealth of experience to the table for our clients. Our team is comprised of former members of the US Securities and Exchange Commission (SEC) staff, US Department of Justice (DOJ) attorneys, assistant US attorneys, and other lawyers who have litigated precedent-setting securities matters. Together, we carry forward a tradition of excellence in securities enforcement and litigation representation that dates to the founding of our practice by one of the authors of the seminal SEC antifraud rule, Rule 10b-5.

Our clients include public companies and their subsidiaries, accounting firms, broker-dealers, investment banks, underwriters, investment advisers, hedge funds, private equity firms, venture capital firms, mutual funds, and law firms. We also regularly represent special committees and audit committees, directors, officers, partners, principals, and employees of such entities. Our experience includes:

• Investigations by the SEC, the DOJ, other federal agencies, Congress, self-regulatory organizations (including the Financial Industry Regulatory Authority (FINRA)), and state regulators;
• Class action securities litigation, shareholder derivative litigation, professional liability litigation, and other civil and criminal litigation;
• Arbitrations involving customer claims and employee disputes in the securities industry;
• Internal investigations; and
• Proceedings before professional licensing and regulatory authorities, including the Public Company Accounting Oversight Board (PCAOB).

The matters we handle involve claims or charges of fraud, breach of fiduciary duty, mismanagement and negligence, and/or securities or regulatory violations, and they arise out of allegations involving improper financial reporting or other public disclosures, accounting errors or irregularities, inadequate internal controls, stock option administration issues, Foreign Corrupt Practices Act (FCPA) violations, insider trading, stock manipulation, and violations of broker-dealer, investment adviser, and investment company regulations. We also provide counseling on disclosure, corporate compliance and governance, D&O insurance, crisis management, and securities and market matters.

Arnold & Porter's experience in this practice area is reflected by our representation of high profile clients in significant matters involving Adelphia, AOL, Charles Schwab, Enron, Fannie Mae, Freddie Mac, Halliburton, the IPO securities litigation, Juniper Networks, Mills Corporation, Motorola (including the Stoneridge case), the mutual fund investment litigation, Prudential Financial, Qwest Communications, Royal Ahold, Wells Fargo, WorldCom, and Xerox. We also represent clients in many important investigations where our representation is not a matter of public record, and our matters have involved companies in virtually every sector of the economy.

Our firm is one of the few in the country with lawyers who have taken a securities class action to jury trial and won a defense verdict that was upheld on appeal and, in another case, won an administrative law trial against the SEC.

Several of our partners have been recognized as leading lawyers in the fields of securities enforcement and litigation and complex business litigation. A full listing of published recognition of Arnold & Porter's practices and partners is available.