CONTI FENN LAWRENCE

Securities Litigation and Enforcement Practices

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Conti Fenn & Lawrence LLC represents clients in SEC and DOJ investigations alleging financial fraud, accounting irregularities, disclosure and internal control deficiencies, insider trading, Ponzi schemes, foreign corrupt practices, and other misconduct. CFL also represents clients in matters before FINRA, the CFTC, state securities regulators, and numerous other financial regulators and SROs. When necessary, CFL attorneys aggressively litigate regulatory matters and have extensive experience in managing multiple litigation fronts, such as parallel criminal and SEC investigations, state regulatory investigations, and private litigation. CFL’s clients include broker-dealers, investment banking firms, hedge fund advisers, private equity funds, independent investment advisors, investment bankers, officers and directors of publicly traded companies, and individual traders.

CFL primarily represents defendants in private securities litigation, including class actions, shareholder derivative actions, and FINRA arbitrations. However, CFL’s independence permits our attorneys to serve clients who need to sue businesses or financial professionals when necessary. Serving as both defense and plaintiff counsel provides our attorneys with unique insight in adversarial proceedings. In our plaintiff’s-side practice, CFL obtained an $80.8 million award for consequential damages against a major international bank for a claim involving auction-rate securities. This award is the largest consequential damages claim in FINRA’s history, and it is the largest reported consequential damages award or verdict in the United States.

Notable Engagements:

  • Successfully defended financial services professionals and executives in several separate SEC investigations concerning, among other things, insider trading, accounting fraud, false performance reporting, naked short selling, and violations of MBR rules.
  • Obtained an $80.8 million FINRA arbitration award on behalf of Kajeet, Inc.; the award is the largest consequential damages claim in FINRA’s history, and it is the largest reported consequential damages award or verdict in the United States.
  • Successfully defended the former Board Chairman of a public company in a shareholder derivative lawsuit.
  • Successfully defended institutional consultants in federal court TRO proceeding concerning alleged violations of non-solicitation agreements and Protocol for Broker Recruiting; successfully resolved follow-on FINRA arbitration concerning same allegations.
  • Successfully defended financial services firm in FINRA arbitration alleging fraud, failure to supervise, and other sales practice abuses; the case was the first to be dismissed under FINRA’s then-new restrictive motion to dismiss rule.

Practice Group Leader

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