A Dynamic Win Against Securities Fraud Charges
On the eve of trial, a Silicon Valley technology company brought us in as substitute counsel and we took over their legal defense in securities fraud litigation that had been lingering for several years. The plaintiff – a former president of a tech company our client purchased in 1999 – claimed more than $12 million in damages stemming from restrictions on his ability to sell stock options received as part of an employment agreement.
After a fast paced five-week trial, the jury delivered a full defense verdict with the trial judge awarding our client almost $750,000 in attorneys' fees. The decision was upheld on appeal. The company also recovered a significant portion of unreimbursed litigation costs in a mediated settlement with insurers.