Quinn Emanuel Urquhart & Sullivan, LLP handles both defense and plaintiff work in the securities litigation arena, giving it a balanced insight into what it takes to settle a case effectively. The firm secured billions of dollars for clients in litigation concerning mortgage-backed securities in the wake of the global financial crisis, and continues to handle fraud, market manipulation, and insider trading case, as well as a slew of matters under the Securities Act of 1933 and the Securities Exchange Act of 1934. Led by partners Harry Olivar and Jeremy Andersen in Los Angeles, and New York-based partners Daniel Brockett, Jonathan Pickhardt and Andrew Rossman, the practice is a frequent adviser to investment banks, Fortune 500 companies, hedge funds and broker-dealers. Brockett recently secured a $580m settlement for Torus Capital in a case against major banks concerning stock loan transactions, in which plaintiffs allege that there was a conspiracy to underpay stock lending institutions and overcharge investors. Andersen played a key role in claims arising from major banks’ alleged manipulation of the London Interbank Offered Rate (Libor).
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Key clients
- NantCell, Inc., Immunotherapy NANTibody LLC, and Dr. Patrick Soon-Shiong
- Torus Capital, LLC, and proposed class of borrowers and lenders of stock loans
- U.S. Bank, N.A.; Computershare Trust Company, N.A.; Ambac Assurance Corporation
- Prudential Insurance; The City of Philadelphia and Pennsylvania Intergovernmental Cooperation Authority; Darby Financial Products and Capital Ventures International; Salix Capital
- Compañía Minera Dayton (“CMD”) and class of investors in gold and gold-related instruments
- Edmar Financial Company LLC, Irish Blue & Gold, Inc., and XTX Markets Limited
- Xiaodi Hou
- Steamfitters Local 449 Pension Plan, on behalf of a certified class of former Class V common stockholders of Dell Technologies, Inc.
- Hound Partners Offshore Fund, LP, Hound Partners Long Master, LP, and Hound Partners Concentrated Master, LP
- BProtocol
- BlueCity Holdings
- TradeInvest Asset Management Co. (BVI) Ltd., First Ocean Enterprises SA and Techview Investments Ltd.
- Allianz GI, Anchorage Capital, the AP funds, BlackRock, BlueCrest, Brevan Howard, CalSTRS, Owl Creek, PFA, PIMCO, Portigon, Mass PRIM, SEI Trust Company
Work highlights
- Co-lead counsel for plaintiffs involving a challenge to a 2018 transaction that redeemed all shares of Class V common stock in Dell Technologies. The firm alleged that the transaction’s unfair terms resulted from a deeply flawed process, and ultimately obtained a $1 billion cash settlement – the largest such settlement in Delaware history.
- Co-lead counsel for Torus Capital and a proposed class of those who entered into stock loan transactions with six major banks that serve as prime brokers of stock loans. The magistrate judge has recommended that the class be certified. We have recently reached settlement agreements with all of the bank defendants, except Bank of America, for $580 million in cash.
- Representing funds affiliated with Hound Partners in a major opt-out action arising from the infamous fraud at Valeant Pharmaceuticals, which has been described as the “Pharmaceutical Enron” and was the subject of an episode of the Netflix docuseries “Dirty Money.” Shortly before the completion of fact discovery, we reached a confidential settlement with Valeant’s auditor, PwC.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Jeremy Andersen
Quinn Emanuel Urquhart & Sullivan, LLPHarry Olivar
Quinn Emanuel Urquhart & Sullivan, LLPPractice head
The lawyer(s) leading their teams.
Harry Olivar, Jeremy Andersen, Andrew Rossman, Jonathan Pickhardt, Daniel Brockett