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Norton Rose Fulbright

Norton Rose Fulbright

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United States • Dispute resolution

3

Securities litigation: defense

Handling both US and international mandates, Norton Rose Fulbright advises clients on proposed transactions, corporate governance, and internal investigations. Their clients include companies across the energy, life sciences, healthcare, and financial sectors. Leading the team are Austin-based co-head Mark Oakes, who focuses on SEC investigations, 10b-5 class actions, shareholder derivative suits, and internal investigations, and New York-based co-head Sandeep Savla, who specializes in national and cross-border white-collar crime and compliance matters. Peter Stokes, who is based in Austin, has obtained several Rule 10b-5 and shareholder derivative litigation dismissals.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘There is one particular partner with whom I have had experience, Andrey Spektor, and he is a stand-out litigator, particularly in the cryptocurrency space. His team at the firm marshalled all of their resources to untangle a financial web of evidence to the benefit of his client, which is not a feat that other firms could do as adeptly.’

  • ‘Andrey Spektor is a very masterful strategist, and I appreciated his insight for how to navigate the prosecution in a way that also benefitted my client.’

  • ‘Highly responsive and efficient. We were fending off securities class actions in multiple jurisdictions, and even the cross-border collaboration within the firm was flawless. We successfully got all cases dismissed. ’

  • ‘Great litigators and again highly collaborative. With Norton Rose Fulbright, individuals are great, you are always working and supported by a team where the ball is never dropped. ’

Key clients

  • MoneyGram
  • Morgan Stanley
  • Match Group
  • Cabot Oil & Gas Corporation (now known as Coterra Energy)
  • Southwest Airlines
  • Delek US Holdings, Inc. and Alon USA Energy, Inc.
  • ISS Facility Services
  • Earthstone Energy
  • Exela Technologies

Work highlights

Defended MoneyGram International, Inc. in multi-district shareholder litigation stemming from a US$125 million DOJ and FTC settlement over alleged anti-fraud compliance failures.
Defending Morgan Stanley in a securities fraud case involving alleged misrepresentations by a former employee to Collingwood USA regarding oil and gas investments.
Representing Mr. Horn and Mr. Chesnut in a Rule 10b-5 securities class action in the Southern District of Ohio related to the bankruptcy of Loyalty Ventures, where plaintiffs allege misleading statements about sponsor commitments.
Practice head

Mark Oakes; Sandeep Savla

Other key lawyers

Peter Stokes; Ellen Sessions; Andrey Spektor; Anthony Lauriello; Rodney Acker; Kelly Potter