Based primarily in California, with broader commercial litigation resources in New York, Orrick, Herrington & Sutcliffe is seen as a destination practice for clients seeking a strong defense in securities class actions and derivative shareholder litigation in courts throughout the country. The technology sector remains a fertile source of work, as exemplified by its ongoing securities class action and parallel shareholder derivative action litigation for Apple in a case stemming from claims that the tech giant misled investors about weakening demand for iPhones in China in 2019. San Francisco-based litigators James Kramer and Alex Talarides are leading on this matter, with the duo also frequently pairing up on other major matters within the tech sector, as well as in relation to Section 11 claims against banks. Los Angeles-based team head Paul Rugani, who is adept at handling both private securities litigation and government enforcement/investigations, is noted, in particular, for his work in the financial services sector, including his ongoing representation for Credit Suisse in the remaining litigation relating to its legacy RMBS business.
Legal 500 Editorial commentary
Key clients
- Apple
- PayPal Holdings, Inc.
- LendingClub
- Meta Platforms, Inc.
- James Monsees (JUUL)
- Credit Suisse
- PayPal Holdings, Inc.
- ZocDoc, Inc.
- Thought Convergence, Inc.
Work highlights
- Representing Apple in a securities class action and parallel shareholder derivative action arising from Apple’s announcement in January 2019 that it was lowering its revenue guidance for the first quarter of FY2019 to $84bn from the previously-provided range of $89-93bn.
- Represent Meta and its board of directors in shareholder litigation in the Delaware Court of Chancery. The lawsuit, filed in 2022, asserted claims that Meta’s focus on investors invested in the company directly poses harm to investors with diversified portfolios. The judge rejected that legal theory, agreeing with Meta that Delaware law follows a “single-firm model."
Lawyers
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Paul Rugani
Other key lawyers
Jim Kramer; Dan Dunne; Alex Talarides; Todd Scott