Larry S. Gangnes

Shareholder | Seattle | 206.223.7036 | gangnesl@lanepowell.com

Areas of Practice

Larry Gangnes is the Chair of the Firm’s Securities Litigation/Directors & Officers’ Liability Practice Group, and also a member of the Firm’s Antitrust and Trade Regulation, Mortgage and Consumer Finance, Class Action Defense and Insurance Practice Groups. Larry was formerly a trial attorney with the U.S. Department of Justice Antitrust Division and a law clerk with the U.S. Fifth Circuit Court of Appeals. He has been with Lane Powell since 1977 and focuses his practice on class action and complex commercial, antitrust, securities, intellectual property, and directors & officers’ liability insurance coverage litigation. Larry was lead counsel for a group of utility defendants in the WPPSS Securities Litigation, lead trial and appellate counsel in the Nordstrom Securities Litigation and landmark Nordstrom, Inc. v. Chubb & Son Inc. directors & officers liability insurance coverage suit, and lead defense counsel in the Cutter & Buck Securities Litigation and directors & officers liability insurance coverage suit. He has also represented Simpson, Nordstrom and other defendants in antitrust cases or class actions in New York, Pennsylvania, Tennessee, California and Washington. Larry is a member of the International Association of Defense Counsel.

Professional Experience

Trial Attorney, U.S. Department of Justice, Antitrust Division, 1975-1977
Law Clerk, U.S. Fifth Circuit Court of Appeals, 1973-1974

Admitted to Practice

Texas
Washington

Academics

University of Texas School of Law (J.D., with honors, 1973)
- Note and Comment Editor, Texas Law Review, 1972-1973
University of Southern California (B.S., Chemistry, 1970)

Practice Group and Specialty Team Memberships

Antitrust and Trade Regulation
Apparel and Footwear
Class Action Defense
Director and Officer Liability
Insurance
Litigation
Mortgage and Consumer Finance
Securities
Securities Litigation

Representative Matters and Clients

Dennis Paper Co. v.Simpson Paper Co. (M.D. Tenn.) Counsel for Simpson Paper Company in antitrust/dealer termination case
Counsel for Simpson Tacoma-Kraft in Linerboard Antitrust Litigation, MDL No. 1261 (E.D. Pa.)
Counsel for defendants in Nordstrom Securities Litigation and Soft Drink Bottling Antitrust Litigation class actions
Nordstrom v. Chubb, 54 F. 3d 1425 (9th Cir. 1995)Counsel for Nordstrom in the landmark directors & officers’ liability insurance coverage suit
Counsel for Hawaiian Electric Industries in directors & officers’ liability insurance coverage suit
CME Acquisition v. Liebsack (W.D. Wash.)Counsel for plaintiff Eagle River Investments in securities fraud case
Counsel for Nordstrom in Nine West (S.D.N.Y.) and Cosmetics (N.D. Calif.) antitrust class actions
Counsel for Cutter & Buck in Cutter & Buck Securities Litigation and shareholder derivative suit and related directors & officers’ liability insurance coverage suit
Co-Counsel for former CEO in InfoSpace shareholder derivative suit and related directors & officers’ liability insurance coverage suit