Acted as securities litigation strategist on team defending Oregon Public Utility Districts in $2.2B class action brought by thousands of public utility bond purchasers. One of the earliest “fraud on the market” cases. Formulated defense that market makers were aware of the allegedly concealed information, which was factored into the market price, thereby refuting bondholders’ contention they paid prices artificially inflated by concealment of adverse information. Procured extremely favorable settlement.
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