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Larry

Larry S. Gangnes

Shareholder

Larry Gangnes represents publicly and privately-held companies in securities, antitrust and complex commercial litigation matters. He counsels clients in multiple industries, including retail, forest products, technology, health care insurers and financial institutions, and their directors and officers.

Larry is a leader at Lane Powell, having served as Chair of the firm’s Antitrust and Trade Regulation Practice Group and Chair of the firm’s Securities Litigation/Directors’ and Officers’ Liability Practice Group.

In addition to general securities, antitrust and complex commercial litigation matters, Larry also counsels clients on matters related to:

Shareholder derivative demands and litigation;
Directors’ and officers’ liability;
D&O insurance coverage litigation and counseling; and
Related internal corporate and grand jury investigations.

His experience includes serving as:

Lead Defense Counsel for two Japanese corporate defendants in Auto Parts MDL in Detroit;
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’ and officers’ liability insurance coverage suit; and
Lead Defense Counsel in the Cutter & Buck Securities Litigation and directors’ and officers’ liability insurance coverage suit.

Larry has also represented Nordstrom and other defendants in federal antitrust cases or class actions in New York, Pennsylvania, Tennessee, California and Washington. He has argued appeals in the Washington Supreme Court and U.S. Ninth Circuit Court of Appeals.

Before joining the Firm in 1977, he was a Law Clerk with the U.S. Fifth Circuit Court of Appeals and a Trial Attorney with the U.S. Department of Justice Antitrust Division in Washington, D.C., where he conducted grand jury investigations and was one of the trial counsel in U.S. v. Mid-America Dairymen (E.D. Mo.), and in the first felony prosecution under the Sherman Act, U.S. v. Jack Foley Realty, 598 F.2d 1323 (4th Cir. 1979).

Experience

State of Washington v. LG Electronics, Inc. et al
Case No. 12-2-15842-8King County Superior Court
Represented Korean CRT manufacturer and subsidiaries in alleged price fixing suit brought by antitrust section of Washington Attorney General’s Office on behalf of the state and as a parens patriae on behalf of Washington consumers.
State of Washington v. AU Optronics Corp. et al
Case No. 10-2-21964-4 King County Superior CourtSeattle, Washington
Represented Korean LCD manufacturer and subsidiaries in alleged price fixing suit brought by antitrust section of Washington Attorney General’s Office on behalf of the state and as a parens patriae on behalf of Washington consumers.
In re L&L Energy, Inc. Securities Litigation
Case No. 13-cv-6704-RAU.S. District Court, Southern District of New York
Represented L&L Energy and various current and former directors and officers in two sets of securities class actions in federal court in Washington and New York, five shareholder derivative actions in federal and state court in Washington and Nevada, and potential opt-out litigation.
In re Northwest Pipe Company Derivative Litigation
Case No. 3:10-cv-05129-RBLU.S. District Court, Western District of Washington
Represented former CEO and director of Northwest Pipe, Inc., in a federal class action securities lawsuit.
Plumbers and Pipefitters Union Local 630 Pension-Annuity Trust Fund v. Northwest Pipe Co. et al.
Case No. 3:09-cv-05724-RBLU.S. District Court, Western District of Washington
Represented former CEO and director of Northwest Pipe, Inc., in a federal class action securities lawsuit and a related derivative lawsuit filed, as well as an SEC fraud investigation.
In re Cedar Shake and Shingle Antitrust Litigation (W.D. Wash.)
Case No. 2:19-cv-00288-MJPU.S. District Court, Western District of Washington
Achieved a victory on a motion to dismiss.

Professional Experience

U.S. Department of Justice, Antitrust Division, Trial Attorney (1975-1977)

U.S. Fifth Circuit Court of Appeals, Law Clerk (1973-1974)

Community Involvement

American Health Lawyers Association, Member

American Bar Association Antitrust Section, Member

Washington State Bar Association, Member

National Association of Corporate Directors, Former Member

Bainbridge Island Museum of Art, Member

Thought Leadership

July 15, 2021News
Forty-Three Lane Powell Attorneys Recognized by Super Lawyers for 2021
Awards & Honors
July 16, 2020News
Thirty-Two Lane Powell Attorneys Recognized by Super Lawyers in Washington for 2020
Awards & Honors
June 10, 2019News
Thirty-one Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Nine Named ‘Washington Rising Stars’
Awards & Honors
March 26, 2019News
Antitrust Team Wins GCR’s ‘Litigation of the Year – Cartel Defense’ Award
Awards & Honors
June 18, 2018News
Thirty-two Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 14 Named ‘Washington Rising Stars’
Awards & Honors
June 9, 2017News
Thirty-one Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 16 Named ‘Washington Rising Stars’
Awards & Honors
June 12, 2015News
Thirty-two Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 11 Named as ‘Washington Rising Stars’
Awards & Honors
June 13, 2014News
Thirty-five Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Fifteen Named as ‘Washington Rising Stars’
Awards & Honors
June 14, 2013News
Thirty-Six Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Sixteen Named as ‘Washington Rising Stars’
Awards & Honors
June 13, 2012News
28 Lane Powell Attorneys Named ‘Washington Super Lawyers;’ 12 Named as ‘Washington Rising Stars’
Awards & Honors
August 9, 2011News
Thirty-six Lane Powell Attorneys Listed as Top Lawyers in Seattle Metropolitan Magazine
Awards & Honors
June 20, 2011News
Twenty-six Lane Powell Attorneys Named ‘Washington Super Lawyers;’ Ten Lane Powell Attorneys Named As ‘Washington Rising Stars’
Awards & Honors
July 20, 2010News
58 Lane Powell Attorneys Listed as Top Lawyers in Seattle Metropolitan Magazine
Awards & Honors
June 6, 2010News
28 Lane Powell Attorneys Named Washington Super Lawyers 2010
Awards & Honors

Practices & Industries

Antitrust, Competition & Trade
Blockchain & Cryptocurrency
Class Actions
Commercial Litigation
Insurance
Japan Practice
Securities & Corporate Governance Litigation

Education

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

Admissions

Washington
Texas
U.S. Supreme Court
U.S. District Court, Eastern and Western Districts of Washington
U.S. District Court, Eastern District of Michigan
U.S. Court of Appeals, Sixth and Ninth Circuits

Honors

"Washington Super Lawyer," Thomson Reuters, Antitrust Litigation and Securities Litigation (2003-2021)

AV Preeminent® in Martindale-Hubbell® Peer Review Ratings™

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