Larry S. Gangnes Photo

Larry

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

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).

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

Member, American Health Lawyers Association

Member, American Bar Association Antitrust Section

Member, Washington State Bar Association

Former Member, National Association of Corporate Directors

Member, Bainbridge Island Museum of Art

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 Major, 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," Super Lawyers magazine, Business Litigation (2000-2011); Securities Litigation (2012, 2015); Antitrust Litigation (2013-2014, 2016-2017)

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