SECURITIES CLASS ACTIONS
With over eight decades of combined experience litigating securities class actions, Alto’s attorneys regularly represent publicly-traded companies, as well as current and former executive officers and directors, in eight- and nine-figure disputes alleging violations of the Securities Act of 1933 and Securities Exchange Act of 1934, including but not limited to cases involving allegations of:
Revenue recognition
Missed earnings
Pull-in sales
Tone at the top
Insider trading
Control person liability
REPRESENTATIVE MATTERS
Secured dismissal from a shareholder class action of former interim-CFO of a publicly-traded provider of high-performance application networking solutions. Alto demonstrated through its motion to dismiss that plaintiffs failed adequately to plead scienter or loss causation against the former interim-CFO. Shah v. A10 Networks, Inc., et al., No. 3:18-cv-01772-VC (N.D. Cal. Mar. 21, 2019).
Obtained dismissal of former CFO of a Fortune 500 semiconductor company from a shareholder class action seeking nearly $100 million in damages. The plaintiffs alleged material false and misleading statements regarding the company’s revenues and earnings. Alto successfully argued that the plaintiffs failed adequately to allege scienter or control as to the former CFO, even as the court refused to dismiss claims against another individual or the company. Luna v. Marvell Tech. Group, No. C 15-05447 WHA, 2017 WL 2171273 (N.D. Cal. May 17, 2017).
Hired to substitute in and replace Cravath Swaine & Moore LLP on behalf of a pharmaceutical manufacturer in high-profile securities class actions in Arizona and New York. Represented the company throughout complex discovery proceedings, until the claims were resolved through the bankruptcy process.
thought leadership
Sciabacucchi v. Salzberg: Clarifying the Limits of Delaware Forum Selection Clauses
Please visit the Alto News & Insights for additional articles.
