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Securities Litigation

Boies, Schiller & Flexner is well known for its ability to handle the most complex securities litigation, including defending Fortune 100 corporations, serving as lead counsel in class actions, and representing institutional investors. 

Among other representations, the firm currently represents Goldman Sachs in securities matters, as well as Qwest Communications International Inc., Tyco International and C.V. Starr in securities litigation pending in federal, state, and foreign courts.  Similarly, we defended Unisys Corporation, 3Com Corporation, and WebMD in securities litigation in federal and state courts around the United States.

One thing that sets us apart from other firms with extensive defense experience is that we also have a long track record in representing plaintiffs in securities litigation.  For example, in van Roden et ano. v. Henri Termeer, Genzyme Corp., et al., Case No. 03 Civ. 4014 (S.D.N.Y.), the Firm recently settled long-running litigation as lead counsel on behalf of a class of former shareholders; the defendants agreed to pay $64 million to the class.  Similarly, the Firm served as co-lead counsel in In re Alcatel Alsthom Securities Litigation, MDL No. 1263, Civil Action No. 4:98-CV-320 (E.D. Texas), which resulted in a $75 million settlement for the Plaintiff Class in 2001.  In addition, in a case where it served as co-lead counsel, the Firm concluded a $6 million settlement on behalf of shareholders in Lalor et al. v. Omtool, Ltd. et al., C.A. No. 1:99-cv-469-M, (D. N.H.).  One of our partners also served as lead counsel for the Plaintiff Class in In re Terra-Drill Partnerships Litigation, MDL 791, C.A. No. H-86-3808 (S.D. Tex. 1989) which went to trial and resulted in a $72 million judgment for the class.