securities litigation practice
- $1 Billion Successful Lone Star Funds Securities Derivative Defense
Ball Janik LLP successfully defended Hudson Advisors, LLC and a group of Lone Star private equity investment funds from a $1 billion securities fraud claim brought by beneficiaries of the Oregon Public Employees Retirement Fund (OPERF).
- Concerned Unit Owners of the Inn of the Seventh Mountain (Central Oregon)
Ball Janik LLP successfully represented several prominent unit owners in a derivative action against the Inn of the Seventh Mountain Association of Unit Owners (AUO) and in connection with direct claims of minority shareholder oppression and breach of fiduciary duty, among others, against certain AUO directors.
- Electro Scientific Industries, Inc. Coverage Litigation
We represented Electro Scientific Industries, Inc. (“ESI”) in a lawsuit involving Directors and Officers insurance coverage. Ball Janik filed suit against the insurer alleging breach of contract, bad faith, intentional interference with contract, and fraud. The litigation was settled on favorable terms for ESI, and the case was dismissed.
- Marsh & McLennan Securities Fraud Litigation
Ball Janik LLP is defending Marsh & McLennan Cos., Inc. and Marsh Inc. in a lawsuit brought by the Oregon Public Employees Retirement System (OPERS) under Oregon’s new securities-fraud statute in the wake of the New York Attorney General’s investigation of Marsh, AIG, and many of the then largest insurers and brokers in the world. The trial court dismissed the entire $10 million case in June 2008. OPERS appealed and Ball Janik is continuing to represent Marsh as appellate counsel.
- Successful Defense of Johnson & Johnson Against $20 Million Claim
Ball Janik LLP successfully defended Johnson & Johnson, McNeil-PPC, Inc., and McNeil Healthcare, LLC (collectively Johnson & Johnson) in a $20 million lawsuit brought in January 2011 by the State of Oregon for alleged violations of Oregon’s Unfair Trade Practices Act.