Quinn Emanuel Urquhart & Sullivan, LLP


Molly Stephens Molly Stephens Quinn Emanuel 865 S. Figueroa St., 10th Floor Los Angeles California 90017 work(213) 443 3000 mollystephens@quinnemanuel.com Download vCard Los Angeles Office Tel: 213-443-3000 Fax: 213-443-3100 mollystephens@quinnemanuel.com Practice Areas Securities Litigation Structured Finance and Derivatives Litigation Investment Fund and Fund Advisor Litigation Real Estate Litigation Class Action Litigation Education University of Texas Law School (J.D., with honors, 2002) Texas Law Review Order of the Coif Stanford University (M.S., Engineering Economic Systems and Operations Research, 1998) Stanford University (B.S., Industrial Engineering, 1997) President, Stanford Debating Society Publications and Lectures Note, Sales of In-Game Assets: An Illustration of the Continuing Failure of Intellectual Property Law to Protect Digital-Content Creators, 80 TEX. L. REV. 1513 (2002). Contributing Writer, Frederick Hillier & Gerald J. Lieberman, INTRODUCTION TO OPERATIONS RESEARCH (7th ed. 2001). Karl Schmedders & Molly Stephens, Time to Update Teaching Cases, OR/MS TODAY, Feb. 2001. Contributing Writer, Frederick Hillier, et al., INTRODUCTION TO MANAGEMENT SCIENCE: A MODELING AND CASE STUDIES APPROACH WITH SPREADSHEETS (2000). Prior Associations Weil, Gotshal &Manges, LLP: Associate, 2002-2003 Admissions Member, The State Bar of California; Member, The State Bar of Texas	Send to a friend Biography Molly Stephens specializes in complex commercial litigation, with an emphasis on securities fraud and corporate governance actions. Ms. Stephens has represented plaintiffs and defendants in cases involving violations of securities registration requirements under the Securities Act of 1933 and state blue sky laws; fraud in the sale of public and private securities; insider trading; breach of fiduciary duty by directors, officers, and investment fund managers; unsuitable investment advice; dilution of minority shareholders; and breach of representations and warranties in the sale of stock or corporate assets. Representative Clients CapLease Contango Capital Advisors Goldin Restructuring Fund JMI Services Landwin MassMutual MBIA Insurance Corporation PIMCO Orchard First Source Asset Management United Guaranty Mortgage Indemnity Notable Representations Ms. Stephens is currently representing MassMutual in nine actions filed against banks and mortgage companies that allege misrepresentations in the sale of approximately $1.5 billion in residential mortgage-backed securities. The actions involve securities originated and/or sold by Residential Funding Corporation, Deutsche Bank, Taylor Bean, Credit Suisse, Bear Stearns, and JPMorgan Chase, among others. Ms. Stephens represented a former outside director of a software company in five different actions filed by shareholders in federal and state court seeking in excess of $2 billion for alleged securities fraud, insider trading, and breach of fiduciary duty. Ms. Stephens won dismissal with prejudice of one action, dismissal with prejudice of certain securities fraud claims in another action, and summary judgment of all claims in yet another action. The remaining claims and actions were settled. Ms. Stephens won dismissal with prejudice of all claims asserted by investors in a real estate investment fund against the fund’s managers. The claims included direct claims for violations of federal and California securities laws and derivative claims for breach of fiduciary duty. The dismissal resulted in the settlement of two related actions brought by investors in other real estate investment funds asserting similar federal and California securities claims. Ms. Stephens defeated a motion for temporary restraining order filed by investors in a Madoff-feeder fund against the fund’s managers, which resulted in the investors staying all litigation against the fund’s managers. Ms. Stephens won dismissal with prejudice of a breach of fiduciary duty claim asserted by an investor in a distressed opportunities fund against the fund’s managers, which resulted in a settlement of the remaining claim. Ms. Stephens represented the acquiring company in an arbitration with selling shareholders involving a dispute over the earn-out provision in a stock purchase agreement. After the selling shareholders’ case was defeated in the first day of arbitration, the shareholders proposed a settlement that was approximately 5% of their demand to terminate the arbitration early.