We have a world-class practice representing hedge funds, private equity funds, venture funds, mutual funds, investment advisors, and fund managers in high-stakes litigation. This includes litigation arising from activist investment strategies; distressed investment scenarios, including insolvency and restructuring; allegations of improper fund management; inadequate disclosures; alleged securities laws violations; market manipulation; and other complex financial disputes.
Much of the work we do for our fund clients requires a deep understanding of fund formation, performance metrics, management and distribution structures, and the regulatory framework governing funds and advisers, as well as complex structured financial products, credit agreements, derivatives, risk allocation, and the capital markets. Although we are litigators, our knowledge and understanding of these subjects is on par with those who work for large transactional firms. In fact, there is no firm in the world that can top our unique combination of litigation skill and domain expertise in the realm of finance and the private fund industry.
Not all of our representations involve litigation. We have a track record of successfully resolving partnership, valuation, and redemption disputes between fund managers and individual partners.
We have a deep bench of white collar partners, over 20 of whom were former federal prosecutors. We have extensive experience representing funds and fund managers before the SEC and FSA, as well as in other government investigations and prosecutions around the globe. We have no transactional practice or traditional regulatory practice. We are not beholden to the regulators. Thus, we are free to be the “hammer” in negotiations. The regulators know we will take cases to trial if it is in our client’s interests. We believe that gives our clients a distinct advantage in negotiations.
Finally, no business firm in the United States tries as many cases as we do. And, as far as we know, no firm in the United States has achieved the success we have. In the last 12 months alone we have secured judgments and settlements for our clients in excess of $20 billion. We have recovered more than $3 billion for funds, fund investors, and fund managers. That said, the majority of our work involves defending companies, and we have successfully defended numerous funds and fund managers from claims exceeding many billions of dollars.