On behalf of the Court-appointed Federal equity receiver for a trust company, led the team which provided a broad range of assistance, including acquiring and preserving electronic data, performing analyses of customer investments and asset allocations, valuing complex financial instruments, quantifying potential claims against third parties, and assisting with the development and execution of a plan to equitably distribute trust assets. Worked closely with the Receiver, the SEC, and members of law enforcement.
Section 11 damages computation for direct listings
In September 2021, the Ninth Circuit ruled in Pirani v. Slack Technologies, Inc.[1] (Slack) that Section 11 liability applies to direct listing shares. This...