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Securities Defense

For those facing securities fraud suits or investigations brought by federal, state or self-regulatory organizations, Osborn Maledon has been the firm of choice for many years. We are routinely engaged to defend private and publicly-traded corporations, their officers, directors, employees, accountants and attorneys in major securities class actions. Our securities lawyers have represented clients before the Department of Justice, the Securities and Exchange Commission, the Public Company Accounting Oversight Board, the Arizona Corporation Commission and the major self-regulatory organizations including the NYSE and FINRA.

Having the extensive experience necessary to address all aspects of litigation involving private and publicly issued securities, our attorneys are regularly retained to defend clients in federal and state court actions, including securities class actions and shareholder derivative suits. Although securities litigation and investigations often involve extensive coordination with multiple parties, Osborn Maledon has developed a proven small, focused team approach to complex cases. This enables us to successfully achieve our clients' objectives both efficiently and cost-effectively. In effect, clients receive Wall Street lawyers at Phoenix rates.

Our securities defense attorneys are able to offer an extensive range of services through our access to experienced transactional lawyers as well as lawyers in our employment and criminal defense practices.

With such a broad range of experience and abilities, our Arizona securities lawyers provide a primary source of representation and expertise for securities litigation. 

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Representative Cases

Representative Matters

  • Smilovitz v. First Solar et al., CV12-00555-PHX-DGC , U.S. District Court, District of Arizona (securities fraud class action; represented First Solar and certain officers and directors) 
  • Saleh v. Apollo Education Group et al., No. CV-14-00877-PHX-SRB, U.S. District Court, District of Arizona (securities fraud class action; represented Apollo Education Group and certain officers and directors) 
  • Shapiro v. Matrixx Initiatives, CV-09-01479-PHX-ROS, U.S. District Court, District of Arizona (securities fraud class action; represented Matrixx and certain officers and directors) 
  • In re Apollo Group, Inc. Securities Litigation, Lead Case No. CV-04-2147-PHX-JAT, U.S. District Court, District of Arizona (securities fraud class action, including trial and appeal; represented Apollo Group Inc.) 
  • Himmel v. Bishop et al, No. CV2011-005604, Maricopa County, Arizona, Superior Court (shareholder derivative suit, represented certain officers and directors of Apollo Group Inc.) 
  • Smith v. Sperling et al, No. CV-11-10722-PHX-PGR, U.S. District Court, District of Arizona (shareholder derivative suit; represented officers and directors of Apollo Group Inc.) 
  • Schneider v. Hemelt et al., CV2011-050036, Maricopa County, Arizona, Superior Court (shareholder derivative suit; represented Matrixx Initiatives and certain officers and directors) 
  • In re Limelight Networks, Inc. Securities Litigation, CV07-01603-PHX-SRB, U.S. District Court, District of Arizona (securities fraud class action, represented Limelight Networks Inc.) 
  • Ligouri v. Egan et al., CV2009-036777, Maricopa County, Arizona, Superior Court (shareholder derivative suit; represented nominal defendant Matrixx Initiatives, Inc.) 
  • In Re Matrixx Initiatives, Inc. Derivative Litigation, Master File No. 2:09-vc-01899-SRB, U.S. District Court, District of Arizona (shareholder derivative suit; represented certain officers and directors and nominal defendant Matrixx Initiatives, Inc.) 
  • Taser Securities Litigation, Master File No. CV 05-115 SRB, U.S. District Court, District of Arizona (also counsel in related derivative suits; represented Taser and certain officers and directors) 
  • Scimeca, on behalf of Nominal Defendant, Amkor Technology Inc. v. Kim, Case No. CV 06-00562-VAM, U.S. District Court, District of Arizona (shareholder derivative action; represented nominal defendant Amkor Technology and certain officers and directors) 
  • Fedgus V. Kim, et al., Case No. CV2006-015248, Maricopa County, Arizona, Superior Court (shareholder derivative suit; represented nominal defendant Amkor Technology Inc. and certain officers and directors) 
  • Tsirekidze v. Syntax-Brillian Corp., NO. CV 07-02204-PHX-FJM, U.S. District Court, District of Arizona (securities fraud class action; represented underwriters Merrill Lynch, Pierce, Fenner & Smith, UBS Securities LLC, Robert W. Baird & Co. Incorporated, Canaccord Adams Inc., and Brean Murray Carret & Co., LLC) 
  • Teamsters v. America West Airlines et al, CIV-99-0399-PHX-EHC (OMP), U.S. District Court, District of Arizona (securities fraud class action; represented Continental Airlines) 
  • In re Phelps Dodge Corp. Shareholder Litigation, CV 2006-017963, Maricopa County, Arizona, Superior Court (shareholder derivative action, represented Phelps Dodge Corporation and certain officers and directors) 
  • Rocket Acquisition Corp v. Ventana Medical Systems, Inc., Case No. CV 07-1278-MHM, U.S. District Court, District of Arizona (represented Roche Group in its suit to enjoin Arizona’s anti-takeover statute in connection with its tender offer for Ventana stock) 
  • Zack v. Allied Waste et al, and related cases, Consolidated Case No. CV-04-1640, U.S. District Court, District of Arizona (securities fraud class action; represented former CEO and Board Chair) 
  • Bissett v. Giant Industries Inc. et al., Case No. CV2006-017981, Maricopa County, Arizona, Superior Court (represented Western Refining, Inc.) 
  • Levine v. SkyMall, Inc., Case No. CV 99 0166 ROS, U.S. District Court, District of Arizona (securities fraud class action, represented SkyMall, Inc.) 
  • In re: GameTech International Securities Fraud Litigation, CV 98-0268 ROS U.S. District Court, District of Arizona (securities fraud class action, represented GameTech) 
  • Ruble v. Rural/Metro, et al., Case No. CV 99-822-PHX-RGS(HRH), U.S. District Court, District of Arizona (securities fraud class action; represented CEO of Rural/Metro) 
  • In re: Western Savings, U.S. District Court, District of Arizona (securities fraud class action)     
  • In re: American Continental, Case No. 2:90-md-00834-DCB, U.S. District Court, District of Arizona (securities fraud class action; represented multiple defendants)        
  • Fischl v. Prudential Bache Securities, Arizona Superior Court securities fraud class action, represented Graham Royalty, Inc., Graham Resources, Inc. and Graham Securities Corp) 
  •  Tonnemacher v. Sasak, McDermott Will & Emory, et al., CIV 89-0201-PHX-SMM, U.S. District Court, District of Arizona (securities fraud class action, represented law firm)