North America - United States • Dispute resolution
Proskauer Rose LLP
Proskauer Rose LLP‘s litigation group is ’a delight to work with‘. The firm handles the full range of litigation and regulatory enforcement matters, including SEC investigations and shareholder class actions. Boston-based practice head Timothy Mungovan is recognized as a skill trial attorney, and he recently secured the dismissal of claims of breach of fiduciary duty, aiding and abetting, and unjust enrichment against asset management firm Shamrock Capital Advisors. Key partner Jonathan Richman and asset management and securities litigation specialist Joshua Newville, both based in New York, stand out for their defense of a securities class action against Obra Capital arising from a write-down of the fund’s assets. The arrival of Stephen Hibbard in Los Angeles from Jones Day and Washington DC-based regulatory enforcement specialist Robert Pommer, ’a superstar in respect of SEC matters‘ from Kirkland & Ellis LLP bolster the firm’s capacity to handle high-stakes matters.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Deliver great value.’
‘Bob Pommer and associate Bryan Cruz. Very responsive’
‘Bob Pommer is a superstar in respect of SEC matters. We followed him from Kirkland, and while I never want to speak with him again, when I have to speak with a securities litigator, he's the one I want to speak with. His record with us speaks for itself, which is why he's our go-to when these matters arise.’
'The Proskauer Rose legal team is extremely knowledgeable, thorough, well organized and a delight to work with. In addition to generating exceptional written analysis, they ensure that - as much as possible - the drafts are ready with sufficient time for review and to ensure all necessary coordination is in place for any future next stps, bethey filing in court, discovery procedings or court hearings.'
'All of the team I have worked with as local counsel for a case where Proskauer Rose are lead counsel are excellent. Not only are they excellent professionals but great team players; always ensuring local counsel is involved at the pertinent stages of the case and striving to always ensure that we are informed well-in-advance when our input may be needed.'
‘Besides being very experienced with a very deep bench, the thing that makes the practice most unique is their ability to advise how to get things done and accomplished. Many law firms are really good at telling you what you can't do - but they are terrible at suggesting solutions as to how something can be done. Proskauer is one of the few firms that does more than just give you a long list of things you can't do.’
‘Joshua Newville is a Proskauer Partner that really stands out. Earlier in his career he worked in the Enforcement Division of the SEC. He brings that full experience to helping advise clients on how to do things properly so that they don't run awry of the SEC. He is very good at finding solutions to potential issues.’
Key clients
- Shamrock Capital Advisors
- Several large hedge fund advisors
- Obra Capital Inc.
- .406 Ventures Management and Sparta Group
- The Necessity Retail REIT
- Volta Inc.
- Super Micro Computer, Inc.
- Oclaro Merger Litigation
- Dawn Zier
- Karen Murray
Work highlights
- Secured a significant victory for Shamrock Capital Advisors, in a case brought by founders and other minority shareholders of FanDuel, a portfolio company of Shamrock. FanDuel’s founders and other minority shareholders alleged breach of fiduciary duty, aiding and abetting and unjust enrichment claims against Shamrock, a preferred shareholder in FanDuel, and other defendants.
- Representation of the former directors of Oclaro, Inc., an optical connectivity company, in connection with a securities class action filed in the Northern District of California arising out of Oclaro’s acquisition by Lumentum Holdings.
- Representation of Vida Longevity Fund, Vida Capital, and other defendants in a securities class action and related derivative litigation arising from a write-down of the Fund’s assets.
Practice head
The lawyer(s) leading their teams.
Timothy Mungovan