• Defended brokers and managers against allegations of market timing by the SEC. Awaiting Administrative Law Judge decision.
• Successfully defended (after 21 day arbitration) broker, branch managers and compliance officers in claim by former customer for $18 million as the result of index option activity.
• Successfully defended claim in Federal District Court involving claim under ERISA statute alleging substantial loss as a result of fraudulent representation by broker and firm relating to bond swaps on purchase of limited partnerships. Decision affirmed by the First Circuit and Certiorari to the U.S. Supreme Court denied.
• Successfully defended a $19 million discrimination claim against broker dealer before NASD arbitration panel. Issues were whether firm violated state and federal age discrimination statues by demoting manager of institutional trading department and later terminating him.
• Negotiated favorable settlement with Massachusetts Division of Securities resulting in withdrawal of complaint without any findings or wrongdoing.
• Successful defense of lead underwriter in $70 million class action claim in Federal District Court by the preferred shareholders of a failed savings and loan institution. The major issue concerned the value of excess servicing rights reflected on the S&L’s financial statements which were incorporated in the offering circular.

We are available to speak regarding your concerns. Please contact Chris Litterio, Securities Law Chair, at (617) 742-4200 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Attorneys

Litterio, Christopher P.

Mulligan, Maureen

Weiner, Barry Y.