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Securities Litigation

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OVERVIEW

Stoll Keenon Ogden’s Securities Litigation practice includes attorneys with significant experience litigating securities related matters. We divide our services in two categories: disputes between securities offerors and offerees; and disputes between investment firms and their customers.

Disputes between Offerors and Offerees

SKO represents both buyers and sellers in disputes that arise from securities sold through private placement offerings. Our attorneys have experience in assessing at an early date the exposure of a seller and the potential value of a purchaser’s claim. We also have significant experience in both federal and state courts litigating claims arising from private placement offerings bought under federal and state securities laws and common law claims including fraud, breach of fiduciary duty and civil conspiracy.

Disputes between Investment Firms and Clients

SKO represents investment firms, individuals, foundations and trust companies in disagreements regarding a customer’s account. If a settlement cannot be reached, SKO routinely litigates through arbitration rather than court proceedings. We frequently represent clients in arbitration proceedings in the forum provided by the Financial Industry Regulatory Authority (FINRA) and its predecessor, the National Association of Securities Dealers (NASD).

The claims we litigate include:

  • Violations of FINRA rules regarding suitability
  • Churning and failure to supervise claims
  • State common law claims of breach of fiduciary duty, fraud and conversion
  • Violations of state and federal securities laws
Benchmark Litigation Kentucky State Firm of the Year 2018

Work Highlights

Suitability Claims 

SKO successfully represented a bank acting in a fiduciary capacity in pursuing suitability claims against a securities firm. The amount recovered for our client was approximately $10,000,000.

Securities Fraud

SKO’s client was one of several defendants sued by a group of disappointed investors alleging securities law violations. SKO mounted an aggressive defense, and while the plaintiffs settled with other defendants, they agreed to simply dismiss their claims against SKO’s client.

INDUSTRY INVOLVEMENT

Financial Markets Association

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