In an order dated March 31, 2012, Judge Paul Gardephe of the Southern District of New York granted J.P. Morgan Securities LLC’s motion to dismiss federal securities fraud claims brought on behalf of a putative class of purchasers of auction rate securities (ARS) over a nearly four-year period. The suit related to the widespread failures of auctions for ARS in February 2008 as a result of which many investors were unable to sell their securities at auction.
The Simpson Thacher attorneys representing JPMorgan on the matter are Tom Rice, Jonathan Youngwood, Hillary Mintz, Ian Dattner, Sonya Mirbagheri, and Jeannie Chung.
Lawyers:
• Jeannie J. Chung
• Ian Dattner
• Hillary C. Mintz
• Sonya M. Mirbagheri
• Thomas C. Rice
• Jonathan K. Youngwood
Related Practice Areas:
• Litigation
• Securities/Shareholder Litigation
(Press Release by Simpson Thacher & Bartlett LLP)
