SECURITIES & CORPORATE GOVERNANCE LITIGATION

Securities & Corporate Governance LitigationPublic and private companies, boards of directors, committees of boards, individual directors, and individual officers regularly turn to Bracewell to defend them in all aspects of securities litigation. Our practice includes defending securities fraud class actions, fiduciary duty claims, shareholder derivative actions and M&A, proxy and corporate governance litigation. Bracewell’s securities litigators have represented clients in numerous federal and state courts across the country, including Delaware. Our securities litigators conduct audit committee and special litigation committee investigations in response to shareholder, governmental and internal demands. Our teams are prepared to take our cases to trial, recognizing in reality that many cases in the securities arena are dismissed at the pleading stage or otherwise are resolved prior to trial. Lawsuits, claims and investigations frequently run on a parallel basis, and our team is adept at managing all aspects of these actions to optimize efficiency and results.

Board of Directors of Anadarko Petroleum Corporation; (Williams v. Hackett, et al., Cause No. 2013-31066, in the District Court of Harris County, Texas, 215th Judicial District)

A shareholder derivative case arising out of the Macondo well-explosion in the Gulf of Mexico

Dr. Sidney GilmanBracewell represented defendant in a class action lawsuit brought by shareholders against SAC Capital entities (SAC), SAC CEO Steven A. Cohen, former SAC employee Mathew Martoma, and Dr. Sidney Gilman, alleging violations of Sections 10(b) and 20A of the Exchange Act and SEC Rule 10b-5. Following substantial discovery, plaintiffs voluntarily dismissed our client.

Huntsman Corporation (International Risk Co., et al. v. Marsh & McLennan Cos., Inc.) Bracewell is representing Huntsman Corporation, as plaintiff in litigation alleging breaches of fiduciary duty due to the defendant’s failure to disclose compensation it received directly from insurance companies it placed to insure Huntsman.

Lufkin Industries Inc. and its Board of Directors; (Inspired Investors v. Glick, et al., Cause No. CV-02395-13-06, in the District Court of Angelina County, Texas, 159th Judicial District)A shareholder derivative case arising out of a proposed merger transaction

MetroCorp Bancshares, Inc. and its Board of Directors and Officers; (In re: MetroCorp Bancshares, Inc. Shareholders Litigation; No. 4:13-cv-03198, in the in the United States District Court for the Southern District of Texas, Houston Division)A shareholder class action arising out of a proposed merger transaction

Pier 1 Imports, Inc. (Town of Davie Police Pension Plan v. Pier 1 Imports, Inc. et al.)representing the defendant and its CEO in a putative class action for securities fraud

Private equity funds managed by Centrecourt Asset Management LLC (CAMOFI Master LDC, et al., v. Jerrold Pressman, et al.)Bracewell is representing two private equity funds, as plaintiffs, in a shareholder and creditor derivative action against directors, outside counsel and affiliates for breach of fiduciary duty, corporate waste and tortious conduct.

SandRidge Mississippian Trusts I & IIIn May 2015, Bracewell obtained the dismissal of a $950 million claim asserted by trust unit holders against two oil & gas royalty trusts in a class action securities case in Oklahoma federal court.

Special Committee of the Board of Directors of QR Energy LP; (In re: QR Energy LP Unitholder Litigation, Civil Action No. 4:14-cv-2195, in the United States District Court for the Southern District of Texas, Houston Division)A shareholder class action arising out of proposed merger transaction

Our recent notable matters include advising on the following:

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