Underwriter – Complete Dismissal of All Claims in Complex Multi-Year Litigation

Defended underwriter against claims alleging misrepresentations and self-dealing in connection with a multi-million-dollar municipal bond offering. This included federal securities fraud claims as well as common-law claims for fraud, breaches of fiduciary duty, negligence, aiding and abetting. After several years of litigation, the United States District Court for the Southern District of New York, citing “blatant acts of bad faith” by the plaintiff, ultimately issued a final order dismissing the entire against Herrick’s client.