High-Yield Bond Litigation

Represented institutional investors in claims for fraud against underwriters of high-yield bonds issued by a Thai Steel Mill. Ultimately recovered by settlement 80% of their out-of-pocket damages. In the course of the litigation, we established, in two separate published opinions, that a sophisticated investor is not required to conduct an independent investigation as to the accuracy of statements made in an offering memorandum when there is nothing obviously suspicious about those statements. 
Past results are reported to provide the reader with an indication of the type of litigation we practice. They do not and should not be construed to create an expectation of result in any other case, as all cases are dependent upon their own unique fact situation and applicable law.
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