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We counsel a variety of clients in high-profile, complex securities litigation matters, including issuers, investment banks, and auditors. We have extensive experience litigating civil securities cases in state and federal courts nationwide, as well as in handling non-public securities enforcement and internal compliance matters. We frequently are retained to conduct internal investigations relating to allegations of insider trading or other misconduct. We are regularly called upon by boards of directors, audit committees and special committees to handle their most sensitive assignments.

• Davis Polk ranked in the first tier among New York law firms in securities litigation matters, according to Chambers USA (2008)—"[C]lients 'think the world of' the firm’s securities litigation practice, in which 'responsive and insightful' lawyers regularly act for… a number of investment banks.”

• We are representing Morgan Stanley in industry-wide litigation relating to short selling and securities lending, including in Overstock.com, Inc., et al. v. Morgan Stanley & Co., et al.; Avenius, et al. v. Banc of America Securities, et al.; and TASER International, Inc., et al. v. Morgan Stanley & Co., et al.
• We represent E*Trade in securities class action suits filed against the company in connection with its recent announcements regarding losses stemming from exposure to the subprime debt market.
• We regularly represent Deloitte & Touche, KPMG, and PriceWaterhouseCoopers
  in securities and “failed company” litigation and SEC enforcement proceedings, including in cases relating to Tyco, Lernout & Hauspie, Parmalat, Royal Ahold, Nortel, Warnaco and a variety of options backdating matters. We have secured the dismissal of numerous class actions brought in courts across the nation, and have successfully defended dismissals in various Courts of Appeals.
• We represent financial institutions including Credit Suisse, JPMorgan, Morgan Stanley and Toronto Dominion in numerous matters, including civil litigation relating to equity analyst independence, alleged price-fixing with respect to underwriting spreads, short selling and prime brokerage, and alleged fraud in connection with various securities offerings.
• We represented Oracle in a shareholder derivative action seeking to enjoin its acquisition of Agile Software. The court rejected plaintiffs’ preliminary injunction motion and plaintiffs agreed to dismiss the case with prejudice.
• We represented Mercury Interactive (now a subsidiary of Hewlett-Packard) in a lengthy SEC investigation relating to alleged options backdating.
• We represent Banca Nazionale Del Lavoro as defendant in litigation related to the alleged fraud committed by and against Parmalat and its affiliates.