“ Jordan is the total package of what you could want from a lawyer: judgment, expertise, toughness, and business savvy.
— Chambers USA Client Quote
Co-chair of Morrison & Foerster’s Securities Litigation, Enforcement, and White-Collar Defense Group, Jordan is one of the leading securities litigators in the United States, known for his success in handling complex, high-stakes cases. He has more than 30 years of experience representing public companies and their officers and directors in:
Jordan understands the big-picture challenges facing companies and individuals in securities litigation, as well as the intricacies of the legal issues. As co-leader of the successful defense of JDS Uniphase Corp. and its former executives in a securities class action jury trial seeking $20 billion in damages—the largest in history—Jordan is one of the few lawyers who has taken a securities class action to trial and won a complete jury defense verdict.
Jordan’s clients cover a broad range of industries, including financial services, computer software and hardware, life sciences, manufacturing, and consumer products. He is routinely recognized in the legal industry and praised by clients for his exceptional legal work:
“Jordan Eth is in a class of his own. He is deeply knowledgeable and experienced and a natural leader without ego issues. He thinks strategically and is extremely responsive, realistic, and clear in his assessments of situations. He is able to marshal resources within Morrison & Foerster as necessary. And if that were not enough, he is easy to work with. I could not recommend him more highly.”
– Best Lawyers in America Client Quote
“Jordan understands the CEO mentality with respect to securities actions and navigates the corporate politics of these matters with the same expertise with which he handles the legal case.” – Client
A frequent speaker on securities litigation topics at events and conferences across the United States, Jordan actively participates in programs put on by The SEC Enforcement Forum, the Practising Law Institute, and the Stanford Directors’ College. During Winter Quarter 2012 and Spring Quarter 2017, Jordan taught “Modern Securities Fraud Litigation: Public and Private Enforcement” as an Adjunct at Stanford Law School. He has also authored dozens of articles on securities litigation.
Jordan served as a law clerk to the Honorable Chief Judge Robert F. Peckham, United States District Court for the Northern District of California, from August 1985 through August 1986. From 1980 through 1982, he worked as an economist in Washington, D.C., first for the United States Department of Energy and then for the Budget Committee of the United States House of Representatives.Show More
(N.D. Cal.) Defeated an effort by three plaintiffs' firms to enjoin the shareholder vote on the $4.5 billion sale of Yahoo's operating assets to Verizon. Represented Altaba (formerly Yahoo!) and its former officers in a securities class action arising out of the then-largest data breach in U.S. history. After defeating a preliminary injunction, negotiated a favorable settlement.
(E.D. Va.) Represented Capital One in shareholder derivative litigation alleging breach of the duty of loyalty, corporate waste, and unjust enrichment. Won a motion to dismiss without leave to amend.
(Alameda Cty. Sup. Ct.) Represented Clorox and its directors in a shareholder suit that sought to undo the results of its 2012 vote on proposals regarding executive compensation and an amendment to increase the number of authorized shares under the company’s stock incentive plan. Won a complete defense verdict.
(N.D. Cal.; San Francisco Sup. Ct.; D. Del.) Represents Fitbit and its officers and directors in multiple class actions alleging Fitbit misled investors about the accuracy of its heart rate monitoring technology and made accusations of insider trading. In a related case, successfully moved the San Francisco Superior Court to stay the state actions in favor of the federal litigation before negotiating a favorable settlement.
(N.D. Cal.) Co-led the team that obtained a complete defense verdict on behalf of JDS Uniphase Corp. and its former executives in a securities class action seeking $20 billion for alleged securities fraud and illegal insider trading in the largest securities class action jury trial in history.
(D. Colo.; 10th Cir.) Represented Level 3 and its executives and directors in a securities class action arising out of its acquisition of another company. Won a motion to dismiss. The Tenth Circuit Court of Appeals affirmed the dismissal.
(N.D. Cal.) Represents the board of directors of Oracle in a shareholder derivative action that followed on the heels of a federal securities class action pending in the same court related to the company’s Cloud business. Also represented Oracle in multiple shareholder derivative litigations after it announced a $199.5 million settlement of a qui tam action. Guided all matters to a single mediation, which resulted in a favorable global settlement.
(N.D. Cal.) Represented Restoration Hardware and its officers in defense of claims that they hyped the launch of a new product line. Negotiated a favorable settlement of the case.
(N.D. Cal.) Represented Solazyme and its executives and directors in a securities class action that challenged the accuracy of statements relating to the company’s launch of a new production facility overseas. Won a motion to dismiss with prejudice.
(9th Cir.; Del.; N.D. Cal., Del. Ch.) Defended Yahoo! and its directors and officers against multiple securities and derivative claims, including claims arising from a high-profile data breach and from the company’s share buy-back program. These representations included an action in New York Supreme Court Commercial Division, a “demand refused” derivative action, and a California State Court preliminary injunction motion, where he defeated plaintiffs’ attempts to enjoin the stockholder vote on Yahoo!’s $4.5 billion sale of its operating business to Verizon. On multiple occasions, secured dismissal of derivative claims that the Delaware Supreme Court, and Ninth Circuit have affirmed in published opinions.
(N.D. Cal; Super. Ct. San Francisco Cty.) Represented Zynga and its executives and directors in a derivative litigation that alleged breaches of fiduciary duty and insider trading. Negotiated a favorable settlement.
Daily Journal 2021
Legal 500 US 2019-2021
Best Lawyers in America 2008 – 2022
Chambers USA California 2013 – 2021
Chambers USA 2013 – 2017
Benchmark Litigation 2019
Benchmark Litigation 2019
Chambers USA 2019