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MoFo Secures Favorable Settlement for Silvergate Directors and Officers

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Morrison Foerster played a leading role in the Chapter 11 cases of Silvergate Capital Corporation and its affiliates,...

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Morrison Foerster played a leading role in the Chapter 11 cases of Silvergate Capital Corporation and its affiliates, representing a former officer of the company and securing a favorable settlement that benefited its client and a broader group of directors and officers, for whom the firm served as a de facto spokesperson.Shortly after entering Chapter 11, Silvergate moved to estimate and cap indemnification obligations owed to its directors and officers as part of a broader effort to maximize recoveries for its preferred shareholders. Through early-stage advocacy and strategic use of recent Third Circuit authority, MoFo successfully blocked the debtors’ strategy and secured a favorable global settlement. Among other things, Silvergate agreed to release all estate claims against its directors and officers, to fund a resolution of related securities litigation, to pay all indemnifiable legal fees, and to establish a $60 million backstop (up from $10 million) for future indemnification obligations. The outcome represents a significant victory for Silvergate’s directors and officers.California-based Silvergate Bank was a prominent financial institution focused on the crypto and digital asset industry. In 2023, it commenced a voluntary liquidation in response to instability in the crypto markets and increased regulatory scrutiny. Its parent, Silvergate Capital Corporation, subsequently filed for Chapter 11 protection in the District of Delaware in September 2024 to wind down its remaining assets. The cases were structured as a liquidation, with the debtors pursuing a strategy that sought to estimate and cap the company’s contingent liabilities, including indemnification claims owed to directors and officers, while facilitating a substantial distribution to its preferred shareholders.MoFo’s advocacy was instrumental in driving an about-face in Silvergate’s strategy. By advancing a focused and legally grounded objection at the outset of the case, the firm secured a materially enhanced recovery for its client and other similarly situated individuals. The result underscores the firm’s ability to deliver efficient, high-impact results in complex, contested restructuring matters.The MoFo team was led by Bankruptcy partner Ben Butterfield, Bankruptcy Litigation partner Theresa Foudy, Bankruptcy counsel Andrew Kissner, and Bankruptcy associate Darren Smolarski, with invaluable support from Investigations + White Collar partners Deborah L. Connor and Haimavathi V. Marlier.

MoFo Secures Favorable Settlement for Silvergate Directors and Officers

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Ben Butterfield is a partner in the Business Restructuring + Insolvency Group in the New York office of Morrison Foerster.Ben has represented debtors, secured creditors, unsecured creditors, official creditors’ committees, and directors and officers in complex restructuring transactions, including both out-of-court financial restructurings and chapter 11 proceedings. Ben has also represented clients in connection with international insolvency-related matters, including litigation-oriented matters as well as transactional work. He is also a member of our global Sustainability + Corporate Responsibility steering committee.Prior to joining Morrison Foerster, Ben was an associate in the New York office of another large law firm. He earned his J.D. from the New York University School of Law.Ben is admitted to practice in New York.

Benjamin Butterfield

Partner

Theresa Foudy is a partner in the New York office and leads the firm’s Bankruptcy Litigation practice group. With more than 25 years of experience in bankruptcy litigation, she has advised Chapter 11 debtors, creditors’ committees, indenture trustees, secured and unsecured creditors, private equity sponsors, independent directors, and distressed investors through all stages of the restructuring process. Theresa also represents clients in a wide range of complex commercial litigation matters, including class‑action securities and accounting fraud, white‑collar criminal matters, and general commercial disputes.Throughout her career, Theresa has worked on many of the United States’ largest and most complex bankruptcy cases, including serving as lead trial counsel in several of the most prominent bankruptcy matters of the last decade. She has advised clients on all types of bankruptcy-related disputes, including suits by or against bankrupt companies, investigations into what led to bankruptcy filings, avoidance actions, and litigation of reorganization plans.Theresa’s representative high-profile matters include: serving as lead trial counsel for wholly owned subsidiaries of a multinational commodity trading and mining company as defendants in a four-day bench trial concerning the rejection of a lease to a power plant in an adversary proceeding before the U.S. Bankruptcy Court for the Southern District of Texas; serving as lead trial counsel for defendant directors in a 15-day bench trial on a creditors’ committee’s motion for standing to assert claims for breach of fiduciary duty and aiding and abetting breach of fiduciary duty in connection with the directors’ approval of a merger transaction and, after prevailing in the U.S. Bankruptcy Court for the Southern District of New York, handling the successful defense of subsequent appeals by the creditors’ committee to the District Court and U.S. Court of Appeals for the Second Circuit; and defending a private equity sponsor against clawback claims seeking over $350 million in dividends and management fees.Theresa also has extensive experience in general commercial, appellate, and criminal litigation. She has represented clients in connection with contract disputes, commercial torts, and accounting fraud and malpractice suits in state and federal courts, as well as in arbitration. In addition, prior to entering private practice, she argued over 100 appeals to New York Appellate Division First Department, New York Court of Appeals, and Second Circuit Court of Appeals as a member of the Appeals Bureau for the New York County District Attorney’s Office and the Office’s Civil Litigation Coordinator.Theresa’s exceptional litigation skills, widely recognized by The Legal 500, Best Lawyers and Super Lawyers, are complemented by her role on the Thomson Reuters Practical Law Bankruptcy Advisory Board.<h4>Representative Experience</h4><h5>Bankruptcy Litigation</h5><ul><li>In re Saks Global Enterprises LLC, et al. (Bankr. S.D. Tex) Counsel to the official committee of unsecured creditors of Saks Global Enterprises LLC and its affiliated debtors in their chapter 11 cases. Saks Global Enterprises, a division of Hudson's Bay Company, is a luxury retail conglomerate headquartered in New York City. It includes prestigious department stores such as Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, and Saks Off 5th.</li><li>In re Thrasio Holdings, Inc., et al. (Bankr. D.N.J.) Counsel to the official committee of unsecured creditors of Thrasio Holdings, Inc. and its affiliated debtors in their chapter 11 cases. Thrasio is an acquisition entrepreneurship company that focuses on acquiring and scaling businesses within the Amazon third-party seller ecosystem.</li><li>Toys “R” Us Litigation Trust v. UPS Supply Chain Solutions, Inc. (Bankr. E.D. Virginia). Successfully obtained summary judgment for the defendant dismissing a $12 million, plus interest, preference claim brought by plaintiff litigation trustee.</li><li>In re Clovis Oncology, Inc., et al. (Bankr. Del.) Counsel to the official committee of unsecured creditors of Clovis Oncology, Inc., and its affiliated debtors in their chapter 11 cases. Clovis is a biopharmaceutical company focused on acquiring, developing, and commercializing cancer treatments in the United States and abroad. Clovis filed for chapter 11 to implement a sale of their assets pursuant to section 363 of the Bankruptcy Code.</li><li>In re GVS Portfolio I B, LLC (Bankr. D. Del.). As counsel to a secured junior mezzanine lender, obtained dismissal of a Chapter 11 case filed by a mezzanine borrower as a bad faith filing following an evidentiary hearing.</li><li>In re Great Value Storage, et al. (Bankr. N.D. Tex.). As counsel to secured creditors holding over $300 million in debt in the Chapter 11 cases of a company with a portfolio of 64 self-storage facilities, prosecuted a numerous contested matters, including a motion to appoint a Chapter 11 trustee.</li><li>In re Valaris plc, et al. (Bankr. S.D. Tex.). Counsel to the official committee of unsecured creditors of Valaris plc and its affiliated debtors in their Chapter 11 cases. Valaris is a leading provider of offshore drilling services to the international oil and gas industry. It currently operates the industry’s largest modern offshore drilling fleet of 67 rigs, and maintains drilling operations in nearly every major offshore market spanning 24 countries. Valaris’s customers include many of the leading national and international oil companies, in addition to numerous local and independent offshore exploration and production companies. The company listed total assets of approximately $13 billion and total debts of approximately $7.85 billion in its first day filings.</li><li>Counsel to an ad hoc group of holders of bonds issued and/or guaranteed by the Commonwealth of Puerto Rico (“constitutional debt”) in connection with the first restructuring proceeding under the newly enacted Puerto Rico Oversight, Management, and Economic Stability Act. Working in coordination with other holders of constitutional debt, the ad hoc group has engaged in targeted litigation and efforts to negotiate a plan for the Commonwealth’s restructuring, while simultaneously defending attempts to invalidate more than $6 billion of the Commonwealth’s $18 billion of outstanding constitutional debt.</li><li>Lead trial counsel for defendant directors in 15-day bench trial on motion of the official committee of unsecured creditors for standing to assert claims against directors for breach of fiduciary duty and aiding and abetting breach of fiduciary duty in connection with their approval of a merger transaction. After prevailing in the U.S. Bankruptcy Court for the Southern District of New York, also handled successful defense of subsequent appeals by the creditors' committee to the District Court and U.S. Court of Appeals for the Second Circuit.</li><li>Conflicts counsel for plaintiff Chapter 11 debtor, a leading provider of residential mortgages. Participated in all aspects of litigation and trial of adversary proceeding against junior secured noteholders.</li><li>Lead trial counsel for a creditor, a state-owned oil and natural gas company, in an evidentiary hearing in connection with a motion to dismiss bankruptcy case pending in the U.S. Bankruptcy Court for the Southern District of Florida.</li><li>Lead trial counsel for defendant, an alternative investment manager, in a 16-day bench trial of creditors' committee complaint seeking equitable subordination, re-characterization, and disallowance of transferee noteholders' claims in adversary proceeding pending in Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of New York.</li><li>Conflicts counsel for an official committee of unsecured creditors in contested evidentiary hearing on debtors' motion to extend exclusivity in Chapter 11 cases pending in the U.S. Bankruptcy Court for the Southern District of New York.</li><li>Represented co-chair of an official committee of unsecured creditors for a global paper and packaging company during a contested confirmation hearing, in which equity holders challenged the valuation of a bankruptcy estate in cases pending in the U.S. Bankruptcy Court for the District of Delaware.</li><li>Argued before the U.S. Bankruptcy Court for the Southern District of New York on behalf of plaintiff, a global financial services firm, in defense of summary judgment motion brought by defendant, a financial services multinational, seeking dismissal of claims for actual fraudulent conveyance arising from the client issuing a guarantee to defendant of billions of dollars of intraday exposure days before filing for bankruptcy.</li><li>Briefed and argued, on behalf of plaintiff, an institutional lender, as a trustee for the holders of $250 million in senior secured notes, oppositions to motion to dismiss complaint and amended complaint alleging breach of contract claims against junior noteholders for violations of an intercreditor agreement in Chapter 11 cases pending in the U.S. Bankruptcy Court for the Southern District of New York.</li><li>Briefed and argued a successful motion to dismiss, on behalf of a global supplier of automotive seating systems, a $264 million patent infringement claim brought in Chapter 11 cases pending in the U.S. Bankruptcy Court for the Southern District of New York.</li><li>Briefed and argued a successful motion to dismiss, on behalf of provider of liquidation services, claims for equitable subordination or re-characterization of debt brought by an official committee of unsecured creditors in the U.S. Bankruptcy Court for the Southern District of New York.</li><li>Obtained dismissal, on behalf of an accounting firm, of a third-party complaint brought by an investment bank seeking a contribution and indemnification from a client in connection with claims for fraud brought by a bankruptcy estate in the U.S. Bankruptcy Court for the Southern District of New York.</li></ul><h5>Commercial Litigation</h5><ul><li>Lead trial counsel for defendants, wholly owned subsidiaries of a multinational commodity trading and mining company, in a four-day bench trial seeking declaratory judgments as to numerous property rights and contractual damages associated with the rejection of a lease to a power plant in an adversary proceeding before the U.S. Bankruptcy Court for the Southern District of Texas.</li><li>Lead trial counsel for plaintiff in an ICC international arbitration against a global energy company that provides equipment, services, and technology in a dispute over breach of equipment supply and construction contract.</li><li>Won a jury verdict for plaintiff, the exclusive distributor of brand-name clothing products in Latin America, suing for breach of contract for premature termination of a license agreement.</li><li>Brought successful motion to dismiss in the U.S. District Court for the Southern District of New York, on behalf of a Panamanian financial institution, of claims alleging breach of fiduciary duty and conspiracy arising from sale of an investment company.</li><li>Prevailed in motions for summary judgment and sanctions in defense of $60 million claim for fraudulent inducement and breach of contract against provider of liquidation services in the U.S. District Court for the District of Massachusetts and successfully defeated appeals from same provider before the First Circuit Court of Appeals.</li><li>Represented an accounting manager at a “Big 4” accounting firm in connection with allegations relating to the preservation of work papers in a proceeding brought by the Public Company Accounting Oversight Board (PCAOB).</li><li>Prevailed in a motion for summary judgment defeating an accounting malpractice claim brought against a “Big 4” accounting firm.</li><li>Won motion to dismiss a state court claim while representing a “Big 4” accounting firm against allegations of malpractice in providing tax advice.</li></ul>

Theresa A. Foudy

Andrew’s primary practice is advising clients with respect to novel and complex insolvency issues, with a particular focus on cross-border and governmental restructurings. He has represented debtors, ad hoc groups, official committees, and individual investors in large chapter 11 and chapter 15 filings, including matters involving digital assets and digital asset companies, as well as disputes and litigation arising from M&A, venture capital and financing transactions in the blockchain and digital asset sector. He is also currently a member of the International Insolvency Institute’s NextGen Leadership Program.Andrew also has an active pro bono practice, including advising numerous tenants in the chapter 11 bankruptcies of their landlords, and has represented ICE detainees in connection with asylum proceedings. He is recognized for his dedication to pro bono and recently received the New York State Bar Association President’s Pro Bono Service Award for the First Judicial District, as well as Morrison Foerster’s Kathi Pugh Pro Bono Service Award.Andrew graduated magna cum laude from Brooklyn Law School, where he served as Articles Editor on the Brooklyn Law Review. As a law student, Andrew worked as a judicial intern to the Honorable Jane Restani, Senior Judge for the United States Court of International Trade.Andrew received an LL.M. in International and European Business Law at the Universidad Pontificia de Comillas in Madrid and graduated magna cum laude from the University at Albany, earning a B.A. in English and Spanish. He is also highly proficient in Spanish.

Andrew Kissner

Of Counsel

Darren is an associate in the firm’s Business Restructuring + Insolvency Group.Darren has experience representing debtors, creditors, and other parties in interest in complex corporate restructurings and chapter 11 bankruptcy cases.Prior to joining the firm, Darren served as a judicial law clerk for the Honorable John K. Sherwood of the U.S. Bankruptcy Court in the District of New Jersey. He also served as a judicial law clerk for the Honorable Lisa A. Firko, J.A.D., of the New Jersey Superior Court, Appellate Division.Darren earned his J.D. from Seton Hall University School of Law. He also holds a B.A., magna cum laude, in political science and criminal justice from Seton Hall University.

Darren Smolarski

Associate

Deborah L. Connor, former chief of the Money Laundering and Asset Recovery Section (MLARS) of the U.S. Department of Justice (DOJ), is a partner in MoFo’s Investigations + White Collar Defense Group. With more than 25 years of service at DOJ, most recently leading its anti-money laundering (AML)/Bank Secrecy Act (BSA) enforcement, Deborah is a leading authority in criminal AML/BSA matters. Drawing upon her unmatched experience in criminal investigations, litigation, and enforcement, Deborah focuses on guiding financial institutions, multinational companies, and individuals through cross-border internal investigations, regulatory enforcement defense, white collar criminal defense, and compliance counseling involving legal issues pertaining to sanctions, anti-corruption, AML/BSA, and cryptocurrency, among others.As chief and principal deputy chief of MLARS, Deborah supervised investigations and prosecutions of numerous high-profile cases involving allegations of corporate and financial misconduct and resolutions involving deferred prosecution and non-prosecution agreements in relation to financial institutions and emerging technologies in the financial services markets, as well as blockchain-based digital assets. As chief, she exercised supervisory authority over the DOJ’s AML program, specifically any charges involving violations of BSA statutes. Deborah has worked with domestic regulators, including the Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, the Federal Reserve, and the Office of Foreign Assets Control, as well as enforcement officials throughout the federal government, including the Departments of State, Commerce, and Treasury. She was also responsible for helping to oversee the Department’s Asset Forfeiture Program. Deborah also served as senior counsel to the assistant attorney general for the Criminal Division.Prior to joining the Criminal Division, Deborah had a distinguished 16-year career as an assistant U.S. attorney in the U.S. Attorney’s Office for the District of Columbia, where she held several leadership positions and supervised hundreds of prosecutors. In her last five years with the office, Deborah served as chief of the Fraud and Public Corruption Section, where she supervised the office’s white collar prosecutions including complex AML and sanctions evasion investigations and prosecutions against global financial institutions and their employees, civil and criminal forfeiture cases, and major financial fraud actions involving corporations and government agencies. As a criminal prosecutor, Deborah has investigated a broad range of white collar and other federal criminal matters, tried over 40 criminal trials in both D.C. Superior and Federal Courts, supervised more than 100 criminal trials, and briefed and argued criminal appeals. Deborah began her career at DOJ as a civil trial attorney in the Antitrust Division’s former Computers and Finance Section.Deborah received numerous awards while at DOJ, including five Special Achievement Awards, and the United States Attorney’s Star Award in the U.S. Attorney’s Office. During her time at the Criminal Division, Ms. Connor twice received the Assistant Attorney General’s Exceptional Service Award and the Assistant Attorney General’s Award for Distinguished Service. In 2021, Deborah was named one of Global Investigations Review’s (GIR) Top 100 Women in Investigations.Prior to joining DOJ, Deborah was a litigation associate at a large D.C.-based law firm, and before entering the practice of law, she joined a large Chicago-based commercial bank, where she served as a relationship manager for U.S. subsidiaries of multinational corporations.Deborah is a frequent speaker on AML and financial crimes enforcement. She has participated as a keynote speaker or panelist at conferences such as the American Bar Association’s (ABA) National Institute on White Collar Crime, ABA’s Financial Crimes Enforcement Conference, the Association of Certified Anti-Money Laundering Specialists’ (ACAMS) Annual AML & Anti-Financial Crime Conference, the Practising Law Institute, and the American Gaming Association.Deborah received her J.D. cum laude from Georgetown University Law Center, where she served on the Georgetown Law Journal as a notes editor. She received her B.A. from Miami University of Ohio.<h4>Representative Experience</h4><ul><li>Supervised the investigation and resolution of a matter involving a global financial institution and its European subsidiary related to fraud on financial investors. The matter resulted in a deferred prosecution agreement with the parent and a guilty plea with a subsidiary, guilty pleas of three employees, financial penalties, fines, and disgorgement.</li><li>Supervised the investigation and resolution of a matter involving a global financial institution and a foreign subsidiary in connection with bond deal underwriting. The matter resulted in a deferred prosecution agreement, a guilty plea for a subsidiary, financial penalties, and the conviction of two former high-level employees.</li><li>Supervised the investigation and resolution of a matter involving a foreign sovereign wealth fund, as part of the misappropriation of over $4.5 billion from the fund. The matter resulted in seizures of over $1.7 billion in assets as part of a civil forfeiture recovery.</li><li>Supervised the investigation and resolution of a matter involving a foreign financial institution related to a money laundering conspiracy in connection with a bribery scheme. The matter resulted in a deferred prosecution agreement, financial penalties, forfeiture, and the guilty pleas of two employees.</li><li>Supervised the investigation and resolution of a matter involving a foreign financial institution related to the processing of transactions in violation of U.S. sanctions. The matter resulted in a parent-level guilty plea and a non-prosecution agreement with a subsidiary, in addition to forfeiture.</li></ul>

Deborah Connor

Haima Marlier is a partner in Morrison Foerster’s Investigations + White Collar Defense Group and co-chairs both its Fintech and Securities Enforcement practices. Drawing on her experience as a former Securities and Exchange Commission (SEC) senior trial counsel, Haima represents public and private companies, financial services providers, and executives, directors, and other individuals in SEC, Commodity Futures Trading Commission (CFTC), Financial Industry Regulatory Authority (FINRA), state securities regulator, and internal investigations, as well as in related litigation. She has more than 20 years of experience litigating in federal, state, and administrative courts, leading complex negotiations, and representing her clients in mediation. She also counsels clients regarding securities enforcement developments, trends, and risk mitigation.Before joining the firm, Haima spent nearly a decade in the SEC’s Division of Enforcement. While at the SEC, Haima served as lead counsel on a number of prominent enforcement litigations and investigations involving public companies, registered investment advisers, broker-dealers, banks, and individuals in matters arising under the federal securities laws. She has also worked closely with foreign securities regulators, numerous U.S. attorneys’ offices, and FINRA.Haima is a member of Law360’s Securities Editorial Board, serves on the advisory board of Securities Docket, and is on the Board of Trustees of the SEC Historical Society. She mentors Penn State students of color who aspire to become lawyers and is a member of the board of directors of, and a volunteer running coach for, Girls on the Run New Jersey, a nonprofit dedicated to inspiring girls to recognize their inner physical and emotional strengths. She maintains an active pro bono practice.Haima has been recognized by Chambers USA for Securities Regulation: Enforcement and Crypto-Asset Disputes; Crain’s New York Business’s Notable Women in Law and Notable Diverse Leaders in Law; The Legal 500 US as a recommended lawyer in Securities Litigation: Defense, Investigations and White Collar Criminal Defense, and Fintech; Securities Docket’s Enforcement Elite; and the New York Law Journal for her efforts in the diversity and inclusion space.Haima received her J.D. from Boston College Law School and her B.A. from The Pennsylvania State University.<h4>Representative Experience</h4><h5>Cybersecurity</h5><ul><li>Successfully resolved an SEC investigation into a global technology solutions company’s cybersecurity risk disclosures and disclosure controls, policies, and procedures, with an acknowledgment by the SEC of the client’s significant remediation and cooperation.</li><li>Representing a global tech service management company in an SEC inquiry into its cybersecurity incidents and disclosures.</li><li>Represented numerous public companies and other clients in the SEC’s SolarWinds cybersecurity enforcement sweep.</li><li>Advising numerous public companies and SEC-registered firms on the efficacy of their cybersecurity disclosure controls and procedures and the materiality of cybersecurity incidents.</li><li>Represented a major technology company in an internal investigation into its cybersecurity statements and controls, policies, and procedures.</li></ul><h5>Fintech & Crypto</h5><ul><li>Represented a nonprofit foundation supporting a major blockchain, as well as two of its senior individuals, in an SEC investigation, with a complete termination letter issued by the SEC.</li><li>Successfully resolved an SEC crypto investigation into anti-money laundering and other compliance and monitoring programs on behalf a former senior bank executive.</li><li>Representing a leading cryptocurrency exchange platform in responding to SEC, CFTC, and state attorney general subpoenas and other requests for information.</li><li>Obtained a successful federal court settlement for a venture capital fund in a securities class action concerning an unregistered digital token offering.</li><li>Advising numerous Fintech companies, from startups to mature organizations, on securities enforcement compliance best practices and enforcement risk mitigation.</li><li>Represented a private investor in an SEC investigation related to a reverse merger involving a cryptocurrency company with no action taken by the SEC.</li></ul><h5>Artificial Intelligence</h5><ul><li>Representing a major tech company in an SEC investigation focused on AI-related disclosures and policies.</li></ul><h5>Accounting & Financial Reporting</h5><ul><li>Represented the former Chief Operations Officer of a major NASDAQ-listed food distributor in SEC and special committee investigations, with a complete termination letter issued by the SEC, as well as in related Delaware Court of Chancery litigation, which was favorably resolved.</li><li>Successfully resolved SEC and special committee investigations into related-party transaction disclosures and accounting issues, as well as related shareholder litigation, on behalf of a former CEO of a NASDAQ-listed company.</li><li>Represented an audit committee of a public company in an internal investigation resulting from a whistleblower complaint alleging accounting and disclosure issues.</li><li>Represented a leading public company in an internal investigation resulting from a whistleblower complaint alleging accounting and disclosure issues.</li></ul><h5>Other Securities Enforcement Matters</h5><ul><li>Represented the former CEO of a major company listed on the New York Stock Exchange in an SEC insider trading investigation with no action taken by the SEC.</li><li>Represented an individual in an SEC investigation concerning the “pay-to-play” rule.</li><li>Represented a private investment fund in a COVID-19 related SEC insider trading investigation with no action taken by the SEC.</li><li>Represented a broker-dealer in a for-cause FINRA examination into anti-money laundering and other issues.</li><li>Represented a leading international company in government investigation into pharmaceutical drug pricing.</li><li>Represented a biotech company in a Massachusetts Securities Division investigation concerning securities registration exemptions and representations to investors regarding securities registration with no action taken by the state regulator.</li><li>Obtained a successful resolution for a pre-IPO biotech company in a wrongful termination lawsuit brought by a co-founder and former CEO terminated by the board of directors.</li><li>Represented the SEC in all stages of federal and administrative proceedings, including at trial and on appeal, in matters involving violations of the federal securities laws.</li></ul>

Haimavathi Marlier

Business Restructuring + Insolvency

Litigation