Law360 listed Shearman & Sterling as one of the top firms for defending companies in securities matters. The March 17, 2017 article includes Shearman & Sterling in a list of firms that have “distinguished themselves as the go-to firms for both investors seeking to recoup their losses and defendants fending off bet-the-company litigation, becoming the top shops in federal securities cases in the U.S.”
The article is based on empirical data published in Lex Machina’s Securities Litigation Report 2017, which was compiled from an in-depth analysis of federal court filings between 2009 and 2016. The report focuses on the firms that most frequently represented defendants in securities litigation and top plaintiffs’ firms.
Adam Hakki, Global Head of Shearman & Sterling’s Litigation Group, commented that “we were pleased to see the data indicating that we are among a small group of the most active defense firms in handling securities litigation, over a lengthy period of time, as an additional indicator of the level of client service and excellence we work daily to achieve.”