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6.01.22
Wilson Sonsini Practices, Attorneys Honored in 2022 Edition of Chambers USA Guide
The recently published 2022 edition of Chambers USA: America's Leading Lawyers for Business recognized numerous Wilson Sonsini Goodrich & Rosati practices and attorneys. The firm was ranked in 34 geography-specific practice categories and 70 attorneys were honored among the best in their fields.
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5.19.21
Firm Practices and Attorneys Recognized in 2021 Chambers USA Guide
Numerous Wilson Sonsini Goodrich & Rosati practices and attorneys were recognized in the recently published 2021 edition of Chambers USA: America's Leading Lawyers for Business. The firm was ranked in 29 geography-specific practice categories, while 56 attorneys were honored among the best in their fields.
Client Highlights
8.19.20
Court Dismisses Securities Class Action Against Costco Wholesale
On August 19, 2020, the U.S. District Court for the Western District of Washington dismissed with prejudice a securities class action filed against Costco Wholesale Corporation and its senior management, and entered judgment in favor of defendants.
News Articles
4.28.20
Wilson Sonsini Practices and Attorneys Recognized in 2020 Chambers USA Guide
Numerous Wilson Sonsini Goodrich & Rosati practices and attorneys were recognized in the recently published 2020 edition of Chambers USA: America's Leading Lawyers for Business. The firm was ranked in 25 geography-specific practice categories, while 51 attorneys were honored among the best in their fields.
Client Highlights
12.19.19
Ninth Circuit Affirms Dismissal of Securities Class Action Against Mentor Graphics
On December 18, 2019, the U.S. Court of Appeals for the Ninth Circuit affirmed the dismissal of a securities class action filed against Mentor Graphics, a company that develops, manufactures, and distributes electronic design automation computer software and emulation hardware systems. The complaint alleged that the defendants made false or misleading statements concerning the company's financial projections and the impact of competition and semiconductor industry consolidation on the company's business. The Ninth Circuit held that the plaintiff had failed to plead sufficient allegations giving rise to a strong inference of scienter, as required by the Private Securities Litigation Reform Act (PSLRA). In particular, the Court of Appeals found that the inference of scienter was not as compelling as the plausible inference of defendants’ confidence in the company’s financial projections despite these challenges.
Client Highlights
5.24.18
District Court Dismisses Securities Class Action Against Seattle Genetics
On May 24, 2018, the U.S. District Court for the Western District of Washington granted defendant Seattle Genetics' motion to dismiss with prejudice a securities class action filed against the company following the announcement of an FDA-required clinical hold of trials for a drug meant to treat acute myeloid leukemia. Wilson Sonsini represented Seattle Genetics in the matter.
News Articles
5.18.18
Wilson Sonsini Practices and Attorneys Recognized in 2018 Chambers USA Guide
Numerous Wilson Sonsini Goodrich & Rosati practices and attorneys were recognized in the recently published 2018 edition of Chambers USA: America's Leading Lawyers for Business. The firm was ranked in 25 geography-specific practice categories, while 41 attorneys were honored among the best in their fields.
Client Highlights
8.23.17
Third Circuit Affirms Dismissal of Securities Class Action Against Globus Medical
On August 23, 2017, the U.S. Court of Appeals for the Third Circuit affirmed the dismissal of a securities class action filed against Globus Medical, a medical device company that designs, develops, and sells musculoskeletal implants, particularly for spine disorders. The complaint alleged that certain risk disclosures relating to the possible negative impact on revenues from the loss of distributors for Globus’ product were misleading because such a risk had already materialized when the company decided to terminate a significant distributor. The complaint also alleged that the company’s projections were false since they allegedly did not take into account the loss of revenue from the termination of the significant distributor. The Third Circuit held that the risk disclosures were not misleading because the plaintiff had failed to sufficiently allege that the termination of the distributor had any adverse effect on sales at the time the risk disclosures were made. Further, the Court of Appeals found that the plaintiff had failed to adequately allege that the challenged financial projections were misleading or what, if any, revenues of the terminated distributor were included in those projections. In addition, the court found the projections to be protected by the Private Securities Litigation Reform Act (PSLRA) safe harbor for forward looking statements.
News Articles
5.26.17
Wilson Sonsini Practices and Attorneys Recognized in 2017 Chambers USA Guide
Numerous Wilson Sonsini Goodrich & Rosati practices and attorneys were recognized in the recently published 2017 edition of Chambers USA: America's Leading Lawyers for Business. The firm was ranked in 25 geography-specific practice categories, while 41 attorneys were honored among the best in their fields.