Paul, Weiss is widely recognized as having one of the nation’s preeminent securities litigation and regulatory practices. For two decades, our lawyers have guided global corporations and financial institutions through a series of “bet-the-company” securities-related crises, consistently reducing or eliminating their most damaging claims and negotiating favorable resolutions.
Paul, Weiss Achieves Victory for Yorkville Advisors
Practices
On December 6, Paul, Weiss obtained a significant victory on behalf of its client Yorkville Advisors, LLC, when Judge Stanley Chesler of the United States District Court for the District Court of New Jersey granted a motion to dismiss "short-swing profit" claims asserted against Yorkville's investment company, YA Global Investments, under Section 16(b) of the Securities and Exchange Act of 1934, in Klawonn v. YA Global Investments, L.P.
While the plaintiff argued that YA Global was a statutory insider of NeoMedia Technologies, a company specializing in barcode technology, Judge Chesler was swayed by the argument that all relevant securities agreements contained blocker provisions that limited YA Global's potential ownership to below the threshold necessary for insider liability under 16(b).
The Paul, Weiss team representing YA Global Investments included litigation partner Dan Kramer and counsel Robert Kravitz.