How They Won It: Ropes & Gray LLP

Law360, New York (May 11, 2011, 8:14 PM EDT) -- With mutual fund shareholders attacking State Street Corp.’s marketing disclosures, Ropes & Gray LLP’s John Donovan didn’t just parry the plaintiffs' claims but advanced a watershed argument against loss causation, recasting mutual fund liability in securities litigation.

Donovan led a team of five Ropes & Gray lawyers that faced down a putative class action alleging State Street was liable for tens of millions of dollars in investor losses because the prospectus for the mutual fund misrepresented the fund’s subprime exposures.

While Donovan had some success challenging...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Yu v. State Street Corp.


Case Number

1:08-cv-08235

Court

New York Southern

Nature of Suit

Labor: E.R.I.S.A.

Judge

Paul A. Crotty

Date Filed

September 24, 2008

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.