How They Won It: Paul Hastings Saves Ex-Homestore CEO $1.3B
Law360, New York (October 19, 2011, 6:37 PM EDT) -- Already serving more than four years in prison for his alleged role in a $67 million accounting scandal, former Homestore.com Inc. CEO Stuart Wolff turned to Paul Hastings LLP earlier this year to defend him in a related securities fraud class action and shield him from a proposed $1.25 billion judgment. He's glad he did.
Following a 10-day trial in February, a jury found Wolff liable for a handful of misstatements that contributed to shareholder losses. However, capitalizing on never-before-litigated provisions of the Private Securities Litigation Reform Act, Paul Hastings partner Howard Privette and associate Scott Carlton convinced a judge in...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!