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Street and buildings in Philadelphia from above

Securities

Conrad O’Brien handles a wide range of securities-related disputes in judicial proceedings, regulatory investigations, and enforcement proceedings. Our clients include investment advisers, issuers, broker/dealers, directors and officers, and individual investors.

Notable Cases

  • Represented a former officer of a medical equipment financing company in proceedings that arose after the company filed for bankruptcy. The proceedings included lawsuits by the bankruptcy trustee, shareholders, bondholders and financial institutions, and investigations by the SEC and the Department of Justice. The DOJ declined prosecution and, after a lengthy Wells process, the SEC declined to pursue an enforcement action against our client. Two of the civil cases were settled with a minimal contribution from our client, and class action shareholder plaintiffs agreed voluntarily to dismiss our client with no monetary settlement.

  • Represented a former interim chief financial officer for a startup company that was alleged to have operated the largest green-energy Ponzi scheme in the United States. A class action and a parallel civil action filed by the receiver for the startup company asserted various claims against the former CFO along with other professionals associated with the company. In addition to defending against those actions, Conrad O’Brien also assisted the former CFO in a coverage dispute with multiple insurers. Conrad O’Brien secured coverage and obtained a global settlement agreement resolving both lawsuits without any payments from the former interim CFO.

  • Represented the chief financial officer of a bankrupt subprime lender in a federal securities class action and state court litigation in Pennsylvania. Successfully settled the federal and state cases, negotiating on our client’s behalf with the D&O insurance carrier to pay the settlement amounts.

  • Represented a securities brokerage firm affiliated with one of our insurance company clients in a putative securities class action relating to the sale of promissory notes. The case was settled for nuisance value.

  • Represented a FINRA registered representative in civil and regulatory proceedings related to his former employment. Successfully defended our client both in the civil liability proceedings and in a separate insurance coverage declaratory relief action. On the regulatory side, advised the client through all phases of the FINRA investigation, including negotiating a disposition involving no payment of restitution, disgorgement, or any fines.