Securities & Commodities Litigation

Civil Litigation
White Collar & Investigations

Zuckerman Spaeder has vast experience defending senior executives, officers and directors, lawyers, and various other entities and individuals in investigations and trials involving a wide range of securities, bank, financial, and accounting fraud matters.

Our cases typically involve investigations initiated by the Department of Justice or the Securities and Exchange Commission, and they are often accompanied by private securities class actions. We have tried both criminal and civil securities enforcement cases to verdict, and we have successfully represented clients in all forms of attendant civil litigation.

Our cases have involved allegations or charges of insider trading, securities fraud, stock option backdating, money laundering, bank fraud, mail and wire fraud, Foreign Corrupt Practices Act (FCPA) violations, and books and records violations, among other types of cases. Although many law firms handle securities enforcement cases, few firms have our depth of experience at trial and litigating these types of matters.

Experience Highlights

Our attorneys regularly defend private securities claims, including class actions, derivative suits, and Employee Retirement Income Security Act (ERISA) actions. Our experience makes us adept at quickly identifying the specific issues at the heart of claims against our clients, then developing and pursuing a litigation strategy that focuses intensely on those matters. Through this approach, we are able to target our discovery efforts at locating documents and eliciting testimony that bolsters our clients’ defense. We also are skilled at working well with companies’ outside counsel and attorneys representing other defendants, and know how to work within joint defense agreements to best serve our clients’ interests.


Enforcement and investigative proceedings before the SEC can affect a wide range of activities by companies, individual officers and directors, and the professionals who advise them, including accountants and attorneys. We are as familiar with the inner workings of the SEC as we are with the substantive issues the SEC investigates. Many times, securities-related malfeasance may concurrently give rise to criminal proceedings, regulatory enforcement, and private securities actions. We have helped many clients navigate through the risks posed by such parallel proceedings. The firm has appeared before the SEC on behalf of individual clients in many noteworthy and topical government investigations, including Enron, AOL/Time Warner, Freddie Mac, and the mutual fund industry investigation. While the firm has vigorously contested government investigations, in many cases we have worked with SEC staff to facilitate their understanding of a case to help them arrive at a decision that allows our client to avoid a public enforcement action.