How They Won It: Paul Hastings Saves Ex-Homestore CEO $1.3B
By Paul Hastings Professional
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