Accountants’ & Professional Liability

Band 1 – Securities Litigation
Chambers USA 2024

"Expert securities practice draws on extensive trial experience and regulatory capabilities, fielding particular strength in the representation of accounting and audit firms."
Chambers USA 2024

"[Latham] boasts an excellent team with growing strength in the securities litigation space… Particularly noted for its representation of accounting firms."
Chambers USA 2024

Overview

Latham’s securities litigators advise and defend the world’s major accounting firms and their affiliates across matters and jurisdictions.

Our market-leading team has earned an impressive reputation for defending the Big 4 and other major accounting firms, law firms, and other professional services firms in their most high-profile professional liability matters across venues. Our record of success includes winning rare jury trials of major civil securities fraud cases, as well as before the US Supreme Court. We routinely defend firms, as well as individual accountants, skillfully handling matters that may include multiple prongs, such as civil and criminal litigation, and investigations on a full range of topics, including:

Bankruptcy litigation and bankruptcy retentions
Criminal matters
Peer-review processes related to specific engagements
Professional liability litigation
Section 10A matters and oversight of audit clients’ internal investigations
Securities class actions
State board of accountancy matters
Tax advisory services
US Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) investigations

We also frequently represent US accounting firms in non-US proceedings around the globe, as well as international accounting organizations in both US and global matters.