Peter B. Morrison has a broad litigation practice, representing clients in both federal and state courts, with a particular emphasis on takeover and securities litigation. Mr. Morrison advises corporations on matters involving both federal and state securities laws, duties of corporate directors, SEC and stock exchange inquiries and investigations, civil RICO and contests for corporate control. He also handles litigation relating to issues arising out of the subprime mortgage industry and stock options backdating.
Among others, Mr. Morrison has represented:
- American Land Lease, Inc., in successfully preventing attempts in state and federal court to enjoin the pending $438 million acquisition by Greene Court Partners LLC;
- certain former outside directors of Countrywide Financial Corporation in securities, derivative and ERISA litigations;
- officers and directors of Apollo Group, Inc. in securities and derivative lawsuits arising from allegations of options backdating;
- Gateway, Inc. and its board of directors in a lawsuit brought by Gateway’s shareholders in both California and Delaware seeking to enjoin its $710 million merger with Acer, Inc.;
- Oakley, Inc. and its board of directors in a lawsuit brought by one of Oakley’s shareholders seeking to enjoin the $2 billion acquisition of Oakley by Luxottica Group S.p.A (Italy);
- the special committee of independent directors of Station Casinos, Inc. in litigation seeking to enjoin Station Casinos’ more than $8 billion going-private transaction;
- Leonard Green & Partners in a lawsuit seeking to enjoin PETCO Animal Supplies, Inc.’s $1.8 billion going-private transaction; and
- Freedom Communication, Inc., publisher of the Orange County Register, in a wage and hour class action lawsuit concerning the independent contractor status of the Register’s newspaper carriers, including a two-month trial.
Mr. Morrison is on the firm’s Los Angeles office recruiting committee and participates in new lawyer training.