Frederick William ("Will") is a senior projects associate in the Firm’s New York office, focusing on complex securities fraud litigation and oversight of the Firm’s litigation discovery efforts.
Will recently contributed to the Firm’s discovery efforts in In re Genworth Financial Inc. Securities Litigation, managing the staff attorney discovery team from inception to settlement. The case alleged that Genworth, the largest seller of long-term care insurance in the U.S., misled investors about the true state of its deteriorating long-term care business. On May 1, 2015, U.S. District Judge James R. Spencer denied defendants’ motion to dismiss. The parties reached a settlement of $219 million, establishing a record for securities litigations in the Eastern District of Virginia.
Previously, Will contributed to the Firm’s discovery efforts in the securities litigation against Weatherford International Ltd. on behalf of the Anchorage Police & Fire Retirement System (Freedman v. Weatherford International Ltd., et al.). The case alleged that Weatherford, which made three restatements of audited financials totaling approximately $1 billion, misled investors about the Company’s tax accounting. After more than three years of intense litigation, including 22 depositions and complex expert testimony, plaintiffs reached an outstanding recovery of $120 million on behalf of shareholders.
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