Pfeiffer Thigpen
FitzGibbon & Ziontz LLP

Jan 5 2012

Tom FitzGibbon and Kim Thigpen recently settled on very favorable terms four securities fraud cases pending in the United States District Court for the District of Wyoming in which the Firm represented a broker-dealer and multiple control persons. The case involved claims by multiple plaintiffs under the federal securities laws as well as related state law claims based on the sale of debentures to investors in several oil and gas offerings. Plaintiffs sought damages of approximately $2.0 million, as well as interest and punitive damages. In 2010 the Court granted each of the Motions to Dismiss filed with respect to all of the federal securities claims under Section 10(b) and Rule 10b-5 and all state law claims against the clients excepting claims for negligence under Wyoming law. Recently Tom and Kim were able to resolve the remaining aspects of the case against the clients by all the plaintiffs.

The Firm was able to resolve these multiple complex cases in a very cost-effective manner through effective early analysis of the facts and the key legal issues and narrow the cases through targeted motions to dismiss under the PSLRA and state law. The successful motions were made possible by the Firm's ability to understand the facts quickly through the use of litigation databases and electronic discovery analysis tools.

If you have any questions about the Firm's complex litigation practice, securities law practice or electronic discovery capability, please contact Tom FitzGibbon for more information: tom@ptfzlaw.com or 424.354.3489.