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Press Releases

Fish Earns 2014 Texas Securities Litigation Department of the Year Honor

June 2, 2014

Press Releases

Fish Earns 2014 Texas Securities Litigation Department of the Year Honor

June 2, 2014

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Fish & Richardson is being honored for having the 2014 Texas Securities Litigation Department of the Year by the publishers of Texas Lawyer newspaper following the firm’s successful representation of billionaire Mark Cuban in last year’s highest-profile insider-trading trial.Fish & Richardson - Texas Litigation Department of the Year - Securities

The firm’s defense of Mr. Cuban is detailed in a special Litigation Departments of the Year supplement appearing in the June 2 issue of Texas Lawyer. In addition to Fish & Richardson, 10 other firms are being recognized for general litigation or their expertise in specific areas of law. All will be honored during a ceremony hosted by Texas Lawyer on Oct. 22.

Mr. Cuban was sued by the U.S. Securities and Exchange Commission in 2007 for alleged violations of U.S. securities laws after he sold 600,000 shares of stock in the now-defunct Internet search company Mamma.com in 2004. The SEC sought as much as $2.5 million in civil penalties based on claims that Mr. Cuban avoided hundreds of thousands of dollars in potential losses because he allegedly relied on insider information when selling his stock.

Attorney Thomas M. Melsheimer, managing principal of Fish’s Dallas office, served as Mr. Cuban’s lead trial counsel during the trial in U.S. District Court for the Northern District of Texas. Fellow Dallas principals Natalie L. Arbaugh and Scott C. Thomas also played key roles in the three-week trial, which concluded Oct. 16, 2013, with a unanimous verdict clearing Mr. Cuban.

“Our firm has successfully represented Mr. Cuban for many years in cases with higher financial stakes, but the insider-trading win was perhaps our biggest victory ever on his behalf,” says Mr. Melsheimer. “This was a true team effort that resulted in a just outcome, and we all are honored to be recognized for our work.”

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