Securities Litigation
- Represented three former board members and the Chairman of a Finnish listed company as defendants in criminal proceedings concerning a suspected securities markets information offence. Following our successful defence in the District Court all charges against our clients were dismissed. The Court of Appeal upheld the decision regarding the three board members. Thus far this is one of the few cases concerning board members' criminal liability in securities markets information matters. The decision is final.
- Various Finnish companies in connection with regulatory investigations conducted by the Finnish Financial Supervision Authority and in proceedings before the Disciplinary Board of the Helsinki Stock Exchange, concerning suspected infringements of securities market regulations and the Rules of the Stock Exchange.
- A Finnish listed company in criminal proceedings concerning a breach of the duty of disclosure provided for in the Finnish Securities Market Act. To the satisfaction of our client, the case ended in waiver of charges.
- A leading Finnish bank in a high-profile criminal case against the issuer of shares, sellers of shares, board members of the issuer and our client who organized the issuing and sale. The claim against our client was based on the prospectus. This was an exceptional case in that three state prosecutors were involved, and it received a lot of media attention. The District Court dismissed all charges against our client.