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Fenwick & West Wins Significant Securities Litigation Victory in the Ninth Circuit

December 4, 2008 (Mountain View, CA) – The Ninth Circuit affirmed dismissal of a securities class action against Fenwick & West client GE-InVision. The case arose following InVision's announcement of possible Foreign Corrupt Practices Act (FCPA) violations and investigations by the DOJ and SEC during the pendency of InVision's acquisition by General Electric. The Fenwick & West team successfully argued in the district court, and again before the Ninth Circuit, that notwithstanding FCPA settlements with both the DOJ and SEC, investors had no claim against the company or its management for securities fraud. Click here to read the opinion.