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Douglas Greene

Douglas Greene

Douglas Greene is chair of the Securities Litigation Group at Lane Powell. He has focused his practice exclusively on the defense of securities class actions, corporate governance litigation, and SEC investigations and enforcement actions since 1997. From his home base in Seattle, he defends public companies and individual directors and officers in such matters around the United States.

Greene spent the first 20 years of his career at national law firms, including Wilson Sonsini Goodrich & Rosati. In 2012, Greene moved his practice to Lane Powell, a prominent Pacific Northwest firm, to establish a securities litigation practice that combines national expertise and regional economics.

Greene frequently writes and speaks on the law, strategy, and economics of securities litigation, including defense-counsel selection and the problem of escalating defense costs, and the emerging areas of board oversight of cybersecurity and corporate disclosure regarding cybersecurity. He is the founder and primary author of the blog D&O Discourse, the only blog to offer opinion on securities litigation issues from a defense-counsel perspective.

Recent Articles by Douglas Greene

Fixing the Economics of Securities Defense

In my last D&O Discourse post, “The Future of Securities Class Action Litigation,” I discussed why changes to the securities litigation defense bar are inevitable: In a nutshell, the economic structures of the typical securities defense firms — mostly national law firms — result in defense costs that significantly exceed what is rational to spend in a typical […]

5 Changes Needed in Securities Litigation

I am committed to helping shape a system for securities litigation defense that helps directors and officers get through securities litigation safely and efficiently, without losing their serenity or dignity, or facing any real risk of paying any personal funds. But we are actually moving in the opposite direction of this goal, and, unless some […]

Future of Securities Class Actions

Securities litigation has a culture defined by multiple elements: the types of cases filed, the plaintiffs’ lawyers who file them, the defense counsel who defend them, the characteristics of the insurance that covers them, the way insurance representatives approach coverage, the government’s investigative policies – and, of course, the attitude of public companies and their […]

Future of Securities Class Actions

Securities litigation has a culture defined by multiple elements: the types of cases filed, the plaintiffs’ lawyers who file them, the defense counsel who defend them, the characteristics of the insurance that covers them, the way insurance representatives approach coverage, the government’s investigative policies – and, of course, the attitude of public companies and their […]

Is the Big-Name Firm the Best Bet?

When I moved my securities litigation practice to a regional law firm from “biglaw,” I made a bet. I bet that public companies and their directors and officers would be willing to hire securities defense counsel on the basis of value, i.e., the right mix of experience, expertise, efficiency and price — just as they […]

Tips for Avoiding Securities Litigation

Here are tips on how public companies can better protect themselves against securities claims — practical steps companies can take to help them avoid suits, mitigate the risk if they are sued and defend themselves more effectively and efficiently. Avoiding suits Companies can avoid many suits with what I’ll call “better-feeling” disclosures. Nearly all public […]

When Not to Use Regular Counsel

When selecting counsel to defend them against a securities class action, companies usually face the question of whether they want to hire attorneys from their regular outside corporate firm. Sometimes, companies will retain their regular outside firm as a matter of course, without even going through an audition process to interview other potential defense firms. […]

Next Up for Cyber: Class Action Suits

Last fall, I wrote about board oversight of cybersecurity and derivative litigation in the wake of cybersecurity breaches.  In this post, I’d like to focus on cybersecurity disclosure and the inevitable advent of securities class actions following cybersecurity breaches.  In all but one instance (Heartland Payment Systems), cybersecurity breaches, even the largest, have not caused a stock […]

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  • Cyber
  • Directors & Officers
  • Innovation & Technology
  • Insurance Law