D&G Law

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Recent News

Donaldson Moderates Business Tort & Antitrust Panel Discussion at Bar Meeting Tuesday, 17 July, 2012

David Donaldson is the moderator of a panel discussion on July 19th at the Alabama State Bar Annual Meeting on “Hot Topics in Business Torts and Antitrust Law.” The panel consists of Mr. Donaldson, Honorable R. David Proctor (U.S. District Court Judge, N.D. Ala), Honorable Scott Donaldson (Circuit Judge, Sixth Judicial Circuit of Ala) and Honorable Michael F. Bolin (Associate Justice, Alabama Supreme Court).  The handout is available here.

Donaldson Guin Files Securities Class Action over TVIX Exchange-Traded Notes Tuesday, 17 July, 2012

iStock_000007358300XSmallDonaldson & Guin, LLC has filed a securities class action against Credit Suisse AG, Credit Suisse Securities (USA), LLC and certain officers and directors on behalf of investors in VelocityShares Daily 2x VIX Short-Term Exchange Traded Notes (symbol: TVIX).  The case, captioned Grace Trading, LLC, et al. v. Credit Suisse AG, et al., No. 12-CV-5475 (S.D.N.Y.), asserts claims under the Securities Act of 1933 on behalf of investors who purchased or otherwise acquired VelocityShares Daily 2x VIX Short Term Exchange Traded Notes (“TVIX ETNs”) (ticker symbol “TVIX”), and alleges that the TVIX ETNs were intended to track the level of volatility in the S&P 500 VIX Short-Term Futures Index. However, on February 21, 2012, Credit Suisse temporarily suspended further issuance of the TVIX ETNs, purportedly due to internal limits reached on the size of the ETNs. As a result, the shares increased dramatically in price, trading at prices uncorrelated to the VIX Index. On March 22, 2012, the TVIX ETNs decreased in price by over 29% as market rumors surfaced that Credit Suisse might begin reissuing the shares. That same day, even though volatility in the S&P 500 increased, Credit Suisse announced that it would begin reissuance, and, on March 23rd, the TVIX ETNs plummeted in price by another 30%, resulting in disastrous losses to investors. The Complaint alleges that during the Class Period, Credit Suisse violated the Securities Act by making material misstatements and omissions regarding risks associated with the TVIX ETNs in offering materials. A copy of the complaint is available here.

If you wish to serve as lead plaintiff for the case, you must file a motion with the Court no later than July 24, 2012.  The plaintiffs in this action are represented by Donaldson & Guin, LLC, a firm located in Birmingham and Chicago. If you wish to discuss this action, please contact David Guin.

David Donaldson and David Guin Recognized as Alabama Super Lawyers Friday, 29 June, 2012

BIRMINGHAM, AL- David Donaldson and David Guin from the Birmingham law office of Donaldson & Guin, LLC were recently selected for inclusion in Super Lawyers, a rating service of lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research, peer nominations and peer evaluations.

About Super Lawyers

Super Lawyers magazine features the list and profiles of selected attorneys and is distributed to attorneys in the state or region and the ABA-accredited law school libraries. Super Lawyers is also published as a special section in leading city and regional magazines across the country. Super Lawyers magazine is published in all 50 states and Washington, D.C., reaching more than 13 million readers. For more information visit http://www.superlawyers.com/

Donaldson & Guin’s Newest Attorney Named to Birmingham Bar Association’s 2012 Future Leaders Forum Friday, 29 June, 2012

 Only 15 Area Lawyers Chosen

 BIRMINGHAM, AL- Star Mishkel Tyner of Donaldson & Guin, has been named to the Birmingham Bar Association’s 2012 Future Leaders Forum.

The Future Leaders Forum helps participants develop relationships with former and current bar leaders and gives participants the opportunity to learn from and interact with leaders from the Birmingham business and legal communities. It also provides the opportunity for the participants to develop leadership skills to benefit their firms, careers and the community at large. Because participation is highly selective, only 15 Birmingham-area young attorneys were selected to participate in the event for 2012.

Tyner graduated from the University of Southern California’s School of Law in 2006. While in law school, she was the Senior Editor of the Southern California Review of Law and Social Justice, which also published her law review note. Ms. Tyner obtained her B.A. from the University of Chicago in 2002, graduating with distinctions including highest Academic Honors in the Humanities and the Dean’s List for her four years in college. In addition to being a member of the State Bar of California, Ms. Tyner became a member of the Alabama State Bar in 2008.

Donaldson Guin Attorneys Honored by Birmingham Magazine Friday, 09 March, 2012

Congratulations to Dawn Evans (Business Law; Rising Star), Rex Slate (Personal Injury) and David Guin (Civil Litigation) for being named by Birmingham Magazine as among the “Top Attorneys” in Birmingham. The magazine’s lists were compiled from surveys of Birmingham attorneys.

Dawn Evans Wins $350,000 Jury Verdict Thursday, 27 October, 2011

Congratulations to Dawn Evans for winning a $350,000 jury verdict in a real estate condemnation case!

David Donaldson named to The Best Lawyers in America (2012 ed) Tuesday, 06 September, 2011

Congratulations to David Donaldson for being named to The Best Lawyers in America’s 2012 edition. Selection to Best Lawyers is based on an exhaustive and rigorous peer-review survey (comprising more than 3.9 million confidential evaluations by your fellow top attorneys) and because no fee or purchase is required to be listed, inclusion in Best Lawyers is rightly considered a singular honor.

D&G and Ala Securities Commission Obtain $200 Million for Investors Friday, 08 July, 2011

As one of the lead states for a 13-state task force, working cooperatively with the SEC and FINRA, the Alabama Securities Commission has obtained $200 million in investor restitution, plus penalties of $10.5 million, for investor losses arising out of sales by Regions Morgan Keegan (RMK) of mutual funds with over-concentrations in subprime mortgage-backed securities. D&G is honored to have been retained as outside counsel in this matter by the Alabama Securities Commission. David Guin was appointed as a Deputy Attorney General of the State of Alabama for this matter by the Governor and Attorney General. Read more about the case on the Alabama Securities Commission’s page.

David Guin Speaks at New York Institutional Investor Conference Thursday, 09 June, 2011

David Guin spoke recently at the National Summit on the Future of Fiduciary Responsibility conference for institutional investors in New York. Topics included pre-litigation securities fraud settlement strategies, the role of institutional investors as private regulators and agents of corporate accountability, and litigation regarding mortgage-backed securities.

David Donaldson again named to Super Lawyers list Wednesday, 25 May, 2011

David Donaldson was named to the 2011 Super Lawyers list of Alabama attorneys for Business Litigation.