Mr. Poss has represented a broad range of clients ranging from Fortune 50 corporations and the major global investment banks to middle-market private equity firms and their portfolio companies. He spends much of his time representing both domestic and internationally based corporations, corporate officers and directors, and special board committees in crisis situations. He also counsels clients on corporate governance and compliance issues.
Mr. Poss has represented corporations and their directors and financial advisors across the country in successfully defending litigation involving more than $100 billion in merger and acquisition transactions. He also represents REITs, hedge funds, venture capital and private equity firms, as well as their portfolio companies, in connection with deal protection, IPO issues, corporate governance issues, shareholder disputes and transactional litigation.
Mr. Poss has recently represented:
- Nomura Securities, Goldman Sachs, Credit Suisse, Morgan Stanley, and other clients in defending multiple cases in multiple courts involving billions of dollars in mortgage-backed securities and other offerings. In the Nomura Plumbers’ Union case, he won favorable rulings in federal district court and the First Circuit which is the only favorable appellate authority holding that plaintiffs lack standing to sue on offerings in which they did not purchase securities. In another major multi-defendant MBS securities case, Mr. Poss handled all of the courtroom arguments for the entire defense group, which included virtually every major bank and investment bank.
- A Special Committee of the Board of Directors of CreXus Investment Corp., a REIT, in defending multiple shareholder class actions and derivative suits brought in New York and Maryland challenging the $1 billion acquisition of CreXus by Annaly Capital Management, Inc. Successfully won dismissal of all pending lawsuits in both courts; the Maryland ruling is now cited as the leading national case on M&A law for REITs.
- A major private equity firm in post-closing litigation in Delaware Chancery Court, successfully winning landmark rulings on the post-merger ownership of pre-merger privileged communications and on the factual predicates for holding investors responsible for fraud in the course of selling a private company.
- Mid-America Apartment Communities, Inc. in defending shareholder class action and derivative litigation in state court in Birmingham, AL, challenging the announced $8.6 billion merger between MAA and Colonial Properties Trust, an Alabama real estate investment trust. Successfully fought back efforts to enjoin the transaction and reached an extremely favorable settlement, allowing the transaction to close on time.
- One of the nation’s largest credit card processors in defending securities class action and derivative lawsuits filed in federal court in New Jersey in the wake of one of the country’s largest data securities breaches by organized foreign cybercriminals. Successfully won dismissal with prejudice of all claims.