Fish & Richardson did not have a securities litigation practice at the beginning of 2003. Eighteen months later that practice is a thriving success.
In San Diego alone, securities litigation at Fish, which focuses on the defense of shareholder litigation and SEC and other regulator enforcement proceedings, fully occupies 15 professionals and has generated many millions in billings. Much of the credit goes to San Diego principal Sean Prosser, who joined Fish on New Year's Day 2003 after six years with Brobeck and a month before that firm's demise.
Prosser's young securities litigation practice is one of the key building blocks of Fish's expanding practice, and is fast becoming recognized by corporate America as the place to turn when the SEC and shareholders come knocking.
Along with partner Kimberly Greer, Prosser represents Gemstar-TV Guide International Inc., and recently resolved a high-profile SEC investigation following Gemstar's $377 million financial restatement, without any fraud-based sanctions.
Prosser and his team currently are handling several other regulator investigations, including defending separate groups of brokers and branch office managers from two broker-dealers in connection with SEC and NASD mutual fund investigations; former executives of two public companies in concurrent Department of Justice (criminal) and SEC (civil) investigations; as well as accounting professionals in four separate investigations by the SEC's Los Angeles, Washington, Boston and New York offices.
After Prosser graduated from the University of Pennsylvania, where he was a member of several Ivy League champion football teams, he earned his J.D. from New York Law School in 1992, and then worked as an enforcement attorney at the SEC before moving into private practice. Prosser became interested in the law while growing up after being repeatedly asked by friends' lawyer fathers, "Are you related to Prosser on Torts?" (The answer is no.)