Greene Espel PLLP 222 South Ninth Street, Suite 2200, Minneapolis, MN 55402
Tel / 612.373.0830    Fax / 612.373.0929
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Professional Liability
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We have extensive experience in complex litigation affecting professionals and fiduciaries, including litigation against corporate directors and officers and related kinds of shareholder and corporate control litigation. We have defended individuals and firms in the securities, accounting, legal, and financial services industries against claims brought in federal and state court, arbitrations, regulatory enforcement actions, and professional disciplinary proceedings.

Our financial and securities expertise has led us to represent investment professionals in arbitration proceedings before the National Association of Securities Dealers and the American Arbitration Association. As part of our services, we address relevant indemnification and insurance issues typically arising in professional liability actions. We also have specialized experience performing internal investigations relating to potential legal and compliance issues.

Our professional liability attorneys include a former accountant and a former federal prosecutor. We bring these unique perspectives to our representation of accountants, lawyers, and securities and financial services professionals.

Professional Malpractice, Fraud, and Breach of Contract Claims

We have represented accountants, lawyers, and their firms in lawsuits alleging fraud, misrepresentation, professional malpractice, and breach of contract brought by investors and/or clients.

Defending Against SEC Enforcement Actions

We represented a mutual fund accountant with a major financial institution in an administrative action brought by the Division of Enforcement of the Securities Exchange Commission. The SEC alleged that our client violated federal securities laws related to the pricing of derivative securities and the financial institution’s books and records. We defended our client in a six-week trial involving multiple defendants.

Shareholder Litigation

We have defended majority shareholders and directors against claims contesting corporate action taken by a privately-held company.

Representing Securities Industry Personnel

During litigation on the East Coast, a national securities firm retained us to represent its Minnesota employees to address alleged wrongdoing. We quickly mobilized a team of attorneys to defend depositions and represent the securities firm’s Minnesota employees.

Defending Investment Management Professionals

When a publicly-traded company faced investor claims of fraud, misrepresentation, insider trading, and other violations of the securities laws against its officers and directors, we represented certain officers and directors and successfully resolved the lawsuit.

Architects, Engineers, and Design Professionals

We understand the kinds of litigation issues faced by architects, engineers, and other design professionals. For more information, see our Design and Construction summary.

Medical Liability

We are experienced in defending medical liability claims involving a range of health care providers and medical product manufacturers. For more information, see our Products Liability litigation summary.

Attorney Malpractice

We successfully defended a lawyer and law firm sued by the beneficiary of a trust administered by the law firm’s former client. We have also represented a prominent Twin Cities law firm in federal court, where we successfully defended trial counsel facing Rule 11 sanctions and attorneys’ fee claims.

For more information, contact:

Larry Espel at 612.373.8342 or

Larry Shapiro at 612.373.8325 or

John Baker at 612.373.8344 or