Stacy Nettleton is a partner in Weil’s Securities Litigation practice group. She focuses on litigation of securities, derivative, M&A, and complex business matters in both federal and state trial and appellate courts, and before arbitration panels.
Ms. Nettleton also has extensive experience representing clients in connection with internal investigations as well as federal, state, and foreign governmental and regulatory investigations involving the U.S. Department of Justice, the U.S. Securities and Exchange Commission, the U.K. Financial Services Authority, the New York Stock Exchange, the Financial Industry Regulatory Authority, and the New York Attorney General’s Office, among others. Additionally, she counsels boards of directors, board committees, and senior management with respect to securities, corporate governance, disclosure, and regulatory issues.
From 2014 to 2017, Ms. Nettleton was recognized as a “Rising Star” by New York Super Lawyers. In 2016, she was recognized as a “Rising Star” for Litigation by Euromoney in its Americas Women in Business Law Awards, in 2017 and 2018 she was named to Benchmark Litigation’s “40 & Under Hot List,” and she is currently recognized as a recommended lawyer for Securities Litigation: Defense by Legal 500. In 2020, Ms. Nettleton was honored as one of just 36 Litigation “Trailblazers” nationwide by The National Law Journal.
Recent experience includes:
- Affiliated Computer Services – Representation of Special Committee of the Board of Directors of Affiliated Computer Services in connection with management buyout proposal from Cerberus Capital Management and Darwin Deason, including successful defense of accompanying shareholder litigation.
- American International Group – Representation of AIG in all global regulatory and U.S. congressional investigations and shareholder class and derivative litigations arising from the 2008 financial crisis. Obtained dismissal of numerous shareholder derivative actions, favorable settlement of securities class action, and dismissal in whole and in part in related “opt-out” securities litigations.
- Campbell Soup Company – Representation of Campbell Soup Company and its CEO and CFO in securities class action litigation in New Jersey federal court regarding the performance of its packaged fresh foods division.
- CBS – Representation of independent directors of CBS in connection with a dispute with the Company’s largest shareholder.
- The Estée Lauder Companies – Obtained dismissal of securities litigation and related shareholder derivative suits for the Estée Lauder Companies.
- Fairway Group Holding and Sterling Investment – Obtained dismissal of securities class action and derivative litigations against Fairway and its private equity owner arising out of Fairway’s IPO and growth projections.
- Francesca’s Holding and CCMP – Obtained dismissal of securities class action and derivative litigations against Francesca’s and its former private equity owner arising out of disclosures concerning Francesca’s sales and earnings projections.
- General Electric – Representation of GE entities in litigations relating to RMBS securitizations.
- Man Group – Representation of Man Group in shareholder litigation arising from its acquisition of GLG.
- Morgan Stanley – Representation of Morgan Stanley in a long-running, $4B lawsuit arising out of the 2007 Tribune Co. leveraged buy-out (on which Morgan Stanley served as a financial advisor) and the company’s subsequent bankruptcy. Obtained dismissal of almost all claims on a motion to dismiss.
- The Shaw Group – Representation of The Shaw Group in shareholder litigation arising from CB&I’s $3 billion acquisition of the Company.
- Signet – Representation of Signet in connection with shareholder litigation in Delaware Chancery Court and on appeal to the Delaware Supreme Court arising out of Signet’s $1.4 billion acquisition of Zale. Obtained dismissal of all claims, upheld on appeal.
- Signet – Representation of Signet in a consolidated securities fraud class action in the Southern District of New York and related derivative litigation in Ohio state court concerning alleged sexual harassment allegations that were raised in an employment arbitration, and purportedly lax credit standards. Following Ms. Nettleton’s oral argument in the derivative suit, the court dismissed all of plaintiff’s claims.
- Taro Pharmaceuticals – Favorable settlement of securities class action for Taro Pharmaceuticals. Achieved voluntary dismissal of related shareholder derivative actions.
- The Walt Disney Company – Successfully defended The Walt Disney Company in multi-jurisdictional shareholder class action litigation arising out of Disney’s $4 billion acquisition of Marvel Entertainment.
Ms. Nettleton has devoted considerable time to pro bono matters, including serving as extern counsel at the Brooklyn Branch of Legal Services for New York City in 2005.
Ms. Nettleton graduated magna cum laude and Phi Beta Kappa from Boston University in 1999, and received her J.D. from New York University School of Law in 2002, where she served on the Moot Court Board.