Ryan Blair

Cooley successfully defended Activision Blizzard and certain officers in a securities class action filed in the Central District of California alleging the company made false and misleading statements regarding the termination of its partnership with Bungie LLC and its future involvement with the Destiny video game franchise. The court ultimately granted our motion to dismiss and the plaintiff did not appeal the trial court’s ruling.

Obtained an order dismissing a federal securities class action against Arena Pharmaceuticals and members of its executive management alleging that the company misrepresented the results of a preclinical study involving the company's leading drug candidate.

Obtained a jury verdict in favor of Encore Capital Group in the US District Court for the Southern District of California in a lawsuit filed by the company's former general counsel alleging that the company breached the terms of his settlement agreement.

Obtained a voluntary dismissal of a federal derivative action filed against Sequenom and members of its board of directors alleging breaches of fiduciary duties regarding the company's pricing program for its prenatal diagnostic test.

Cooley earned a victory for Tremor Video (NYSE: TRMR) when the 2nd US Circuit Court of Appeals affirmed the trial court's dismissal of a putative shareholder class action arising out of the company's $75 million IPO.

New York-based Tremor Video is a video advertising platform that enables seamless transactions in a premium video market place by offering control and transparency to clients. It employs patented all-screen technology to make every advertising moment more relevant for consumers and deliver maximum results for buyers and sellers.

The three-judge panel of the 2nd Circuit affirmed US District Judge Paul A. Crotty's March 2015 dismissal order as well as his later denial of the plaintiff's request to amend the complaint finding the allegations in that proposed amended complaint completely speculative.

Koji Fukumura, co-chair of Cooley's securities litigation practice, said he was particularly gratified because "it is critically important for innovative technology companies like Tremor Video to access the capital markets and not face unfounded lawsuits."