"A capable litigator with a lot of trial experience."
Chambers USA 2024
"One of a few attorneys in California to have litigated a securities claim to a final jury verdict."
The Legal 500 US 2024
Leading Lawyer ‒ Securities Litigation: Defense
The Legal 500 US 2024
Profile
Matt Rawlinson is a trial lawyer in the Silicon Valley office of Latham & Watkins and former Managing Partner of the office, as well as former Global Co-Chair of the firm’s Securities Litigation Practice.
In the last several years, Matt has served as successful trial counsel in more than half a dozen matters, defeating billions of dollars in asserted claims. He has tried cases in federal and state court in California, in Delaware, and before arbitrators throughout the country. Matt is one of a handful of attorneys in the country who have tried federal securities claims to a successful jury verdict. His victories include the 2014 Top Defense Verdict defending against 10(b)(5) claims brought by the Securities and Exchange Commission, as well as the 2010 Top Defense Verdict in a high-profile trade secret jury trial.
He has represented clients in the biotech, semiconductor, software, and medical device industries, among others.
Matt joined Latham in 1997 after completing a judicial clerkship for Judge James B. Loken, United States Court of Appeals for the Eighth Circuit.
Accolades
Named a Litigation Star Benchmark Litigation
Named a Northern California Super Lawyer in Intellectual Property Law & Politics Magazine
Selected as a Recommended Lawyer The Legal 500 US
Experience
Matt has extensive experience litigating class action lawsuits of all kinds, with a focus on claims of securities fraud. His representative clients in these types of matters have included Apple, Arista Networks, Broadcom, Enphase, The Trade Desk, and many others. Representative matters include:
Skillz Securities Litigation: Currently represents Skillz and its directors and officers against claims of securities fraud in federal court.
Coinbase Securities Litigation: Currently represents Coinbase and its officers against securities claims in federal court.
Hurst v. Enphase Energy, Inc., et al.: Secured a complete dismissal of claims of securities fraud against Enphase and its officers.
Ardelyx Securities Litigation: Currently represents Ardelyx and its officers against claims of securities fraud.
City Pension Fund v. The Trade Desk: Currently represents TTD and its directors and officers against claims of breach of fiduciary duty in Delaware Chancery Court.
BMA v. BitMEX: Currently represents one of the founders of BitMEX in a variety of civil claims in federal court in California relating to the trading platform.
Zoom v. RingCentral: Currently represents Zoom in breach of contract action against RingCentral in federal court.
Levy v. Apple: Represented Apple in a securities fraud case in the United States District Court for New Hampshire.
In re Lyft Securities Litigation: Currently representing Lyft and its directors and officers against claims of securities fraud in California state and federal court.
Oklahoma Pension v. Nevro: Represented the medical device maker against claims of securities fraud, obtaining complete dismissal with prejudice.
In re: PolarityTE Securities Litigation: Secured complete dismissal of securities fraud claims against biotech company.
Restoration Robotics Securities Litigation: Currently represents Restoration Robotics and its directors and officers in a series of securities lawsuits in state and federal court.
Hatamian v. Advanced Micro Devices, Inc.: Represented Advanced Micro Devices, Inc. (AMD), a global semiconductor company, and certain of its current and former directors and officers in a securities class action and related derivative action filed in the US District Court for the Northern District of California. Plaintiffs allege that AMD made materially false and misleading statements regarding demand for its Llano APUs and other products.
SEC v. Moshayedi: Represented the former Chairman and CEO of sTec, Inc., Manouch Moshayedi, in one of the largest insider trading actions brought by the Securities and Exchange Commission. The SEC had alleged that Mr. Moshayedi engaged in insider trading and made false or misleading statements in connection with a secondary offering of approximately US$267 million worth of sTec stock owned by Mr. Moshayedi and his family. Following a three-week trial, the jury returned a complete defense verdict. The Daily Journal recognized the win as the Top Defense Verdict of 2014.
In re STEC, Inc. Securities Litigation: Represented company and officers in private shareholder litigation, including Section 11, 10(b)(5), and control person claims, involving claims in excess of US$500 million in claimed damages.
Mathew v. Brocade: Represented Broadcom in shareholder claims, including control person claims, brought by Brocade shareholders.
In re: Pure Storage Litigation: Represented individual and private investor defendants against federal securities claims brought by shareholders.
In re Gold Resource Corporation Securities Litigation: Represented Gold Resource Corporation, a Colorado-based mining company, and certain individual defendants in a securities class action in the US District Court for the District of Colorado, alleging claims under Sections 10 and 20 of the Securities Exchange Act. The court granted Latham's motion to dismiss with prejudice and the Ninth Circuit affirmed. Latham also represents the company in a shareholder derivative lawsuit filed by the City of Bristol Pension Fund alleging breach of fiduciary duty.
MHC Mutual Conversion Fund, L.P. v. United Western Bancorp, Inc.: Represented United Western Bancorp, a Colorado-based bank holding company, and certain of its officers and directors in a securities class action in the US District Court for the District of Colorado. Plaintiffs alleged violations of Sections 11 and 12 of the Securities Act and Section 10(b) of the Exchange Act following the company's announcement of impairments in its MBS and CMO investments and the FDIC's subsequent appointment as the bank's receiver. Latham secured a dismissal of the matter, which was later affirmed by the US Court of Appeals for the Tenth Circuit.
In re Oracle Corporation Securities Litigation: Secured summary judgment on behalf of Oracle Corporation and three of its executive officers in a US$3 billion securities fraud class action arising from a missed earnings forecast in 2001, which was preceded by insider stock sales of more than US$900 million.
Successfully defended a national accounting firm against claims of professional malpractice, breach of contract, and negligent misrepresentation in a US$300 million lawsuit. Following a three-week hearing, the three-arbitrator panel rendered a complete defense verdict.
Matt has extensive experience litigating technology cases of all kinds, including cases involving complex commercial and contract claims, trade secrets claims, and patent claims. Representative clients include Arista Networks, Marvell Semiconductor, Intermolecular, Benchmark Capital, and Envia Systems. Representative matters include:
Optumsoft Inc. v. Arista Networks Inc.: Achieved a complete defense victory for Arista Networks, a software-driven cloud networking company, in highly-publicized 2015 bench trial against OptumSoft regarding a disputed licensing agreement between the two companies. After a two and a half week bench trial, Judge Kirwan rejected OptumSoft’s interpretation of the parties’ license agreement, adopted Arista’s theory of the case wholesale, and declared Arista to be the owner of all of the disputed files. Phase 2 of the case concerning allegedly misappropriated trade secrets and any additional disputed files is currently underway.
Jasmine v. Marvell: Won a total defense verdict following a six-week jury trial for Marvell Semiconductor, Inc. in the infamous “voicemail” trade secret case brought by Jasmine Networks. The Daily Journal recognized the win as the Top Defense Verdict of 2010.
Represented a Taiwan-based semiconductor product manufacturer as respondent in an ICDR arbitration, brought by a US-based company venued in San Francisco, applying California law. The claims involved breach of contract, intellectual property ownership, fraud, and antitrust conspiracy claims. Following a two-week trial, Latham successfully settled the matter on behalf of the manufacturer on very favorable terms.
Successfully defended a biotechnology company in a confidential arbitration relating to control over development of next-generation therapies, and the rights to a profit stream estimated to exceed US$2 billion. After a three week hearing, the panel rejected the collaborator’s damages claims in their entirety, and also rejected the collaborator's efforts to derail development efforts.
Qualifications
Bar Qualification
California
Education
JD, University of Chicago Law School, 1996 with honors
Latham litigators honored after the Delaware Supreme Court upheld Latham’s motion to dismiss win for Edwards Lifesciences in a US$300 million earn-out dispute and for securing a major Ninth Circuit victory for global investment fund BC Partners.
Two Latham teams were recognized for knocking out a securities class action against our client Skillz Inc., and for a rare win at the PTAB for our client InductEV.
Latham honored for a complete defense verdict in an IP patent showdown and for preserving a precedent-setting securities victory in California's Supreme Court.
Despite a downward trend in securities case filings over the past three years, Latham & Watkins LLP has remained one of the most active law firms on the defense side, taking over the top spot from Skadden Arps Slate Meagher & Flom LLP, according to reports released by Lex Machina.
A recent decision, if widely adopted, could spare companies from unnecessary discovery costs in claims that may not survive a threshold pleadings challenge.
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.