Insights

Vysali Soundararajan

Corporate Counsel, Associate Vice President

Vysali Soundararajan serves as Corporate Counsel at Woodruff Sawyer. She is a specialist in claims management and advocacy for management liability policies, including Directors & Officers, Employment Practices, Cyber, and Errors & Omissions insurance policies. She advocates on behalf of clients with carriers on all aspects of insurance recovery. She is the author of numerous articles on topics in management liability. Vysali is also an experienced presenter and adjunct faculty on negotiation (RISE Austin) and intellectual property (UT Austin). Vysali was awarded her Masters in Law from the University of California, Berkeley School of Law; her Juris Doctor from the University of Illinois, College of Law; and her Bachelor of Arts from Cornell University. Vysali is a member of both the Texas and California Bar.

415-399-6472

Vysali Soundararajan

Corporate Counsel, Associate Vice President

Vysali Soundararajan serves as Corporate Counsel at Woodruff Sawyer. She is a specialist in claims management and advocacy for management liability policies, including Directors & Officers, Employment Practices, Cyber, and Errors & Omissions insurance policies. She advocates on behalf of clients with carriers on all aspects of insurance recovery. She is the author of numerous articles on topics in management liability. Vysali is also an experienced presenter and adjunct faculty on negotiation (RISE Austin) and intellectual property (UT Austin). Vysali was awarded her Masters in Law from the University of California, Berkeley School of Law; her Juris Doctor from the University of Illinois, College of Law; and her Bachelor of Arts from Cornell University. Vysali is a member of both the Texas and California Bar.

415-399-6472

The SEC’s Curiosity about Unicorns

The Securities and Exchange Commission can—and will—investigate private companies. As SEC Chair Mary Jo White discussed in a recent speech at Stanford University Rock Center for Corporate Governance, the SEC’s core mission is to protect investors, whether public or private. Private companies are not beyond the reach of securities regulations or the “official curiosity” of SEC investigators.

IPO Companies, Section 11 Suits and California State Court

In 2009, a group of shareholders filed suit in federal court against CardioNet, a company that had recently completed its IPO. The shareholders sued pursuant to Section 10(b) of the Securities Act of 1934. The federal court dismissed the case. However, in 2010, another group of shareholders filed suit in California state court against the same company under Section 11 of the Securities Act of 1933. Within two years, that case settled for more than $7 million.