Walter C. Greenough
Partner
Walter C. Greenough concentrates his practice in product liability defense and civil litigation. He represents manufacturers in product liability cases throughout the country who prefer to take their cases to trial if they cannot be settled for amounts less than the cost of defense.
He has extensive experience in general commercial litigation, particularly in cases involving breach of contract and interference with business relationships.
He has represented brokers and clearing firms in litigation, arbitration and disciplinary proceedings before:
- Federal and state courts
- Securities and Exchange Commission (SEC)
- Commodity Futures Trading Commission (CFTC)
- National Association of Securities Dealers, Inc. (NASD)
- National Futures Association (NFA)
- All major exchanges
He has advised acquiring and target companies in tender offers and proxy fights, and represented companies and/or their directors in suits alleging violations of federal securities laws and breach of directors' fiduciary duties.
Experience
Products Liability
In the last three years, Mr. Greenough has taken five cases to trial, winning jury verdicts of "no liability" in personal injury cases in Florida, South Carolina, Oklahoma and Wisconsin (and settling a case in Texas just prior to closing arguments), where the aggregate claimed damages exceeded $80 million.
Securities Litigation
Mr. Greenough was lead counsel in a 100-day arbitration hearing before the NFA, believed to be the longest ever.
Publications
"Toughing Out a Takeover: How to Win the War Without Losing Your Shirt," Business Law Today (January 1995)
"Balancing the Scales: A Decade of Churning Decisions by the CFTC," Futures International Law Letter (April 1994)
"Are FCMs Their IBs Keepers?" Futures (November 1992)
"The Limits of the Suitability Doctrine in Commodity Futures Trading," Business Lawyer (May 1992)
Awards and Honors
Leading Lawyer — Commercial Litigation; Securities and Venture Finance Law, Illinois Leading Lawyers Network
AV Peer Review Rated, Martindale-Hubbell
Education
University of Chicago Law School
(J.D.,
1975)
Amherst College
(B.A.,
1972)
Professional Memberships
American Bar Association
