The extreme and expansive nature of the fraud perpetrated by Mr.Madoff shook individuals, institutions, and companies around the world.Companies sometimes revalue the price at which the options can be exercised.This may happen, for example, when a company’s stock price has fallen below the original exercise price. Rose is Of Counsel in the firm's San Diego office and specializes in white collar criminal defense and trials of complex business litigation, in the state and federal courts. Rose was a federal prosecutor for twelve years, followed by the last twenty-nine years as a defense attorney.
In San Diego County, or anywhere in California, white-collar crime is serious.
He defended Gary Naiman, the president of Pioneer Mortgage, a 0 million Ponzi scheme involving collateralized mortgage pools. Rose represents targets, witnesses, stock issuers, and professionals in pre-filing investigations conducted by securities regulators, as well as in filed actions.
He has defended: corporate officers charged with accounting fraud; options backdating and insider trading; issuers engaged in real estate promotion; a law firm whose clients sold commodities contracts; telemarketers selling unregistered securities; a registered representative selling variable annuities from an insurance agency; an insurance company selling unregistered securities; the directors of a conglomerate, sued for breaches of fiduciary duty in a hostile takeover by a publicly traded corporation; accountants and lawyers accused of making misrepresentations.
Michael specializes in complex civil and criminal litigation and class actions, representing Fortune 100 corporations, health care companies, real estate developers and financial institutions in courts across the country.
In addition to his full litigation practice, Michael also serves as General Counsel to the firm.