Photo of Raymond W. HenneyPhoto of Raymond W. Henney

Raymond W. Henney

Leader, Securities and Corporate Governance Litigation Practice Group


Wayne State University Law School, J.D.
  • magna cum laude
  • Wayne Law Review, Senior Editor, 1982-1983
Michigan State University, B.A.
  • with honors; Phi Kappa Phi


Court Admissions

News & Resources


Ray Henney is a litigation attorney with extensive experience in litigating a wide variety of securities cases in various state and federal courts and arbitration tribunals in numerous states. He possesses substantial experience representing corporations, individuals, and brokerage and investment advisor firms in SEC, federal, and state investigations and enforcement actions.

  • Numerous successful representations of major corporations and directors in shareholder class actions and derivative cases
  • Advises brokerage and investment advisor firms in bet-the-company litigation
  • Counsels brokerage, clearing and transfer firms in actions concerning sophisticated products and market transactions
  • Represents public companies and brokerage firms in leading cases under the securities laws
  • Serves as leader of the firm’s Broker-Dealer and Investment Advisor industry group


Representative Matters

  • Represented a major university endowment and endowment managers in congressional hearings and before the SEC
  • Obtained dismissal of claims against a national law firm in an opinion of first impression under Michigan law concerning the liability of underwriter’s counsel, who drafted the alleged misleading offering materials for a bond issuance; Wells Fargo Advantage National Tax Free Fund v. Helicon Associates, Inc. (E.D. Mich.)
  • Obtained a favorable result representing a clearing firm against claims brought by Receiver that arose from an SEC enforcement action alleging fraud against a former customer of the clearing firm client; Phillip L. Stern v. Legent Clearing LLC (N.D. Ill.)
  • Obtained summary judgment on behalf of an investment bank accused of misrepresenting financial statements in the sale of a business, including allegedly manipulating revenue recognition and EBITDA (Florida State Court)
  • Obtained the dismissal of various claims and opposed certification of a class of investors who allegedly purchased securities through an unregistered broker; Cannon v. GunnAllen Financial Inc. (M.D. Tenn.)
  • Advised Taubman Centers, Inc. and its directors in numerous lawsuits arising from Simon Property Group, Inc.’s hostile tender offer for Taubman Centers and proxy contest
  • Successfully represented a bank holding company in an SEC investigation arising from a referral from the FDIC
  • Successfully represented a public company with respect to an SEC enforcement action seeking the imposition of a receivership; SEC v. Wilson (E.D. Mich.)
  • Represented parties to a merger transaction challenged in state court by public shareholders as a self-dealing, interested person transaction, which was dismissed in an opinion of first impression interpreting Michigan Corporation Act; Camden v. Kaufman (Mich. Ct. App.)
  • Counseled outside directors of troubled financial institution, resulting in derivative claims being dismissed
  • Represented high-tech company in shareholder class action establishing leading precedent for interpretation of the Private Securities Litigation Reform Act of 1995; Havenick v. Network Express, Inc. (E.D. Mich.)
  • Advised high-tech firm in shareholder class action establishing leading precedent on corporation’s liability for prospective statements and for analysts’ estimates; Greenberg v. Compuware, Inc. (E.D. Mich.)
  • Represented issuer of limited partnership interests in securities class action case establishing leading precedent for the “bespeaks caution” doctrine; Harner v. Prudential Securities Inc. (E.D. Mich.), aff’d (6th Cir.)
  • Obtained dismissal on behalf of broker-dealer of investor claims concerning the sale of sophisticated treasury swaps, other derivative products, and commodities and obtained an award for broker-dealer on a significant margin balance; Naimi v. Morgan Stanley (FINRA arbitration)
  • Represented brokerage firm in case establishing the requirement that courts must apply the six-year eligibility rule of the arbitration codes of self-regulating organizations; Roney & Co. v. Kassab (6th Cir.)
  • Counseled brokerage firm in a leading case establishing elements for churning and misrepresentation; Brunetti v. Roney & Co. (E.D. Mich.)
  • Advised broker-dealer in NASD proceeding before the National Adjudicating Council that resulted in overturning Member Regulation’s determination of disqualification; In the Matter of Magellan Securities
  • Represented a brokerage firm in complex state and federal court class actions concerning claims of misrepresentation, lack of due diligence and breach of fiduciary duty arising from the demise of three limited partnerships, which resulted in the dismissal of class and individual claims
  • Counseled leading NYSE advertising firm in securities class action resulting in plaintiff’s dismissing claims; In re Valassis Litigation (E.D. Mich.)

Prior Experience

  • Ropes & Gray, Boston, MA, Associate, 1985-1989


  • Judge Philip Pratt, U.S. District Court for the Eastern District of Michigan, Law Clerk, 1983-1985



  • Listed in Chambers USA: America's Leading Lawyers for Business since 2004
    • Recognized as a leading business lawyer in the field of General Commercial Litigation; Chambers USA states:
      • 2021 - "Notable litigator Raymond Henney regularly acts for banks and financial institutions, as well as big-name companies from a variety of sectors." Clients add "He has a very good reputation as a securities litigator" and "He is a solid lawyer and very well known."
      • 2020 - [Ray] is said to be “a very talented and skilled attorney,” with sources noting: “He’s skilled at analysis and strategy and is able to deal with and resolve very complex legal matters.” He regularly acts for banks and financial institutions, as well as big-name companies from a variety of sectors.
      • 2019 - "[Ray] focuses his practice on securities litigation, and has experience litigating cases before both state and federal courts. Interviewees draw attention to his 'significant trial experience.'"
      • 2018 - "[Ray] is noted for litigating securities matters in state and federal courts. He also acts as counsel for brokerage and investment advisory firms and is described as being 'extremely diligent.'"
      • 2017 – "[Ray] is noted for representing clients in securities litigation, as well as shareholder disputes and product liability cases. One client enthuses that he is 'extremely diligent,' while another views him as 'a very skilled litigator and a good negotiator in terms of mediating resolutions.'"
      • 2016 – "[Ray] is an experienced litigator and arbitrator who has appeared before courts and tribunals across the US. He is particularly known for his expertise in securities law, product liability claims and shareholder disagreements."
      • 2015 – “[Ray] specializes in securities litigation, with experience in both trials and arbitrations. His clients include investment and brokerage advisories."
      • 2014 – “[Ray] comes highly recommended by clients. He focuses his practice on securities and corporate governance, and has experience in both state and federal courts.”
      • 2012 – "[Ray] is well respected for his class action and securities expertise."
  • The Best Lawyers in America, 2007-2022
    • Recognized in practice areas of:
      • Bet-the-Company Litigation
      • Commercial Litigation
      • Litigation - Mergers and Acquisitions
      • Litigation - Regulatory Enforcement (SEC, Telecom, Energy)
      • Litigation - Securities
    • Detroit Litigation - Securities "Lawyer of the Year," 2017 and 2021
    • Detroit Litigation - Regulatory Enforcement (SEC, Telecom, Energy) "Lawyer of the Year," 2016, 2022 
    • Detroit Litigation - Mergers and Acquisitions "Lawyer of the Year," 2015 and 2020
  • Michigan Super Lawyers, 2007-2021
  • Leading Lawyers Magazine, 2017-2018
    • Recognized in practice areas of Class Action/Mass Tort Defense Law and Commercial Litigation
  • DBusiness, Top Lawyers, 2010-2016
  • Martindale-Hubbell AV® Preeminent™ Peer Review Rated 
  • Benchmark Litigation, Litigation Star, 2016
  • Who's Who in American Law
  • Who's Who in International Law
  • Life Member of National Registry of Who's Who
  • Lawdragon 500 New Stars, New Worlds, 2006

Professional & Community Involvement

  • Financial Industry Regulatory Authority
    • Arbitrator
  • Securities Industry and Financial Market Association
  • State Bar of Michigan
    • Business Law Section
  • American Bar Association
    • Litigation Section
      • Securities Litigation Committee
        • Securities Arbitration Subcommittee
  • Oakland County Bar Association
    • Circuit Court Committee, 1997
  • Oakland County Bar Association American Inn of Court
    • Member, 1996
  • Midwest Securities Law Institute
    • Co-chair, 2014-present
  • Detroit Institute of Arts 
    • Interpretative Programs Volunteers (docents) Committee, Vice Chair
    • European Painting Council, Board Member
  • Temple Beth El, Board of Directors

News & Resources



Seminars & Events

Jump to Page