Overview

Ray Henney has extensive experience litigating a wide variety of securities cases in various state and federal courts and arbitration tribunals in numerous states. He has had significant success representing corporations, individuals, and brokerage and investment advisor firms in SEC, federal, and state investigations and enforcement actions.  For years, several client- and peer-review publications have selected Mr. Henney to be among the most highly ranked securities litigators.

Mr. Henney has successfully represented major corporations and directors in numerous shareholder class actions and derivative cases, as well as brokerage and investment advisor firms in bet-the-company litigation.  Some of those matters constitute the leading cases under the securities laws.  He also advised and represents brokerage, clearing and investment advisors firms in actions concerning sophisticated products, market transactions, and financial advisor recruitment.

Services

Experience

Representative Matters

  • Obtained dismissal of numerous class action cases concerning the merger of public companies, including those arising out of Taubman Realty Group Limited Partnership merger with Simon properties, Mackinac Financial Corporation merger with Nicolet Bankshares, Inc., Tecumseh Products Company merger with Mueller Industries, Inc.

  • Successfully representing public companies in class action concerning misleading disclosures, including such companies as General Motors, FMF Capital LLC

  • Successfully advising and representing public companies in dispute and litigation with activist shareholders, including winning the dismissal of shareholder claims in Land and Building Investment Management, LLC v. Taubman Centers, Inc., Eastern District of Michigan

  • 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 in DJSP Enterprises, Inc v. Stern, Broward County Court

  • Successfully represented companies that were the subject of SEC investigations and enforcement actions concerning disclosures and complex financial matters

  • Successfully representing individuals who were the subject of SEC investigations and enforcement actions concerning insider trading and the alleged improper sale of securities

  • Represented major university endowment and endowment managers in congressional hearings and before the SEC

  • Successfully advised and represented major broker-dealers and investment advisory firm in non-competition and non-solicitation cases throughout the United States

  • Successfully represented broker-dealer and clearing firms in class actions

  • 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.)

Prior Experience

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

Clerkships

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

Credentials

Education

Admissions

Court Admissions

Recognition

Awards

  • 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:
      • 2022 – Clients stated "Ray is a pleasure to work with and is a good partner," and "Ray is a remarkable attorney and has helped us navigate complex issues. He is always available to provide the guidance and support we need."
      • 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, 2022
    • 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
  • 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 & Insights

From Chambers USA, 2022:

"Ray is a remarkable attorney and has helped us navigate complex issues. He is always available to provide the guidance and support we need."

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