LINTON J. CHILDS is a partner in the firm’s Chicago office and is co-leader of the firm’s Accountants/Professional Service Firms Liability practice group. Mr. Childs has more than 20 years of experience representing major accounting firms and their partners in litigation and government investigations, including jury trials in state and federal court and several lengthy arbitration proceedings. He has extensive experience representing clients in securities class actions brought under Section 11 of the Securities Act of 1933 and Section 10(b) of the Securities and Exchange Act, in professional negligence actions, including actions brought by former clients, the FDIC and other receivers, bankruptcy trustees, liquidating trusts, and creditors, and in a variety of investigations by the SEC’s Division of Enforcement, the FDIC, State Boards of Accountancy, and other government agencies. Among other issues, he has handled matters involving accounting for loan loss reserves, real estate valuation, revenue recognition issues, valuation of inventory, the recording of impairment charges, pension accounting, supplier rebates, accounting for net operating losses, and testing of internal controls. He is the former co-chair of the Accountants Liability Subcommittee of the Professional Liability Litigation Committee of the American Bar Association’s Section of Litigation.
Mr. Childs also has extensive experience representing issuers, mutual funds, officers and directors, underwriters, and broker-dealers in federal securities litigation brought under the 1933 Act and the 1934 Act, as well as defending claims for breach of fiduciary duty and claims brought under other state law theories. He has also represented public companies, officers and directors, and investment banks in several shareholder actions challenging the fairness of proposed mergers and acquisitions and the adequacy of disclosures made in proxy statements, tender offers, and other disclosure documents.
Mr. Childs has also represented banks, telecommunications companies, manufacturers, consulting firms, and other clients in a wide variety of other complex litigation matters in state and federal courts, including antitrust cases, contract disputes, partnership disputes, ERISA class actions, consumer fraud class actions, class actions and collective actions under wage and hour laws and ADEA, fraud and RICO cases, insurance coverage disputes, and cases involving earnouts, purchase price adjustments, and valuation of stock in closely held corporations. His experience includes four recent arbitrations, each of which resulted in awards in his clients’ favor. He has also argued appeals in the Seventh Circuit, the Illinois Appellate Court, and the Illinois Supreme Court. Mr. Childs has been recognized as a leading practitioner in commercial litigation by Chambers USA.
Before joining the firm, Mr. Childs clerked for the Honorable David A. Nelson of the United States Court of Appeals for the Sixth Circuit. In 2003, he received the Excellence in Pro Bono and Public Interest Service Award from the United States District Court for the Northern District of Illinois and the Chicago Chapter of the Federal Bar Association.