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INEZ H. FRIEDMAN-BOYCE

PARTNER

  • J.D., 1995
    Georgetown University Law Center
    (cum laude)
  • B.A., 1988
    Amherst College

Inez Friedman-Boyce, a partner in Goodwin Procter's Litigation Group, focuses on the defense of securities class action and shareholder litigation matters and proceedings brought by the SEC and other regulatory organizations, internal corporate investigations, corporate governance and compliance matters, merger and acquisition-related litigation, contests for corporate control and other high-stakes business litigation.

WORK FOR CLIENTS

Ms. Friedman-Boyce is currently defending numerous securities litigation matters for Countrywide Financial Corporation, formerly an S&P 100 corporation before its acquisition in 2008 by Bank of America Corporation and one of the largest mortgage lenders in the United States. These matters include a multidistrict litigation proceeding (MDL) pending in federal district court in Los Angeles, several appeals to the federal Court of Appeals for the Ninth Circuit and the California state appellate courts, and numerous other federal and state courts across the country. The rulings that courts have issued in these matters have helped shape the development of the law in the United States in regard to claims by investors that bought mortgage-backed securities prior to the collapse of the housing and capital markets in 2007.

For several years until the successful resolution of the matter via a global settlement, Ms. Friedman-Boyce also represented numerous public companies that were sued in the IPO “allocation” class action litigation cases in federal court in New York City, which attacked the way in which IPO underwriters allegedly allocated shares in “hot” IPOs to their customers. These cases together constituted one of the largest securities class action litigations ever filed in the United States. Ms. Friedman-Boyce was one of the principal authors of the consolidated motion to dismiss briefs that resulted in dismissal of the securities fraud claims against a significant number of the several hundred public companies that had been sued in these cases.

Ms. Friedman-Boyce’s other matters include representation of financial institutions and publicly traded operating companies in securities and shareholder derivative matters in cases filed in federal and state courts across the country.  Over the years, Ms. Friedman-Boyce has also conducted numerous internal corporate investigations for audit committees and other special board committees into financial accounting and corporate governance-related matters. Ms. Friedman-Boyce has also represented numerous clients in regulatory proceedings brought by the SEC, FINRA and other regulators relating to possible accounting irregularities, the accuracy and completeness of corporate disclosures to investors (including financial guidance), and securities trading by corporate officers and directors, among other matters.

Ms. Friedman-Boyce’s securities and shareholder litigation matters have involved allegations of insider trading, market manipulation, improper revenue recognition and other alleged accounting irregularities, self-dealing and breach of fiduciary duty, and inaccurate earnings and revenue projections, among other issues. Her  securities and shareholder litigation practice is national in scope, and she has represented both United States and foreign-based issuers and their directors and officers in securities and corporate governance matters across the country. Ms. Friedman-Boyce has significant experience in mediating and arbitrating securities and financial fraud-related matters.

In addition to defending securities and shareholder litigation matters across the country, Ms. Friedman-Boyce spends a significant amount of her time advising senior management and boards of directors on how to minimize securities liability risks, and how best to manage such crises when they occur.  Her clients have included financial services companies, mutual funds, hedge funds, venture capital firms, manufacturers of computer hardware and software, pharmaceutical, biotechnology and life sciences companies, and other high technology companies.

Ms. Friedman-Boyce’s representative clients have included AsiaInfo Holdings, Aspect Software, Countrywide Financial, Dassault Systemes, Descartes Systems Group, Digi International, Lionbridge Technologies, ON Semiconductor and numerous other privately held and publicly traded companies and individuals.

PROFESSIONAL ACTIVITIES

Ms. Friedman-Boyce is a past co-chair of the Class Actions Committee of the Litigation Section of the Boston Bar Association. She is a member of the board of directors of the ACLU of Massachusetts and of the Lawyers' Committee for Civil Rights and Economic Justice, serving Greater Boston. Ms. Friedman-Boyce is an alumna of the LeadBoston Class of 2002 and has acted as counsel in numerous pro bono matters, including a prominent class action litigation involving fair housing and racial violence issues.

MEDIA

Ms. Friedman-Boyce writes and speaks nationally to the business community on securities and shareholder litigation, corporate governance and compliance matters.  She is the author of numerous published articles, including "Reducing Director Liability Risks" in The Corporate Board (January/February 2006); "Head's Up on The Class Action Fairness Act of 2005" in the Boston Bar Journal (September/October 2005); "Back to Basic: Challenging the Application of the Efficient Market Hypothesis in Federal Securities Lawsuits" in the Securities Reform Act Litigation Reporter (June, 2005); "Defending Outside Directors in Securities Litigation" in The Review of Securities and Commodities Regulation (September, 2003); "The New Governance Reforms: Best Practices for a Riskier World" in The Corporate Board (November/December, 2002); "Beyond Materiality and Scienter: Strategies for Successfully Defending Securities Class Actions by Attacking Plaintiffs' Loss Causation and Damages Theories" in Securities Litigation: Planning and Strategies (May, 2001); "Storm Clouds on the Horizon: The New Litigation Profile of the Private Equity Industry" in National Venture Capital Association Journal (Spring, 2001); and "Communicating with Analysts and Investors in The Wake of New SEC Regulation FD: A Practical Guide for Issuers and Advisors" in Securities News (Winter, 2001).

In addition, Ms. Friedman-Boyce has written "The Appointment of 'Lead Plaintiffs' Under the Reform Act - The Evolution of Judicial Thinking on Whether Groups of Unaffiliated Individuals Can Really Lead" in Securities Litigation: Planning and Strategies for the New Millennium (May, 2000); "The Sufficiency of 'Information and Belief' Pleading in Private Securities Actions: The Reform Act's Other Heightened Pleading Standard" in Securities News (Fall, 1999); and "Disclosure: Walking the Tightrope" in The Corporate Board (January/February,1999).

PROFESSIONAL EXPERIENCE

Prior to joining Goodwin Procter in 2005, Ms. Friedman-Boyce was an associate at Testa, Hurwitz & Thibeault in the Litigation Practice Group. From May to November 2000, she served as a special assistant district attorney for Middlesex County, Massachusetts, where she conducted approximately 20 criminal jury and bench trials.

BAR AND COURT ADMISSIONS

Ms. Friedman-Boyce is admitted to the Massachusetts bar and to the bars of the Supreme Court of the United States, the U.S. Court of Appeals for the First Circuit, the U.S. District Court for the District of Massachusetts, and the U.S. District Court for the District of Colorado. She also has been admitted pro hac vice in numerous other federal and state courts across the country.

RECOGNITION

Ms. Friedman-Boyce has been elected as a Massachusetts Super Lawyer, cited in Boston Magazine, from 2004 through 2012. In September 1999, she received an award for Outstanding Commitment to Civil Rights in the Next Century from the Lawyers' Committee for Civil Rights in recognition of her pro bono work in civil rights litigation.