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Larry is a leader at Lane Powell, having served as Chair of the firm’s Antitrust and Trade Regulation Practice Group and Chair of the firm’s Securities Litigation/Directors’ and Officers’ Liability Practice Group.


In addition to general securities, antitrust and complex commercial litigation matters, Larry also counsels clients on matters related to:  

  • Shareholder derivative demands and litigation;
  • Directors’ and officers’ liability;
  • D&O insurance coverage litigation and counseling; and
  • Related internal corporate and grand jury investigations.


His experience includes serving as:

  • Lead Defense Counsel for two Japanese corporate defendants in Auto Parts MDL in Detroit;
  • Lead Counsel for a group of utility defendants in the WPPSS Securities Litigation;
  • Lead Trial and Appellate Counsel in the Nordstrom Securities Litigation and landmark Nordstrom, Inc. v. Chubb & Son Inc. directors’ and officers’ liability insurance coverage suit; and
  • Lead Defense Counsel in the Cutter & Buck Securities Litigation and directors’ and officers’ liability insurance coverage suit.


Larry has also represented Nordstrom and other defendants in federal antitrust cases or class actions in New York, Pennsylvania, Tennessee, California and Washington. He has argued appeals in the Washington Supreme Court and U.S. Ninth Circuit Court of Appeals.

Before joining the Firm in 1977, he was a Law Clerk with the U.S. Fifth Circuit Court of Appeals and a Trial Attorney with the U.S. Department of Justice Antitrust Division in Washington, D.C., where he conducted grand jury investigations and was one of the trial counsel in U.S. v. Mid-America Dairymen (E.D. Mo.), and in the first felony prosecution under the Sherman Act, U.S. v. Jack Foley Realty, 598 F.2d 1323 (4th Cir. 1979)



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Larry S. Gangnes - America's Top 50 Lawyer - Antitrust - Washington

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