Davis Rothwell has extensive experience defending security claims in the Pacific Northwest. A person who sells or assists one in selling a private security can be liable for untrue statements related to the sale of the security. Security claims vary from jurisdiction to jurisdiction, and often involve a complex interplay between federal law and state law.

Security claims typically implicate two classes of defendants: One who sells a security and one who aids in the sale, or is secondarily liable. The group of potential parties who fall into the category of secondarily-liable parties is broad, but could include lawyers, mortgage brokers, directors, and officers.


Davis Rothwell has over 35 years’ experience representing professional clients sued on security claims in Oregon and Washington. Our representation does not end at the trial court level – as our lawyers regularly argue before the state and federal appellate courts in Oregon, Washington, and the Ninth Circuit.

Those representations have included representing law firms with national practices sued on security claims in the Northwest. It has also included mortgage brokers and directors and officers implicated as potential secondarily-liable parties for assisting in a sale of a security.


Security claims often involve complex facts which implicate potential multi-parties and a detailed understanding of the interplay between state and federal law.

Davis Rothwell represented a law firm with a national practice that was sued for allegedly violating Oregon’s security laws when it created private placement memoranda seeking to raise over $200 million in capital for a real estate development partnership in the Northwest. The lawsuit involved the interplay between federal and state law and the law of other jurisdictions given choice of law provisions in different offering documents. The firm also represented a mortgage broker sued for security claims related to the placement of over $1 million with a hard money lender.

As another example, the firm represented another national law firm sued in Washington for security violations associated with the placement of a foreign investor in a U.S. business under the Employment Based 5th Preference Immigrant Visas (EB-5 Visas).


Davis Rothwell’s professional liability attorneys have been recognized as AV Preeminent by Martindale Hubbell, “Best Lawyers® in America,” “Super Lawyers,”® and “Super Lawyers® – Rising Stars.”