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News

Walter  C. Greenough

Partner
Walter C. Greenough concentrates his practice in product liability defense and civil litigation. He represents manufacturers in product liability cases throughout the country who prefer to take their cases to trial if they cannot be settled for amounts less than the cost of defense.

He has extensive experience in general commercial litigation, particularly in cases involving breach of contract and interference with business relationships.

He has represented brokers and clearing firms in litigation, arbitration and disciplinary proceedings before:

  • Federal and state courts
  • Securities and Exchange Commission (SEC)
  • Commodity Futures Trading Commission (CFTC)
  • National Association of Securities Dealers, Inc. (NASD)
  • National Futures Association (NFA)
  • All major exchanges

He has advised acquiring and target companies in tender offers and proxy fights, and represented companies and/or their directors in suits alleging violations of federal securities laws and breach of directors' fiduciary duties.

Experience

Products Liability

Mr. Greenough has won ten straight verdicts of "no liability" in personal injury jury cases in Florida, Iowa, New Jersey, Oklahoma, South Carolina, Texas, Virginia, Washington and Wisconsin, where the aggregate claimed damages exceeded $150 million.

Securities Litigation

Mr. Greenough was lead counsel in a 100-day arbitration hearing before the NFA, believed to be the longest ever.

Publications

"Controlling the Costs of Defense: The 80 Percent Solution," In-House Litigator (Fall 2009)

"Toughing Out a Takeover: How to Win the War Without Losing Your Shirt," Business Law Today (January 1995)

"Balancing the Scales: A Decade of Churning Decisions by the CFTC," Futures International Law Letter (April 1994)

"Are FCMs Their IBs Keepers?" Futures (November 1992)

"The Limits of the Suitability Doctrine in Commodity Futures Trading," Business Lawyer (May 1992)

Speeches and Presentations

"Cost Effective Litigation: A View from the National Trial Counsel's Perspective" DRI Product Liability Conference, San Diego, Calif. (April 16, 2009)

Awards and Honors

Martindale-Hubbell — A/V Rated

Education

University of Chicago Law School(J.D., 1975)
Amherst College(B.A., 1972)

Professional Memberships

American Bar Association
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Schiff Hardin LLP is a general practice law firm representing clients across the United States and around the world. We have offices located in Ann Arbor, Atlanta, Boston, Chicago, Lake Forest, New York, San Francisco and Washington. Our attorneys are strong advocates and trusted advisers — roles that contribute to many lasting client relationships.