Michael J.McConnell (Mike)

Partner

Atlanta + 1.404.581.8526

Mike McConnell defends officers, directors, and corporations in high-stakes securities and fiduciary duty litigation. The matters litigated include securities fraud class actions, SEC investigations and inquiries, derivative cases, proxy fraud litigation, and other matters that are often ancillary to shareholder litigation, including shareholder inspection actions, disputes under shareholder voting agreements, internal corporate investigations, and other special committee matters. Mike serves as the head of litigation for the Firm's Atlanta Office.

Mike's recent representations include defending comScore, Inc. and certain of its officers and directors in securities litigation; defending Flowers Foods and certain of its officers and directors in securities litigation; defending Rayonier Inc. in securities litigation; defending Gray Television in litigation seeking to enjoin it from operating an Augusta television station or offering it in the National Incentive Spectrum Auction; defending WL Ross & Co. and certain current and former officers and directors of International Textile Group (ITG) in class and derivative shareholder litigation arising from the merger of ITG and Safety Components International; defending Attachmate Corporation in connection with shareholder litigation filed in Delaware and Massachusetts challenging its acquisition of Novell Corporation; defending former officers and directors of various banks that failed in the wake of the credit crisis; defending The Southern Company in securities litigation arising from the spin-off of Mirant Corporation; and defending SunOpta Inc. in securities litigation.

Mike is a former member of the board of directors of the March of Dimes (Georgia Chapter; chairman, 2012), the Midtown Atlanta Rotary Club (president, 2013-2014), and the Leadership Atlanta Class of 2007.

Experience

  • Back Yard Burgers pursues insurance recovery action under general liability policyJones Day represented plaintiff and restaurant chain Back Yard Burgers, Inc. in an action arising out of the wrongful denial of insurance coverage under a general liability policy.
  • Eastman Chemical Company defends shareholder suits alleging breach of fiduciary dutyJones Day represented Eastman Chemical Company ("Eastman") and certain officers and directors in actions filed in Delaware Chancery Court and California state courts, alleging, among other things, claims of breach of fiduciary duty arising out of Eastman's sale of all of its Common and Preferred Stock of Genencor International, Inc. to Denmark's Danisco A/S for $487 million.
  • Georgia Gulf pursues action seeking declaration that it was not in default of debt incurrence covenants contained in $100 million bond indentureJones Day represented Georgia Gulf Corporation as plaintiff in an expedited declaratory judgment action seeking, among other things, a declaration that plaintiff was not in default of certain debt incurrence covenants contained in a $100 million bond indenture.
  • SunOpta defends securities fraud actionJones Day is representing SunOpta Inc. and a former director in a consolidated securities fraud action alleging claims arising from restatements of certain quarterly financial statements filed by SunOpta.
  • National media company corporate executive defends SEC investigationJones Day represented a corporate executive of a national media company in connection with an SEC investigation of suspected insider trading.
  • Dell obtains dismissal of securities litigationJones Day represented Dell Inc., the individual defendants and present and former directors of Dell's Board in securities litigation, derivative cases, and ERISA class actions filed in the Western District of Texas, Travis County state court and Delaware Chancery court.
  • Lewis Dickey-led investor group attempts acquisition of Cumulus MediaJones Day represented Lewis W. Dickey, Jr., the President and CEO of Cumulus Media Inc., in the $1.3 billion acquisition of Cumulus by an investor group led by Mr. Dickey and an affiliate of Merrill Lynch Global Private Equity.
  • Georgia Gulf acquires Royal Group Technologies for $1.6 billionJones Day advised Georgia Gulf Corporation (GG) in its CAD1.7 billion (USD $1.6 billion) acquisition of Royal Group Technologies Limited by plan of arrangement.
  • The Southern Company defends securities fraud actionJones Day represented The Southern Company and certain of its former directors in a consolidated securities fraud class action against The Southern Company's former subsidiary Mirant Corporation, and the underwriters of Mirant Corporation's initial public offering.
  • Officers and Directors of Mayflower Corporation defend securities fraud actionJones Day represented officers and directors of Mayflower Corporation in defense of federal and Georgia securities fraud, common law fraud, negligent misrepresentation, and breach of contract claims arising out of plaintiff U.K. corporation's purchase of 40% of a now bankrupt company, allegedly in reliance upon false financial statements and projections.
  • Policy Management Systems defends securities fraud class actionJones Day represented Policy Management Systems and certain officers and directors in defense of a securities fraud class action alleging false financial statements.
  • Don and Louise Parsons prevail in prosecution of proxy fraud claims against corporation and various officers and directorsJones Day represented Don and Louise Price Parsons as plaintiffs in the successful prosecution of proxy fraud claims against Jefferson-Pilot Corporation and various of its officers and directors.
  • Speaking Engagements

    • January 22, 2018
      How to Not End Up in the Headlines: An Overview of Insider Trading & Recent Developments, Jones Day CLE Academy
    • December 1, 2016
      Accounting and Enforcement Innovation Summit, presented by EY and Jones Day
    • September 6, 2016
      Halliburton II and the Price Impact Rule: Impact on Securities Class Actions Explored, presented by The Knowledge Group
    • June 9, 2015
      Partnership and Shareholder Disputes from Start to Finish, presented by NBI
    • April 27, 2015
      Consequences of Halliburton II and the Price-Impact Rules of 2015, presented by The Knowledge Group
    • August 7, 2014
      Fraud-on-the-Market Theory: Significant Issues and Updates for 2014 and Beyond
    • September 20, 2012
      Special Litigation Committees, presented to the Securities and Corporate Litigation Sub-Section, Atlanta Bar Association
    • November 14, 2008
      The Subprime Collapse and the Credit Market Crash – Litigation Trends and Overview, presented to the Litigation Section of the Atlanta Bar Association
    • January 24, 2008
      Securities Litigation After the Subprime Mortgage Collapse, presented to Securities and Corporate Litigation Sub-Section, Atlanta Bar Association
    • February 20, 2007
      Options Backdating - Defense Strategies, Investigations and Professional liability Coverage, DRI Teleconference, presented by DRI's Commercial Litigation Committee
    • 2004
      The Tools at Hand: Inspection of Corporate Records, 8th Annual Corporate Litigation Seminar, Institute of Continuing Legal Education in Georgia
    • 2002
      Shifting Duties and Vanishing Protection: Issues Facing Officers and Directors of Financially Distressed Companies, 6th Annual Corporate Litigation Seminar, Institute of Continuing Legal Education in Georgia
    • 2000
      New Selective Disclosure and Insider Trading Regulations: How to Implement Regulation FD, Rule 10b5-1, and Rule 10b5-2, PricewaterhouseCoopers Seminar
    • 1998
      Inspection of Corporate Records, 2nd Annual Corporate Litigation Seminar, Institute of Continuing Legal Education in Georgia
    • 1997, 1998
      Conducting Discovery in RICO Cases, RICO Seminar, Institute of Continuing Legal Education in Georgia
    • 1997
      Corporate Privileges, Evidentiary Problems, and Discovery in Corporate Litigation, Corporate Litigation Seminar, Institute of Continuing Legal Education in Georgia
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