Joshua D. N. Hess


Joshua D. N. Hess


Washington, D.C. | 1900 K Street, NW, Washington, DC 20006-1110
+1 202 261 3438 | +1 202 261 3333

San Francisco | One Bush Street, Suite 1600, San Francisco, CA 94104-4446
+1 415 262 4503 | +1 415 262 4555

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Joshua D. N. Hess focuses his practice on white collar and securities litigation and antitrust matters, with a particular emphasis on internal investigations and the defense of class actions, shareholder litigation, and civil and criminal price-fixing cases. Mr. Hess frequently defends companies, boards and individuals in corporate governance matters and litigations in Delaware courts and nationwide.

Mr. Hess has been recognized by The Legal 500 US as a recommended lawyer for “Dispute Resolution: M&A Litigation Defense". He has also been recognized by Euromoney Legal Media Group’s Expert Guides as a “Rising Star” in Litigation in 2016 and 2017.

Mr. Hess also frequently represents veterans pro bono in appeals of denial of benefits from the Department of Veterans Affairs before the U.S. Court of Appeals for Veterans Claims. In addition, he was awarded the San Francisco Bar Association’s “Outstanding Volunteer in Public Service” Award in 2012.


Significant Representations

Securities Matters

  • Successfully secured dismissal with prejudice of a complaint against one of the largest mutual fund complexes asserting breach of contract and fiduciary breach claims premised on the fund’s purported violation of an investment limit on securities related to “emerging markets.”
  • Defended the ten independent directors of Lehman Brothers Holdings Inc. in the multitude of investigations, litigation, and corporate governance matters arising from the collapse of Lehman Brothers in what is the largest bankruptcy in U.S. history.
  • Currently defending OppenheimerFunds, Inc., and its senior officers and directors, in multi-billion dollar MDL proceedings brought by investors in seven municipal bond funds that invested in a range of allegedly volatile securities.
  • Successfully represented the underwriters of the IPO of CafePress, Inc. (led by J.P. Morgan Chase) in connection with class action litigation alleging misrepresentations in the company’s offering documents.
  • Defended the largest bond fund manager in class-action market manipulation cases regarding certain Treasury futures.
  • Successfully defended former CEO of Freddie Mac in enforcement actions and civil litigation stemming from the company’s restatement of billions of dollars in earnings.
  • Obtained summary judgment on all claims for WorldCom’s 401(k) trustee, Merrill Lynch, against ERISA breach of fiduciary duty claims in aftermath of the collapse of WorldCom.

Shareholder Litigations and Internal Investigations

  • Successfully represented Albertson’s in connection with litigation in numerous state and federal courts arising from its acquisition of Safeway to form the nation’s second-largest grocery chain. Currently representing the combined company in an appraisal proceeding in Delaware Chancery Court, which is the largest appraisal case by share volume filed in Delaware history.
  • Represented an Independent Committee of Hewlett-Packard Co.’s Board of Directors (which included the Chairman) to represent the Committee in an investigation of certain shareholder derivative claims and demands concerning the termination of HP’s former C.E.O. and the Board’s oversight of various compliance issues.
  • Defended Intersil Corp. and its directors against derivative shareholder litigation alleging breaches of duty in the wake of a negative “say on pay” vote. Obtained dismissal on motion to dismiss in first federal precedent holding the Dodd-Frank Act’s “say on pay” provisions did not create additional duties for corporate directors.
  • Defended Buckeye Technologies, Inc. against shareholder litigation alleging inadequate proxy disclosures regarding the Company’s executive compensation plans. Defeated a motion to enjoin the Company’s annual shareholder vote.

Antitrust Matters

  • Defended Micron Technology, Inc., the largest memory maker in U.S. in international criminal investigations into price-fixing in the dynamic random access memory (DRAM) and static random access memory (SRAM) markets, which received no criminal sanction in either investigation. Also represented this client in the extensive civil class actions, State Attorneys General actions, and opt-out litigations that followed in each product.
  • Defended a large Taiwanese company in international criminal investigations into price-fixing in the TFT-LCD panel and cathode ray tube (CRT) markets. Also represented the client in the extensive civil litigation that followed.

Pro Bono Matters

  • Defended Senator John McCain and the Republican National Committee against a suit seeking to block Senator McCain’s candidacy for President on the basis that he was not a “natural born citizen” of the United States due to his birth on a U.S. naval base in the Panama Canal Zone. Motion to dismiss was granted.
  • Successfully challenged Virginia’s “crimes against nature” statute in habeas corpus petition to the U.S. Court of Appeals for the Fourth Circuit on various grounds, including that the lower courts had erroneously and improperly interpreted the statute to remain valid as applied even in the wake of the U.S. Supreme Court’s decision in Lawrence v. Texas.Includes matters handled at Dechert or prior to joining the firm.
  • Columbia University, B.A., 1998, cum laude, Surdna Foundation Scholar
  • Georgetown University Law Center, J.D., 2001, cum laude, Philip Hart/Ralph J. Gilbert Scholar, Managing Editor of the American Criminal Law Review
  • California
  • District of Columbia
  • Virginia

Antitrust, Litigation and International Sections, American Bar Association (ABA)