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Michael J. Biles

Partner
Michael Biles is very knowledgeable and produces exceptional legal work.
— Chambers USA
Austin
About

Mike Biles is a litigator who represents corporations, their officers, and directors in complex business disputes. Mike focuses on securities litigation in the federal and state courts, representing companies and company insiders in securities cases, including class actions and derivative lawsuits, investigations, and regulatory matters. He has experience in investigations and enforcement actions by the Securities and Exchange Commission (SEC) and other regulatory agencies.

Mike also represents and advises companies on significant corporate transactions, including fiduciary obligations in mergers and acquisitions. Further, he represents corporate officers and directors in bankruptcy adversary proceedings involving alleged breaches of fiduciary-duty and fraudulent-transfer claims.

Areas of FocusCorporate and Securities DisputesLitigation, Arbitration and InvestigationsBusiness and Commercial Litigation
Bar admissionsCaliforniaNew YorkTexas
CourtsSupreme Court of the United StatesUnited States Court of Appeals for the Second CircuitUnited States Court of Appeals for the Third CircuitUnited States Court of Appeals for the Fifth CircuitUnited States Court of Appeals for the Eleventh CircuitUnited States District Court for the Eastern District of New YorkUnited States District Court for the Southern District of New YorkUnited States District Court for the Eastern District of TexasUnited States District Court for the Northern District of TexasUnited States District Court for the Southern District of TexasUnited States District Court for the Western District of TexasUnited States District Court for the Central District of California
Education
  • J.D., The University of Texas at Austin
    with honors
  • B.A., The University of Texas at Austin

EXPERIENCE

  • Acted as lead defense counsel for a large IT management company that faced class action, derivative, and regulatory matters following the disclosure of a significant cybersecurity breach
  • Represented the lead underwriter in a securities class action alleging false statements in the initial public offering (IPO) prospectus for a biopharmaceutical company
  • Acted as lead defense counsel for a large medical device company in a class action alleging accounting fraud that involved a financial restatement and insider trading
  • Represented a Texas-based software company in a class action and SEC investigation that involved alleged fraudulent revenue-recognition claims
  • Acted as defense counsel for the nation’s largest public medical cannabis company in a securities class action filed in the Middle District of Florida
  • Represented the former executives of hospitals and stand-alone emergency rooms in multiple securities and derivative matters following the company’s bankruptcy
  • Represented the former CEO and CFO of an Austin-based lithium-ion battery company in a securities class action
  • Conducted an internal investigation on behalf of a special committee formed by the board of a Houston-based oil company
  • Acted as lead defense counsel for the former CEO and CFO of an offshore oil and gas construction and repair company in a securities class action, SEC investigation, and breach of fiduciary duty action arising out of its 2007 IPO and subsequent bankruptcy
  • Represented a large online health product merchant and its current and former officers and directors in a federal class action and state derivative action alleging misleading public disclosures about manufacturing problems following the company’s 2009 IPO
  • Represented the former CFO of a Chinese company publicly traded on the New York Stock Exchange in a federal securities class action alleging fraudulent financial statements
  • Acted as defense counsel for an oil and gas exploration company and its directors in a securities class action and related derivative matters filed in Oklahoma federal and state court
  • Represented the former officers and directors of a Florida-based bank in a Federal Deposit Insurance Corporation (FDIC) investigation of claims of mismanagement of the bank’s lending practices
  • Defended a national broker-dealer in a class action filed in Atlanta alleging that defendants improperly marketed investments in an alleged Ponzi scheme
  • Acted as lead defense counsel for the former CFO of a public biotech company in an adversary proceeding filed by the debtor alleging corporate waste
  • Acted as lead defense counsel in a securities class action filed in the Eastern District of Louisiana and related SEC investigation of an international offshore oil services company
  • Represented the president and CEO of a software company in shareholder litigation and related SEC enforcement action filed in the wake of one of the largest financial restatements in US history
  • Acted as lead defense counsel for an oil exploration company in class action litigation filed in Texas State Court by shareholders challenging the sale of the company
  • Acted as lead defense counsel for a large Houston-based oil exploration and services company in a shareholder class action filed in Oklahoma State Court challenging the fairness of a more than USD50 billion merger
  • Represented one of the nation’s largest insurance companies in a class action filed in Oklahoma federal court by customers challenging the company’s insurance and investment products sales practices
  • Represented one of the nation’s largest private equity investors in class action litigation filed in Kentucky by shareholders challenging the acquisition of a hotel company
  • Defended a large insurance company in a multibillion-dollar class action filed by investors who purchased variable annuities in their qualified retirement plans
  • Represented an international direct seller of personal care products in a securities class action filed in the Northern District of Texas
  • Represented the former CFO and COO of an Austin-based software company in a securities class action filed in the Western District of Texas
  • Defended a financial services company and its board in a class action filed in the Northern District of Texas by shareholders challenging a management lead buyout
  • Acted as lead defense counsel in a securities class action filed against a Dallas-based financial services software company and its executives in the Northern District of Texas
  • Represented a Dallas-based internet services company and its officers and directors in a securities class action arising out of the company’s IPO
  • Defended a storage-router company and its key executives in a securities class action filed in federal court in Austin.
  • Acted as co-lead defense counsel in a securities class action filed in the Southern District of Texas against an ATM manufacturer and its directors and executives

AWARDS AND RECOGNITION

  • Band 2, Securities Litigation, Chambers USA, 2018-2024

Media Mentions

  • Mentioned, “SEC, SolarWinds In Settlement Talks After Cyber Suit Trimmed,” Law360, August 12, 2024
  • Mentioned, “SEC, SolarWinds Walk Away From Settlement Talks,” Law360, November 12, 2024

Connect

Phone

+1 512 457 7010
(Work, CITY)
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