Joe Crace counsels companies and individuals facing liability under federal and state securities laws, and represents companies involved in disputes with shareholders and other investors. He has handled securities and shareholder litigation matters for both public and private companies in various industries, including healthcare, financial services and food services. Joe also works with companies and their directors and officers to achieve favorable results in high-stakes cases and claims related to mergers and acquisitions. Over the past three years, Joe has represented multiple healthcare-related companies and their directors and officers in litigation related to mergers and acquisitions with valuations exceeding $3.6 billion.
Joseph B. Crace, Jr.
Counsel
Nashville
Notice
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Joseph B. Crace, Jr.
Counsel
Nashville
jcrace@bassberry.com
https://www.bassberry.com/professionals/crace-joseph-b/
Memberships
American Health Law Association (AHLA)
American Bar Association
Nashville Bar Association
Joe Crace counsels companies and individuals facing liability under federal and state securities laws, and represents companies involved in disputes with shareholders and other investors. He has handled securities and shareholder litigation matters for both public and private companies in various industries, including healthcare, financial services and food services. Joe also works with companies and their directors and officers to achieve favorable results in high-stakes cases and claims related to mergers and acquisitions. Over the past three years, Joe has represented multiple healthcare-related companies and their directors and officers in litigation related to mergers and acquisitions with valuations exceeding $3.6 billion.
Memberships
American Health Law Association (AHLA)
American Bar Association
Nashville Bar Association
Representative Experience
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We served as lead counsel for Envision and 23 individual defendants in a putative class action alleging violations of Sections 10(b), 20A and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12 and 15 of the Securities Act of 1933. In its original complaint, the plaintiffs claimed billions of dollars in damages alleging that the defendants made materially false and misleading statements and omissions concerning the company’s contracts and out-of-network billing. We were successful in getting several key allegations dismissed early in the case, including allegations related to Envision’s purported upcoding, improper increases in hospital admission rates, Envision’s transition to in-network status, and due diligence on certain 2014-2015 contracts. This case involved a massive amount of discovery, leading to over 50 depositions and more than 3.2 million pages of documents produced by both parties and non-parties. In May 2023, Envision entered Chapter 11 proceedings. We were successful in getting the securities litigation stayed to make an effort to resolve the litigation through settlement. The settlement, which was fully covered by insurance proceeds, was finalized for $177.5 million. In re Envision Healthcare Corporation Securities Litigation, Civil Action No. 3:17-cv-01112 (M.D. Tenn.).
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We represented Stan Johnson Company, a real estate brokerage and advisory firm that focuses on investment sales across multiple asset...
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Served as lead counsel for Morgan Keegan and related entities in Federal securities, ERISA and derivative multi-district litigation related to investment company losses in the wake of the credit crisis
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In 2017, our attorneys worked on a case with the National Veterans Legal Services Program (NVLSP) representing an Army veteran...
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Successfully argued issue of first impression under the Securities Litigation Uniform Standards Act before the U.S. Court of Appeals for the Sixth Circuit
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Represented Pinnacle Financial Partners in a class action brought on behalf of shareholders of Avenue Bank
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Represent Ruby Tuesday and certain named officers in a putative class action alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
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Represented the largest private practice radiology group in Tennessee in its acquisition by MEDNAX
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Represented Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) in its merger with BNC Bancorp (NASDAQ: BNCN)
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Represented Windy Hill Spirits in its sale to premium spirits company
Representative Experience
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Client Type: Private Company
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Client Type:
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Client Type: Public Company
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Client Type: Pro Bono
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Client Type: Public Company
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Client Type: Public Company
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Client Type: Public Company
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Client Type: Private Company
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Client Type: Public Company
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Client Type: Private Company
Publications
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April 23, 2020 | Firm Publication
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August 19, 2019 | Bloomberg Law
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May 28, 2019 | Recent Developments in Business and Corporate Litigation, 2019 Edition
Past Events
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April 28, 2017 | Nashville, TennesseeBusiness Law Forum 2017
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March 7, 2014 | Nashville, TennesseeTBA Litigation Section Annual CLE Forum
Media Mentions & Firm News
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December 11, 2020 | Mid-South Super Lawyers
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November 5, 2019 | Mid-South Super Lawyers
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November 9, 2018 | Mid-South Super Lawyers
Publications
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April 23, 2020 | Firm Publication
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August 19, 2019 | Bloomberg Law
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May 28, 2019 | Recent Developments in Business and Corporate Litigation, 2019 Edition
Media Mentions & Firm News
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December 11, 2020 | Mid-South Super Lawyers
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November 5, 2019 | Mid-South Super Lawyers
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November 9, 2018 | Mid-South Super Lawyers
Accolades
Mid-South Super Lawyers “Rising Star” (2014-2020)
Cornell Law Review — Managing Editor
Georgetown Journal of International Affairs — Section Editor
Cornell Law School — Kasowitz Prize for Excellence in Legal Writing and Oral Advocacy
Accolades
Mid-South Super Lawyers “Rising Star” (2014-2020)
Cornell Law Review — Managing Editor
Georgetown Journal of International Affairs — Section Editor
Cornell Law School — Kasowitz Prize for Excellence in Legal Writing and Oral Advocacy
Related Services
Related Industries
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Cornell Law School - J.D., 2005
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Georgetown University - B.S., 2002
Education
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Cornell Law School - J.D., 2005
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Georgetown University - B.S., 2002
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Tennessee, 2009
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New York, 2006
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U.S. District Court, Eastern District of New York
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U.S. District Court, Southern District of New York
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U.S. District Court, Eastern District of Tennessee
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U.S. District Court, Middle District of Tennessee
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U.S. District Court, Western District of Tennessee
Admissions
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Tennessee, 2009
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New York, 2006
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U.S. District Court, Eastern District of New York
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U.S. District Court, Southern District of New York
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U.S. District Court, Eastern District of Tennessee
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U.S. District Court, Middle District of Tennessee
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U.S. District Court, Western District of Tennessee