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Shepherd D. Tate

Shepherd D. Tate

Member
Memphis
(901) 543-5701
state@bassberry.com
https://www.bassberry.com/professionals/tate-shepherd-d/

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Shep Tate is practice leader of the firm’s Broker-Dealer & Financial Products Litigation Practice Group, focusing on securities litigation, arbitration, compliance and regulatory matters.

  • Securities & Shareholder Litigation – Shep represents public and private companies in the financial services industry in matters relating to governance, finance and sales practices.
  • Financial Products & Broker-Dealer – Shep has represented broker-dealers, financial institutions, investment advisers, commodities firms and registered representatives in a wide variety of disputes throughout the country, ranging from trading desk disputes, raiding and employee transition cases, breach of contract actions, sales practice cases, product failure disputes, mark-up issues, and allegations of fraud and breach of fiduciary duty. He also represents firms and associated persons in regulatory proceedings involving FINRA and state and federal securities regulators.
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Memberships

Memphis Bar Association

Tennessee Bar Association

American Bar Association

Representative Experience

  • Open-End Fund, Closed-End Fund and ERISA Litigation for Morgan Keegan

    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

    We served as lead counsel for Morgan Keegan and related entities in Federal securities, ERISA and derivative multi-district litigation related...
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    Client Type: Public Company
  • American Tubing Arkansas Sold to Sanhua International, Inc.

    Represented American Investment Funds I, LLC, parent company to American Tubing Arkansas, LLC, in its sale to Sanhua International, Inc.

    We represented American Investment Funds I, LLC, parent company to Springdale, Arkansas-based American Tubing Arkansas, LLC, a leading producer of...
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    Client Type: Private Company
  • Texas Pharmacies Seek More Than $15 Million in Prompt Pay Penalties

    Assisted in the early and successful resolution of 47 arbitration claims under the Texas Prompt Pay laws brought by pharmacies against a pharmacy benefit manager

    We assisted in the early and successful resolution of 47 arbitration claims under the Texas Prompt Pay laws brought by...
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    Client Type: Public Company
  • Defense of Product Failure Cases

    Represented Morgan Keegan in defense of more than 300 customer-initiated arbitrations in the wake of the failure of a family of mutual funds

    Between 2008 and 2012, we represented Morgan Keegan in defense of more than 300 customer-initiated arbitrations in the wake of...
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    Client Type: Public Company
  • Raiding Case Before NASD Arbitration Panel Results in $6 Million Award

    Represented Duncan-Williams, Inc. in a raiding case against Coastal Securities, Inc., in which our client alleged that Coastal and former Duncan-Williams employees conspired to misappropriate, copy and delete documents in a raid of the Duncan-Williams public finance department

    We represented Duncan-Williams, Inc. in a raiding case against Coastal Securities, Inc., in which our client alleged that Coastal and...
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    Client Type: Private Company
  • Success for Raymond James in FINRA Raiding Case

    Represented Raymond James & Associates, Inc., in a raiding claim against a competitor, Cantor Fitzgerald, that hired a significant number of employees away from our client’s fixed income department

    We represented Raymond James & Associates, Inc., in a raiding claim against a competitor, Cantor Fitzgerald, that hired a significant...
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    Client Type: Public Company
  • Success Before the Sixth Circuit, Petition for Certiorari Defeated

    Successful representation of Securities Service Network, Inc., and its principal officer in an arbitration that was brought outside of the NASD’s (now FINRA’s) six year eligibility period

    We successfully represented Securities Service Network, Inc., and its principal officer in an arbitration that was brought outside of the...
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    Client Type: Private Company

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Media Mentions & Firm News

Accolades

Best Lawyers in America® — Memphis Arbitration “Lawyer of the Year” (2019, 2015); Memphis Litigation: Securities “Lawyer of the Year” (2014); Memphis Securities Regulation “Lawyer of the Year” (2013); Memphis Securities / Capital  Markets Law “Lawyer of the Year” (2011)

Best Lawyers in America® — Arbitration; Bet-the-Company Litigation; Commercial Litigation; Litigation: Regulatory Enforcement (SEC, Telecom, Energy); Litigation: Securities; Securities Regulation (2003-2019)

Mid-South Super Lawyers (2006-2018)

Business Tennessee “Tennessee’s Best 150 Lawyers”

Tennessee Bar Foundation — Fellow

Memphis Bar Association — Fellow

Related Services

Education

  • Vanderbilt Law School - J.D., 1977
  • Vanderbilt University - B.A., 1974

Admissions

  • Tennessee, 1977
  • U.S. District Court, Middle District of Tennessee, 1997
  • U.S. Supreme Court, 1995
  • U.S. Court of Appeals Sixth Circuit, 1994
  • U.S. District Court, Western District of Tennessee, 1978