Beatriz (Bea) Paterno

Ms. Paterno was named a “key lawyer” in The Legal 500 Asia Pacific 2023 in the Regulation/Compliance category. She also has been recognized several times as a runner-up for Litigator of the Week by The Am Law Litigation Daily.

Her experience includes advising:

• Baidu, Inc. and two of its senior officers in securing the dismissal of a federal securities class action alleging that the company had misrepresented its ability to comply with Chinese internet content regulations in a series of 12 public statements spanning more than a year. This case was recognized by the Daily Journal as one of the Top Verdicts of 2021 in California
• RLX Technology Inc. in securing the dismissal of a federal securities class action alleging that the company made material misstatements and omissions regarding certain regulatory changes in violation of the Securities Act of 1933. This case was recognized by the China Business Law Journal as one of its Deals of the Year in 2022
• Pinduoduo Inc. in securing a Second Circuit affirmance of the dismissal of Securities Act claims in connection with the company’s 2018 initial public offering of American depositary shares alleging that the defendants made material misstatements and omissions in the offering documents filed in connection with the IPO
• Pintec Technology Holdings Limited in securing the dismissal of a federal securities class action alleging that the company made misstatements and omissions regarding its business, operations and financial performance in violation of the Securities Act of 1933
• 360 DigiTech, Inc. in securing the dismissal of a federal securities class action alleging that the company made misstatements and omissions regarding its regulatory compliance, business and operations in violation of the Securities Exchange Act of 1934
• ZTO Express (Cayman) Inc. in securing the dismissal of a securities class action alleging that offering materials related to ZTO’s IPO omitted a change in the company’s pricing
• Yunji Inc. in securing the dismissal of a putative securities class action alleging that offering materials in connection with the company’s IPO were false and misleading and omitted material adverse facts
• LexinFintech Holdings Ltd. in securing the dismissal of two class action lawsuits filed in the U.S. District Court for the District of Oregon and the U.S. District Court for the District of New Jersey, asserting claims under Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
• Jianpu Technology, Inc. and two of its executives in securing the dismissal of a securities fraud complaint filed in the U.S. District Court for the Southern District of New York alleging that Jianpu and the executives made material misstatements in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
• Gaotu Techedu Inc. in securing the dismissal of a securities class action complaint filed in the U.S. District Court for the District of New Jersey alleging that the company made material misstatements and omissions in violation of federal securities laws
• 9F Inc. in two putative securities class actions in federal and state court alleging that the company made misstatements and omissions in connection with its 2019 initial public offering in violation of the Securities Act of 1933
• Nio Inc. in several securities class actions in federal and state courts in New York and California alleging that the company made false and misleading statements regarding its business operation in violation of federal securities laws
• Grab Holdings Limited in a putative federal securities class action alleging that the company made false and misleading statements regarding its business operations and prospects in violation of the federal securities laws

Prior to joining Skadden in 2019, Ms. Paterno worked at another major U.S. law firm in New York, where she represented corporate clients in a broad range of trial and appellate litigation matters, regulatory investigations and corporate internal investigations. She also interned at the U.S. Attorney’s Office for the Southern District of New York.