Opinion ID: 793659
Heading Depth: 2
Heading Rank: 1

Heading: Quattrone's Role as the Head of the Tech Group at CSFB

Text: 4 CSFB is a global, full-service investment banking firm. J.A. 100 (Tr. 621-22). In 2000, CSFB was principally divided into three business divisions — the Investment Banking Division (IBD), the Equity Division, and the Fixed Income Division. J.A. 100 (Tr. 623-24). IBD rendered financial services and advice to companies and governments. J.A. 100 (Tr. 621-22). J.A. 100 (Tr. 622). The Equity Division managed the purchase and sales of securities by CSFB in the public markets, including the New York Stock Exchange. J.A. 100 (Tr. 623-24). 5 In certain business areas, CSFB was further divided into groups within each division or into collaborative groups that performed functions that would otherwise be executed by more than one division. J.A. 100-01 (Tr. 624-26). As relevant here, CSFB conducted business through two groups — the Equity Capital Markets Group (ECMG) and the Global Technology Group (the Tech Group). ECMG functioned as a joint group between IBD and the Equity Division and was responsible for bringing IPOs to market. J.A. 100-01 (Tr. 624-25). The Tech Group was responsible for CSFB's investment-banking activity related to technology (Tech) companies, including underwriting services. J.A. 102 (Tr. 629-30). The Tech Group provided services to two types of customers — Tech company issuer-clients undertaking offerings of equity-based securities and individual customers who traded securities as clients of the Tech Group's Personal Client Services subgroup (Tech PCS). J.A. 480 (Tr. 2115). Tech PCS clients were often high-level executives and officers of Tech companies. 6 In 2000, CSFB employed Quattrone as head of the Tech Group. J.A. 101 (Tr. 626). In that capacity, Quattrone managed 400 technology investment bankers from the firm's Palo Alto, California office. Quattrone and members of the Tech Group provided services in connection with the underwriting of Tech IPOs, including soliciting underwriting business from issuing companies; negotiating the terms of CSFB's underwriting relationship with issuing companies . . .; conducting `due diligence' of the issuing companies; assisting in marketing the IPO . . .; assisting in determining the [offering] price . . .; and assisting in allocating shares of the IPOs among investors. Appellee Br. 5-6.