USA

Nationwide

Securities


Due to the number of tables in this section, the editorial is in alphabetical order by firm name.

Securities - Nationwide

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Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A securities practice with a strong focus on defending against regulatory agency enforcement actions. Maintains a broad national footprint and offers a solid bench with distinct strength in managing clients through investigations.

Strengths (Quotes mainly from clients) 
They're very responsive; they kept us up to date and produced high-quality securities work. They've got very good relationships with the regulators at the SEC. I was positively impressed.

Notable practitioners  

Enforcement attorney Michael Trager is described by interviewees as "an excellent lawyer - very responsive, detailed, thorough and interested in coming to proactive solutions for the client." Sources also highlight the strength of his understanding of the SEC and other regulatory agencies.

Basic facts about the department
Key offices include New York, Chicago and San Diego.

What the team is known for Delivers formidable results in high-stakes securities class action and shareholders' rights litigation for plaintiff-side clients such as public pension funds and other institutional investors. Known for its preparedness and willingness to take cases to trial.

Strengths (Quotes mainly from clients)
In my experience I thought they were the best. They established themselves as leaders in the case and handled it with tremendous skill, particularly in the negotiations. There was a point where they realized they had the defendants over a barrel and just played it perfectly.

They're very good, tenacious. They're one of the firms you have to pay acute attention to.

Work highlights Represented a collection of plaintiffs made up of numerous retirement systems in a $2.425 billion class action alleging liability on the part of Bank of America in the violation of federal securities laws. This was reportedly the sixth largest securities class action recovery of all time.

Acted as bond counsel for Minneapolis Firefighters' Relief Association, Louisiana Municipal Police Employees' Retirement System and Louisiana Sheriffs' Pension & Relief Fund in a bond action litigation. The recovery of $730 million was the second largest brought by purchasers of debt-related assets and comes after four years of litigation, including 70 depositions.

Notable practitioners  

Star of the plaintiffs Bar and senior founding partner Max Berger is unanimously respected as a strategist and tactician. Peers report that he is "a phenomenally impressive guy" with "tremendous skill in negotiations." Berger's range of practice includes securities fraud class actions and shareholder litigation.

Salvatore Graziano is often engaged by institutional investors and hedge funds for particularly high-stakes litigation. Sources attest that "he doesn't fight about stuff that doesn't matter. He's strategic, thoughtful and serves his clients well." Graziano is particularly noted for his abilities in securities fraud litigation.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A blue-chip firm in the securities space, most notably with respect to regulatory compliance and enforcement matters. An impressive bench comprising a number of SEC alumni is routinely engaged in the most cutting-edge matters on behalf of some of the world's most recognizable multinationals and financial institutions. Also lauded for its ongoing strength in securities litigation, defending boards of directors, officers and individuals in the most sophisticated and high-stakes matters.

Strengths (Quotes mainly from clients)
They have been excellent. They've got a good experience base: knowing the law is one thing but knowing the process and participants is another. The people at Cleary have the situation know-how to get the law implemented.

"Their litigators have been great. These guys understand the deals - that's where the rubber hits the road. You don't have to get them familiar with the transactions - they get the nuts and bolts of practical issues."

"Incredibly smart, quick at getting what is important, excellent writers. We hired them because of their experience in derivative litigation matters."

They have been extremely available at short notice, holidays, weekends, while the partners were on vacation – things always come up at the worst possible time and they've always been gracious and professional.

Work highlights Continued representing numerous financial institutions in the litigation relating to the fraudulent activity of Bernie Madoff. One victory of particular note was the dismissal of class action claims raised by a multitude of foreign investors against HSBC and The Bank of New York Mellon.

Achieved a victory for Marc Gabelli, the portfolio manager of a mutual fund, dismissing all claims brought against him in 2008 by the SEC alleging violation of the Investment Advisors Act.

Notable practitioners

Alan Beller is an expert in the securities regulatory advisory space and is very well reputed for his very broad knowledge and depth of experience. Clients report: "I find him to be an invaluable partner when we have tricky issues around disclosure. He offers valuable insights."

Mitchell Lowenthal, a stalwart of the securities litigation Bar, is regarded as "a consummate professional in expertise and judgment." Sources also describe him as  "pragmatic and extraordinarily diplomatic." Lowenthal recently led a team defending a group of underwriters, including Merrill Lynch, UBS and Morgan Stanley, in class action litigation stemming from five offerings of RBS preference shares. 

Former SEC general counsel Giovanni Prezioso is recognized for his securities regulation expertise in both the enforcement and advisory spaces. Clients describe him as "outstanding, extremely articulate and an excellent communicator in the boardroom."

Significant clients NYSE Euronext, Citigroup Global Markets, Barclays, Goldman Sachs, JPMorgan Chase.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A renowned national practice in the regulatory sphere with a strong bench specializing in governmental enforcement actions and the provision of compliance advice. Caters to a broad spectrum of clients from individuals to financial institutions, pre-IPO organizations and large public companies.

Strengths (Quotes mainly from clients)
The attorneys are experts in their areas of practice. The firm demands that its attorneys provide a high level of client service and this culture carries down to the associates. They work hard to understand us and to show us areas in which they can help us to meet our business goals.

“They are very responsive and experts in the field. They really understand the business risks.

Work highlights Represented Kimon Daifotis, former chief investment officer of fixed income for Charles Schwab Investment Management, in connection with a number of actions by the SEC including a federal securities fraud class action and a state shareholder derivative suit.

Represented former UBS employee Roger Darin in connection with global investigations by numerous regulatory agencies, including the SEC and CFTC, into potential manipulations of LIBOR.

Notable practitioners  

David Martin is one of the top practitioners in the advisory sphere. Clients regard him as "one of the absolute deans of the federal securities Bar - exceptionally smart, responsive and practical."

Sources describe Bruce Baird as "very seasoned, very solid, levelheaded, very collaborative and easy to work with." They continue: "The worst thing you can do is underreact and the second worst thing is overreact. Bruce plays in a moderate way." Baird is a regulatory enforcement attorney who recently represented Deere & Company in connection with a high-profile FCPA investigation.

An expert in JOBS Act and Dodd-Frank compliance, Keir Gumbs continues to build his reputation in the advisory sphere. He is described as a "very responsive expert in the field" who "really understands the business risks."

The "very serious and very smart" David Kornblau is highlighted by sources as "really smart and good at rolling up his sleeves and coming up with creative approaches." Kornblau is highlighted for his expertise in the regulatory enforcement space.

Significant clients Deere & Company, NYSE Euronext, URS Corporation, Citi, Municipal Mortgage & Equity.

Basic facts about the department
Key office is New York. 

What the team is known for An esteemed securities litigation practice that merits its superb reputation with an impressive bench of highly acclaimed partners. Provides expert advice and representation across all major areas of securities litigation, with a superb track record in handling litigation stemming from the financial crisis, alongside tremendous strength in M&A litigation and securities fraud class actions. Also noted for its expertise in securities regulation advisory matters, advising boards of directors with respect to a full range of risk management, disclosure and other compliance matters. 

Strengths (Quotes mainly from clients)
They are the best firm that I know. The team is made up of a very good group of excellent lawyers. They're smart, good writers and responsive.

A superb firm. Their litigators are a superb bunch of professionals.

"Excellent. They are extremely knowledgeable on governance. They bring learning and expertise on how to handle issues."

Work highlights Won a hugely impressive victory for Vivendi against securities fraud claims brought by GAMCO Investors. Set a precedent for defendants by successfully rebutting the 'fraud on the market' presumption of reliance, defeating the plaintiff's reliance on an internal statutory model rather than relying on true market value in its decision to invest.

Continued to advise Bank of America with respect to its periodic reporting and compliance obligations.

Notable practitioners  

Richard Clary is a nationally renowned litigator who handles a full range of securities matters as part of a broader litigation practice. Clients comment: "He's one of the top litigators in the world. Very talented, very intellectual but good with clients as well."

John White is cochair of Cravath's corporate governance and board advisory practice. He is considered an expert in a range of securities regulation matters including public reporting obligations and corporate governance. One client reports: "His client service is excellent. I'd describe him as thoughtful, reasonable and effective. He's organized and a joy to work with."

Well-regarded securities litigator Robert Baron heads the firm's litigation department and is regarded as "an excellent lawyer" by market observers. He has led the team in its ongoing defense of Merck in a federal securities class action and related securities claims regarding the client's withdrawal of its Vioxx medication from the market.

Susan Webster is head of the firm's general corporate practice and is highlighted for her strength in the regulation advisory sphere, advising corporate clientele on SEC compliance obligations. She also shows expertise at dealing with Foreign Corrupt Practices Act (FCPA) matters.

Up-and-coming securities litigator Antony Ryan is particularly highlighted for his expertise in accountant liability, having successfully represented major auditors PwC and Deloitte in securities class actions of huge significance. Clients laud him as "very thoughtful, detail-oriented, a very quick study and a great writer."

Significant clients Credit Suisse, PwC, the outside directors of Citi, Deloitte, Barnes & Noble.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A highly respected operator in the securities space, demonstrating considerable strength in litigation, regulatory advice and enforcement defense. Expansive client roster of major financial institutions and multinational organizations.

Strengths (Quotes mainly from clients)
"I rely on them for their internal investigations and regulatory compliance. They've got great legal minds and are all very practical. They understand how companies work - what our challenges and sensitivities are."

"They're really smart, they have the subject matter expertise. They stand out in that there are many different levels of seniority and they all have wonderful judgment."

Another excellent firm: what stands out about it is it's got a good deep-balanced team.

Work highlights Acted for Morgan Stanley in every lawsuit related to the financial crisis including 35 RMBS-related cases, ten repurchase actions and five cases relating to CDOs.

Represented MF Global's independent board members in several pieces of litigation and a number of investigations by the SEC and the Commodity Futures Trading Commission (CFTC) in relation to its bankruptcy.

Notable practitioners  

A star in the broker-dealer space and a top player in regulatory enforcement, Annette Nazareth is often sought out by some of the most influential financial institutions. Sources say: "Her client service is great. She's very responsive and makes herself available whenever you need her. She's invaluable for big-picture stuff."

Linda Chatman Thomsen is the former head of enforcement at the SEC and is highly respected in the regulatory space. Clients call her "wonderful - extremely smart and very much a wise counselor. She's very responsive and very good at what she does."

Lawrence Portnoy is referred to by clients as "a superb civil litigator" who is "strongly analytical, very articulate and good on strategy." Recent successes include settling a shareholder derivative litigation for Bank of America in connection with the client's acquisition of Merrill Lynch.

Securities litigator James Rouhandeh is described by peers as "very good, very sensible, practical and solid." He is recommended for his experience as lead counsel in high-stakes litigation, such as the recent fraud allegations arising from the Facebook IPO.

Significant clients Bank of America, Citibank, Credit Suisse, E*TRADE, Goldman Sachs.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Noted expertise in both litigation and regulatory matters within the securities space. Demonstrates strength in defending major public companies and individuals in connection with investigations and enforcement actions by regulatory bodies such as the SEC and FINRA, as well as in matters pertaining to FCPA violation. Respected handling of the full range of securities litigation, with particular expertise in the representation of US-traded foreign companies.

Strengths (Quotes mainly from clients)
They're creative, flexible, and have great credibility when dealing with the regulators.

“They are incredibly efficient. They've got a team and infrastructure that allow them to work with skill and efficiency in record time."

Work highlights Represented MetLife and Prudential Financial in several securities class actions and derivatives lawsuits concerning their policies toward unclaimed life insurance benefits.

Defended 3M in a series of investigations by the SEC and DOJ regarding potential FCPA violations. All investigations were closed without action taking place, in a complete victory for the client. 

Notable practitioners  

Paul Berger is highlighted for his strength in defending large public companies from alleged compliance violations and government enforcement actions as well as FCPA infringement. He recently co-led the team in successfully representing 3M in connection with FCPA investigations by the SEC and DOJ.

Jonathan Tuttle is recognized for his strength in the securities litigation sphere. Sources call him a "brilliant lawyer who is wise beyond his years."

Significant clients MetLife, Prudential Financial, Federal Reserve Bank of New York, JPMorgan Chase, Westfield Group.

Basic facts about the department
Key office is New York.

What the team is known for Illustrates particular strength in regulatory enforcement matters, regularly acting for companies and individuals in the most cutting-edge of proceedings before the SEC and DOJ. The regulatory group is complemented by a securities litigation practice with notable expertise in derivative litigation.

Strengths (Quotes mainly from clients)
"They are excellent - they are incredibly thoughtful. They kept me up to date, scheduled calls and meetings for me and did a terrific job preparing me."

"They gave very sound judgment and very practical advice. They are able to distill the issues in a way that's really understandable, and based upon that understanding you can make better business decisions."

Work highlights Represented an individual as part of the Gabelli litigation, winning an influential victory in which the Supreme Court ruled that the five-year statute of limitation regarding civil penalty actions begins when the fraud is alleged to have occurred rather than when it is discovered by the SEC. This meant the SEC's case was dismissed on the grounds that the penalty claim had expired.

Continued to represent the independent directors of Lehman Brothers with respect to the host of actions that have occurred since the Lehman bankruptcy. Obtained a full dismissal from ERISA class actions and successfully appealed before the Second Circuit to overturn a rejection of a integral argument to the clients' defense.

Notable practitioners  

Andrew Levander is a hugely respected litigator in this field and is highlighted for his strengths as a trial lawyer and in regulatory enforcement defense. Clients praise him as "very smart, hard-working and seasoned in representing high-profile individuals and boards, and that experience puts him in a very good position to advise."

Significant clients OppenheimerFunds, Blythe Masters, Munder Capital Management, The Bank of New York Mellon, Deutsche Bank.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Demonstrates strong capability in handling regulatory enforcement actions and investigations by the SEC, DOJ and other agencies. Clients include investment banks, accounting firms, hedge fund managers and senior executives.

Work highlights Represented David Lerner Associates in an enforcement action by FINRA, alleging the client did not properly investigate investor suitability and false advertising in relation to retail sales of Apple REIT 10.

Notable practitioners  

Karl Groskaufmanis is described by sources as "diligent with a broad range of expertise - a tireless practitioner who's seen it all." He is recognized for his experience advising clients on the application of securities laws.

Significant clients Wells Fargo.

Basic facts about the department
Key offices include New York, Los Angeles and Washington, DC.

What the team is known for A hugely admired history of success in the securities sphere. Extraordinarily strong presence in both litigation and regulatory work, boasting an enviable bench of highly skilled and widely respected partners. Continuing excellence in regulatory enforcement and advisory matters, with a strong group of former SEC, FINRA and CFTC officers. Highly impressive recent performance in securities litigations, handling some of the most highly publicized matters, most notably with respect to MBS cases. 

Strengths (Quotes mainly from clients)
They do a great job on the corporate securities side. They're extremely efficient and it's tremendous value as well. Their work is outstanding across the board – A-plus consistent service.

Their knowledge of securities law and in particular how the SEC staff interprets the regulations is essential. They've got very good relationships with the SEC, which is very helpful.

Work highlights Defended UBS in a wave of class action lawsuits alleging fraudulent manipulation of Libor as part of the grand-scale multidistrict litigation currently taking place. The majority of claims filed against UBS were successfully dismissed this year.

Acted for Corvex Management and Related Fund Management in a close-fought arbitration in an effort to remove the trustees of the CommonWealth REIT, of which the clients are major shareholders, alleging breaches of fiduciary responsibility.

Notable practitioners  

Litigation cochair Mark Kirsch is highlighted by clients as "a standout individual." Peers call him a "very smart guy, trial-ready and extremely pleasant to deal with."

Barry Goldsmith cochairs Gibson's formidable regulatory enforcement practice. Clients note the advantage of his background: "He's a former senior guy at SEC and just has a way about him. He's very talented at distilling things down to their essence." Goldsmith recently represented UBS in relation to regulatory investigations into potential LIBOR manipulation.

The brilliantly adept Joseph Warin is renowned in both securities litigation and regulatory enforcement. Peers say he is "unbelievable, first-rate. He works seamlessly with large clients and with other law firms, which says something about his stature. So easy to work with." He recently represented Hewlett-Packard in connection with an investigation by the SEC and DOJ into alleged violations of the FCPA.

Key player in the regulation advisory space Amy Goodman is regarded by peers as "one of the most experienced governance advisory lawyers around. She's very good technically and her strengths at a high level."

The Los Angeles-based litigator Dean Kitchens is capable of representing an array of clientele including both issuers and underwriters as well as individuals on the full gamut of contentious securities matters. Clients report: "He does a great job of being efficient; he's very down to earth and very focused on what we're trying to accomplish."

John Olson is a central member of the firm's securities advisory practice. Beloved by clients, he is reportedly "extremely knowledgeable and experienced. He has a big-picture view you develop by practicing at the highest level for decades." Olson's clients include BP, Coca-Cola and Con Edison.

Former head of corporate finance at the SEC, Brian Lane is a go-to individual for securities regulatory compliance counseling. According to peers, he is "one of the most distinguished members of the Bar" in the regulatory advisory space. Clients say: "His insights into the SEC thought process and how it examines a case were very helpful."

Lawrence Zweifach is recognized for his regulatory enforcement expertise. Market observers comment that he is "a very well-recognized securities regulation expert - very good to work with."

Significant clients Goldman Sachs, the independent directors of JPMorgan, Moody's, Ameristar, Intel.

Basic facts about the department
Key offices include New York and Boston.

What the team is known for A highly proficient securities litigation practice. Impressive track record in MBS litigation and additional strength in securities fraud class actions and M&A litigation.

Strengths (Quotes mainly from clients)
"They're business-friendly, aware of the rules and how we're going to work within those rules. They can give business-focused answers."

I found them extremely detailed, thorough, process-driven and accessible.

Work highlights Acted successfully for Countrywide Financial in shareholder derivative litigation against its former directors and officers stemming from its acquisition by Bank of America.  

Notable practitioners  

The highly experienced Mark Holland is well versed in defending large financial institution clients in class actions and derivative cases. One client describes him as "a good communicator who explains complex matters very well. He provides extremely good advice and presented our opinions to the court very well."

One client lauds Brian Pastuszenski as "the most levelheaded, clear-eyed securities litigator I have ever encountered," while another notes that he can "make defensible judgments without overacting in a way that is detrimental to the business." He led the firm's work in several high-profile matters on behalf of Countrywide Financial.

Significant clients Credit Suisse, GE, Goldman Sachs, UBS Securities, Wells Fargo.

Basic facts about the department
Key offices include Wilmington and New York.

What the team is known for One of the best-reputed firms working in the field of plaintiff-side securities litigation. Builds on its strong record of success in class action and opt-out cases. Huge reputation for maximizing recoveries for its clients.  

Strengths (Quotes mainly from clients)
They're effective lawyers; I greatly respect their approach and judgment.

Work highlights Reached a settlement of $139 million for the shareholders of News Corporation, alleging a breach of fiduciary duties with respect to putting the personal interests of CEO Rupert Murdoch before the interests of the public stockholders.

Represented a number of institutional and individual investors in the opt-out of the class action litigation brought against Citi in the Southern District of New York. The opt-out action alleged violation of the UK's Financial Services and Markets Act and was settled on very favorable terms by comparison to the related class action. 

Notable practitioners  

Jay Eisenhofer is "among the best in the space on the plaintiff side," say sources. Eisenhofer continues forging a stellar reputation in plaintiff-side litigation. One peer describes him as "incredibly smart and practical - he's creative and a good problem solver."

Stuart Grant is considered to be a leading plaintiff-side securities litigator, most notably with respect to M&A litigation.

Basic facts about the department
Key offices include Denver, San Francisco and Washington, DC.

What the team is known for A securities regulatory practice with a strong bench in both the advisory and enforcement defense spheres. Noted excellence in advising in relation to matters such as SEC reporting requirements, corporate governance and insider trading laws.

Strengths (Quotes mainly from clients)
"They are technically very good, very knowledgeable and they are very, very responsive.

They're very strong. Their knowledge of our industry and ability to be business partners makes them stand out.

Notable practitioners  

Alan Dye is a regulatory compliance adviser who is particularly noted for his understanding of Section 16 of the Securities Exchange Act of 1934, concerning filing responsibilities. Sources call him "a very skilled and experienced lawyer."

Peter Romeo advises clients in connection with a range of matters including SEC filing requirements. Peers call him a "master of Section 16."

Denver-based litigator Daniel Shea is highlighted for his expertise in defending his corporate clientele from enforcement actions by the SEC as well as in class actions and derivative shareholder litigation.

Michael Shepard is based in San Francisco and is recognized for his handling of regulatory defense matters. His range of experience includes FCPA investigations and insider trading cases.

Significant clients Apple, Dell, Office Depot, UnitedHealth Group, NextEra Energy.

Basic facts about the department
Key offices include New York, Chicago and Washington, DC.

What the team is known for A unique offering from the strong litigation practice based in Chicago. Acts on both the defendant and plaintiff sides of cases, often defending individuals as well as corporations in connection with securities class actions. Additionally represents financial institution plaintiffs in pursuing claims, most recently in the CDO and RMBS spheres in particular.

Strengths (Quotes mainly from clients)
I'm yet to meet a lawyer from Jenner I'm not impressed by. Each of them really understands their specialty.

"They've been great. They've been very responsive and did a good job looking out for my personal interests even when they diverged from the matter at hand.

Work highlights Successfully won a declaratory judgment action for Chesapeake Energy within a highly compact timeframe against defendant Bank of New York Mellon Trust. The judgment allowed the client to buy back significantly high interest rate bonds at par that it had previously issued, despite indenture trustee BNY's claim that the early redemption deadline had passed. 

Represented Brookfield Asset Management, bringing an action against AIG in Manhattan federal court relating to a $1.5 billion dispute over whether AIG's bankruptcy could be classed as an instance of default.

Notable practitioners  

Sources praise William Tolbert for being "very service-oriented and very pragmatic." Tolbert is recommended for his abilities in the securities advisory space.

Thomas Newkirk cochairs the securities litigation and enforcement group. Peers highlight his creativity and clients say he's "good at putting himself into the shoes of the regulators."

Significant clients Chesapeake Energy, Brookfield Asset Management, MacAndrews & Forbes, Scientific Games, Logos Capital Management.

Basic facts about the department
Key office is Washington, DC.

What the team is known for A broad-reaching firm with an international reputation. Offers regulatory capability, with particular strength in enforcement defense. Strong focus track record in insider trading cases.

Work highlights Defended a former senior accounting officer of AOL Time Warner from allegations by the SEC that AOL executives had fraudulently inflated the company's online advertising revenue. The court eventually dismissed all claims against this client and no sanctions were imposed.

Successfully represented Jilaine Bauer, former general counsel of Heartland Advisors, in an appeal of a decision finding her guilty of insider trading.

Notable practitioners  

"Thought leader" Stephen Crimmins has a notable practice in regulatory enforcement, building on his experience as the former deputy chief litigation counsel at the SEC. He is also recognized for his strength in insider trading cases.

Michael Missal elicits praise for his credibility before the regulators in enforcement actions. Missal is known as "a very solid lawyer who handles cases economically and effectively."

Significant clients Wells Fargo, Bank of America, LPL Financial, Fifth Third Bank, Capital One.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Advances its national reputation in the securities space by concentrating its keen regulatory practice on the defense of individuals in investigations and regulatory enforcement actions.

Strengths (Quotes mainly from clients)
"It's been extremely positive. They've been responsive to our needs. They give very fast feedback and they push back on our questions - they push us to provide them with the information they need. I feel they help build our team up."

"I am very impressed with the skills of their lawyers and their staff. K&E is the real deal."

Work highlights Represented the former CFO of Dell in obtaining a modification to an administrative order from the SEC.

Represented Peter Jenson, former chief operating officer for the hedge funds of Harbinger Capital Partners, in connection with a joint investigation by the SEC and the US Attorney following allegations of assisting in embezzlement.

Notable practitioners  

Mark Filip, who divides his time between Chicago and Washington, DC, is a key contact.

Significant clients Pershing Square Capital Management, 3G Capital Partners, Chipotle Mexican Grill.

Basic facts about the department
Key offices include New York and Wilmington.

What the team is known for Effective and greatly respected plaintiff-side securities litigation practice with a bench of partners who are highly esteemed by competitors and adversaries alike. Has demonstrated particular strength in the RMBS space with recent activity in major litigations of this ilk.

Strengths (Quotes mainly from clients)
They're incredibly hard-working. I know that if they're on the case there are no corners to be cut, and that we'll have to work as hard as they do. You have to bring your A-game.

Work highlights Acted as co-lead counsel for a number of Ohio retirement systems, alleging several violations on the part of AIG and defeating 22 motions to dismiss spanning the 8-year-long case. The total recovery was valued at over $1 billion.

Acted for an investor client, the Pension Reserves Investment Management Board, taking action against Schering Plough. The clients allege omissions and distortion of the commercial viability of two of the defendant's drug products. The case was settled for $473 million.

Notable practitioners  

Thomas Dubbs focuses on representing institutional investor plaintiffs in high-stakes litigation. Sources report that "he brings perspective, judgment, experience and common sense to anything he's involved in."

Senior statesman Lawrence Sucharow is an immensely respected plaintiff advocate. He is the chairman of Labaton Sucharow.

Significant clients California State Teachers' Retirement System, Connecticut Retirement Plans & Trust Funds, Ontario Teachers' Pension Plan Board, Arkansas Teacher Retirement System, New Jersey Division of Investment.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Prolific securities litigation team with a recognized track record in class actions, derivative suits, audit firm representation and M&A litigation. Equally impressive regulatory enforcement team, representing clients in investigations and enforcement actions before the SEC and other regulatory bodies. Clients include leading financial institutions, Big Four audit firms and multinational corporate entities.

Strengths (Quotes mainly from clients)
Latham has a truly strong national practice. They're smart, strategic and good brief-writers.

"Very high quality. They're particularly good in teamwork, bringing the right resources to bear on a problem and finding aggressive, creative solutions."

Work highlights Represented Eli Lilly in a long-running FCPA investigation by the SEC focusing on payments made by the company's subsidiaries in Europe, Latin America and Asia. The case was successfully settled.

Successfully defended Ernst & Young against claims that it must disgorge and repay to the State of New York $150 million in fees received from Lehman Brothers.

Notable practitioners  

William Baker is an expert in the regulatory enforcement space. Sources describe him as "very responsive to client needs, bright, and strategic in his thinking."

Highly regarded securities litigator Miles Ruthberg receives warm praise from the market. One client attests: "He understands what we need and anticipates issues. He's proactive and communicative - all the things you'd want your outside counsel to be."

The "outstandingPeter Wald is a respected securities litigator. He was on the team that won a dismissal for Ernst & Young against the New York Attorney General regarding allegations of fraudulent exchanges with Lehman Brothers.

Lawrence West is a strong name in enforcement defense, often defending individuals and companies in high-stakes litigation against agencies such as the SEC and Public Company Accounting Oversight Board.

Significant clients Omnicom Group, ePlus, Biglari Holdings, PwC, Weatherford International.

Basic facts about the department
Key office is New York.

What the team is known for Demonstrates expertise in an array of sophisticated securities litigation. Particularly recognized for its representation of investment advisers in securities class actions and derivative suits.

Strengths (Quotes mainly from clients)
"We use them for important strategic litigation and investigations work. They know our company very well, they're efficient and the core partners know our business. They've been very helpful."

Work highlights Defended Morgan Stanley and certain affiliates in claims of fraud and negligent misrepresentation in relation to heavy losses sustained by CDOs.

Represented Rabobank in several individual and class actions relating to alleged LIBOR manipulations.

Notable practitioners  

The formidably experienced James Benedict is head of the securities litigation group and chair of the firm's litigation and arbitration group. Clients recognize him for his specialty in the mutual fund arena.

Chairman of the firm Scott Edelman is noted by peers as "a great guy and a very effective lawyer." Clients describe him as a "top-notch former federal prosecutor, a top litigator. He did a great job."

Significant clients Alliance Bernstein, Credit Suisse, AXA Equitable Life Insurance, Citigroup Global Markets, Putnam Investments.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Builds on a long history in advising financial clients on regulatory compliance issues and defending them from enforcement actions by the regulatory bodies. Noted strength in the broker-dealer space.

Strengths (Quotes mainly from clients)
I think they are excellent. They give practical rules-based guidance and interpretations. These guys can tie their advice to the rule and explain the rationale for the position that they are advocating.

"I feel like I get good and prompt service from their partners. I understand and trust their judgment. They're foremost recognized in the US for broker-dealer or advisory financial services law.  They're very well connected with the industry and the key regulators."

What's new? The firm saw an influx of new partners this year including former director of the SEC's Chicago office Merri Jo Gillette, as well as the lateral hires of Charles Horn and John Dellaportas.

Work highlights Successfully defended Bruce Bent Sr. and his son Bruce Bent Jr., members of the senior management team of Reserve Management's Reserve Primary Fund, from fraud charges brought by the SEC.

Assisted Goldman Sachs with a compliance matter, seeking SEC endorsement of a new way to file disclosure documents in order for investment advisers to avoid sending clients disclosure documents that the advisers, such as Goldman, had been charged with handling.

Notable practitioners  

Linda Griggs is a key name in the securities regulation advisory sphere. Sources describe her as "the very expert in the intersection of securities law and accounting matters."

Ben Indek has a strong reputation in securities enforcement matters. Peers comment: "In the broker-dealer space he's one of the top people, and having been involved with FINRA programming, he knows all the necessary rules and regulations."

Key enforcement attorney Anne Flannery is praised by sources for her "very solid, good judgment." She is particularly experienced in the broker-dealer space and has extensive experience in defending against all relevant regulatory agencies.

Christian Mixter is recognized for his expertise in securities regulation enforcement matters. Sources describe him as "one of the smartest lawyers out there - he's the complete package."

Sources highlight David Boch's "technical ability" and "subject matter expertise" in the regulatory enforcement sphere. Boch represents securities firms and broker-dealers in enforcement proceedings before the SEC and FINRA.

Regulatory enforcement expert Timothy Burke is described by sources as "extraordinarily effective" and note his "enormous credibility with the regulators."

Jeffrey Smith is recognized for his representation of clients in the financial services sector in a broad range of securities litigation matters. Clients find him "very thoughtful, intelligent and experienced."

Significant clients UBS Securities, City of Miami, Guggenheim Partners, Barclays Capital, Credit Suisse.

Basic facts about the department
Key offices include New York, San Francisco and Washington, DC.

What the team is known for Noted for its strength in securities litigation matters. Respected representation of public companies, audit firms, officers and directors in securities class actions, derivative suits and M&A litigation. 

Strengths (Quotes mainly from clients)
They're excellent overall. When it comes to securities cases, in California in particular, I would highly recommend them to anybody."

What's new Advisory expert Martin Dunn has joined the team from O'Melveny & Myers.

Work highlights Defended Yahoo! and certain executives in a securities fraud class action related to its stake in Chinese e-commerce company Alibaba Group. The firm successfully obtained a motion to dismiss.

Acted for SoftBank in defense of seven lawsuits seeking to deter its acquisition of a controlling stake in Sprint Nextel. Eventually the lead plaintiffs voluntarily dismissed their claims and the transaction went ahead unhindered.

Notable practitioners  

Cochair of the corporate group David Lynn is well regarded as a "a very smart guy and a real leader" of Morrison & Foerster's regulatory practice. He is a go-to practitioner for compliance, having been the chief counsel of the division of corporate finance.

SEC alumnus Martin Dunn maintains his position as one of the most respected lawyers in securities compliance counseling. Clients call him "a terrific securities lawyer with deep experience."

Jordan Eth cochairs the securities litigation, enforcement and white-collar defense group. Eth has broad experience across the gamut of securities disputes, and is often engaged for high-stakes and complex matters. Clients report him to be "very efficient and very practical. He's also one of the four or five lead lawyers who's ever tried a securities class action and won."

Significant clients Capital One, Ernst & Young, First Bank, Oracle, SunPower.

Basic facts about the department
Key office is Los Angeles.

What the team is known for One of the preeminent securities litigation practices on the West Coast. Impressive record in handling litigation arising from the 2008 credit crisis on behalf of some of the nation's most recognizable financial institutions. Also adept at handling the full range of securities class actions and M&A litigation.

Strengths (Quotes mainly from clients)
Very strong, especially on the West Coast. They're smart people; their intellect level is high-end."

"Really good lawyers and particularly strong brief-writers. In a case that needs complicated, thoughtful briefs they're a go-to firm."

Work highlights Defended the founders of Google in a class action brought by the stockholders alleging that a proposed stock dividend would allow the founders to maintain voting control longer than expected to the disadvantage of the other stockholders. The case was settled favorably for the clients and the stock dividend went forward as proposed.

Represented the board of directors of Facebook in a shareholder class action and related derivative suit concerning its May 2013 IPO.

Notable practitioners  

Leading California-based litigator John Spiegel is highly reputed for his impressive securities practice. In two high-profile matters Spiegel has recently led the defense of securities class actions against the founder of Google and the board of directors of Facebook.

Significant clients Bank of America, Wells Fargo, Facebook board of directors, Citi, Corinthian Colleges.

Basic facts about the department
Key offices include Los Angeles and Washington, DC.

What the team is known for Maintains a good reputation in both securities litigation and regulatory advisory matters. Particular litigation strength in the firm's Los Angeles office, handling a full range of matters including an impressive tranche of financial crisis-related cases. Strong public company advisory group with expertise in reporting obligations and other matters.  

Work highlights Defended Bank of America in numerous liability claims in relation to its sale of RMBS. 

Acted for Fannie Mae, successfully settling a consolidated securities class action in Washington, DC.

Notable practitioners  

The Los Angeles-based Seth Aronson has a strong reputation in securities litigation. He is also noted for his expertise in handling the securities matters of Chinese companies listed in the USA.

Cochair of the public company advisory group Rob Plesnarski has a growing reputation for his experience in the compliance sphere. Clients particularly value his regulatory background and SEC expertise.

Firmwide chair of securities litigation Jeffrey Kilduff has a broad range of expertise, including class action and derivative defense. He is highlighted for his strong litigation capabilities.

Significant clients Bank of America, Fannie Mae, Power-One, Watson Pharmaceuticals.

Basic facts about the department
Key office is San Francisco.

What the team is known for A strong bench of litigators with impressive experience in class action defense and derivative suits. Caters to a broad range of finance industry clients including public companies, private equity firms, hedge funds and accounting firms.

Strengths (Quotes mainly from clients)
Their client service was very good. They were very engaged, strategic and worked to a high level of detail. It was very successful.

"They've got a good combination of knowledge of the law and ability to build a relationship with the client and to manage big complex pieces of litigation.

Work highlights Achieved a dismissal of security class action on behalf of Chesapeake as well as the dismissal of numerous derivative disputes brought about by shareholders.

Defended the former president and chief operating officer of Countrywide, David Sambol, in numerous lawsuits as part of the large-scale RMBS litigation.

Notable practitioners 

James Kramer is a key contact at the firm.

Significant clients Barclays Capital, NVIDIA, Nomura Credit & Capital, Credit Suisse, Morgan Stanley.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A truly enviable securities litigation practice combined with a very well-regarded regulatory enforcement team. Dazzlingly deep bench of individuals whose impressive talent is demonstrated by their activity in some of the most cutting-edge securities cases. Routinely represents financial institutions and corporate entities in the most serious litigations and regulatory proceedings.

Strengths (Quotes mainly from clients)
"On the litigation side they are a powerhouse, they are terrific in high-stakes matters."

"A go-to firm. We know we can get superb advice; they truly have the company's best interests in mind, and they understand us and our business. They know the company well, they know how we're organized, who needs to weigh in on issues."

"I value them as a wonderful firm with exceptional partners."

Work highlights Achieved a significant victory for Citi in an arbitration brought by ADIA seeking $4 billion in damages or the rescission of an investment of $7.5 billion ADIA claimed it was coerced into investing. 

Represented Citigroup Global Markets in connection with an industrywide SEC investigation into the structuring, marketing and sale of CDO securities.

Notable practitioners  

Firm chairman Brad Karp has an outstanding reputation as a securities litigator, and has handled some of the most cutting-edge cases of recent years. In the words of one market observer, "he is the best. First of all I don't know anyone who works as hard as he does. He makes you feel like you're his only client. And he has unbelievably good judgment." Karp has recently handled a number of matters for Citi, including the successful rebuttal of a number of claims by Sungate Securities concerning the bank's sponsorship of a private equity feeder fund in which the plaintiff had invested. 

Daniel Kramer receives strong praise for his securities litigation expertise from the market, with one interviewee noting that he has "just the right blend of experience, common sense and sound judgment." Kramer recently represented Aeterna Zentaris, a pharmaceutical company, and its senior officers in a putative class action concerning a stock drop following the publication of the disappointing results of a trial drug.

Charles Davidow is highlighted for his strength in defending financial institution clients in enforcement matters and investigations by the regulatory agencies. Sources say: "He's super intelligent with a laserlike focus on the things that matter."

Litigator Richard Rosen is highly regarded by peers, one of whom names him "one of the most brilliant securities law theoreticians." Recent matters include acting for Morgan Stanley Investment Management in a case alleging a breach of fiduciary duty under ERISA. 

Former deputy director of enforcement at the SEC, Walter Ricciardi is recognized for his regulatory expertise. Recent matters include defending Deutsche Bank in relation to the high-profile Libor investigations.

Significant clients Apollo Global Management, JPMorgan Chase, Bank of America, Merck, The Bank of New York Mellon.

Basic facts about the department
Key offices include Los Angeles, New York and Chicago.

What the team is known for Another major name in the securities field for plaintiff-side litigation. Strong reputation for taking on major financial institutions on behalf of institutional investors, with an excellent track record in handling cases arising from the 2008 financial crisis - most notably with respect to matters concerning the creation and sale of RMBS.

Strengths (Quotes mainly from clients)
"Their level of experience collectively is fantastic. The advice we receive is very well thought through. They're very personable, they can relate to us and understand our business."

Certainly a powerhouse. They do excellent work.

Work highlights Acted for the Federal Housing Finance Agency on behalf of Fannie Mae and Freddie Mac in a series of lawsuits against some of the world's most recognizable financial institutions. The suits were brought in order to recoup losses from its RMBS purchases of billions of dollars. At the time of writing, significant recoveries have been made through settlement, including an $885 million settlement with UBS.

Represented Assured Guaranty Municipal in a lawsuit against UBS Real Estate Securities concerning the issuance of insurance for RMBS underwritten and marketed by UBS. The action was settled very favorably for the client for $360 million with an 85% share of ongoing liabilities on top.

Notable practitioners  

Chair of securities and structured finance Philippe Selendy is described by clients as having "an ability to absorb information and to navigate through complex legal issues and lead a team extremely effectively."

Significant clients AIG, MassMutual, Allstate, Prudential Financial, MBIA Insurance.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Specializes in the sphere of regulatory enforcement defense with experience in representing both financial organizations and individual clients.

Strengths (Quotes mainly from clients)
They're very quick to be able to help the client deal with tough questions and navigate the onslaught of regulatory scrutiny.

“They're excellent, and very reliable – I have a high level of confidence in their work.”

Notable practitioners  

Lee Richards is described by peers as "a go-to guy for individuals" involved in regulatory investigations. They highlight his "deep experience in not only the civil but also the criminal end of things," saying he "sees things in a way only criminal litigators do."

Michael Mann is distinguished for his concentration on defending a variety of different organizations from regulatory enforcement actions, including audit committees and issuers. Sources describe him as "a very thoughtful, careful lawyer who is a great issue spotter and who takes good care of his clients."

Basic facts about the department
Key offices include San Diego and New York.

What the team is known for Highly respected plaintiff-side securities litigation practice that frequently appears in complex and high-profile cases on behalf of institutional investor clients. Particularly well regarded for its expertise in securities class actions.

Strengths (Quotes mainly from clients)
The thing that's different about them is they do the big merger cases equally well as 10b-5 class actions. They are a top plaintiffs' firm. These are serious, smart guys."

Notable practitioners  

The "tenacious" Darren Robbins is a leading figure in the California plaintiffs Bar with a growing national reputation. "He's not somebody who treats every case the same way. He actually thinks about the merit of the case," notes one commentator. 

Samuel Rudman is routinely engaged by shareholders to bring recovery class actions. Interviewees describe Rudman as "an exceedingly effective plaintiffs lawyer. He has good experience, he's realistic, pragmatic and he has perspective."

Basic facts about the department
Key offices include New York and Boston.

What the team is known for A proficient securities litigation team headquartered in Boston made up of a team of skilled litigators. Retains its reputation for strength in matters pertaining to the mutual fund and investment practice space.

Strengths (Quotes mainly from clients)
"The attorneys I work with there are real thought leaders. They provide me with legal analysis and have a practical approach to our business and when negotiating transactions.

Work highlights Successfully defended Goldman Sachs against allegations of negligence brought against it by the principal shareholders of Dragon Systems in connection with Dragon's merger with the subsequently bankrupt Lernout & Hauspie.

Successfully won a motion to dismiss a securities fraud class action complaint for Biomimetic Therapeutics, brought following an announcement that FDA process developments may affect the likelihood of approval being granted to its flagship product.  

Notable practitioners  

Boston-based John Donovan is recognized for his "absolutely superlative work" in a wide range of securities litigation matters. Areas of excellence include securities class actions and M&A litigation.

Securities litigator Randall Bodner is considered to be one of Massachusetts's strongest practitioners, and has a solid nationwide presence. He recently handled a significant securities fraud class action on behalf of Biomimetic.

Significant clients Proshare Advisors, Columbia Laboratories, Green Mountain Coffee Roasters, Genzyme, The Timberland Company.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A strong combination of both litigation and regulatory practices. Recognized expertise acting in litigation related to RMBS and CDOs. Also notable for its representation of major financial institutions in several high-profile enforcement matters.

Strengths (Quotes mainly from clients)
"These guys understand the deals. You don't have to get them familiar with the transactions – they get the nuts and bolts of practical issues.

I was very impressed with them. They were highly professional and very comforting at the initial stage when we needed it. They've always been terrific – I couldn't have made a better choice.

Work highlights Acted as national counsel to Countrywide Financial and several affiliates in the multitude of disputes and actions brought against the clients by plaintiffs who had invested in RMBS.

Represented four major financial institutions in relation to the industrywide government investigations into Libor manipulation.

Notable practitioners  

Securities litigator Adam Hakki is "a real force to be reckoned with," say sources, one of whom adds that "he has a good strategic mind, sound judgment and he's practical." Hakki has played a lead role in the firm's representations of Countrywide Financial in the ongoing litigation stemming from the financial crisis.

Stuart Baskin is held in high esteem for his extensive experience in high-stakes complex securities litigations. Baskin has had particular success recently representing major financial institutions as underwriters in class action litigation.

Significant clients Galleon Management, Merrill Lynch, Jefferies, Barclays Capital, Citibank.

Basic facts about the department
Key offices include New York and Washington, DC .

What the team is known for Particularly strong showing in securities regulation enforcement matters, with particular emphasis on the broker-dealer space, with an impressive group of attorneys routinely engaged to represent clients in defense of proceedings by the SEC, FINRA and other agencies. Also recognized for its performance in securities litigation, representing clients such as financial institutions, corporations, directors, officers and audit firms in the full range of matters.

Strengths (Quotes mainly from clients)
"Very impressive. Very creative in the arguments they made. They managed the case very well - they were very good negotiators and they had a good style. They really stuck to their guns."

"I've always been very happy with their services. For big-ticket, bet-the-company cases I typically will reach out to them."

"I find that their expertise is useful and commensurate to the task. The way they approach staffing and teamwork - the expertise they bring is logical to the task at hand."

"For regulatory inquiries, they're extremely responsive and do an excellent job."

Work highlights Represented a global investment bank in connection with investigations by a host of agencies including the SEC, CFTC and DOJ into the pricing and trading of financial instruments.

Represented the former CEO of Diamond Foods in a securities class action and related claims throughout the courts of California and the Chancery Court of Delaware.

Notable practitioners  

The highly experienced Herbert Janick has an outstanding enforcement defense practice, building on his years as a senior member of the enforcement division of the SEC. Sources describe him as "very bright, very thoughtful and very innovative" and attest that he is "particularly good at making creative arguments seem obvious."

Neal Sullivan is often engaged by broker-dealers and investment advisers in connection with regulatory enforcement matters before FINRA and the SEC. He is described by interviewees as "creative," "tireless" and possessing "an endlessly positive approach to thorny problems."

The firm's global coordinator of securities and derivatives enforcement and regulation, Barry Rashkover is known for defending clients including broker-dealers, accounting firms, public companies and individuals in relation to enforcement actions by the SEC, FINRA and the CFTC. Sources indicate that "he has a real expertise in SEC issues and is able to navigate those issues extraordinarily well."

Nader Salehi has a growing reputation in regulatory enforcement and is described by observers as "well regarded by clients and the SEC." He represents broker-dealers and hedge funds and builds on his previous experience at the SEC's division of enforcement.

"Top market structure lawyer" Michael Wolk is described by sources as "very effective in representing his clients." He is recognized for his expertise in enforcement matters before the SEC and FINRA.

Significant clients SMART Technologies, KPMG, Raymond James, JPMorgan Chase, Lime Energy.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for A top-tier practice for defending financial institutions and corporate multinationals in complex securities class actions. Demonstrates considerable expertise in the current multitude of RMBS-related cases, while also continuing to impress highly in M&A litigation.

Strengths (Quotes mainly from clients)
"A top-notch litigation firm. Highly professional, terrific lawyers, very easy to work with, and very responsive to our needs." 

"They were knowledgeable about the litigation, very prompt in their responses and able to communicate, in commercial terms, what the risks and defenses were."  

Work highlights Defended Twitter in a lawsuit threatened by two investment entities, alleging that the client had misled them into believing they could engage in the private purchase of hundreds of millions of dollars worth of Twitter shares prior to the IPO.

Acted for a substantial array of investment institutions in the spate of RMBS-related litigations across the USA. Of particular note is the firm's defense of Deutsche Bank and RBS from claims filed by the Federal Housing Finance Agency.

Notable practitioners  

Bruce Angiolillo is regarded by peers as "vastly experienced, very methodical and a very steady hand." He is experienced in the full range of securities litigation matters, including both class actions and derivative actions, and has been involved in many of the firm's most sophisticated cases.

Paul Curnin cochairs the firm's litigation department. Recent matters include representing the board of directors of AIG in litigation brought by its former CEO. Sources call him a "great lawyer" and note that he's "very smooth, very sophisticated and has excellent judgment."

Jonathan Youngwood handles securities litigation matters as part of a broader complex commercial litigation practice. Clients report: "He writes extraordinarily well and advocates very well. He's creative and delivers great results."

Peter Bresnan is a respected practitioner in the field of securities regulation enforcement. Interviewees describe him as "a very sharp, active player in the Bar."

Significant clients Countrywide Home Loans, Bank of America, Goldman Sachs, JPMorgan Chase, UBS Securities.

Basic facts about the department
Key offices include New York, Los Angeles and Washington, DC.

What the team is known for Offers a formidable package with a particularly strong litigation practice and a high-quality regulatory practice. Notable for the strength, determination and capability of its litigators who are often engaged for bet-the-company pieces of litigation, representing both major financial institutions and international public companies.

Strengths (Quotes mainly from clients)
We use them specifically for big, high-risk securities cases. They have the horsepower to deal with really dangerous litigation. They have the bandwidth and intellectual depth to deal with these cases.

In addition to having tremendous expertise they know how to deal with the regulators. They have excellent relationships with them and know how to develop strategies to navigate through a regulatory investigation. They're very client-focused, they've got a great understanding of the business and their recommendations are always business-focused. Good problem solvers.

They're always professional. They take a smart approach and know how to not open up clients for claims of fiduciary duty. They're smart and litigate when they need to.

Work highlights Successfully achieved a dismissal of lawsuits brought against UniCredit by foreign investors worth several billion dollars.

Represented Ebix in connection with an investigation into accounting issues by the SEC and US Attorney.

Achieved the dismissal of the majority of claims brought against Anadarko by shareholders alleging the defendant had misled them regarding the company's investment and exposure related to BP's Deepwater Horizon oil spill.

Notable practitioners  

Leader of the securities litigation practice Jay Kasner enjoys an outstanding reputation among clients and peers. One peer calls him "a spectacular lawyer. He has extraordinary x-ray vision and foresight." Another says: "He's practical, results-oriented, a good communicator and passionate about his clients."

Key litigator Scott Musoff shows capability in handling a wide variety of complex securities disputes. Sources note that "he has a deep knowledge of securities law and his commitment to his clients is truly exceptional."

Colleen Mahoney is known for her "reassuring and calm demeanor." She maintains her terrific reputation as a leading practitioner in the regulatory enforcement space. Peers say she is "knowledgeable, skilled and has a great manner with clients.

Former chief of M&A and deputy director of the SEC Brian Breheny is highlighted for his experience with regulators, an asset which leads peers to mention that they would refer work to him or engage him for assistance.

A leading light of securities litigation in Massachusetts, Thomas Dougherty leads the litigation team in Boston. Clients say: "He is tough, relentless and creative - an excellent lawyer and a superb litigator."

Sources report that Erich Schwartz "has a sharp mind and good communication skills. He finds solutions quickly and precisely - his analytical skills are excellent." His strong regulatory enforcement practice is informed by his background as assistant director of the SEC's enforcement division.

David Zornow is recognized for his ability in the regulatory enforcement space. Peers recommend him as a "very smart man who also has a very deft personal touch about him. He makes clients feel at ease and can defuse intense situations."

Senior statesman Jonathan Lerner's securities litigation practice intersects well with his strengths in general corporate and commercial litigation. Sources regard him with tremendous respect, stating that he is "very hard-working and very smart."

Significant clients JPMorgan Chase, BlackRock, Invesco Van Kampen Funds, Chevron, UniCredit.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for An elite securities litigation offering that serves an enviable client roster, including many systemically important financial institutions and multinationals. Maintains its prestigious reputation as an internationally renowned firm with capability across a broad range of complex securities disputes.

Strengths (Quotes mainly from clients)
They're people who, when push comes to shove, you see actually trying a case. I have great respect for them. They're professionals.

I'm a big fan of theirs. They've delivered good results, they're on the ball, responsive and willing to give advice. They're a pleasure to deal with. They're good at adapting and getting things done.

Work highlights Achieved a full summary judgment dismissal of class actions brought by shareholders against Moody's, concerning allegations that its ratings misrepresented the truth.

Represented Barclays in the highly publicized LIBOR investigations, defending against over 20 related lawsuits in the Southern District of New York.

Notable practitioners  

Robert Giuffra receives extensive praise for his efforts in securities litigation, earning a reputation as "absolutely first-rate." His clients highlight his unique selling points, reporting he "does both litigation and regulation work equally well. This gives him a unique perspective. He's a great civil litigator."

Robert Sacks heads the firm's Los Angeles office and is regarded as a go-to expert for securities litigation in California. Sources state: "I think he is practical and does a good job and understands the issues. He is very straightforward." He was recently part of a team acting as national coordinating counsel to JPMorgan Chase dealing with over 70 RMBS-related cases.

A recognized authority in securities dispute resolution, Gandolfo DiBlasi receives praise not just for his tremendous efforts and deep experience in the field but also for his approachable nature, which has led him to advise some of the most significant financial institutions on contentious issues. Peers call him "an absolute pleasure to collaborate with."

Sharon Nelles makes her debut in the rankings this year, receiving praise for her efficiency, knowledge and conscientious effort. Clients agree, saying she has "special talents in terms of negotiating skills in dealing with difficult adversaries, adverse developments and strong adversarial counsel." They also describe her as a "driven individual, a perfect litigator because she wants to win and has produced good results on our behalf." Nelles has played a lead role in coordinating the nationwide RMBS defense of JPMorgan Chase.

Significant clients JPMorgan Chase, Goldman Sachs, Porsche, UBS, Bank of America.

Basic facts about the department 
Key office is New York.

What the team is known for An illustrious litigation practice with a sterling reputation for defense representation in the securities field, handling a full range of M&A litigation and other matters for corporate clients and financial institutions.

Strengths (Quotes mainly from clients)
Smart, thoughtful, gracious, These guys are brilliant lawyers. They're confident litigators and have a great team around them, and they consistently get good wins for their clients.

I have enormous respect for the Wachtell guys. They're very smart, very hard-working, practical, knowledgeable."

Work highlights Acted for a special committee of the board of Activision Blizzard, a video game software company, successfully appealing stockholder suits aiming to halt the repurchase of majority stock from Vivendi.

Acted for Bank of America in a variety of cases related to MBS, including the $8.5 billion mortgage repurchase settlement of Countrywide trusts.

Notable practitioners  

Theodore Mirvis is very well respected in the field of securities litigation and often leads the firm's most significant cases, notably with respect to much of the recent RMBS litigation. Sources attest that he is "very highly respected and an excellent lawyer."

Paul Vizcarrondo is experienced in an array of complex securities litigation matters. Sources describe him as "a brilliant lawyer and a confident litigator with a great team."

Up-and-comer William Savitt is cochair of the firm's litigation department. Savitt has an impressively extensive practice covering the full range of securities and M&A litigation, including defense from breach of fiduciary duty allegations and proxy contests. He elicits strong praise from clients, who report that he "picks things up so rapidly - he's just such a good overall lawyer."

Significant clients NYSE, JPMorgan Chase, Monsanto, Avon Products, Hewlett-Packard, CVB Financial.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for  Continues to impress in the securities litigation space, with practitioners continuing to handle sophisticated matters arising from the financial crisis, in addition to the full range of M&A and securities fraud litigation. Also recognized for its presence in the regulatory sphere, most notably with respect to the provision of compliance counseling and advice.

Strengths (Quotes mainly from clients)
“They've done this for 30 years - they've seen this movie and they know how it ends. They understand the space and fight hard. They've got good judgment, experience and backbone. No one should underestimate them. They've created a really good partnership.

"The partners are really able to think about how the firm can best serve the client. They've been able to effectively expand their relationship with the client by approaching the relationship as a team."

Work highlights Successfully defended a special committee of the board of directors of McMoRan Exploration in a shareholder class action, argued in the Delaware Chancery Court. The class action was in relation to the client's acquisition by Freeport-McMoRan Copper & Gold for $3.4 billion. Due to the successful defense by Weil, the transaction closed unhindered.

Advised L’Oréal in connection with securities regulatory aspects of its acquisition of Urban Decay cosmetics from Castanea Partners.

Achieved an impressive victory for Apple in a multiforum shareholder class action stemming from its $358 million acquisition of AuthenTec. The successful defense in the Delaware and Florida courts allowed the transaction to close uninterrupted.

Notable practitioners  

Joseph Allerhand co-leads the securities litigation group, and is highly praised by peers, who concede: "When it comes to defending big-ticket securities litigation, he is one of the deans of that Bar." Allerhand continues to play a lead role in the firm's representation of AIG in all litigation stemming from its subprime losses during the financial crisis.

Regulatory adviser Ellen Odoner is considered to be "very experienced and very smart," and described as someone who "gives very good advice but has a really nice way of working through the politics of board-related matters." She is highly respected when it comes to advising on obligatory compliance and internal control matters.

Jonathan Polkes is "extremely user-friendly and a phenomenal litigator," say sources. Polkes has anchored the firm's continuing work for Lehman Brothers Holdings in litigation arising from the bank's 2008 bankruptcy.

Significant clients Gentiva Health Services, GE Capital, Archstone, DIRECTV, Lehman Brothers Holdings.

Basic facts about the department
Key office is Washington, DC.

What the team is known for Respected defense shop that continues to impress market observers, handling securities disputes across a broad spectrum of industry sectors. Eye-catching portfolio of work relating to litigation stemming from MBS and the financial crisis, and impressive strength in insider trading cases, class actions and derivative suits.

Strengths (Quotes mainly from clients)
"They're extraordinarily talented people and work harder than anyone else I know. They handle every case as if it's the most important in the world.

They're very selective in their hiring and who they'd make partner. They're incredible from top to bottom.

Work highlights Represented Bank of America, Merrill Lynch and affiliates in numerous lawsuits brought by the Federal Housing Finance Agency on behalf of Fannie Mae and Freddie Mac related to the large Countrywide RMBS litigation.

Defended Pfizer in two securities class actions alleging that statements it had made about the clinical trial results of an Alzheimer drug were misleading.

Notable practitioners 

Kevin Downey is noted for his experience in both criminal and civil complex litigation. Sources call him "a very good, solid lawyer and counselor" who is "understated, low-key and does a very good job for high-level executives."

John Villa is lauded by clients as a litigator who "consistently delivered the highest-quality work product in both written and oral advocacy." He recently defended Pfizer in class actions alleging the publication of misleading clinical trial results.

Significant clients FBR Capital Markets, Intel, The Carlyle Group, Deutsche Bank, UBS.

Basic facts about the department
Key offices include New York and Washington, DC.

What the team is known for Well-regarded bench of individuals skilled in both litigation and regulation. Regulatory expertise in a range of matters including FCPA violations, broker-dealer matters and insider trading. Strong litigation offering, with particular efficacy in matters stemming from financial reporting issues.

Strengths (Quotes mainly from clients)
Their performance was terrific. They are very thoughtful, very practical and they offered fantastic, innovative advice. We had complete confidence in their ability to handle the matter very effectively.

They've got a good combination of really expert legal analysis and really good tactics and strategy.”

Work highlights Represented SAC Capital Advisors in connection with investigations into insider trading by the SEC and DOJ.

Acted as co-counsel to Facebook in more than 50 securities actions related to its IPO. There are billions of dollars of damages at stake.

Notable practitioners  

Michael Young is a securities litigator who is highly recommended by interviewees, one of whom states that Young is "excellent to work with - practical, concise and one of the best legal brief-writers I know." He is particularly noted for his experience of representing audit firms in securities litigations.

Elizabeth Gray is an enforcement specialist who is noted for her representation of a broad range of clients including investment advisers and accounting firms. Clients call her "responsive, creative and pleasant. She will cut to the heart of difficult issues."

Significant clients KPMG, Third Point, SAC Capital, AIG, Kingdon Capital Management.

Basic facts about the department
Key offices include New York, Los Angeles and Washington, DC.

What the team is known for A formidable securities offering with a preeminent team in the regulatory sphere complemented by a solid litigation group. Representation of clients in a full range of enforcement proceedings and investigations by the SEC, FINRA and other regulatory bodies. Noted strength in securities litigation matters including securities fraud class actions and corporate misconduct charges.

Strengths (Quotes mainly from clients)
On complex regulatory matters their advice is excellent. Their lawyers are excellent - they quickly get up to speed on our issues. They're one of our most trusted advisers.

"They've been terrific. Very responsive, very thorough. They owned the whole litigation and have become someone I can rely on."

They have a terrific team at Wilmer. Their depth is incredible, they have invested years and years in this area.

Work highlights Acted for Fannie Mae in regard to an SEC investigation that resulted from the global financial crisis. This matter was settled favorably, resulting in a nonprosecution agreement, with no fraud charges or financial penalty to the client.

Represented the liquidating trustee of Getty Petroleum in the pursuit of damages from its former parent company and its corporate affiliates. The matter was resolved favorably for the client with a $93 million settlement.

Notable practitioners  

The "preeminent" William McLucas enjoys a stellar reputation for securities enforcement matters. One interviewee notes that he is "extremely fair-minded, thorough and extraordinarily effective."

Top-ranking regulatory enforcement specialist Harry Weiss is a former associate director of the division of enforcement at the SEC. Market observers name him "one of the top attorneys in this space in the country."

Top Boston-based litigator Jeffrey Rudman shows great expertise in shareholder class action defense. He earns respect among his plaintiff adversaries, who comment: "Rudman is at the top of his game. He's someone actually fighting in the courtroom. He's very thorough, controlled and effective."

Vice chair of the securities department Douglas Davison receives strong feedback for his regulatory enforcement practice. One source notes that he "digs into the details. He specializes in complicated financial accounting and disclosure cases. He brings a clear intellectual and legal analysis to these issues."

Former SEC director of corporate finance Meredith Cross is recognized as a key counselor in the regulatory sphere. Peers say: "She's got a wealth of experience, both as a practitioner and regulator. Her time in corporate finance has given her good perspective. She knows how a regulator would react to certain things."

Significant clients Bank of America, LPL Financial, National Life Insurance, State Street Bank & Trust, Sun Life Assurance Company of Canada.

Other Ranked Lawyers 其他上榜律师

Barbara Stettner of Allen & Overy LLP is noted for her work advising financial institution clients on compliance issues. Interviewees describe her as "extremely responsive" and "well versed and knowledgeable in the space."

Stanley Bernstein of Bernstein Liebhard LLP is recognized for his plaintiff representation in securities litigations. One client reports that Bernstein was "very good to deal with. He kept us informed and let us know in advance of potential problems. He did an excellent job and was a pleasure to work with."

Gregory Bruch of new boutique firm Bruch Hanna LLP is incredibly well respected within the securities enforcement sphere. Clients note his "very incisive brain," and add that "everything he does is well thought out - he's calm, collected and rational."

Sandra Hanna of DC boutique Bruch Hanna LLP is tipped to be one of the next generation of leading securities enforcement attorneys. One client reports: "She is incredibly thorough. There was an exceptional quality to the documents she wrote out. She knew every detail, every fact, and was able to deliver."

Cochair of litigation at Cadwalader, Wickersham & Taft LLP, Gregory Markel is highly experienced in the securities space. Sources describe him as "a strong, skilled lawyer."

Regulatory enforcement expert Samuel Winer of Foley & Lardner LLP is labeled by observers as "an excellent lawyer and a very decent guy. He puts everything into his representation - he's meticulous."

Houston-based Kathy Patrick of Gibbs & Bruns LLP is a well-regarded securities litigator. She recently achieved a formidable $8.5 billion settlement with Bank of America on behalf of 22 institutional investor clients.

New York litigator William Maguire of Hughes Hubbard & Reed LLP is highlighted by peers for his expertise in acting for financial institutions in Securities Act of 1933 cases. Sources report him to be "very solid, very thoughtful, analytical and a good writer."

David Siegel is a hugely respected litigator at Irell & Manella. Commentators report: "He has a tremendous track record with SEC investigations. He is thoughtful and strategic and doesn't just go through the motions."

Peter Romatowski of Jones Day in Washington, DC is highlighted for his expertise in regulatory enforcement cases. Peers highlight him as "a very experienced and capable lawyer."

Dixie Johnson of King & Spalding LLP is regarded as a go-to lawyer for regulatory enforcement concerns in Washington, DC. Johnson is described by clients as "very hands-on." They continue: "She understands the regulatory process and is deeply entrenched in it. She does a very good job for us."

Carmen Lawrence recently joined King & Spalding LLP from Fried, Frank, Harris, Shriver & Jacobson LLP. The former SEC regional director for the Northeast, Lawrence is highlighted for her expertise in defense of actions by regulatory bodies. Market observers describe her as "very smart, very direct, very no-nonsense - a nuts-and-bolts lawyer who knows her way in and around the SEC."

Former associate director of the SEC Division of Enforcement, Frederic Firestone of McDermott Will & Emery LLP is a "subject matter expert" in enforcement matters, say sources. They add that he is "uniquely positioned to represent clients with his knowledge of how the other side thinks."

Richard Morvillo of MORVILLO LLP is a solid specialist when it comes to defending against the regulatory agencies in investigation and enforcement matters. Sources comment: "He is a master strategist and understands what needs to be done early on. He's very effective."

Richard Weinberg of Morvillo Abramowitz Grand Iason & Anello P.C. is particularly adept at guiding corporations and individuals through regulatory investigations. In the words of one client: "He's got a fantastic demeanor, a fantastic work ethic, and he understands the clients and the space he's operating in. He's got the intellectual heft and the right touch at dealing with people."

The extensively experienced Ralph Ferrara of Proskauer Rose LLP is highlighted for his handling of a broad range of matters including securities fraud class actions. According to clients he is an "excellent strategist and analyst" who is "sensitive to and knowledgeable about the issues that confront global companies. Simply first-class.

California-based securities litigator Boris Feldman of Wilson Sonsini Goodrich & Rosati is very highly regarded by his clientele, who call him "very wise, very able to take leadership on a case, and he is clearly in command."

Foreign Experts

Foreign Experts are individuals with expertise in a different jurisdiction to the one they are based in. These individuals are particularly highly regarded for international and cross-border work. Usually, they will be identified in the jurisdiction in which they are based and in their country of expertise.

Senior Statesman

A 'Senior Statesman' is a lawyer who no longer works hands-on with the same intensity but who, by virtue of close links with major clients, remains pivotal to the firm’s success.

Eminent Practitioners

'Eminent Practitioners' are highly influential lawyers in a particular practice area who, due to managerial or client relationship commitments, are less active in day-to-day work but remain key players in the team.

Other Noted Practitioners

Other Noted Practitioners are individuals who have not yet been ranked but are seen to be active and accomplished in this area of law.

Other Noted Firms

Other Noted Firms are firms that have not yet been ranked but are seen to be active and accomplished in this area of law.