Katie is involved in several the firm’s practice areas, including securities fraud, corporate governance, and advisory services. Most recently, Katie led the teams that recovered $74 million in the securities class action against SunEdison and $50 million in the securities class action against FleetCor Technologies.
Katie played a key role in two of the firm’s largest cases, both of which settled near trial for billions of dollars on behalf of investors. In In re Merck Securities Litigation, she was a leader of the small trial team that achieved a $1.062 billion settlement. This settlement is the second largest recovery ever obtained in the Third Circuit, one of the top 10 recoveries of all time, and the largest recovery ever achieved against a pharmaceutical company. She was also a member of the trial team prosecuting In re Bank of America Securities Litigation, which resulted in a recovery of $2.425 billion, the single largest securities class action recovery ever resolving violations of Sections 14(a) and 10(b) of the Securities Exchange Act and one of the largest shareholder recoveries in history. Katie was also a leader of the team that led the securities litigation concerning Wilmington Trust, which resulted in a $210 million recovery for the class.
Katie has also been part of the trial teams in numerous other securities litigations that have successfully recovered hundreds of millions of dollars on behalf of injured investors. She led the team that recovered $74 million in the take-private merger litigation San Antonio Fire and Police Pension Fund et al. v. Dole Food Co. et al., and served as a senior member of the teams that recovered $210 million in In re Salix Pharmaceuticals, Ltd. Securities Litigation, and $216.75 million in In re Washington Mutual Securities Litigation. Some of her other prominent prosecutions include In re Bristol-Myers Squibb Co. Securities Litigation, which resulted in a recovery of $125 million; and In re Biovail Corporation Securities Litigation, which resulted in a recovery of $138 million and represents the second largest recovery in any securities case involving a Canadian issuer.
Katie’s success has earned her many recognitions, including being named a “Litigation Trailblazer” by The National Law Journal. She has been recognized as a national “Rising Star” and "Titan of the Plaintiffs Bar" by Law360 for her work in securities litigation and, for each year from 2016-2020, was named to Benchmark Litigation’s “Under 40 Hot List,” which recognizes her as one the nation’s most accomplished legal partners under the age of 40. She was recently named a 2020 "Rising Star" by the New York Law Journal.
Linton Mann III is a Partner in Simpson Thacher’s Litigation Practice. Linton represents clients in a broad range of high-stakes litigation and investigation matters including securities, shareholder derivative disputes, class actions, antitrust and complex commercial disputes. Linton is Co-Chair of Simpson Thacher’s Knowledge, Innovation and Technology Committee. Linton was recently named a “Next Generation Partner” by The Legal 500, where sources say he “stands out from his peers for his securities work.” Recognized among Crain’s “40 Under 40,” Linton has also been named a Rising Star by the New York Law Journal, Law360, and Euromoney, and is a repeat honoree on Benchmark Litigation’s “40 & Under Hot List.”
Linton is the Chair of the Board of Trustees for Uncommon Charter Schools New York City, which oversees twenty-four public charter schools in Brooklyn, New York. He is also Chair of the Board of Directors of Manhattan Legal Services, a program of Legal Services NYC, the largest provider of pro bono civil legal services in the country.
Linton also has significant pro bono experience including representing low-income tenants in New York City’s Housing Court and New York’s trial and appellate courts. He also participates in and coordinates Simpson Thacher’s Legal Outreach Internship and matters relating to racial and social justice. Legal Outreach is an organization that prepares urban youth from underserved communities to compete at high levels by using intensive legal and educational programs as tools for fostering vision, developing skills, enhancing confidence and facilitating the pursuit of higher education.
Linton joined Simpson Thacher following his graduation in 2007 from Duke University School of Law, where he served as the Co-Chair of the Moot Court Board. He was selected as the recipient of Duke Law’s 2017 Young Alumni Award, honoring an individual who has graduated within the past 15 years and has made significant leadership and service contributions to Duke Law School and the legal profession. He received B.A. degrees in political science and speech communications from the University of Georgia in 2004.
James R. Swanson represents state and local governments, corporations and individuals in commercial disputes, with a primary focus on securities litigation. His securities matters have spanned a range of subject areas, including municipal finance, derivatives, CDOs, and Ponzi schemes.
Jonathan R. Tuttle is a partner in Debevoise & Plimpton LLP’s Washington, D.C. office and a member of the firm’s Litigation Department. He regularly represents public companies, regulated financial institutions, boards of directors, audit and special committees of boards, and individual directors, officers and employees in enforcement investigations and proceedings brought by the Securities and Exchange Commission, the Department of Justice, FINRA, and the PCAOB as well as in securities class actions, shareholder derivative suits, internal corporate investigations, and a variety of other securities and finance related litigation and regulatory compliance matters. He received his J.D. cum laude from Harvard Law School in 1992. Mr. Tuttle is admitted to practice in Washington, D.C., Virginia and the United States District Courts for the District of Columbia and the Eastern District of Virginia.
Katie represents banks, private investment funds, corporations and their senior executives in investigations and enforcement proceedings arising under the federal securities and commodities laws.
An experienced trial lawyer, Katie’s practice builds on nearly 12 years of experience as a federal prosecutor where she served in several significant leadership roles. After joining the U.S. Attorney’s Office for the Southern District of New York in 2004, she prosecuted a wide range of securities fraud cases, among others, and was promoted to Chief of the Securities and Commodities Fraud Task Force in 2015 after serving as Deputy Chief for one year, and before that Co-Chief of the General Crimes Unit for two years.
During her nearly three years as Chief, Katie supervised a team of approximately 20 senior prosecutors in connection with some of the most complex and high-profile white collar and securities matters in the country. She led all aspects of the unit’s work from investigation through prosecution, spanning a broad range of matters, including:
Notable prosecutions brought under her leadership include a professional gambler charged with trading on inside information obtained from a board member of a publicly traded company; insider trading charges against individuals for hacking major New York law firms; corporate executives charged with honest services fraud; a hedge fund portfolio manager charged with trading on government secrets obtained from a political consultant; a hedge fund portfolio manager charged with the mismarking of illiquid fund assets; accounting fraud charges of an executive who manipulated a significant non-GAAP metric; and senior executives charged with a multi-year accounting fraud scheme at a publicly traded digital media company, as well as the market manipulation of the company’s stock. She also supervised the unit’s trials and appeals.
As an Assistant U.S. Attorney, Katie was an accomplished trial lawyer and argued numerous appeals in the Second Circuit. Among the high-profile cases she tried were U.S. v. Mandell, et al. (a $100 million market manipulation and investor fraud, which resulted in a 12-year sentence) and U.S. v. Ebbers (public company accounting fraud by the CEO of WorldCom, which resulted in a 25-year sentence). As Chief of the General Crimes Unit, she supervised the office’s new Assistant U.S. Attorneys, numerous investigations and dozens of trials.
Katie is a member of the Bharara Task Force on Insider Trading, a working group composed of eight leading experts on insider trading commissioned to develop proposals to update and improve the clarity of federal insider trading laws. Led by former U.S. Attorney Preet Bharara, the group issued its report and recommendations earlier this year. (Click here to learn more.)
Katie is ranked by Chambers USA, where she is noted for her “strong reputation” and her “broad criminal defense practice” and where clients have described her as a “really excellent lawyer — very levelheaded, so smart and really able to get into the details.”
Katie received her B.A. magna cum laude in political science from Duke University, and her J.D. cum laude from Harvard Law School where she was co-chair of the Harvard Law Review’s Supreme Court Issue. From 2000 to 2001, she served as a law clerk to the Honorable Karen Nelson Moore in the United States Court of Appeals for the 6th Circuit.
*Matters handled prior to joining Akin Gump.
Public Service and Affiliations
Lyle Roberts is a partner in the firm’s Litigation practice. Lyle represents companies, officers, and directors in securities cases and Securities and Exchange Commission (SEC) enforcement matters throughout the United States. He also conducts corporate internal investigations and counsels clients with respect to securities regulatory issues. Lyle represented Mark Cuban in obtaining a complete victory against the SEC in Cuban’s closely watched insider trading case. Lyle also has represented a number of prominent companies in the defense of securities class actions, including Northrop Grumman, Fidelity National Financial, CenturyLink, and Lumber Liquidators.
Lyle is recognized as a Band 1 securities litigator by Chambers USA and a “Local Litigation Star” by Benchmark Litigation. He is widely-published on securities law issues, including in the Wall Street Journal, Forbes, National Law Journal, and Law360. Lyle also is the author of the well-known blog, The 10b-5 Daily, which tracks key developments in securities litigation and is the co-chairman of the annual Practicing Law Institute securities litigation program. Lyle frequently submits amicus briefs in prominent securities litigation cases on behalf of clients, including recent briefs in the U.S. Supreme Court on behalf of the Washington Legal Foundation in the Goldman Sachs, Emulex, Halliburton, and ANZ Securities cases and SIFMA and the Chamber of Commerce of the United States of America in the Matrixx case.
Maureen M. Chakraborty
Ph.D., economics, University of Notre Dame; B.A., economics, Colby College
Summary of Experience
Dr. Chakraborty is an economist with an extensive background in finance, accounting, and valuation. She has been retained as both an expert witness and a consultant in a number of matters involving structured finance transactions, securities litigation, and solvency. She recently managed all aspects of financial and economic analysis supporting experts on the solvency and portfolio strategy of a failed hedge fund. Dr. Chakraborty has also applied her expertise to a number of issues related to structured finance, accounting fraud, and solvency in various Enron-related litigations. She has consulted on matters involving the reinstatement of debt, the evaluation of the likelihood of default, merger and acquisitions, and claims of successor liability brought by creditors of a failed entity. Her work has involved the valuation of fixed income assets, structured finance products, and companies in the financial services, telecommunication, energy, transportation, and pharmaceutical industries. She has performed consulting work in matters before the Department of Justice, and has testified both in state court and before FINRA arbitration panels in matters involving damages and corporate raiding.
Nicholas I. Porritt is a partner in the Washington D.C. office of Levi & Korsinsky LLP. He prosecutes securities class actions, shareholder class actions, derivative actions, and mergers and acquisitions litigation. He has extensive experience representing plaintiffs and defendants in a wide variety of complex commercial litigation, including civil fraud, breach of contract, and professional malpractice, as well as defending SEC investigations and enforcement actions. Mr. Porritt has helped recover hundreds of millions of dollars on behalf of shareholders. He was one of the lead counsel in In re Google Inc. Class C Shareholder Litigation that resulted in a payment of $522 million to shareholders and overall benefit of over $3 billion to Google’s minority shareholders. Recently he was one of the lead counsel in Chen v. Howard-Anderson, et al. that settled during trial resulting in a $35 million payment to the former shareholders of Occam Networks, Inc., one of the largest quasi-appraisal recoveries for shareholders. Some of Mr. Porritt’s other recent cases include:
Mr. Porritt is also qualified as a Solicitor of the Senior Courts of England & Wales and advises international clients in the United States and Europe on the recovery of losses suffered to their investment portfolios attributable to financial fraud or other misconduct, including participation in shareholder class actions and other representative litigation in the Unites States, England, and in other jurisdictions.
Before joining Levi & Korsinsky, Mr. Porritt practiced as a partner at two large international corporate law firms. He is a graduate from The University of Chicago Law School.
Sherrie R. Savett, Chairwoman Emeritus, Chair of the Securities & Investor Protection, Commercial Litigation, Technology, Privacy & Data Breach, and Whistleblower, Qui Tam & False Claims Act departments, and member of the Firm’s Management Committee, has practiced in the areas of securities litigation and class actions since 1975.
Ms. Savett serves or has served as lead or co-lead counsel or as a member of the executive committee in many important securities and consumer class actions in federal and state courts across the country, including In re Rite Aid Corp. Securities Litigation ($334 million settlement); In re Waste Management, Inc. Securities Litigation ($220 million settlement); In re Fleming Companies, Inc. Securities Litigation ($94 million settlement); In re CIGNA Corp. Securities Litigation ($93 million settlement); and In re Alcatel Alsthom Securities Litigation ($75 million settlement); among others.
Ms. Savett has also helped establish several significant precedents. Among them is the holding (the first ever in a federal appellate court) that municipalities are subject to the anti-fraud provisions of SEC Rule 10b-5 under § 10(b) of the Securities Exchange Act of 1934, and that municipalities that issue bonds are not acting as an arm of the state and therefore are not entitled to immunity from suit in the federal courts under the Eleventh Amendment. Sonnenfeld v. City and County of Denver, 100 F.3d 744, Court of Appeals, 10th Circuit 1996.
In the U.S. Bioscience securities class action, a biotechnology case where critical discovery was needed from the federal Food and Drug Administration, the court ruled that the FDA may not automatically assert its administrative privilege to block a subpoena and may be subject to discovery depending on the facts of the case. In re U.S. Bioscience Secur. Litig., 150 F.R.D. 80 (E.D. Pa. 1993).
Ms. Savett speaks and writes frequently on securities litigation, consumer class actions and False Claims Act litigation. She has lectured at the University of Pennsylvania Law School, the Wharton School of the University of Pennsylvania and at the Stanford Law School. She is frequently invited to present and serve as a panelist in American Bar Association and American Law Institute conferences on securities class action litigation and the use of class actions in consumer litigation.
Ms. Savett is widely recognized as a leading litigator and a top female leader in the profession by local and national legal rating organizations.
Adam Hakki is the Firm's Global Managing Partner. He is also Global Litigation Practice Group Leader and Global Head of Disputes, maintaining a full time litigation and government investigation practice, with particular focus on securities, antitrust, and corporate governance matters, both civil and criminal. Widely recognized as one of the country’s preeminent litigators, Adam regularly appears in the courtroom, boardroom and before the Department of Justice, Securities and Exchange Commission, CFTC, FINRA, and other regulators. With decades of experience, Adam is seasoned in crisis management and a first-choice counsel to the financial industry for major cases and investigations. Adam also frequently represents companies, directors and senior executives in other industries, especially healthcare and biotech, technology and media. In four of the last five years, Benchmark Litigation named Adam the sole “Securities Lawyer of the Year” for the entire United States. Additionally, in each of the last two years, Law360 has recognized Adam as a Banking “MVP” in recognition of his high-profile courtroom victories for clients in the financial sector in securities, antitrust and commercial cases.
Allyson B. Rothberg is an Executive Director & Assistant General Counsel at JPMorgan Chase, where she manages a team that handles litigation matters for the Corporate & Investment Bank. As part of her responsibilities, she develops and directs case strategy and resolution, supervises outside counsel on all facets of federal and state court proceedings, and counsels and coordinates with internal business clients. She also does substantial legal advisory work for her business clients, including on pre-litigation disputes and operational risks.
Prior to joining JPMorgan in 2014, Allyson was an attorney in the Litigation group at Simpson Thacher & Bartlett LLP, where she acted as outside counsel to clients in both litigation and government investigation matters.
Allyson graduated in 2001 from Williams College with a B.A. in Psychology and Spanish, and is a 2004 graduate of Harvard Law School.
As co-head of Davis Polk’s Civil Litigation Group, Dana has extensive experience representing clients in a wide range of complex commercial litigation, securities class actions, and intellectual property and bankruptcy litigation. In the summer of 2020, Dana secured the dismissal of a federal securities class action on behalf of Livent Corporation arising out of its IPO. She is currently representing the underwriters of two major utility companies in two securities litigations concerning the devastating California wildfires. Recently, she represented the underwriters of the initial public offering of Velocity Financial in federal securities litigation and helped secure a dismissal with prejudice of all claims.
Dana has significant trial experience, having acted as trial counsel for numerous clients in various litigations and arbitrations throughout the United States. In early December 2020, Dana served as lead trial counsel for IHS Markit and affiliated entities in a four-day bench trial in Delaware Chancery Court in a breach of contract case arising out of IHS Markit’s acquisition of Ipreo in 2018.
In recent years, Dana has represented Aetna Inc. and its board of directors in several securities and shareholder matters, and either obtained dismissal of those matters or successfully resolved them. Comcast and NBCUniversal routinely turn to Dana to represent them in a wide variety of commercial litigations, as well as to provide pre-litigation advice and counsel. Dana also represented Sterling Equities and the owners of the New York Mets in highly publicized litigation arising from the Madoff liquidation proceeding, and successfully handled several securities matters for Morgan Stanley related to residential mortgage-backed securities.
Prior to joining Davis Polk, Dana clerked for the Honorable Carol Bagley Amon in the U.S. District Court for the Eastern District of New York. She received her J.D., cum laude, from the Georgetown University Law Center and her B.A., magna cum laude, from Duke University.
Brad Karp has been the Chairman of Paul, Weiss since 2008. One of the country’s leading litigators and corporate advisers, has successfully guided numerous Fortune 100 companies, global financial institutions and other companies and individuals through “bet the company” litigations, regulatory matters, internal investigations, and corporate crises. Prior to being named chairman, Brad chaired the firm’s Litigation Department. Brad has spent his entire career at Paul, Weiss, beginning as a summer associate.
Brad has received dozens of industry awards and recognitions. Brad has been selected as the “Attorney of the Year” by the New York Law Journal and by Lawdragon, the “Litigator of the Year” by The American Lawyer and by Benchmark Litigation/Euromoney, and one of the most innovative lawyers in the United States by the Financial Times. Brad received the “Special Achievement Award” from the Financial Times in recognition of his legal achievements and leadership of Paul, Weiss. Brad has repeatedly been named by the National Association of Corporate Directors as one of the most influential people in the boardroom. The New York Law Journal awarded Brad its first-ever Impact Award, in recognition of Brad’s “significant and lasting impact on the legal community in New York.” Brad received the William Nelson Cromwell Award from the New York County Lawyers Association in recognition of his “unselfish service to the profession and the community” and the John J. McCloy Memorial Award from the Fund for Modern Courts for making outstanding contributions to improving the administration of justice in New York state.
Brad speaks and writes frequently on business litigation, securities litigation and corporate governance. He has spoken at more than 600 conferences and has lectured at Harvard Law School, Yale Law School, Columbia Law School, NYU Law School and The Federal Judicial Center. Brad has written more than 600 articles on business litigation and corporate governance issues. For the past 36 years, Brad has written a monthly column for the New York Law Journal, “Second Circuit Review,” which analyzes developments in the Court of Appeals for the Second Circuit. Brad is a frequent contributor to the Harvard Law School Forum on Corporate Governance and Financial Regulation.
Brad frequently speaks out and writes about pressing issues of social justice. Brad is also active in the community, serving on more than 30 public interest, educational, cultural and charitable boards.
Brad is a 1984 graduate of Harvard Law School and clerked for The Honorable Irving R. Kaufman, former Chief Judge of the U.S. Court of Appeals for the Second Circuit.
Evan J. Kaufman is a partner in Robbins Geller Rudman & Dowd LLP’s Melville office. He focuses his practice in the area of complex litigation, including securities, ERISA, corporate fiduciary duty, derivative, and consumer fraud class actions.
Evan has served as lead counsel or played a significant role in numerous actions, including: In re TD Banknorth S’holders Litig. ($50 million recovery); In re Gen. Elec. Co. ERISA Litig. ($40 million cost to GE, including significant improvements to GE’s employee retirement plan, and benefits to GE plan participants valued in excess of $100 million); EnergySolutions, Inc. Sec. Litig. ($26 million recovery); Lockheed Martin Corp. Sec. Litig. ($19.5 million recovery); In re Warner Chilcott Ltd. Sec. Litig. ($16.5 million recovery); In re Third Avenue Mgmt. Sec. Litig. ($14.25 million recovery); In re Giant Interactive Grp., Inc. Sec. Litig. ($13 million recovery); In re Royal Grp. Tech. Sec. Litig. ($9 million recovery); Fidelity Ultra Short Bond Fund Litig. ($7.5 million recovery); In re Audiovox Derivative Litig. ($6.75 million recovery and corporate governance reforms); State Street Yield Plus Fund Litig. ($6.25 million recovery); In re Merrill Lynch & Co., Inc., Internet Strategies Sec. Litig. (resolved as part of a $39 million global settlement); and In re MONY Grp., Inc. S'holder Litig. (obtained preliminary injunction requiring disclosures in proxy statement).
In the TD Banknorth litigation, Evan and the Firm achieved a $50 million recovery after successfully objecting to a $3 million settlement submitted to the court on behalf of the class. The court stated: “This is one of the cases – there’s probably been a half a dozen since I’ve been a judge that I handled which have – really through the sheer diligence and effort of plaintiffs’ counsel – resulted in substantial awards for plaintiffs, after overcoming serious procedural and other barriers . . . it appears plainly from the papers that you and your co-counsel have diligently, and at great personal expense and through the devotion of many thousands of hours of your time, prosecuted this case to a successful conclusion.”
In the Third Avenue Mgmt. litigation, when approving the $14.25 million settlement obtained by Evan and the Firm, the court commended the parties for their “wisdom” and “diligence” and concluded that “lead counsel diligently and with quality represented the interests of the class.”
In the Giant Interactive litigation, the court acknowledged the efforts of Evan and the Firm in achieving the favorable settlement for the Class: "The Court also recognizes the diligence and hard work of plaintiffs' counsel in achieving such a settlement, particularly in light of the fact that this case (unlike many other securities class actions) was independently developed by plaintiffs' counsel, as opposed to following, or piggybacking on, a regulatory investigation or settlement."
Evan has been named a Super Lawyer by Super Lawyers Magazine for six of the past seven years. Before joining the Firm, he was associated with a prominent Manhattan plaintiffs' class action firm, where his practice focused on securities and consumer fraud class actions. Evan earned his Bachelor of Arts degree from the University of Michigan and his Juris Doctor degree from Fordham University School of Law, where he was a member of the Fordham International Law Journal.
In courts across the United States, Geoff Ritts focuses on defending corporations, officers, and directors in securities, shareholder, and derivative litigation. He also counsels boards on a wide range of governance issues. Chambers USA has described Geoff as "an excellent strategic thinker" and "very professional, knowledgeable and easy to work with." The Legal 500 US called him a "strong all-round litigator."
Geoff represented a top 10 bank in numerous securities, derivative, and ERISA lawsuits arising from the subprime mortgage crisis. He also represented a major financial institution in an MDL relating to the Bernard Madoff scandal. Geoff has represented many public companies in securities cases where courts dismissed complaints under the Private Securities Litigation Reform Act. Representative clients in matters of public record have included KeyCorp, Conagra Brands, Macy's, Cardinal Health, U. S. Steel, Goodyear, Cleveland-Cliffs, Erie Indemnity, Diebold Nixdorf, and Cooper Tire.
Geoff received a J.D. from Yale Law School in 1993 and a B.A. from Yale College in 1989. After law school, he clerked for Judge David A. Nelson of the United States Court of Appeals for the Sixth Circuit. Geoff is an adjunct professor at Case Western Reserve University School of Law, where he teaches complex litigation. Geoff has coauthored a treatise on complex litigation in state courts and has written articles on securities law and class actions in publications such as Litigation, National Law Journal, Journal of Corporation Law, and Defense Law Journal. Geoff has been invited to testify before the Ohio Legislature on class actions. He is a trustee of Notre Dame College and the Lake Erie Council of the Boy Scouts of America.
Jonathan Gardner is a partner in the New York office of Labaton Sucharow LLP and serves as Head of Litigation for the Firm. With more than 28 years of experience, Jonathan oversees all of the Firm's litigation matters, including prosecuting complex securities fraud cases on behalf of institutional investors.
A Benchmark Litigation "Star" acknowledged by his peers as "engaged and strategic," Jonathan was also named an MVP by Law360 for securing hard-earned successes in high-stakes litigation and complex global matters.
Jonathan has played an integral role in securing some of the largest class action recoveries against corporate offenders since the global financial crisis. He led the Firm's team in the investigation and prosecution of In re Barrick Gold Securities Litigation, which resulted in a $140 million recovery. He has also served as the lead attorney in several cases resulting in significant recoveries for injured class members, including: In re Hewlett-Packard Company Securities Litigation, resulting in a $57 million recovery; Public Employees' Retirement System of Mississippi v. Endo International PLC, resulting in $50 million recovery; Medoff v. CVS Caremark Corporation, resulting in a $48 million recovery; In re Nu Skin Enterprises, Inc., Securities Litigation, resulting in a $47 million recovery; In re Intuitive Surgical Securities Litigation, resulting in a $42.5 million recovery; In re Carter's Inc. Securities Litigation, resulting in a $23.3 million recovery against Carter's and certain of its officers as well as PricewaterhouseCoopers, its auditing firm; In re Aeropostale Inc. Securities Litigation, resulting in a $15 million recovery; In re Lender Processing Services Inc., involving claims of fraudulent mortgage processing which resulted in a $13.1 million recovery; and In re K-12, Inc. Securities Litigation, resulting in a $6.75 million recovery.
Recommended and described by The Legal 500 as having the "ability to master the nuances of securities class actions," Jonathan has led the Firm's representation of investors in many recent high-profile cases including Rubin v. MF Global Ltd., which involved allegations of material misstatements and omissions in a Registration Statement and Prospectus issued in connection with MF Global's IPO in 2007. In November 2011, the case resulted in a recovery of $90 million for investors. Jonathan also represented lead plaintiff City of Edinburgh Council as Administering Authority of the Lothian Pension Fund in In re Lehman Brothers Equity/Debt Securities Litigation, which resulted in settlements exceeding $600 million against Lehman Brothers' former officers and directors, Lehman's former public accounting firm, as well the banks that underwrote Lehman Brothers' offerings.
Jonathan has also been responsible for prosecuting several of the Firm's options backdating cases, including In re Monster Worldwide, Inc. Securities Litigation ($47.5 million settlement); In re SafeNet, Inc. Securities Litigation ($25 million settlement); In re Semtech Securities Litigation ($20 million settlement); and In re MRV Communications, Inc. Securities Litigation ($10 million settlement). He also was instrumental in In re Mercury Interactive Corp. Securities Litigation, which settled for $117.5 million, one of the largest settlements or judgments in a securities fraud litigation based on options backdating.
Jonathan earned his Juris Doctor from St. John’s University School of Law. He received his Bachelor of Arts degree from American University.
Jonathan is a member of the Federal Bar Council, New York State Bar Association, and the Association of the Bar of the City of New York.
Jonathan Youngwood is Co-Chair of the Firm’s Litigation Department and is a member of the Executive Committee. With more than two decades of experience, Jon has represented clients in a wide range of high-profile complex commercial litigation and regulatory matters, including securities, corporate control, antitrust, and ERISA disputes.
Jon was named a “Distinguished Leader” by the New York Law Journal in 2017, an award that recognizes lawyers in leadership roles who have achieved impressive results in the last year. Chambers and Partners consistently recognizes Jon as a leading securities litigator (Band 1), describing him as a “very well-respected lawyer with a tremendous reputation, and is very good in the courtroom”; “a great advocate”; “the best lawyer on his feet – he is incredibly comfortable before judges and panels”; and a “smart, focused and creative lawyer who brings the required intensity to the job.” Chambers also describes him as “a detail-oriented litigator with the ability to get to the nub of an issue” who “has extensive securities knowledge”; a “flair for written work and oral advocacy”; who “commands respect in the courtroom”; and “is highly esteemed for his distinguished securities litigation practice, with a number of major financial institutions calling upon his skills in defending class actions, derivative claims and wider disputes work.” He is recognized as a “Leading Lawyer” by The Legal 500, where market commentators describe him as “very talented”; who has a “client-oriented approach”; “technically superb, bright and articulate”; an “outstanding securities litigator”; and “smart, hardworking and extremely professional.” In 2017, he was the recipient of the “Securities Lawyer of the Year” award by Euromoney’s Benchmark Litigation, an award that recognizes the country’s most distinguished litigators; he was listed as a “Top 10 Nationwide Securities Star”; and is consistently recognized as a national and New York “Litigation Star” in Securities Litigation by Benchmark Litigation, where sources have described him as “one of the smartest lawyers I know. He not only is hardworking, but he has the ability to be both a big-picture thinker and also pay incredible attention to detail.”
He edits the Securities Law Alert, a monthly newsletter published by the Firm, is the Co-Chair of PLI’s annual program entitled “Handling a Securities Case: From Investigation to Trial and Everything in Between,” and received the Burton Award for Achievement in Legal Writing.
Among a number of significant pro bono achievements, Jon served on the Simpson Thacher team that achieved a finding (after a seven-month trial) that the New York City public schools fail to provide a constitutionally adequate education.
Jon received his B.A. with honors from Brown University in 1990. He received his J.D. in 1994 with honors from the University of Chicago, where he served as Comments Editor of The University of Chicago Law Review. He also holds a Master of Public Policy from The University of Chicago (1992). Jon joined Simpson Thacher in 1995 following a one-year clerkship with Hon. Dennis G. Jacobs of United States Court of Appeals for the Second Circuit. He became a Partner in 2003.
Karin A. DeMasi is a partner in Cravath’s Litigation Department and serves as the Department’s Managing Partner. She has been a litigator at Cravath for over 22 years and a partner for 15 years. She has extensive experience representing clients in class action litigation, including a number of securities cases, most recently representing First Solar in a securities class action and a related opt-out action; Avon Products and its officers in putative securities fraud class action litigation relating to alleged false and misleading statements regarding the company’s business in Brazil; GreenSky and its officers and directors in putative class action securities litigation alleging disclosure deficiencies in connection with GreenSky’s initial public offering; Juno Therapeutics in a securities class action alleging defendants failed to disclose the side effects associated with an immunotherapy drug, resulting in a stock price drop when the clinical trial was halted; Merck in multidistrict litigation, which contained numerous class actions, individual securities actions, derivative suits and ERISA class actions, all of which she defended for more than a decade, including in the trial court, the Third Circuit and in the U.S. Supreme Court; DreamWorks Animation in two separate securities class action lawsuits concerning the animated film Turbo and sales of the company’s Shrek 2 DVD; Tetragon Financial Group in separate putative securities class actions; and Charm Communications and a special committee of its board of directors in a securities class action concerning the company’s going-private sale. Ms. DeMasi also represented Credit Suisse in consolidated, multidistrict class action litigation, and related individual securities, ERISA, RICO and bankruptcy proceedings, relating to alleged fraudulent conduct in connection with the collapse of Enron Corporation.
Ms. DeMasi was elected in 2013 to serve as a member of The American Law Institute. She is also a member of the American Bar Association and the New York City Bar Association. She is the author of several articles, and has spoken on several panels relating to securities and class action litigation.
Ms. DeMasi received a B.S. from Northwestern University in 1993, and a J.D. from the University of Pennsylvania in 1996, where she was Editor of the University of Pennsylvania Law Review. After a clerkship with Hon. D. Brock Hornby of the U.S. District Court for the District of Maine, she joined Cravath in 1997 and became a partner in 2005. Ms. DeMasi has served as the Managing Partner of the Litigation Department since September 2016. From 2014 to 2016, she served as the Hiring Partner for the Firm’s Litigation Department.
Matthew A. Schwartz is a partner in Sullivan & Cromwell’s Litigation Group. Mr. Schwartz’s wide-ranging practice comprises complex litigation, arbitration and government investigations in the areas of securities law, derivative suits, financial advisor M&A, antitrust, bank regulation, contracts and general commercial litigation. He also advises clients on legislation and regulations in the banking, FinTech and payments fields.
Mr. Schwartz authors articles and speaks on developments in securities litigation and legal ethics. He serves on Sullivan & Cromwell’s Legal Ethics and Conflicts Issues Committee and the New York State Bar Association’s Committee on Standards of Attorney Conduct. He is a past member of the New York City Bar Association’s Professional Ethics Committee.
Mr. Schwartz joined Sullivan & Cromwell in 2007 after clerking for Justice Samuel A. Alito, Jr. of the U.S. Supreme Court, and was elected partner in 2011. He received his A.B. degree from Princeton University and his J.D. degree from Columbia Law School.
Rob Stern is the Chair of the Firm’s White Collar, Investigations, Securities Litigation & Compliance practice group and a nationally recognized securities litigator by both Chambers USA (Band 1) and Legal 500 (Leading Lawyer).
Rob has a demonstrated track record of achieving outstanding results for financial services institutions, Fortune 100 companies, officers and directors of public companies and accounting firms. Rob's mastery of the field enables him to develop creative litigation strategies and business solutions for his clients in a broad array of situations.
For the past 20 years, Rob has handled many of the most complex financial services and civil and governmental securities matters. Rob has litigated dozens of securities and commodities class actions and the parallel SEC, CFTC, PCAOB and/or criminal enforcement matters that accompany them. Rob has also tried numerous FINRA, AAA and international arbitrations and litigated merger and acquisition disputes in Delaware Chancery Court. Rob possesses particular expertise litigating claims involving accounting-related matters, structured products, mortgages, futures and derivatives.
In addition to being a recognized practitioner, Rob is also a thought leader -- lecturing and publishing widely. Rob is a faculty member of Practicing Law Institute’s Securities Litigation program and Chairs PLI's Storming the Gatekeepers: When Compliance Officers and In-House Lawyers Are at Risk program. Rob has also spoken on Bond Buyer webinars, NERA's Securities and Finance Seminar, the Advanced Litigation Strategy Summit and Strafford Seminars.
Susan L. Saltzstein is co-deputy of Skadden’s nationwide Securities Litigation Group. Her sophisticated litigation practice focuses on the representation of U.S. and global financial institutions, corporations and individual clients embroiled in complex securities, corporate and commercial litigation in federal and state courts. Ms. Saltzstein’s experience extends to class and derivative actions, investigations and corporate control contests. Bet-the-company litigation is one of the mainstays of her renowned practice.
She has represented, among others: J.P. Morgan Chase in connection with a number of foreign exchange-related purported class action litigations and in its defense of its ERISA plan; Citigroup Inc. as part of the 17-member underwriting syndicate of Santander Consumer USA Holdings Inc.’s IPO in two securities class actions, as well as in connection with litigation related to its student loan business; Anadarko Petroleum Corporation in connection with securities and derivative litigation arising out of its operations; Booz Allen Hamilton, Inc., in securities and derivative litigation arising out of a government investigation; Footlocker Inc. in its successful defense of a securities class action; Nokia Corporation in its defense against securities litigation; Inovalon Holdings, Inc. in connection with securities and derivative litigation arising from its IPO; Covisint Corporation and Compuware Corporation in connection with securities class action litigation involving the spin-off of Covisint Corporation; UniCredit S.p.A. in its defense of multibillion-dollar, precedent-setting Bernie Madoff-related litigations; the former CEO of Bear Stearns Companies, Inc. in connection with the defense of securities class and derivative actions and arbitrations; Cheniere Energy Inc. in its successful defense of challenges to its shareholder vote and related issuance of shares as incentive compensation; and Nortel Networks S.A. in securing a favorable settlement regarding the allocation of $7.3 billion of asset-sale proceeds in the Nortel bankruptcy cases.
Ms. Saltzstein led the Skadden team that was honored, among other firms, for its Nortel- related legal work by The American Lawyer as the Grand Prize Winner for Disputes. Ms. Saltzstein is leading the defense of Netshoes in a matter that produced the first substantive dismissal of a securities class action complaint in a New York state court.
The American Lawyer named Ms. Saltzstein and her partner Marco Schnabl as Litigators of the Week for their work on behalf of UniCredit S.p.A. in connection with Madoff-related matters, which also was named among the top matters in the Litigation & Dispute Resolution category in the Financial Times’ 2013 U.S. Innovative Lawyers report. In January 2014, Ms. Saltzstein was profiled in an article in The American Lawyer, which named the firm as a finalist for 2018 Litigation Department of the Year.
She regularly counsels clients on a wide range of strategic litigation and corporate governance matters, has extensive experience leading internal corporate investigations, actively defends board members in litigation, and represents clients in SEC and Financial Crisis Inquiry Commission matters.
Ms. Saltzstein has extensive experience providing litigation advice to and representing members of public company boards of directors in litigation. She has advised clients on litigation-avoidance strategy and routinely consults clients concerning litigation-related corporate governance and disclosure issues. In this regard, she has participated in the successful representation of clients involved in diverse businesses such as financial services, telecommunications, health care, investment banking, hedge funds, private equity and retail.
In 2011, Ms. Saltzstein was asked by a federal district court judge to serve on the Attorneys’ Advisory Committee of the Southern District of New York, a committee providing assistance to members of the judiciary serving on the Judicial Improvements Committee. In this role, Ms. Saltzstein co-chaired the Motions Committee and helped draft new procedure rules that have been implemented by district court judges in a pilot program directed at complex commercial disputes. Ms. Saltzstein has served as co-chair for numerous American Bar Association organizations and events, including the Section of Litigation Annual Conference (2010), the Litigation Institute for Trial Training (2011) and the ABA’s Expert Committee (2017), as well as having served for three years as co-chair of the Securities Litigation Committee. Ms. Saltzstein is currently the co-chair of the ABA’s Class and Derivative Action Committee.
Ms. Saltzstein was one of only two women securities litigators ranked by Chambers USA 2019 in its top bands and has been featured by Securities Law360 as one of its Outstanding Women lawyers. She also was selected by Lawdragon as one of 500 Leading Lawyers in America and has been named to The Best Lawyers in America.
With nearly two decades of legal experience, Jill Sperber has handled over 1,200 mediations and arbitrations, helping parties achieve satisfying settlements ranging from five- to ten-figure values. She has served in a neutral capacity on a variety of business and financial matters, including high-stakes, complex, multi-party actions in the securities, D&O coverage and banking areas. Relying heavily on her business and legal acumen, Jill facilitates creative and equitable resolutions, often restoring the parties' confidence and saving future business relationships.
Before joining Judicate West, Jill practiced as a neutral full-time in the Irell & Manella Alternative Dispute Resolution Center, serving as a mediator, arbitrator, co-mediator and liaison on several arbitration panels. Prior to pivoting to dispute resolution full-time, Jill litigated high-stakes, complex business disputes for nearly a decade with the law firms of Cleary Gottlieb Steen & Hamilton and Irell & Manella. She also clerked at the Central District of California and the Ninth Circuit Court of Appeals.
C. Evan Stewart's practice focuses principally on the financial services industry, where he handles litigation matters for domestic and international clients before federal and state trial and appellate courts, in arbitration forums, as well as before the Judicial Panel on Multidistrict Litigation and the U.S. Supreme Court. He advises clients on a range of complex commercial matters, including antitrust, bankruptcy, class action defense, ethics, intellectual property, internal investigations, securities litigation, and tax controversies.
Mr. Stewart was featured by the New York Law Journal in the "Top Trials of 2005" for his successful representation of Theodore Sihpol, the first person in U.S. history to be criminally charged for "late trading" mutual funds. More recently, Mr. Stewart successfully represented Gary Prince against the U.S. Securities and Exchange Commission. In May of 2013, after a three week bench trial in federal court, the judge dismissed all six charges of securities fraud against Mr. Prince.
Mr. Stewart previously served twelve years as Executive Vice President and General Counsel for The Nikko Securities Co. International Inc., and as a director of Nikko Financial Services Inc. Additionally, Mr. Stewart served as First Vice President, Associate General Counsel, and Head of Litigation at E.F. Hutton & Company Inc. Since 2003, Mr. Stewart has been tasked by Goldman, Sachs & Co. to, among other things, oversee and litigate all of the disputes arising out of the company's Private Wealth Management Division.
Recognized as a Super Lawyer for Securities Litigation since 2009, Mr. Stewart has also been hailed as a "Local Litigation Star" by Benchmark Litigation since 2010. In 2016, Mr. Stewart received the Sanford D. Levy Award from the New York State Bar Association's Ethics Committee for having "significantly contributed to an understanding of professional ethics by the publication of an article, commentary or a series of articles or commentaries on the subject." In 2008, he received the Modaq Content Award for writing the most popular article in the United States. Since 1980, Mr. Stewart has been AV(R) Peer Review Rated by Martindale-Hubbell.
Mr. Stewart is a visiting professor at Cornell University and an adjunct law professor at Fordham Law School. He has been a regularly contributing columnist for the New York Law Journal since 1990, the New York Business Journal since 2006, and has published approximately 300 articles on diverse legal subjects. He is also frequently featured in the national media and regularly speaks across the country on securities professional responsibility and complex litigation issues.