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Ethics in Context: July 2017

 
Author(s): Carole L. Basri, C. Evan Stewart, Stephen D. Brody, Katie M. Lachter
Practice Area: Corporate & Securities, Ethics/Professional Responsibility, Litigation
Published: Jul 2017
ISBN: 9781402429408
PLI Item #: 180584
CHB Spine #: B2340

Carole Basri is an adjunct professor at Fordham University School of Law and a visiting professor at Peking University School of Transactional Law. She helped to create the Corporate Compliance program at Fordham Law School, which includes a certificate and LLM in Corporate Compliance that launched in 2012.

Ms. Basri is a graduate of Barnard College and NYU School of Law, where she was a member of its National Moot Court Team. She then joined the Federal Government, where she was an Assistant Counsel with the United States Senate Antitrust and Monopoly Subcommittee and an attorney with the Federal Trade Commission. She later became in-house counsel with the advertising agency, NW Ayer Inc., and left to become an associate, first with Baker & McKenzie and then with Hall Dickler Lawler Kent and Friedman. Ms. Basri then became in-house counsel with Maidenform Inc. and a consultant with the Perrier Group Inc. From 1994 to 2002, she was a consultant to Deloitte & Touche LLP, where she helped to create its Ethics and Compliance practice. During this time, she also served as General Counsel of China On Line Inc.

Ms. Basri was the Senior Vice President of B3 Legal, a national legal and compliance staffing company that provides, among other things, attorneys and compliance professionals to serve as in-house counsel attorneys and Compliance Officers at financial institutions.  In addition, she has been Executive Director of the Greater NY Chapter of the Association of Corporate Counsel (ACC) for over 10 years (until September 2006).

Ms. Basri is also President of the Corporate Lawyering Group LLC, which advises on corporate compliance programs. She has created comprehensive compliance and ethics programs for major corporations, including the Dunn & Bradstreet Corporation, Cendant, Benjamin Moore & Co. and Dannon Inc. These programs were all launched within nine months and, in many cases, in multiple languages and locations. She also provides advice on law department management, document retention and corporate governance issues.

Carolina Academic Press just published two casebooks by Ms. Basri: Corporate Legal Departments and Corporate Compliance. 


Steve Brody is an accomplished trial lawyer who handles a wide variety of complex, aggregated litigation, with a primary focus on mass torts, product liability, class actions, government investigations, and appeals. Steve chairs the firmwide Product Liability and Mass Torts Practice, and leads the practice’s Drug and Medical Device subgroup. He also works frequently with attorneys in the firm’s Consumer Class Actions, White Collar Defense and Corporate Investigations, and Appellate Practice Groups.

Steve works with clients beyond the near-term victory in a single dispute and toward the achievement of systemic changes that benefit clients’ businesses well into the future. Steve has defended class actions and state attorney general cases involving pharmaceutical marketing, consumer fraud, state Medicaid reimbursement, health insurance plan benefits, preferred provider agreements, and 401(k) fees and retirement plan investment selection. At the federal appellate level, he has recently handled appeals in the Fourth, Eighth, Ninth, Tenth, Eleventh and DC Circuits, and state appellate courts in Arkansas, California, Louisiana, New Jersey, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.


Katie Lachter is the Firm’s associate general counsel. Based in the New York office, Katie counsels the Firm’s lawyers on matters of professional responsibility and cross-jurisdictional and compliance issues in support of the Firm’s commitment to excellent client service.

Katie is also a member of the Law Firm Practice Group and advises lawyers, law firms and in-house legal departments on risk management and the laws and regulations governing lawyers.

Katie is a frequent writer and speaker on issues relating to legal ethics. She is a lecturer-in-law at Columbia Law School, where she teaches professional responsibility. She is also on the faculty of the Practising Law Institute and Lawline.com. She co-authored Risk Management Survival Tools for Law Firms, third edition, published by the ABA Law Practice Division in 2016. She is also the co-author of a chapter entitled "The Practical Case for Civility," in Essential Qualities of the Professional Lawyer, published by the ABA Standing Committee on Professionalism in 2013, and has co-authored numerous articles on ethics and professional responsibility for the New York Law Journal and Bloomberg Law Reports. Katie is a past secretary of the New York City Bar Association Committee on Professional Ethics and a current member of the Association of Professional Responsibility Lawyers, the New York Women’s Bar Association Ethics Committee, and the New York State Committee on Standards of Attorney Conduct.

Katie was named a 2012 Distinguished Legal Writing Award winner by the Burton Awards for Legal Achievement. She was also the recipient of the Legal Aid Society’s 2009 Pro Bono Publico award. Katie was designated a "Rising Star" in Super Lawyers’ New York Metro edition in 2014, and named a "Super Lawyer" in the 2015 edition.


Mr. 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 Stanford 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.