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Securities Litigation 2018: From Investigation to Trial


Speaker(s): Adam S. Hakki, Amanda T. Perez, Amelia T.R. Starr, Brad S. Karp, C. Evan Stewart, Dr. Patrick Conroy, Felipe J. Arroyo, Geoffrey J. Ritts, James R. Swanson, Jonathan Gardner, Jonathan K. Youngwood, Jonathan R. Tuttle, Karin A. DeMasi, Katherine M. Sinderson, Katherine R. Goldstein, Kimberly A. Justice, Linton Mann III, Lyle Roberts, Michael D. Young, Nicholas I. Porritt, Paul C. Gluckow, Richard F. Dziedziula, Robert Stern, Robert T. Vermylen, Sherrie R. Savett, Tracey Cushing Gilliam
Recorded on: Apr. 4, 2018
PLI Program #: 220305

Chairman of the firm since 2008, Brad Karp is one of the country’s leading litigators and corporate advisers. Brad has successfully guided numerous Fortune 100 companies, global financial institutions and other companies through “bet the company” litigations, regulatory matters and internal investigations. Prior to being named chairman of Paul, Weiss, Brad chaired the firm’s Litigation Department. Brad has spent his entire career at Paul, Weiss, beginning as a summer associate.

Brad has received numerous industry recognitions over the years. In 2019, Brad was selected as a “Trailblazer” and as a “Distinguished Leader” by the New York Law Journal and as an “Equality Trailblazer” by the National Law Journal. In 2018, Brad received the Special Achievement Award from the Financial Times in recognition of his legal achievements and leadership of Paul, Weiss and was also named the “Attorney of the Year” by the New York Law Journal, “Litigator of the Year” by The American Lawyer, “Sports MVP of the Year” by Law360, and “Securities Lawyer of the Year” by Best Lawyers. In 2017, Brad was selected as a “Litigation Trailblazer” by the National Law Journal and Best Lawyers’ “Banking Lawyer of the Year.” Additional publications consistently rank Brad as one of the leading lawyers in the United States, including The Wall Street Journal, The New York Times, Crain’s New York Business, The Financial Times, The Lawyer (U.K.), The Legal 500Euromoney Institutional InvestorsBest of the Best USA and Benchmark/Institutional Investor.

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 500 articles on business litigation issues. For the past 35 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 has also spoken out and written about pressing issues of social justice. Most recently, in 2018, Brad authored two op-eds in The New York Times, “Stop Shielding Gun Makers,” advocating changes to gun manufacturer liability laws, and “An Army of Lawyers for Migrants,” urging the private bar to address the unlawful treatment of immigrants and to seek the reunification of separated families. In 2018, Brad also authored an op-ed in the New York Law Journal, “Democracy Itself Is on the Ballot,” addressing voter suppression and disenfranchisement. Brad is also active in the community, serving on more than 25 public interest and educational institution 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.


Michael Young (MA (Cantab), BCL (Oxon)) is a Partner in the International Arbitration Group of Herbert Smith LLP.  He specialises in international arbitration in a range of industries, with particular experience in the fields of energy, chemicals and natural resources, as well as large-scale infrastructure projects.

He acts as an advocate before arbitral tribunals in a range of jurisdictions and is experienced under the rules of the major arbitral institutions (including the ICC, LCIA, and ad hoc under the UNCITRAL Arbitration Rules).  Many of his cases involve applying systems and principles of law other than English.  He also sits regularly as an arbitrator. A UK national, he originally qualified as an English barrister.  He has been an English solicitor since 1996, and based in Paris since 2006.

Michael's major work includes acting for or advising:

- a leading European energy company in a price-reopener dispute concerning a contract for the supply of LNG into the Spanish market (under the ICC rules; seat: London; applicable law: New York);

- the same leading European energy company in a further price-reopener dispute concerning a different contract for the supply of LNG into the Spanish market (under the UNCITRAL Rules; seat: London; applicable law: English);

- a leading NOC in a suite of inter-related disputes (under both the ICC and the LCIA Rules) concerning the construction of off-shore and on-shore facilities in the largest gas project in a particular Caspian state (seats: London, Geneva and the capital of the relevant state; applicable laws: English and that of the relevant State);

- a global energy super-major in a range of disputes (under the ICC, LCIA and ICSID Rules) affecting the operatorship and construction of a major oil pipeline - and a related gas pipeline - in the Former Soviet Union and related areas (seats: Geneva and London; applicable law: English);

- a global chemicals company in a major ICC arbitration relating to the production process for polyethylene (seat: Zurich; applicable law: mixture of English and Swiss law);

- a leading European energy company in a price-reopener dispute concerning the supply of LNG into the French and Belgian markets (under the ICC Rules; seat: Geneva; applicable law: English);

- a leading global energy and utilities conglomerate in an ICC arbitration concerning the development of gas fields in Turkey (seat: London; applicable law: English);

- a leading Italian property company concerning the development and financing of a real estate project in Romania (seat: Paris; ICC; applicable law: English);

- a South American state oil company in an LCIA arbitration relating to a joint bidding agreement concerning the development of a concession off West Africa (seat: London; applicable law: mixture of English law and that of the relevant West African state);

a leading Japanese car manufacturer in an ICC arbitration concerning the design and manufacture of a new model (under the ICC rules: seat: Zurich; applicable law, Dutch);

- a leading Middle Eastern telecommunications company in a range of disputes concerning its investment in the telecommunications market in another Arab state (potential seats: London and Geneva; applicable law: English);

- a global energy super-major in an arbitration under the LCIA Rules brought by a US oil company concerning the application of a joint operating agreement in South America for the development of a field in Lake Maracaibo (seat: London; applicable law: mixture of English and Texan law), together with a related mediation concerning the parties' obligations to meet payment demands under the terms of the relevant JOA;

- a leading European energy company in a price indexation substitution dispute concerning the supply of gas into the French market (under the ICC Expert Rules; applicable law: Norwegian);

- the same leading European energy company in a price-reopener/hardship clause dispute concerning the supply of LNG into the French market (under the ICC Rules; seat: Geneva; applicable law: New York);

- a global energy super-major in a dispute over transfer and pre-emption provisions concerning a major refinery and gas storage acquisition (seat: Rotterdam; applicable law: Dutch);

- a global electronics and manufacturing conglomerate in a dispute concerning the distribution agreement regulating the supply of high-end medical equipment into one of the Gulf states (under the LCIA rules; seat: London; applicable law: English);

- a global energy super-major in its dispute (under the LCIA Rules) with a leading industry sub-contractor concerning the significant cost overruns incurred in the construction of a Spar Hull for an offshore platform in the United States (potential seat: London; applicable law: mixture of English and Texan);

- a group of international investors in an ICC arbitration concerning the mobile telecommunications market in India (seat: London; applicable law: mixture of English and Indian).

- a leading European energy company in a price-reopener dispute concerning a contract for the supply of LNG into the French market (under the UNCITRAL rules; applicable law: English; seat: Geneva);

- a US energy major in a contractor dispute concerning a de-gasification project in North Africa (seat: Paris; applicable law: that of the applicable North African state; language: French);

- an Australian minerals company in an ICC arbitration concerning a minerals supply agreement for a Scandinavian customer

- a US energy major in an ad hoc arbitration under the UNCITRAL Rules against a Middle Eastern state oil company concerning the approval of development rights to a major gas project (seat: Geneva; applicable law: fusion of "US", the relevant Middle Eastern state and "general principles of international law"), and advising on domestic proceedings filed in that State after the completion of the arbitral proceedings (as well as possible investor remedies available to the client);

- a European energy major in a dispute concerning the development rights to reserves, and the effect of a Farm-Out Agreement, contained within an area subject to differing jurisdictional claims in the Middle East;


Adam Hakki is the Firm’s Global Managing Partner.  He is also Global Head of the Firm’s Litigation Practice and Disputes Unit, maintaining a full time litigation and government investigation practice, with particular focus on securities, antitrust, and corporate governance matters, both civil and criminal.  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, energy/oil and gas, technology and media.  For two of the last three years, Benchmark Litigation named Adam the sole “Securities Lawyer of the Year” for the entire United States.

Adam authored the chapter on damages in Litigating Securities Class Actions (Eisenberg, J., editor, LEXIS/NEXIS publisher), a comprehensive treatise on defending securities class actions whose contributing authors are recognized leaders in the field of securities litigation.  He has also co-authored numerous publications on securities regulation, enforcement and litigation, including the lead chapter on handling parallel regulatory investigations and securities litigations for the Practising Law Institute’s book “Handling a Securities Case:  From Investigation to Trial and Everything in Between.”  Adam is also a frequent lecturer and panel participant on insider trading, SEC and government investigations, and litigation and compliance matters, for SIFMA, PLI, ALI and other leading groups. 

Adam received his J.D. from St. John’s School of Law, magna cum laude, where he was Executive Articles Editor of the Law Review. 


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.


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 21 years and a partner for over 13 years.  She has extensive experience representing clients in class action litigation, including a number of securities cases, most recently representing GreenSky and its officers and directors in putative class action securities litigation alleging disclosure deficiencies in connection with GreenSky’s initial public offering; First Solar in a securities class action and a related opt-out action; 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 Karin 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.  Karin also represented an underwriting syndicate led by Credit Suisse, Merrill Lynch and Lehman Brothers in a securities class action alleging misrepresentations and omissions in connection with the initial public offering of Anchor Glass Container Corporation; Morgan Stanley in securities litigation, as well as related class action litigation, regarding alleged misrepresentations and disclosures relating to Guaranteed Investment Contracts marketed and sold by the financial services company ARM Financial Group; and Tyco International in a consolidated, multidistrict shareholder fraud class action, and related individual securities actions.  In the past 10 years, Karin has had 14 similar cases successfully resolved on motions and 24 similar cases that ultimately settled.

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.


Katherine Goldstein is a partner in the New York office of Milbank LLP and a member of the firm’s Litigation & Arbitration Group. Katie’s practice, which focuses on representations of individuals and entities facing white-collar, regulatory or internal investigations, builds on her more than a decade of experience as a federal prosecutor, including serving most recently as Chief of the Securities and Commodities Fraud Task Force in the United States Attorney’s Office for the Southern District of New York, where she oversaw some of the most complex and high-profile white collar and securities matters in the country.

Primary Focus & Experience

Ms. Goldstein is the former Chief of the Securities and Commodities Fraud Task Force at the United States Attorney’s Office. She joined the US Attorney’s Office in 2004, where 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 a chief, Ms. Goldstein supervised a team of approximately 20 senior prosecutors and all aspects of the unit’s work from investigation through prosecution, including a broad array of cases involving accounting and disclosure fraud, insider trading, market manipulation, mismarking of complex products, corporate fraud, and fraudulent investor schemes, among others. 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 US Attorney, Ms. Goldstein 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 US Attorneys, numerous investigations and dozens of trials.

Before becoming a prosecutor, Ms. Goldstein was an associate at a major national law firm.

Recognition & Accomplishments

Ms. Goldstein received her B.A. degree magna cum laude, in political science, from Duke University and her J.D. degree 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 Sixth Circuit.

Recent Speaking Engagements

  •  Moderator, “Enforcement Priorities,” at the Practising Law Institute’s Enforcement 2018: Perspectives from Government Agencies, New York (May 2018)
  • Panelist, “Securities Litigation: The Investigation: Coordinating Requests from Government,” at the Practising Law Institute’s Securities Litigation 2018: From Investigation to Trial seminar, New York (April 2018)
  • Panelist, “Mitigating Insider Trading Risk: Best Practices for Private Fund Managers Amidst the Rulings in Martoma, Newman and Salman,” The Hedge Fund Law Report, New York (November 2017)
  • Moderator, “Legal and Policy Developments in Enforcement” at the Practicing Law Institute’s Enforcement 2017: Perspectives from Government Agencies, New York (May 2017)
  • Panelist, “Securities Litigation: The Investigation: Coordinating Requests from Government Regulators” at the Practising Law Institute’s Securities Litigation 2017: From Investigation to Trial seminar, New York (April 2017)
  • Panelist, “Securities Enforcement,” American Bar Association’s 31st Annual National Institute on White Collar Crime (March 2017)


Kimberly A. Justice, a partner at Kessler Topaz Meltzer & Check, LLP (“KTMC”) and co-chair of its antitrust practice group, is a respected litigator and experienced trial lawyer who has dedicated her career to obtaining justice for those harmed by corporate fraud.  She focuses her practice on securities fraud and antitrust class action litigation and serves as a trial advisor within the firm.  Since joining KTMC, Ms. Justice has secured sizeable recoveries on behalf of investors in several high-profile securities fraud cases.  E.g., In re Lehman Bros. Equity/Debt Sec. Litig., No. 08-cv-5523 (S.D.N.Y) ($616 million recovery); and Luther, et al. v. Countrywide Fin. Corp., No. 12-cv-05125 (C.D. Cal.) ($500 million recovery).  Ms. Justice also served as lead counsel and lead trial attorney in In re Longtop Financial Technologies Securities Litigation, No. 11-cv-3658 (S.D.N.Y), successfully obtaining a jury verdict in favor of investors in one of the rare securities class actions to proceed to trial.  Kimberly currently serves as lead or co-lead counsel in several nationwide securities fraud and antitrust class actions. 

Ms. Justice joined KTMC after nearly a decade of serving as a trial attorney and prosecutor in the Antitrust Division of the U.S. Department of Justice where she led teams of trial attorneys and law enforcement agents who investigated and prosecuted domestic and international cartel cases and related violations of federal law, and where her success at trial was recognized with the Antitrust Division Assistant Attorney General Award of Distinction for outstanding contribution to the protection of American consumers and competition.

Ms. Justice graduated magna cum laude from Temple University School of Law and cum laude and Phi Beta Kappa from Kalamazoo College.  Ms. Justice also served as a judicial clerk to the Honorable William H. Yohn, Jr. (retired) in the U.S. District Court for the Eastern District of Pennsylvania.

Ms. Justice frequently lectures and serves on discussion panels concerning antitrust and securities litigation matters and currently serves as a member of the Advisory Board of the American Antitrust Institute and as an Advisory Council Member for The Duke Conferences:  Bench-Bar-Academy Distinguished Lawyers’ Series.

 


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 Management Committee and Summer Associate Program.  Linton was recently named a Rising Star by the New York Law Journal and Law360.  He is also a repeat honoree on Benchmark Litigation’s “40 & Under Hot List,” which honors the achievements of the nation’s most accomplished law firm partners under the age of 40.

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 on 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 coordinated (2009-2016) Simpson Thacher’s Legal Outreach Internship.  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.  He is admitted to practice in New York.


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 obtained dismissals with prejudice on behalf of CenturyLink, ChannelAdvisor and Alcobra in recent securities class actions brought against those companies. He currently represents a number of prominent companies – including Northrop Grumman – in the defense of private securities litigation.

Recognized as a leading securities litigator by Chambers USA and The Legal 500, among others, Lyle is the publisher of the well-known blog, The 10b-5 Daily, which tracks key developments in securities litigation.  He also is 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 Halliburton, ANZ Securities, and Leidos cases and SIMFA and the Chamber of Commerce of the United States of America in the Matrixx case.


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:

  • Zaghian v. Farrell, ___ Fed. Appx. ___, 2017 WL 117161 (9th Cir. Jan. 12, 2017)
  • Carlton v. Cannon, 184 F. Supp. 3d 428 (S.D. Tex. 2016)
  • Zola v. TD Ameritrade, Inc. 172 F. Supp. 3d 1055 (D. Neb. 2016)
  • In re Energy Recovery Sec. Litig., 2016 WL 324150 (N.D. Cal. Jan. 27, 2016)
  • In re EZCorp Inc. Consulting Agreement Deriv. Litig., 2016 WL 301245 (Del. Ch. Jan. 25, 2016)
  • In re Violin Memory Sec. Litig,. 2014 WL 5525946 (N.D. Cal. October 31, 2014)
  • Garnitschnig v. Horovitz, 48 F. Supp. 3d 820 (D. Md. 2014)

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.


Paul Gluckow is a Partner in Simpson Thacher’s Litigation Department. His practice focuses on securities litigation—including class and derivative actions, disputes in connection with mergers and acquisitions, and government and internal investigations—as well as antitrust litigation, defense of law firms in legal malpractice and related matters, and other complex commercial litigation matters.  He is recognized by The Legal 500 in Securities: Shareholder Litigation, Financial Services Litigation, Commercial Litigation, and M&A Litigation, where clients have described him as “very responsive and client-friendly.” He is also recognized by Euromoney’s Benchmark Litigation.

Paul regularly represents financial institutions, corporations, and individuals in high-profile securities and shareholder litigations, and other related matters, including government and internal investigations. He also has substantial experience in litigation arising out of corporate acquisitions and other transactions. Paul is active in antitrust and competition matters, litigating on behalf of both plaintiffs and defendants, including cases alleging monopolization, price-fixing, and other restraints of trade.

Paul is an editor of the Firm’s Securities Law Alert, a monthly newsletter that reports on developments in securities litigation and related areas.

Paul is very active in pro bono. Among other things, since 2007 he has supervised the Firm’s work with co-counsel The Legal Aid Society in the Immigration Removal Defense Project, through which the Firm and Legal Aid have represented numerous clients in removal/deportation cases in Immigration Court.

Paul joined Simpson Thacher in 1996. He received his J.D. summa cum laude from Seton Hall University School of Law in 1994, where he was also Editor-in-Chief of the Seton Hall Law Review. He received his M. Phil. with highest distinction in 1992 from the University of Glasgow and his B.A., magna cum laude, from the University of Notre Dame in 1988. In 1994–95, Paul served as a law clerk to the Hon. William G. Bassler of the U.S. District Court for the District of New Jersey, and in 1995–1996 he clerked for the Hon. Samuel A. Alito, Jr., of the U.S. Court of Appeals for the Third Circuit.


Rob Stern is the Co-Chair of the Firm’s White Collar, Investigations, Securities Litigation & Compliance practice group.

Rob is a nationally ranked securities litigator with extensive experience litigating civil and government enforcement actions on behalf of financial services institutions, Fortune 100 companies and officers and directors of public companies.

For the past 20 years, Rob has handled many of the most complex financial services and civil and governmental securities matters. Rob possesses particular expertise litigating claims involving accounting-related matters, structured products, mortgages, futures and derivatives. Rob routinely represents financial institutions, public companies, officers and directors.

Rob is a faculty member for the Practicing Law Institute’s Securities Litigation program. Rob has also been nationally recognized as a leader in securities litigation by The Legal 500 and SuperLawyers.


Robert T. Collins Vermylen is an Executive Director in Morgan Stanley’s Legal and Compliance Division.  Based in New York, Rob manages litigation and regulatory enforcement investigations related to the Firm’s institutional securities and investment management businesses.  From 2010 to 2014, Rob was based in Hong Kong and advised Morgan Stanley on a range of compliance and litigation risks with a focus on compliance with anti-corruption laws and served as the Anti-Corruption Counsel for Morgan Stanley’s businesses in Asia-Pacific and Japan.  In that role, he was responsible for anti-corruption legal advisory and implementing an enhanced anti-corruption compliance program in all Morgan Stanley-controlled businesses in the region. Prior to joining Morgan Stanley, Rob worked for Caterpillar’s legal division in Peoria, Illinois and Shanghai China.  While in Shanghai, Rob served as the legal advisor to several Caterpillar businesses in Asia and advised Caterpillar’s Asia-Pacific ethics and compliance council.  Rob began his career with the Washington, D.C. law firm Collier, Shannon, Rill & Scott, with a focus on international trade and antitrust litigation and compliance.  Rob holds a BA in History from Georgetown University and a JD from Georgetown University Law Center.  While at Georgetown Law, Rob was the editor-in-chief of Law and Policy in International Business.


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.


Tracey Cushing Gilliam is a Senior Vice President and Chief Counsel – Litigation for MetLife.  She joined the company on August 24, 2015.

In her position, Gilliam leads the Litigation Section of MetLife’s Legal Affairs Department, with responsibility for the management and oversight of litigation matters and processes the strategic management of litigation outcomes and risks, leadership, and public disclosure of MetLife’s key material litigation matters. She also serves as legal advisor to members of senior management and other business leaders across the Company.

Prior to joining MetLife, Gilliam served as Managing Director and Associate General Counsel at JPMorgan Chase & Co., with responsibility for leading the Collections Litigation Legal Group.  She also provided firm-wide legal support for JPMorgan Chase & Co.’s sworn documents program, as well as the Consumer & Community Banking business’s controls, compliance, risk management, and audit teams.

Gilliam joined JPMorgan Chase & Co. in 2000 and, from 2010 to 2012, was Special Counsel to the General Counsel. She was also previously a member of JPMorgan Chase & Co.’s Litigation Department, where she represented Investment Bank, Private Equity, and Retail Financial Services clients. Prior to joining JPMorgan Chase & Co., Gilliam was associated with Shearman & Sterling in New York.

Gilliam received a J.D. from Temple University School of Law in Philadelphia and received a B.A. in Religion from Dartmouth College in Hanover, New Hampshire.  She has been admitted to practice before the New York and Massachusetts State Bars, the District of Columbia Bar, the Federal District Court of Massachusetts, the Southern and Eastern Districts of New York, and the Court of Appeals for the Sixth Circuit.

She is a mediator in the New York Supreme Court, Commercial Division and volunteers as an arbitrator in the Small Claims Part of the Civil Court of the City of New York.  She is also a member of the New York Women’s Bar Association, and the National Association of Women Lawyers, served on the Leadership 35 Committee of the National Women’s Law Center, and is involved with the nonprofit organization Play Rugby USA.

Tracey and her husband Greg live in Westchester with their three children, Piper, Bailey and Sam.  Tracey is an avid hiker and skier, and enjoys Soul Cycle, running, and playing rugby once a year with her former teammates from the New York Rugby Club.


Amelia T.R. Starr is a partner in Davis Polk’s Litigation Department. Her practice focuses on a wide variety of commercial litigation, securities litigation, regulatory enforcement proceedings and insolvency matters.

Ms. Starr has represented a diverse array of financial institutions, including banks, private equity firms and hedge funds. She has a detailed knowledge of the funds industry, representing the largest fund managers on issues revolving around breach of contract, breaches of fiduciary duty, valuation disputes, trade allocation practices, securities and fraud claims, insider trading and other misconduct. Ms. Starr also frequently represents boards of directors, officers, and special committees in connection with their most crucial and complex litigations and investigations.

She has a deep experience in litigating her matters on the trial and appellate levels in both state and federal court. In the past two years, she has led several successful trial teams in the insolvency space and prevailed in an important securities law appeal in the Florida state court.

Ms. Starr received her J.D. from New York University School of Law and her B.A., summa cum laude, from Yale University.


Dr. Conroy is a Managing Director and Chair of NERA's Securities and Finance Practice. He specializes in the economic analysis of securities and finance issues. His work at NERA has included expert testimony and consulting involving securities fraud, mutual and hedge fund issues, exchange-traded fund disclosure and trading, securities lending, broker-dealer-related disputes, derivatives, swaps, and ERISA matters. He has also provided opinions on damages in bribery cases under the Foreign Corrupt Practices Act. Dr. Conroy has testified in US federal and state court, and has appeared at mediations and arbitrations.

Prior to joining NERA, Dr. Conroy was an economist at the US Securities and Exchange Commission (SEC) and developed new products for FolioInvesting, an online brokerage firm. While at the SEC, he conducted research on electronic communications networks, foreign securities, IPOs and underwriting, mutual funds, securities fraud, Social Security, broker/customer disputes, and market microstructure trading issues. While at FolioInvesting, he designed initial content and functionality, and developed new products relating to performance, tax-efficient trading, and margin.

Dr. Conroy has provided analysis for a variety of securities cases including United States v. Blankenship, Veleron Holding BV v. BNP Paribas SA, Securities and Exchange Commission v. Cuban, and U.S. v. Alcoa World Alumina LLC.


Geoff Ritts is a partner of Jones Day, resident in the Firm’s Cleveland office.  Geoff’s practice focuses on the defense of corporations, officers, and directors in securities, shareholder, and derivative litigation, in federal and state courts across the United States.  He also defends corporations in M&A disputes, ERISA litigation, and banking and accounting-related litigation and assists companies with internal investigations.  Chambers USA has described Geoff as "an excellent strategic thinker," and The Legal 500 US has called him a "strong all-round litigator."  Best Lawyers in America named Geoff its 2018 Lawyer of the Year for Securities Litigation in Cleveland.

Among recent engagements, Geoff represented a major bank holding company in numerous securities, derivative, and ERISA lawsuits arising out of the subprime mortgage crisis.  He represented an investment management firm in an MDL and related proceedings arising out of the Bernard Madoff scandal.  He represented a manufacturing company in securities litigation arising out of a terminated merger.  On numerous occasions, Geoff has assisted clients in winning dismissal of securities litigation complaints under the Private Securities Litigation Reform Act (PSLRA), or in winning dismissal of derivative complaints for failure of the plaintiff to make a pre-suit demand.  Representative clients in matters of public record include KeyCorp, Macy's, PNC Financial Services, U.S. Steel, Cardinal Health, Cooper Tire & Rubber, U.S. Bank, Steris, and Diebold.

Geoff is an adjunct professor at the Case Western Reserve University School of Law, where he teaches complex litigation.  Geoff coauthored a treatise on complex litigation in state courts (Statewide Coordinated Proceedings: State Court Analogues to the Federal MDL Process, West Group) and has written numerous articles on securities law, class actions, and legal ethics, in publications such as Litigation magazine, National Law Journal, Journal of Corporation Law, and Defense Law Journal.  Geoff has been invited to testify before the Ohio Legislature on class actions, and authored revisions to Ohio Rule of Civil Procedure 23 that were adopted by the Ohio Supreme Court in 2015.  He is a trustee of Notre Dame College and the Lake Erie Council of the Boy Scouts of America.


Ms. Sinderson is involved in a variety of the firm’s practice areas, including securities fraud, corporate governance, and advisory services.  She is currently leading the teams prosecuting securities class actions against FleetCor Technologies and Frontier Communications, as well as litigation arising from the failures of Wilmington Trust Corporation and SunEdison, Inc. 

Ms. Sinderson played a key role in two of the firm’s largest cases in its history, both of which settled near trial for billions of dollars on behalf of investors.  In In re Merck Securities Litigation, she was a member 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. 

Ms. Sinderson 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.  Most recently, she served as a senior member of the teams that recovered $210 million in In re Salix Pharmaceuticals, Ltd. Securities Litigation, and $74 million in the take-private merger litigation San Antonio Fire and Police Pension Fund et al v. Dole Food Co. et al.  She was also a member of the trial team that prosecuted the action against Washington Mutual, Inc. and certain of its former officers and directors for alleged fraudulent conduct in the thrift’s home lending operations.  The action resulted in a recovery of $208.5 million, the largest recovery ever achieved in a securities class action in the Western District of Washington.  Some of her other prominent prosecutions include the 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 for defrauded investors and represents the second largest recovery in any securities case involving a Canadian issuer.

In 2016, Ms. Sinderson was recognized as a national “Rising Star” by Law360 for her work in securities litigation and 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 is also regularly selected as a New York “Rising Star” by Super Lawyers.


With more than 25 years of experience, Jonathan Gardner leads one of the litigation teams at the Firm and prosecutes complex securities fraud cases on behalf of institutional investors. He has played an integral role in securing some of the largest class action recoveries against corporate offenders since the global financial crisis. Jonathan also serves as Chair of Litigation for the Firm.

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. Recently, 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. Jonathan also has 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; 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 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, and the case resulted in a recovery of $90 million for investors. Jonathan also represented the lead plaintiff 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. In representing the lead plaintiff in an action against Deutsche Bank, Jonathan secured a $32.5 million recovery for a class of investors injured by the bank's conduct in connection with certain residential mortgage-backed securities.

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 also represented the Successor Liquidating Trustee of Lipper Convertibles, a convertible bond hedge fund, in actions against the fund's former independent auditor and a member of the fund's general partner as well as numerous former limited partners who received excess distributions. He successfully recovered over $5.2 million for the Successor Liquidating Trustee from the limited partners and $29.9 million from the former auditor.

He 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. He graduated from American University and earned his J.D. from St. John’s University Law School.

 


With over twenty years of experience, Felipe J. Arroyo has successfully litigated high-profile shareholder derivative cases and securities fraud class actions against top executives of publicly-traded companies who participated in misconduct that includes stock option backdating, the global subprime meltdown, insider trading, misappropriation, and making materially false or misleading statements. The litigation teams led by Mr. Arroyo have recovered hundreds of millions of dollars for companies and shareholders—including some of the largest monetary recoveries in the history of shareholder litigation.

Prior to joining Robbins Arroyo LLP in 2006, Mr. Arroyo practiced complex commercial litigation for over a decade with a top tier international law firm headquartered in Los Angeles, where he represented a diverse client base of Fortune 500 companies in varied industries. He also served as general counsel to a fitness company where he prosecuted a global patent infringement litigation campaign, and practiced complex commercial litigation and securities fraud at the Washington DC offices of a global New York-based firm.

Mr. Arroyo frequently speaks on shareholder litigation and corporate governance topics to investor and legal communities. He is the Co-Chair of the Class Actions & Derivative Suits Subcommittee of the American Bar Association Section of Litigation, Securities Litigation Committee, and a former member of the Board of Governors of the Business Trial Lawyers of San Diego. While in Los Angeles, he directed a Trial Advocacy Prosecution Program, supervising, training, and advising attorneys on trial strategy and practice while they litigated misdemeanor jury trials pro bono for a municipal client. Mr. Arroyo earned his Juris Doctor from Yale Law School in 1992, where he served as a senior editor of Yale Law Journal and a director of Yale Moot Court of Appeals. He earned his Bachelor’s in Economics from the University of California, Los Angeles, where he was a member of the A.S.U.C.L.A Finance Committee.


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.


Amanda T. Perez received her J.D. from Yale Law School in 1998. After graduating from law school, Ms. Perez clerked for the Honorable Joseph Irenas in the United States District Court for the District of New Jersey.  Ms. Perez spent nine years practicing law at the New York office of Simpson Thacher & Bartlett LLP, and subsequently joined Schering-Plough Corporation (now Merck &  Co., Inc.) as a Senior Legal Director Ms. Perez is currently a Senior Corporate Counsel for Pfizer Inc. in New York City and is part of the civil litigation group. Ms. Perez is responsible for a diverse portfolio of litigations for Pfizer, including securities litigation, mass tort, product liability, consumer fraud and general commercial matters.