Jonathan L. Frank joined Skadden in 1999 after years as an executive assistant district attorney, special prosecutor and homicide prosecutor in Brooklyn, N.Y. As a prosecutor, Mr. Frank successfully tried numerous high-profile murder cases and was nationally recognized for his work.
Mr. Frank, likewise, has been nationally recognized for his commercial litigation work at Skadden, being listed in Chambers USA: America’s Leading Lawyers For Business where he is described as “wicked smart.” He also is named as a Leading Lawyer in the Legal 500 U.S. His practice at Skadden is focused on a variety of complex commercial disputes, including real estate, bankruptcy and securities litigations, as well as related white collar criminal matters, emphasizing the creation and execution of litigation strategies and tactics; trial, international and U.S. arbitral proceedings; the assessment of claims; and settlement negotiations. He has acted as counsel in numerous high-profile business litigations and arbitrations.
Among other matters, Mr. Frank co-led the bankruptcy trial team that successfully secured a complete victory on behalf of NextEra Energy, Inc. against the Adelphia Recovery Trust in the U.S. Bankruptcy Court against fraudulent transfer action, and then secured an affirmance, based on a de novo review, in the Southern District Court of New York. Employing a novel argument that combined analysis of two traditionally independent concepts — solvency and access to capital — the team convinced both courts that the plaintiff failed to carry its burden of establishing that Adelphia was insolvent or would have been unable to raise adequate financing to continue its operations at the time of the alleged fraudulent transfer, notwithstanding the undisputed facts that Adelphia (i) had committed $400 million of financial fraud; (ii) exceeded the permissible leverage ratios in its loan documents; and (iii) had no unencumbered assets.
Mr. Frank was a lead member of the trial team that won a defendant’s verdict on all claims in favor of DaimlerChrysler AG against Tracinda Corporation, owned by Kirk Kerkorian. The trial in the U.S. District Court of Delaware involved securities fraud claims of more than $1 billion, making it the largest securities case ever tried in federal court. The National Law Journal awarded the team the “2005 Top Defense Win of the Year.”