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Senior Investors: Litigation Trends and Regulatory Update


Speaker(s): Elizabeth M. Del Cid, Sharon A. O'Shaughnessy
Recorded on: Aug. 16, 2017
PLI Program #: 224384

Sharon O'Shaughnessy focuses her practice on white collar criminal litigation and regulatory enforcement defense. She has represented companies and individuals accused of business crimes, public corruption, securities law violations, and fraudulent practices by the U.S. Attorney’s Office, U.S. Securities and Exchange Commission, FINRA, and State Attorneys General. Ms. O’Shaughnessy is also experienced in complex commercial litigation and has represented numerous corporations and individuals in disputes involving business divorce, fraud, and other contractual issues. In 2017 and 2018, Ms. O’Shaughnessy was recognized as a New York "Rising Star" in the area of Criminal Defense: White Collar by Super Lawyers.

Since 2014, Ms. O’Shaughnessy has served as a Volunteer Attorney for the New York City Bar Association's Legal Clinic for the Homeless, providing advice, advocacy, and representation to residents of homeless shelters on a variety of matters related to state and federal public benefits, shelter placements, and domestic violence issues. Ms. O’Shaughnessy is also a Volunteer Attorney for the New York State Courts Access to Justice Program, dispensing legal advice to unrepresented litigants appearing in the New York State Courts. In 2017, Ms. O’Shaughnessy was recognized for her distinguished pro bono service to the New York State Courts Access to Justice Program at a ceremony hosted by the New York State Unified Court System Office for Justice Initiatives, New York State Bar Association, and New York County Lawyers’ Association.

Prior to attending law school, Ms. O’Shaughnessy worked as a Senior Case Manager at JAMS, which provided her with an extensive background in Alternative Dispute Resolution.

Ms. O’Shaughnessy is a Chair of Murphy & McGonigle’s Women’s Initiative, which strives to attract, retain, and champion top-flight female legal talent.  The Women’s Initiative hosts, sponsors, and participates in several efforts that advance the development of women in law.


Elizabeth Del Cid is a litigation attorney in the firm’s New York office. In close to a decade of practice, Ms. Del Cid has appeared before federal and state judges at the civil and criminal level, FINRA arbitrators, the SEC’s Enforcement Division, and administrative officers in California, New York, and Iowa. She has advised a myriad of clients, from major broker-dealers to government agencies to individuals from Latin America.

Ms. Del Cid has first chaired bench trials and second chaired jury trials involving multi-millions of dollars in alleged damages. She has litigated several cases where a brokerage firm was forced to deal with the aftermath of a rogue advisor’s Ponzi or cherry picking scheme. She has counseled executives from national and regional financial institutions and their registered salespersons about compliance and supervisory procedures concerning outside business activities, registered investment advisory services, and due diligence of TICs and other securities products. Ms. Del Cid also successfully advocated on behalf of an insurance agent in a five-year long, complex commercial dispute brought on behalf of the beneficiaries of a family trust, alleging conspiracy to violate RICO. She has defended insurance companies in ERISA actions as well.

Although she is an experienced trial attorney, Ms. Del Cid recognizes that not all cases should be resolved by evidentiary hearing. She is a skilled business negotiator and has reached settlements for substantially less than the cost of defense before even participating in mediation.

As a new attorney, Ms. Del Cid used to make policy and oversee its enforcement on behalf of California municipalities. She is a native Spanish speaker.

Education

J.D., Dean’s List, University of Minnesota Law School, 2006
B.A., English and History, cum laude, UCLA, 2004

Admissions

California
New York

Court Admissions

U.S. District Court, Central District of California
U.S. District Court, Eastern District of California
U.S. District Court, Northern District of California

Legal Experience

  • Murphy & McGonigle, PC, New York, New York, 2015 - present
  • Edgerton & Weaver, LLP, Los Angeles, California and New York, New York, 2010 - 2015
  • Burke, Williams & Sorensen, LLP, Los Angeles, California, 2007 - 2010
  • Judicial Extern, U.S. Court of Appeals, Eighth Circuit, the Honorable Nancy C. Dreher - 2006

Representative Speaking Engagements

  • Inter-American Bar Association, “Introduction to FINRA Securities Arbitration” Luncheon Series (moderator), New York, New York, February 5, 2016
  • AIG, “Financial Institutions Claims/Updates in the Securities Industry” CLE session (panelist), New York, New York, April 17, 2014
  • Professional Liability Attorney Network, “The Ins and Outs of FINRA’s Broker Expungement Process” webinar (panelist), Los Angeles, California, March 14, 2014

Publications

Personal Affiliations

  • SIFMA C&L Society – Future Leaders Event and Women’s Leadership Forum
  • Financial Women’s Association
  • Collaborative Bar Leadership Academy
  • Hispanic National Bar Association – Chicago 2016 Convention CLE Committee and Los Angeles 2008 Convention Committee