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.
Amanda Vaughn is Deputy General Counsel, responsible for all of Bank of America’s non-employment related litigation globally. Amanda manages a department of over 100 attorneys and other professionals. Prior to October 2017, Amanda led a team of lawyers handling securities and commercial litigation, antitrust litigation, bankruptcy and mortgage related litigation. In that role, Amanda was directly involved in the litigation related to the financial crisis, including class actions and other lawsuits filed by institutional investors, trusts and governmental entities.
Amanda joined Bank of America in 2006 from Davis Polk & Wardwell where she worked on internal investigations, regulatory enforcement actions, and commercial and securities litigation. Prior to joining Davis Polk, Amanda served as a law clerk to a federal district court judge in Philadelphia. She is a member of the board of NYC Outward Bound Schools. She is a graduate of the University of Michigan and Vanderbilt Law School, where she was a member of the Vanderbilt Law Review and the Order of the Coif.
Barry M. Kaplan is the head of the Northwest litigation group of Wilson Sonsini Goodrich & Rosati. Barry has broad experience in securities and corporate governance litigation, class action defense, SEC and internal corporate investigations, and complex commercial litigation. He was described in the 2017 edition of Chambers USA: America’s Leading Lawyers for Business as “the dean of securities litigation in Seattle.”
For 30 years, Barry has represented many of the public companies and individuals sued in shareholder class actions and related corporate litigation both in the Northwest and across the country, including The Boeing Company, Micron Technology, Sterling Financial Corporation, Alaska Air, Starbucks, Costco, and Coinstar. Barry was lead counsel for the former CEO of Washington Mutual, Inc. in the various shareholder lawsuits and related litigation that followed the seizure and sale of WaMu to JPMorgan Chase. He has special expertise in representing public biotech companies around the country and, among others, has represented Immunex, Dendreon, Inspire Pharmaceuticals, Pozen, Chelsea Therapeutics, Atossa Genetics, Seattle Genetics, Novan, Globus Medical and Cell Therapeutics.
Barry is a frequent writer and speaker on securities litigation and corporate law and governance topics, and teaches a course on securities and shareholder litigation at the University of Washington School of Law. Along with partner Greg Watts, Barry is the author of “Directors’ and Officers’ Liability, 3rd Edition” published by PLI. He also co-authored the leading treatise on Washington corporate law, published by LexisNexis.
Best Lawyers in America named Barry the 2012 Securities Litigator of the Year for Seattle—the first time that this recognition had been given to a Seattle securities litigator. He was again given this honor in 2016.
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.
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
Linton Mann III is a Partner in the Firm’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 the Firm’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.” He was named a Rising Star by the New York Law Journal and Law360, and 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 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.
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.
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.
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.
Seth Aronson defends corporations and their directors, officers, and professionals in securities class actions, shareholder derivative actions, SEC enforcement proceedings, RICO, and mergers and acquisitions litigation. Seth is nationally recognized in securities litigation and was recently named Los Angeles “Lawyer of the Year” for the second time (The Best Lawyers in America, 2013 and 2018).
Seth served as firmwide chair of the Securities Litigation practice from 2002-11 and as the managing partner of O’Melveny’s Los Angeles office from 2000-08.
From the trial court to the court of appeals to the US Supreme Court, many of the world’s leading companies in a variety of industries call on Seth to handle their most complex litigation, including Lockheed Martin, Skechers USA, Broadcom, E-commerce China Dangdang, Montage Technology Group, and Giant Interactive.
Seth recently argued and won a US Supreme Court victory for China Agritech in a much-watched securities litigation case, obtaining a unanimous Court decision that significantly narrows the tolling provisions established decades ago in the Court’s landmark American Pipe decision. This victory will have a wide-ranging impact on securities litigation and on class actions generally. China Agritech v. Resh, 2018 WL 2767565 (decided June 11, 2018).
Seth is recognized as a “phenomenal” securities litigator by Chambers USA (Band 1, California), owing to his “strong record of defending … shareholder class actions and derivative lawsuits” and “stellar reputation” as a “go-to person and a strong advocate.” He has been recognized by Best Lawyers in America (2006-17) in four categories: Bet-the-Company Litigation, Commercial Litigation, Litigation - Regulatory Enforcement (SEC, Telecom, Energy), and Litigation - Securities.
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.
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, Brad 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.”
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. In 2020, Brad authored three op-eds concerning responses to the coronavirus pandemic: “We Need Obama, Bush and Clinton to Beat the Coronavirus” (March 2020, The American Lawyer); “The Legal Community Must Protect Workers and Small Businesses From Coronavirus Fallout” (March 2020, The American Lawyer); and “Protecting the Rule of Law in Times of Coronavirus” (April 2020, Bloomberg International). 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.
By any standard, David Kessler is a worldwide leader in securities litigation. His reputation and track record earn instant credibility with judges and bring opponents to the bargaining table in complex, high-stakes class actions. David has been recognized for excellence by publications including Benchmark Plaintiff and Law Dragon.
As co-head of Kessler Topaz Meltzer & Check’s securities litigation practice, David has led several of the largest class actions ever brought under the federal securities laws and the Private Securities Litigation Reform Act of 1995. Since the financial crisis began in 2008, he has helped recover well over $5 billion for clients and class members who invested in financial companies such as Wachovia, Bank of America, Citigroup and Lehman Brothers. Prior to 2008, David guided some of the largest cases both in size—including allegations of a massive scandal regarding the unfair allocation of IPO shares by more than 300 public companies—and in notoriety—including the Tyco fraud and mismanagement litigation that resolved for over $3 billion.
David brings his background as a certified public accountant to bear in actions involving complex loss causation issues and damages arising from losses in public offerings, open market purchases, and mergers and acquisitions. As head of the firm’s settlement department, David also has extensive experience in mediation, settlements, claims administration and distributions.A sought-after lecturer on securities litigation issues, David has been invited to speak by plaintiffs’ firms, defense firms, mediators and insurance carriers on a variety of topics related to securities class actions. He also assisted in authoring a chapter on mediations in a publication authored by a federal mediator.
Dr. Conroy, Managing Director in NERA’s Securities and Finance Practice, specializes in economic analysis of securities and finance issues. Dr. Conroy has provided evidence in US federal district and state court proceedings, and in European, Asian, and Latin American venues. In addition, he has provided opinions at various arbitrations and mediations.
His securities and finance-related work at NERA is focused on providing expert testimony and consulting involving securities trading, corporate finance, EFTs and mutual/hedge funds, securities lending, securities fraud, derivatives, leases, swaps, FX, ADRs, private equity, and FCPA matters. Examples of Dr. Conroy’s notable engagements include: United States v. Blankenship; Veleron Holding, B.V. v. BNP Paribas SA; Securities and Exchange Commission v. Cuban; and U.S. v. Alcoa World Alumina LLC.
Dr. Conroy served as Chair of NERA’s Securities and Finance Practice for a six-year term. Prior to joining the firm, Dr. Conroy was an economist at the US Securities and Exchange Commission where he conducted research on ECNs, foreign securities, IPOs, underwriting, mutual funds, and securities fraud, and provided support for policy areas such as market microstructure and market regulation. Previously, he was a product manager at the fintech online broker Folio Investing where he designed content and developed new functionality.
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 K. Youngwood is Co-Chair of the Firm’s Litigation Department. For more than 20 years, Jon has represented financial institutions, corporations, executives and boards of directors in a wide range of high-profile litigations, arbitrations and regulatory investigations. His practice focuses on matters involving securities, antitrust and ERISA law as well as M&A litigation.
In 2017, Jon was the recipient of the “Securities Lawyer of the Year” award by Euromoney’s Benchmark Litigation, an award that recognizes the country’s leading litigators, and was also honored as a “Distinguished Leader” by the New York Law Journal. Chambers and Partners consistently recognizes Jon as a leading securities litigator, describing him as a “very well-respected lawyer with a tremendous reputation, and is very good in the courtroom”; “the best lawyer on his feet - he is incredibly comfortable before judges and panels”; a “smart, focused and creative lawyer who brings the required intensity to the job.” Chambers also recognizes him as “a detail-oriented litigator with the ability to get to the nub of an issue” who “has extensive securities knowledge” and “flair for written work and oral advocacy.” 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.” Jon has also been recognized by Benchmark Litigation as a “Top 10 Nationwide Securities Star”; and is consistently recognized as a national and New York “Litigation Star” in Securities 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.
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.
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.
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.
Kieran P. Hughes is Vice President of Financial Lines Claims at AIG. In this role, he is responsible for supervising and handling Directors & Officers Liability Claims for National Accounts including global claims. This oversight includes shareholder class actions, collective actions including securities cases, derivative cases, M&A and employment practices liability claims. Kieran joined AIG in 2003 and has served in positions of increasing responsibility during his tenure. Prior to joining AIG, Kieran spent 17 years practicing law, during which time he earned the designation of Certified Civil Trial Attorney. He also served a judicial clerkship in the Superior Court of New Jersey. Kieran holds B.A. degrees in Journalism, English Literature and Political Science from Rutgers University and a J.D. from Seton Hall University. He is a frequent speaker on a variety of topics but most prominently Directors & Officers Liability, D&O Trends & Developments, Mergers & Acquisitions, Current Trends, Issues and Significant Developments in Employment Law, Social Media, Customer Service and Public Speaking.