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Shearman & Sterling LLP

Work +1 212 848 4000
Fax +1 212 848 7179

Adam Hakki

Work +1 212 848 4924
Shearman & Sterling LLP




United States: Antitrust


Within: Cartel

Shearman & Sterling LLP has strong capabilities in federal grand jury and European investigations, and has expertise in the full range of the most serious anti-competitive practices, including price-fixing, bid-rigging and group boycotts. In New York, Adam Hakki, Richard Schwed and of counsel Wayne Dale Collins are names to note, as is San Francisco-based John Cove. The firm’s notable client roster includes names such as Barclays and JTEKT. Beau Buffier left the firm to lead the Antitrust Bureau at the office of the New York State Attorney General. Heather Kafele moved to Winston & Strawn LLP in March 2017.

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Civil litigation/class actions

Within: Civil litigation/class actions

Shearman & Sterling LLP has a particularly strong reputation in financial services antitrust litigation and has been at the forefront of class actions arising from a multitude of global investigations into the industry. Current work includes representing BNP Paribas and Mizuho Securities USA as defendants in class actions brought against more than 20 primary dealers, in which it is alleged that they conspired to manipulate the market for US Treasury securities and related financial products. In another matter, global litigation head Adam Hakki, Richard Schwed and Jeffrey Resetarits (all based in New York) are acting for Bank of America in putative class actions involving price-fixing of SSA bonds. Other clients include Barclays, Citigroup and Nomura. John Cove, who joined the firm’s San Francisco office in 2016 from Boies Schiller Flexner LLP, has previous experience as a trial attorney at the DOJ. Former co-head of the global antitrust practice Beau Buffier left to become chief of the New York State Attorney General’s Antitrust Bureau. Stephen Hibbard moved to Jones Day.

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense

Within: Corporate investigations and white-collar criminal defense

Shearman & Sterling LLP advises Volvo on anti-corruption compliance, internal and government investigations and related civil litigation, and the firm advised GlaxoSmithKline on a criminal bribery investigation in China. For Morgan Stanley, the firm negotiated a settlement following state and federal investigations into the sale and marketing of RMBS. Other clients include Citigroup and Sociedad Quimica y Minera. New York’s Adam Hakki heads the litigation department and the white-collar practice is led by Stephen Fishbein in New York and Patrick Robbins in Washington DC. Also in New York is John Nathanson, while the Washington DC office also houses Philip Urofsky and Mark Lanpher.

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General commercial disputes

Within: General commercial disputes

The ‘forward-thinking’ and ‘proactive’ litigation department at Shearman & Sterling LLP acts for domestic and international companies in litigation and arbitration, and is well versed in cases with a cross-border element. Financial products disputes are a sweet spot, though the team’s recent caseload spans multiple industries and fields of law. 2016 saw a number of victories; among them Stuart Baskin and Brian Polovoy securing a win for Volaris in a RICO action brought by Mexican nationals in the Southern District of Georgia. Daniel Laguardia is ‘outstanding in every respect’. Adam Hakki and Richard Schwed co-head the department from New York, where the majority of the team is based.

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International litigation

Within: International litigation

Shearman & Sterling LLP’s ‘forward-thinking’ team advises international and multinational corporations and financial institutions on high-profile and sensitive disputes, including complex litigation, investigations and enforcement matters. The team also has a leading China securities litigation practice. The team achieved an appellate victory for Daimler and CEO Dieter Zetsche in a retirement benefit and age discrimination dispute. It is also advising Citigroup on an internal investigation and on US regulatory and enforcement matters regarding a $400m fraud against Citigroup’s Mexican unit, Banamex. It is also representing multiple financial institutions in Libor and other rate-setting disputes. In New York, global head of litigation Adam Hakki and deputy head of the litigation department Richard Schwed are recommended and Paula Anderson is ‘adept at international disputes’. John Cove joined the team in San Francisco from Boies Schiller Flexner LLP.

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M&A: litigation: defense

Within: M&A: litigation: defense

Shearman & Sterling LLP is ‘very responsive and has high subject matter expertise along with real-world, practical experience’, including in recent high-profile matters. For Merrill Lynch, the firm secured a victory in an aiding and abetting case arising from Signet’s acquisition of Zale Corporation; New York’s Alan Goudiss and Paula Anderson led a team that achieved dismissal based on the shareholder vote. Goudiss is also representing Merrill Lynch in a class action related to the merger of Hutchison Technology and TDK Corporation. Highly respected litigator and global head of litigation Adam Hakki and Jaculin Aaron are representing former CEO of Providence Service Corporation in a Delaware derivative and class litigation alleging breach of fiduciary duty in financing transactions intended to consummate a pending acquisition. John Cove joined in San Francisco from Boies Schiller Flexner LLP.

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Securities litigation: defense

Within: Leading lawyers

Adam Hakki - Shearman & Sterling LLP

Within: Securities litigation: defense

Equally at home in securities litigation or government investigations’, the team at Shearman & Sterling LLPworks hard to deliver top-notch work and an extraordinary level of customer service’. The firm has ‘a dynamic young group of lawyers led by senior statesmen’ and has developed a strong client base among accounting firms and Wall Street banks. New York-based head of litigation Adam Hakki, Daniel Lewis and San Francisco-based Patrick Robbins are representing underwriters of SunEdison and TerraForm Global securities in class actions alleging failure to disclose liquidity problems. Hakki and Lewis also secured an appellate victory for Credit Suisse and Jefferies in In re Tremor Video Securities Litigation. Hakki and Agnès Dunogué won for Barclays and Citigroup in cases arising from the IPO of Nationstar Mortgage Holdings, and for Credit Suisse and Citigroup in a class action regarding Endocyte’s IPO. The firm continued to play a key role in MBS and Libor-related matters. Clients praise Jaculin Aaron, Stuart Baskin and Brian Polovoy, who ‘has a great way of explaining the issues’.

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