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Shearman & Sterling LLP

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

Jaculin Aaron

Work +1 212 848 4450
Shearman & Sterling LLP




United States: Dispute resolution

General commercial disputes

Within: General commercial disputes

Shearman & Sterling LLP excels in complex financial products litigation, though its client base extends beyond the financial services sector to include US and non-US companies in the healthcare, technology and automobile industries, among others. It also has experience representing high-ranking individuals. In a recent example, Adam Hakki and Jaculin Aaron represented former CEO and director of Providence Service Corporation Warren Rustand in shareholder derivative litigation. Deputy litigation head Richard Schwed has broad experience in state and federal courts and arbitration. Above-named partners are located in New York, which is the firm’s main base. In Washington DC, the firm hired several commercial and antitrust litigation specialists including Ryan Shores from Hunton Andrews Kurth LLP. Daniel Laguardia is a key contact in San Francisco.

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M&A litigation: defense

Within: M&A litigation: defense

The mergers and acquisitions litigation practice at Shearman & Sterling LLP in New York regularly acts for corporates and investment banks in high-stakes transactions litigation. Global head of litigation Adam Hakki oversees a team with standout practitioners such as Alan Goudiss and Jaculin Aaron, who both played a key role in securing an appellate victory for Daimler AG in a dispute with Chrysler executives. Goudiss also represented Merrill Lynch in a purported class action arising from the merger of HTI - for which the bank was financial adviser - with entities owned by TDK Corporation. All claims were dismissed and the merger was completed. A highlight for Hakki and Aaron was their work for former Providence Service Corporation CEO Warren Rustand in settling breach of fiduciary duty claims. Rising star K. Mallory Brennan is now a partner.

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Securities litigation: defense

Within: Securities litigation: defense

Shearman & Sterling LLPprovides excellent advice and is always thoughtful and commercial in its approach to problems’. Clients describe it as ‘a leading firm for IPO cases and for representing underwriters’. New York-based head of litigation Adam Hakki is ‘superb, extremely responsive and benefits from superlative judgment’. Alongside rising star Daniel Lewis, he represented Countrywide in dozens of high-profile cases relating to RMBS transactions. Joseph Frank and up-and-coming partner Agnès Dunogué recently secured victories in RMBS cases for Nomura when the New York Court of Appeals barred claims for damages, and for Barclays when an appellate decision extinguished more than $422m in securities claims brought by the Federal Home Loan Bank of Seattle. Hakki and San Francisco-based Patrick Robbins also represented underwriters of the Alibaba IPO in securities litigation alleging that offering documents were misleading. Jaculin Aaron regularly acts for underwriters and her highlights included Ho v Duoyuan Global Water, Inc. Stuart Baskin and Brian Polovoy, who advised Ruby Tuesday in a class action in Tennessee, are also highly rated.

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