Mr Stephen Fishbein > Shearman & Sterling LLP > New York, United States > Lawyer Profile

Shearman & Sterling LLP
599 LEXINGTON AVENUE
NEW YORK, NY 10022-6069
NEW YORK
United States
Stephen Fishbein photo

Work Department

Litigation

Position

Partner in the Litigation practice and Chair of the Criminal and Enforcement group

Career

Stephen Fishbein is a partner in the Litigation practice and Chair of the Criminal and Enforcement group. Stephen is an accomplished trial lawyer whose achievements in recent years include successful representations of defendants in criminal insider trading trials and a $44 million plaintiff’s jury verdict in a trade secrets misappropriation case. Stephen also has deep experience in compliance and internal investigations, including his appointment by the U.S. Department of Justice and the U.S. Securities and Exchange Commission as the independent compliance monitor for Baker Hughes, Inc. in what was then the largest FCPA case on record.

Stephen has represented individuals and companies in a wide range of criminal matters, with a particular emphasis on white collar and financial crimes such as securities fraud. Stephen was trial and appellate counsel to Todd Newman in the landmark United States v. Newman insider trading case where he obtained a complete exoneration of his client in a decision from the Second Circuit Court of Appeals that established high standards for charging insider trading offenses. Stephen also represents Chris Worrall in the United States v. Blaszczak insider trading case, where he obtained acquittals at trial on 14 of 16 counts and is currently pursuing an appeal. Stephen’s criminal representations also include complex multinational investigations, for example his representation of Citigroup in the Banamex/Oceanografia fraud matter, his representation of Bilfinger SE in its FCPA investigations and deferred prosecution agreement with the DOJ, and serving as the DOJ and SEC appointed independent compliance matter for Baker Hughes, Inc.

Stephen’s civil litigation practice includes all types of commercial disputes, with a focus on breach of contract and trade secrets matters. Stephen recently obtained a $44 million jury verdict for his client SS&C Technologies, Inc. in a trial in Cook County, Illinois alleging theft of trade secrets, and has successfully obtained temporary restraining orders and preliminary injunctions in courts around the country in other trade secrets matters. Other commercial trial and arbitration experience includes defense verdicts in several contract disputes for German automotive company Continental AG, and defense judgments in licensing/affiliation agreement cases for NBC and Viacom.

Stephen is also active in the antitrust area in both criminal and civil litigation. Stephen has represented companies and individuals in the largest price-fixing investigations in recent years, including BASF AG in the vitamins cartel case; Cargolux Airlines International in the air cargo cartel case; and several companies and executives in the automotive parts cartel cases. On the civil side, Stephen represented Syngenta Seeds in a lawsuit against Monsanto for anticompetitive conduct with respect to GMO seeds, and he represents 1-800 Contacts in a Federal Trade Commission proceeding and parallel class action alleging improper agreements to refrain from paid internet search advertising triggered by competitors’ trademarks.

Prior to joining Shearman & Sterling, Stephen was an Assistant United States Attorney in the Southern District of New York from 1988 to 1993, specializing in prosecutions of bank fraud and computer fraud. He attended Yale Law School (class of 1987) and served as a law clerk to the Honorable Jon O. Newman, Second Circuit Court of Appeals. Stephen has been recognized and lauded by many legal publications for his successes and dedication to his clients.

Memberships

New York

Courts

United States District Court for the Southern District of New York

United States District Court for the Eastern District of New York

United States District Court for the Western District of New York

United States Court of Appeals for the Second Circuit

United States Court of Appeals for the Third Circuit

United States Court of Appeals – District of Columbia Circuit

United States Supreme Court

Education

Yale Law School

J.D.

    • Editor, Yale Law Journal
Dartmouth College

A.B., summa cum laude

Lawyer Rankings

United States > Dispute resolution > Corporate investigations and white-collar criminal defense

(Leading lawyers: Corporate investigations and white-collar criminal defense: advice to corporates)

Stephen FishbeinShearman & Sterling LLP

Shearman & Sterling LLP fields a team that consists of former enforcement attorneys and federal prosecutors. Experienced in financial, securities and antitrust regulation, the practice is well positioned to handle parallel investigations by enforcement agencies and federal regulators including the SEC and DOJ. Trial lawyer Stephen Fishbein and managing partner Adam Hakki, both based in the firm’s New York office, lead the practice jointly with Patrick Robbins in San Francisco, whose areas of focus include foreign corrupt practices, accounting and securities fraud as well as insider trading. Also in New York, John Nathanson represents companies and individuals in internal investigations and civil securities litigation, while Katherine Stoller is a key contact for allegations of financial crime.

United States > Dispute resolution > International litigation

With a strong background in the financial services sector, Shearman & Sterling LLP has experience representing major US and non-US financial institutions in securities and antitrust litigation, particularly class actions, as well as regulatory investigations. The practice is led by Adam Hakki and Stephen Fishbein based in New York, and Patrick Robbins in San Francisco. Hakki is renowed for his expertise in securities litigation, acting for many of the firm’s major clients including Bank of America, Credit Suisse and Morgan Stanley. He is also experienced advising underwriting syndicates of IPOs in securities class actions as well as representing banks in trading market class actions. Brian Burke, based in New York and Shanghai, is another key name to note, concentrating on regulatory investigations across the Asia Pacific region, particularly advising multinationals with operations in China in matters relating to the FCPA, anti-money laundering, economic sanctions and antitrust. Jerry Fortinsky, also based in New York, shares this focus in Asia and leads the China securities litigation practice where he frequently defends shareholder lawsuits against US-listed Chinese companies. Katherine Stoller is a prominent player in white collar defense and internal investigations relating to securities and accounting fraud, as well as insider trading and money laundering, noted for her engagement with Danske Banke in investigations by both the DOJ and the SEC along with European regulatory authorities into money laundering and securities fraud.

United States > Antitrust > Civil litigation/class actions: defense

Shearman & Sterling LLP is particularly known for its strength in handling antitrust litigation in the financial services sector, also regularly advising in civil matters relating to price-fixing, group boycott and monopolization claims in the aviation and technology sectors. Situated in Washington DC, global antitrust practice leader, David Higbee, has recently represented clients in civil lawsuits including class actions and government investigations. Also heading up the team is Adam Hakki in New York, who has had significant involvement in representing clients such as BNP Paribas in trading market class actions and Patrick Robbins who is located in San Francisco. Richard Schwed represents financial institutions in class actions and private litigation including jury trials and operates in NY.  Other attorneys to note include Stephen Fishbein in New York for his experience in civil litigation concerning monopolisation claims and DC-based litigator Todd Stenerson. Ryan Shores has left the firm.