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Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Email:
Web:
www.shearman.com

Adam Hakki

Tel:
Work +1 212 848 4924
Email:
Shearman & Sterling LLP

Position

Partner

Career

www.shearman.com/ahakki/


United States: Antitrust

Cartel

Within: Cartel

Shearman & Sterling LLP's Djordje Petkoski, David Higbee and Ryan Shores in Washington DC are currently acting for major Japanese manufacturer Rubycon in a criminal DOJ investigation and associated civil and class action lawsuits. The firm has strong expertise in the financial sector, and New York partner Adam Hakki looks after clients such as Bank of America Merrill Lynch, BNP Paribas and Barclays; he is currently advising a leading financial institution on DOJ investigations into the equity trading market. On the West Coast, San Francisco-based Patrick Robbins is representing senior executives within foreign manufacturing companies in separate criminal DOJ investigations into alleged price-fixing practices in the technology and automotive sectors. Also notable are Washington's Todd Stenerson and New York's Jessica Delbaum, who are currently handling sensitive matters pertaining to 'no-poach' agreements and anti-competitive practices in the generic drugs space.

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Civil litigation/class actions: defense

Within: Civil litigation/class actions: defense

The antitrust lawyers at Shearman & Sterling LLP are 'very practical, business-focused and all have excellent knowledge of the law'. The firm's client roster includes numerous household names in the financial sector and elsewhere. In a recent highlight, New York-based Adam Hakki has been acting for Bank of America as one of eight defendants in a class action claiming the group of financial institutions conspired to manipulate the London silver fix and fix the price of silver. On the manufacturing side, Djordje Petkoski, David Higbee, Ryan Shores and San Francisco's John Cove continue to advise Japanese manufacturer Rubycon in a DOJ criminal investigations as well as series of associated civil claims. Other key clients include Bank of Montreal, Bank of Nova Scotia, Equinor and Mizuho Securities. Ben Gris recently joined the team from the FTC. Named individuals are based in Washington DC unless otherwise stated.

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense

Within: Corporate investigations and white-collar criminal defense

Matters pertaining to the financial services industry constitute the core competency of the group at Shearman & Sterling LLP, which has substantial expertise in financial, securities and antitrust regulation. In a particular highlight, New York's Stuart Baskin and San Francisco's Patrick Robbins are acting as counsel to the independent directors of Wells Fargo in connection with an independent investigation into the bank's retail sales practices. In another key matter, Baskin and Stephen Fishbein (also based in New York) are assisting Citigroup with an internal investigation connected with US regulatory and enforcement inquiries into a $400m fraud perpetrated against the bank's Mexican unit. In terms of individual representations, the group is defending the former CFO of Logitech in a contested SEC enforcement action concerning alleged accounting irregularities. Adam Hakki, who jointly chairs the group alongside Fishbein and Robbins, is another practitioner to note.

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Financial services litigation

Within: Financial services litigation

Drawing upon expertise from within the firm's market-leading securities litigation team, as well as its broader commercial disputes and financial services regulatory offering, Shearman & Sterling LLP's multi-disciplinary New York-based group is involved in a significant amount of high-profile defendant work for an impressive roster of domestic and international investment banks, including BNP Paribas, Barclays, Goldman Sachs and Credit Suisse. Able to co-mingle its strong antitrust offering with securities litigation expertise, the firm has been involved in a plethora of financial services-related market manipulation matters. Adam Hakki and Richard Schwed continue to represent Bank of America in a slew of these cases, including as a defendant in separate class actions relating to the bank's alleged role in fixing prices relating to US dollar-denominated sovereign, supranational and agency bonds and the ISDAfix benchmark rate. Hakki has also taken the lead on the firm's ongoing work for Countrywide Financial in numerous MBS cases. As well as his work for underwriters as defendants in securities litigation, Daniel Lewis has also been a key member the team defending Countrywide against RMBS claims. Agnès Dunogué and Matthew Craner are also recommended.

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General commercial disputes

Within: General commercial disputes

Shearman & Sterling LLP excels in financial services and commercial litigation making it a popular choice for leading financial institutions. The litigation practice extends beyond the US, with the team often handling cross-border matters and representing international companies. In recent work for Citigroup, the firm secured the dismissal of malicious prosecution, breach of contract and fraud claims filed in the Southern District of New York by Mexican company Oceanografía and its former CEO; Adam Hakki and Daniel Lewis were among the lead attorneys. In another highlight, Stuart Baskin and Jaculin Aaron secured the dismissal of a class and derivative action against client Viacom in the Delaware Court of Chancery. Richard Schwed is the global litigation practice group leader; other names to note include Paula Howell Anderson and Jeffrey Resetarits, both of whom have extensive complex commercial litigation experience.

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International litigation

Within: International litigation

Shearman & Sterling LLP's 'impressive' client base spans multinational corporations and financial institutions on high-profile, and often cross-border matters including global investigations, Foreign Corrupt Practices Act (FCPA) matters and US-based litigation involving non-US entities. Global practice head Adam Hakki and deputy head of the litigation department Richard Schwed are both recommended for their expertise in securities class actions and banking litigation. In Washington DC, Christopher Ryan is acting for Yukos Oil Company in the enforcement of $50bn of arbitral awards from the Russian Federation after its expropriation of investments in the client. Other contacts include Henry Weisburg, who is noted for his expertise in cross-border financial disputes, and rising star Paula Anderson. All named individuals are based in New York unless otherwise stated.

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M&A litigation: defense

Within: M&A litigation: defense

Shearman & Sterling LLP in New York is a prominent firm in the representation of financial institutions in deal-related litigation. It has a steady flow of post-closing cases, including representation of Daimler and its CEO in cases brought by former Chrysler executives claiming the company was liable for retirement benefits lost in Chrysler's bankruptcy following its divestiture from Daimler and subsequent sale to Cerberus. The US Supreme Court denied a petition for certiorari seeking review of the dismissal of the claims. The key partners are Alan Goudiss, Paula Anderson and K. Mallory Brennan, and clients describe Anderson as 'extremely helpful in working through the issues of a case and helping clients see the points objectively; her advice is measured, balance and timely'. Goudiss and Brennan acted for CVS in matters arising from its $69bn acquisition of Aetna. Global managing partner and head of litigation Adam Hakki, who defended a former CEO of Providence Service Corporation in shareholder derivative and class litigation in Delaware, is also recommended.

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Securities litigation - defense

Within: Leading lawyers

Adam Hakki - Shearman & Sterling LLP

Within: Securities litigation - defense

Shearman & Sterling LLP in New York has a securities litigation, investigation and enforcement practice that frequently represents US and non-US financial institutions, corporations, boards of directors, special committees, and individuals in high-stakes matters. Global managing partner and head of litigation Adam Hakki also co-chairs the securities and litigation and enforcement practice. Hakki and Patrick Robbins in San Francisco acted for the underwriters of SunEdison and TerraForm Global in multiple individual and class action lawsuits arising from SunEdison's bankruptcy, alleging 33 Act violations including failure to accurately disclose liquidity issues in the offering of securities. The case was partially dismissed in early 2018. The firm's deep bench of talent in New York includes Richard Schwed, who, with Hakki, secured the dismissal with prejudice of claims against Bank of America and other banks accused of manipulating the pricing benchmark for silver in London. Up-and-coming partner Agnès Dunogué is also recommended. Lyle Roberts, who handles litigation and regulatory enforcement actions, joined the Washington DC office from Cooley LLP.

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