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Shearman & Sterling LLP

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

Paula Anderson

Work +1 212 848 7727
Shearman & Sterling LLP

Work Department



United States: Dispute resolution

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: Next generation lawyers

Paula Anderson - Shearman & Sterling LLP

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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