Mr Sheron Korpus > Kasowitz Benson Torres LLP > New York, United States > Lawyer Profile

The securities litigation practice at Kasowitz Benson Torres LLP in New York is ‘incredibly knowledgeable about the cases they work on but what sets them apart is the focus on resolution strategy’. Sheron Korpus, Michael Hanin and Stephen Tountas are the lead partners. Korpus and emerging partner talent Andrew Schwartz ‘work well as a team, Andrew having the detail at his fingertips whilst Sheron is able to focus on the strategy’. They negotiated a $420m settlement in a major securities class action and numerous direct actions for Teva Pharmaceuticals, the world’s largest generic drug manufacturer, which was accused of misleading disclosures regarding the pricing of its drugs. Highlights for Tountas include defending Prem Parameswaran, the former CFO of Eros Int’l, in connection with a putative securities class action arising from a series of alleged misrepresentations.

Kasowitz Benson Torres LLP are known for their involvement in large multidistrict and class action litigation, particularly in the pharmaceutical, food and beverage, and entertainment industries. Acting for defendants, as well as corporate plaintiffs, the firm’s client roster features names such as MLW Media and Teva Pharmaceuticals. The practice is jointly headed up by Hector Torres, who has significant experience in federal and state courts prosecuting antitrust and other commercial cases, and first-chair litigator and trial lawyer Sheron Korpus, who handles commercial, securities and antitrust disputes. All the mentioned attorneys are situated in New York.

New York-based Kasowitz Benson Torres LLP handle a steady stream of work from asset managers, hedge funds and private equity firms, also representing pharma, real estate and energy companies, as well as high net worth individuals. Marc Kasowitz leads a broadly experienced team of litigators: Sheron Korpus boasts over deep experience in the field, Jennifer Recine is noted by clients as highly effective, while Paul Burgo  and Kenneth R. David  both have extensive knowledge in corporate governance, commercial law, and securities law. UK qualified Rob Rathmell joined the firm’s Washington DC office in July 2022 from Serle Court, along with internationally experienced Jason Short in New York, who arrived in August 2022 from Kobre & Kim.

Kasowitz Benson Torres LLP in New York is one of few firms that handles both plaintiff and defense work in the securities litigation arena, giving it a rare perspective on what it takes to settle successfully resolve a case. It frequently handles bet-the-company matters on behalf of institutional investors such as hedge funds, international banks and foreign sovereigns, against major financial institutions. Renowned litigator Marc Kasowitz  ‘has a great reputation in securities litigation’ and continues to be involved in high-profile matters. A prime example is his work for MBIA Insurance Corporation in matters against RMBS securitization trusts concerning breaches of representations and warranties made by the sellers and loan originators with respect to defective mortgage loans pooled in these mortgage-backed securitizations. The other key partners in the practice are Sheron Korpus and Michael Hanin, who both acted for investors in Student National Collegiate Student Loan Trusts – securitizations of student loans worth more than $2bn – and Stephen Tountas who is leading the firm’s work for Public Employees’ Retirement System of the State of Mississippi against Valeant Pharmaceuticals, claiming that the company misled shareholders regarding its core business model and improperly accounted for the sales of certain unreported subsidiaries due to the ‘improper conduct’ of certain former officers.

Sheron Korpus – Kasowitz Benson Torres LLP