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New York-based litigation boutique Kasowitz Benson Torres LLP has insight into work for plaintiffs engaged in a range of securities-related litigation, including for hedge fund clients in opt-out actions. Stephen Tountas, one of many partners who also has experience representing defendants, is currently acting for Northwestern Mutual and The Boeing Company’s retirement system, among others, in a direct securities fraud action against Valeant Pharmaceuticals. A complex dispute, the mandate involved a pioneering legal strategy to pursue opt-out claims under the New Jersey RICO act. Name partner Marc Kasowitz is an acclaimed trial lawyer whose broad commercial litigation expertise included a considerable amount of securities-related work arising from the 2008 financial crisis, including work for monoline insurers. Sheron Korpus heads the team. Michael Hanin has departed the firm.
Legal 500 Editorial commentary
Key clients
- Carl Icahn
- MBIA Insurance
Work highlights
- Representing Icahn Enterprises, Newage Garden Grove, and more than ten additional CMBS investors and borrowers across the country in litigation alleging wrongful and predatory conduct by CMBS special servicers.
- Representing a group of noteholders in the multi-billion dollar National Collegiate Student Loan Trusts, including Angelo Gordon, Waterfall Asset Management, One William Street Capital Management, and Libremax Capital, in litigations nationwide concerning the management and control of the Trusts, and as interested parties in CFPB enforcement proceedings against the Trusts.