The Securities Litigation practice at Kasowitz LLP is well positioned to advise both plaintiffs and defendants, representing clients in securities fraud cases and class action opt-out matters. The practice group is co-led by experienced litigators based in New York, Sheron Korpus and Stephen Tountas who focus on securities fraud class actions. Marc Kasowitz handles a range of complex securities litigation matters, while Andrew Schwartz represents institutional investors including sovereign wealth funds, banks and hedge funds. Michael Hanin departed the firm in March 2025.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Key clients
- MBIA Insurance
- Gotham Asset Management
- Royal Bank of Canada
- Federal National Mortgage Association (“Fannie Mae”)
- Teva Pharmaceuticals
- Public Employees’ Retirement System of Mississippi
- Federal Housing Finance Agency
- MF Global
- Pilgrim’s Pride
- ACA Financial Guaranty
- UniCredit Bank
- Axon Capital
Work highlights
Pursuing direct securities fraud claims arising from Valeant’s improper accounting and billions of dollars of fraud-related losses. Kasowitz confidentially resolved the claims that were asserted by the public pension plan due to, in part, our unique winning legal strategy to pursue opt-out claims under the N.J. RICO Act.
Representing an ad hoc group of bondholders of Legacy Cares, including The Vanguard Group, Macquarie, AllianceBernstein, and PIMCO in a civil fraud action against the underwriter of two municipal bond offerings and other third parties.
Defeated IMC Financial Markets, Clear Street Markets LLC, and UBS Securities’ motion to dismiss its market manipulation lawsuit.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Sheron Korpus; Stephen Tountas
Other key lawyers
Marc Kasowitz; Andrew Schwartz