In addition to covering conventional securities defense and shareholder derivative actions for public companies and their directors and officers, Akin is perhaps best known for its work on behalf of funds and investment advisers. In this context, investment fund litigation head Douglas Rappaport regularly advises hedge funds seeking to effect change through shareholder activism, as well as often defending them in securities-related cases, including with regard to short-swing trading litigation and insider trading. Stephen Baldini has strong connections among private equity sponsors and hedge funds, regularly defending them in securities fraud disputes as part of his broad business litigation offering Dallas-based Scott Barnard is focused on issuer-side securities fraud matters, including those involving parallel SEC enforcement actions; he has developed particular skill advising distressed companies in ancillary securities proceedings and counseling public energy companies and energy master limited partnerships in securities suits in Delaware and Texas. Contentious restructuring lawyer Joseph Sorkin co-heads the team alongside Barnard and Rappaport. All named practitioners are based in New York unless otherwise noted.
L’éditorial du Legal 500
Clients clés
- Scopia Capital Management
- Armistice Capital
- AllianceBernstein
- HBK Master Fund
- Lion Point Capital
- Highland CLO Funding
- Eastman Kodak Company
- Amberjack Capital Partners
- Talos Energy
- Hudson Bay Capital Management
Points forts
- Secured a decisive victory for Scopia Capital Management in the Delaware Court of Chancery, compelling R&Q Insurance Holdings to appoint Scopia's designated representative to a board committee, as contractually agreed, after R&Q initially refused despite multiple demands.
- Obtained an important win for Armistice Capital and two fund principals. The court dismissed all claims with prejudice. Akin represents Armistice and two Armistice representatives who served on the board of Vaxart Inc., a biotech firm developing vaccine technology.
- Won a significant arbitration award for AllianceBernstein's portfolio companies, Elk Petroleum Aneth LLC and Elk Operating Services LLC, against claims exceeding $15m in damages plus punitive damages brought by Elk’s former CEO for fraud, age discrimination, and breach of contract.
Avocats
Responsable de la pratique
Joseph Sorkin; Douglas Rappaport; Scott Barnard
Autres avocats clés
Stephen Baldini; Neal Marder; Uri Itkin; Stephanie Lindemuth; Kate Shapiro; Jacqueline Yecies