Milbank

Subsumed within the firm’s broad-based litigation and arbitration practice group, which is headed from New York by Alexander Lees, Milbank‘s securities litigation offering is very well-placed to represent issuers, underwriters, individuals and an increasing number of accountants to advise on core rule 10-b 5 and section 11 fraud-related claims. Much of the work also regularly involves parallel regulatory scrutiny, which the firm is well-placed to handle by virtue of having a number of former agency officials in its ranks, including New York-based Gurbir Grewal, whose arrival in January 2025 from the SEC follows on the heels of his former colleague at the agency Olivia Choe, who joined the Washington DC office in October 2024. The team is also adept at handling work on the outskirts of core securities litigation, including 40 Act matters and ERISA-related class actions regarding fiduciary breaches, both areas that the well-respected New York-based litigator Sean Murphy handles as part of his broad-based securities/shareholder defense practice. New York-based attorney Scott Edelman combines his duties as chairman of the firm with a strong litigation practice that sees him regularly handle securities litigation matters and derivative actions. Also located in New York, Jed Schwartz continues to develop a very strong securities practice, including for underwriters on statements made in offering documents accompanying IPOs and secondary offerings.