North America - United States • Dispute resolution
Skadden, Arps, Slate, Meagher & Flom LLP
New York powerhouse Skadden, Arps, Slate, Meagher & Flom LLP retains a suceessful record, able to handle the full range of work, including internal investigations, derivative actions and investigations by regulatory agencies, the firm handles high-stakes matters in a diverse range of industries from energy to automotive. Standout partners Jay Kasner and co-deputy heads Scott Musoff and Susan Saltzstein are all acknowledged by peers to be leading lights in the securities litigation market. Kasner and Saltzstein are currently acting for Hawaiian Electric Industries, Inc. in a class action arising from the wildfires in Lahaina in Maui County, Hawaii, in 2023. Kasner was involved in a high-profile matter in the cryptocurrency sector, having secured the dismissal of a huge claim against Coinbase Inc. The firm also has a deep bench of securities litigators outside New York, with Noelle Reed in Houston and Virginia Milstead in Los Angeles among the key names.
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Key clients
- Amgen Inc
- Six Flags Entertainment Corporation
- Hawaiian Electric Industries, Inc.
- Coinbase Inc.
- ExxonMobil Corporation
- BMW AG
- Groupon, Inc.
- Lyft, Inc.
- Barclays Capital Inc. and Barclays Bank PLC
- Johnson & Johnson
- Coty, Inc.
Work highlights
- The firm, on behalf of Six Flags and its former CEO and CFO, secured the dismissalof a putative securities fraud class action originally filed in the U.S. District Court for the Northern District of Texas by purchasers of Six Flags Entertainment Corporation common stock, alleging that defendants issued false and misleading statements concerning the development of a Six Flags park inChina.
- The firm, on behalf of Coinbase Global Inc., Coinbase, Inc., and the CEO of Coinbase Global, Inc., secured the dismissal of a putative securities class action filed in the U.S. District Court for the Southern District of New York alleging that Coinbase operated as an unregistered securities exchange and broker-dealer in violation of state and federal securities laws.
- The firm, on behalf of BMW AG and certain members of its supervisory board, secured the settlement of a securities class action commenced following the settlement of a regulatory investigation of its U.S. subsidiary regarding the alleged inflation of vehicle sales by the company's U.S. subsidiary.
Lawyers
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Practice head
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Jay Kasner, Scott Musoff, Susan Saltzstein