North America - United States • Dispute resolution
Boies Schiller Flexner LLP
Boies Schiller Flexner LLP handles both defense and plaintiff work in the securities litigation space, and clients note that the firm is ‘a cut above the rest’. The firm is a frequent adviser to investment banks, public pension funds, Fortune 100 corporations, and high-net-worth individuals in high-stakes securities litigation. Led by John Zach in New York, whose ’diligence, expertise and warm human nature is nothing short of world-class’, and Jonathan Sherman in Washington DC, the practice ‘exercises great compassion, creative critical thinking and strategization’. Matthew Schwartz in New York is a standout partner, having played a major role in securing a settlement in AIMCO CLO 10 LTD et al. v. Revlon Inc. et al., which significantly increased client recoveries compared to the plan of reorganization following Revlon’s bankruptcy. Marc Ayala and up-and-coming partner Brooke Alexander, who work from the Armonk office, play central roles in the practice. Both are key to the representation of investors in cryptocurrency exchange FTX, the founder of which is alleged to have schemed to take advantage of consumers and costing them $11bn.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Boies Schiller Flexner is certainly a cut above the rest. They exercise great diligence, compassion, creative critical thinking and strategization. The firms reputation and strive for excellence certainly trickles down into the culture.’
‘I have had the sincere honour to work with and be represented by John Zach, David Simons and Izaak Earnhardt. Their level of diligence, expertise and warm human nature is nothing short of world-class.’
‘Very professional and great to co-counsel with on our large complex multinational class actions and MDLs.’
Key clients
- Palm Tran, Inc. Amalgamated Transit Union Local 1577 Pension Plan
- Class of FTX investors
- Class of Voyager Digital investors
- Class of Binance investors
- Ad Hoc Group of 2016 Term Loan Lenders
- Ryan Berris
Work highlights
- Secured $95 million settlement for a class of investors in Mexican broadcast company Grupo Televisa in connection with allegations of bribery that resulted in a significant stock drop.
- Secured a settlement that tripled the recovery relative to what an ad-hoc group of lenders would have otherwise received under a prior plan of reorganization in a high-profile adversary proceeding in connection with the Revlon bankruptcy.
- Settled a class action that sought nearly $350 million that alleged that Dimitris Melissanidis, founder of Aegean Marine Petroleum Network, participated in a scheme to defraud investors by misappropriating hundreds of millions of dollars from the company through self-dealing and misleading investors about the strength of the company’s financials.
Practice head
The lawyer(s) leading their teams.
John Zach, Jonathan Sherman