Robert Stern

Partner

华盛顿, 纽约

Rob Stern is the Co-Chair of the Firm’s White Collar, Investigations, Securities Litigation & Compliance practice group and a nationally recognized securities litigator by both Chambers USA (Band 1) and Legal 500 (Leading Lawyer).  

Rob has a demonstrated track record of achieving outstanding results for financial services institutions, Fortune 100 companies, officers and directors of public companies and accounting firms. Rob's mastery of the field enables him to develop creative litigation strategies and business solutions for his clients in a broad array of situations.

For the past 20 years, Rob has handled many of the most complex financial services and civil and governmental securities matters. Rob has litigated dozens of securities and commodities class actions and the parallel SEC, CFTC, PCAOB and/or criminal enforcement matters that accompany them. Rob has also tried numerous FINRA, AAA and international arbitrations and litigated merger and acquisition disputes in Delaware Chancery Court. Rob possesses particular expertise litigating claims involving accounting-related matters, structured products, mortgages, futures and derivatives. 

In addition to being a recognized practitioner, Rob is also a thought leader -- lecturing and publishing widely. Rob is a faculty member of Practicing Law Institute’s Securities Litigation program and Chairs PLI's Storming the Gatekeepers:  When Compliance Officers and In-House Lawyers Are at Risk program. Rob has also spoken on Bond Buyer webinars, NERA's Securities and Finance Seminar, the Advanced Litigation Strategy Summit and Strafford Seminars. 

  • Civil Securities and Financial Services Litigation Experience

    • Representing defendants in Hall v. Johnson & Johnson, et. al, a securities class action arising out of allegations of trace amounts of asbestos in cosmetic talc products
    • Representing Royal Bank of Canada in adversary proceeding brought by the Commonwealth of Puerto Rico in connection with the bank's underwriting of general obligation debt
    • Represented defendants In Krukever v. TD Ameritrade, successfully obtaining partial dismissal and ultimate de-certification of a class action stemming from losses suffered by traders in futures options caused by extreme market volatility
    • Representing defendants in Caramahai v. Helius Medical Technologies, Inc. a securities class action arising out of denial of FDA approval for a new medical device
    • Represented defendants in Cardiovascular Systems, Inc., a medical device company, in obtaining a dismissal of a securities class action and shareholder derivative suit arising out of alleged False Claim Act and Anti-Kickback Statute violations
    • Represented defendants in Homeward Residential Inc. v. Sand Canyon Corporation a commercial dispute arising out of alleged misrepresentations made in connection with the origination and securitization of subprime and Alt-A mortgages, obtaining partial dismissal of the case on motion to dismiss
    • Represented Fannie Mae in In re: Fannie Mae Securities and Employee Retirement Income Security Act (ERISA) Litigation (2008) actions alleging failure to adequately disclose subprime and Alt-A mortgage exposure. Achieved an extremely favorable resolution for the client
    • Represented Fannie Mae in In re: Fannie Mae Securities, ERISA and Derivative Litigation class actions and a shareholder derivative action alleging accounting fraud in connection with the company's $9 billion restatement of earnings. Defendants prevailed, in part, at class certification reducing the exposure by billions
    • Represented Bank of America in a securities class action, shareholder derivative suits, and FINRA arbitrations arising out of illiquidity in the auction-rate securities markets. Obtained a complete dismissal of the class action and numerous successful arbitration results
    • Represented Robertson Stephens in In re Initial Public Offering Securities and Antitrust class action litigation
    • Secured a complete dismissal of a class action challenging a $4 billion cash tender offer in connection with the sale of a worldwide provider of Web-based software solutions and services to the automotive industry
    • Represented a former Audit Committee Chairman in a shareholder derivative litigation arising out of the Company’s payments to the AUC and criminal plea. Obtained a dismissal without individual liability
    • Represented the former CFO of major automotive parts supplier in securities class action and shareholder derivative litigation based on allegations of accounting fraud. Achieved a favorable resolution of all liability
    • Represented the former Chairman and CEO of AOL Time Warner, Steve Case, in a securities class action, shareholder derivative, and shareholder opt-out litigation. Achieved a favorable resolution of all liability
    • Represented former Enron CEO, Jeffrey Skilling, in a securities class action and shareholder derivative litigation around the country filed in the wake of the energy giant’s bankruptcy
    • Represented a former WorldCom director in securities class action and shareholder opt-out litigation around the country. Achieved a favorable resolution of all liability

    SEC Enforcement Experience

    • Representing Big Four accounting firm in SEC investigation of Chinese-based issuer
    • Representing Forbes Global 50 financial institution in action arising out of underwriting of public-private partnership bond offering  
    • Representing former KPMG national office partner, David Britt, in a high-profile criminal and civil enforcement matter, involving alleged misappropriation of confidential PCAOB information and ethics violations
    • Representing a publicly traded, international company in a high-profile SEC investigation arising out of a front-page Wall Street Journal article
    • Representing head of mortgage trading desk in connection with an SEC enforcement matter
    • Represented Forbes Global 50 financial institution in enforcement action arising out of underwriting of municipal bonds
    • Represented numerous current and former auditors in connection with SEC and PCAOB formal investigations involving alleged improper professional conduct
    • Represented Fortune 50 financial institution in an enforcement matter arising out of illiquid structured products, achieving a very favorable resolution
    • Represented a Fortune 500 mortgage servicer with a very favorable resolution
    • Represented a Fortune 50 financial institution in multiple enforcement actions with favorable resolutions achieved
    • Represented a Fortune 500 consumer services company in an enforcement action with favorable resolution
    • Represented a major subprime mortgage originator in a subprime enforcement action, achieving a very favorable resolution
    • Represented the CFO of a major automotive parts supplier in an enforcement action with favorable resolution achieved
    • Represented the former Chairman and CEO of a major Internet Media Company in enforcement proceeding with no action taken