Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP provides an ‘outstanding’ service to an issuer-focused client base facing securities class actions. Team head Jay Kasner leads from the front, utilizing his vast experience in trial and appellate courts at federal and state level to good effect to secure victories for clients from a myriad of industry sectors. Alongside Susan Saltzstein, Kasner recently had a key role in persuading the court to dismiss a putative class action filed by investors against Hawaiian Electric Industries for stock losses suffered as a result of the recent devastating wildfires in Hawaii, a decision that underscores the significant challenges in bringing event-driven securities lawsuits. Palo Alto-based partner Mark Foster led the argument on the aforementioned matter, and since rejoining the firm in 2023 has been a key practitioner defending investor lawsuits brought in the Northern District of California. The firm is also noted for its cross-border capabilities, often working alongside US-qualified litigators in key global jurisdictions. In this regard, Scott Musoff and Robert Fumerton worked closely with the firm’s Hong Kong office to secure a string of recent successes for China-based securities issuers accused of violations of US securities laws. All named practitioners are based in New York unless otherwise indicated.