Shearman & Sterling LLP

Securities: Litigation Department

USA - Nationwide
Current View:

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What the team is known for Destination firm for financial institutions involved in securities litigation as underwriters, as well as corporate issuer clients. Often advises on matters involving multiple jurisdictions for domestic and international companies, with significant activity for Asian clients entering US markets. Noted recent activity in connection with benchmarking matters relating to the financial services industry.

Strengths A client comments: "They are right at the top of the field. They handle the biggest cases and are very good at it." They add: "They're extremely skilled and really make my job easier."

Work highlights Represented the underwriting syndicate of Tesla, including Goldman Sachs, Morgan Stanley and Merrill Lynch, in a securities class action brought by plaintiffs following Tesla's issuance of $1.80 billion of senior notes. The suit alleges that the company misrepresented its production forecast, linked to production delays at one of its factories.

Notable practitioners

Adam Hakki is global head of the firm's litigation practice.