Firm / Organisation

Ajamie LLP

Current View:

This content is provided by Ajamie LLP.

Managing Partner: Thomas R. Ajamie
Number of partners: 4 Number of lawyers: 12
Languages: English, French, Spanish

Firm Overview:
Ajamie LLP is a trial law firm that handles complex business litigation, antitrust and competition law, financial litigation, employment litigation, international litigation and arbitration. The firm represents companies of all sizes and has the expertise and resources to represent clients worldwide. The firm has secured landmark awards and settlements and has amassed an impressive record of positive outcomes – winning critical victories and over $1 billion in settlements and awards. Recognized as an elite go-to firm in securities litigation, the firm has successfully handled a number of high-profile cases, including representing companies, pension funds and shareholders seeking to recover losses in stock fraud cases, and corporations and officers and directors being sued in securities matters. The firm holds the distinction of winning two of the largest securities arbitration awards in United States history.

Main Areas of Practice:  

Complex Business Litigation & Arbitration
Cross-Border Disputes
Employment Litigation

Complex Business Litigation & Arbitration:
■Won a record $112 million jury award on a civil RICO Act claim on behalf of a Fortune 100 company against defendants who conspired to extort money from the company and tamper with trial witnesses. The jury’s verdict was the largest RICO verdict in Texas history, and the third largest in the history of the United States
■Won a $12.2 million judgment, including full damages and all attorneys’ fees, on behalf of a multinational computer technology company against its former employees who conspired with others to engage in a false-invoice and bid-rigging scheme to defraud the company
■Negotiated and drafted a structured multimillion dollar Mexico/USA cross-border settlement resolving over 40 civil proceedings including federal and state court proceedings in the United States, federal and state court proceedings in Mexico, and civil arbitration proceedings before CANACO in Mexico
■Member of the legal team that recovered over $173.8 million for investors in the Cobalt International Energy, Inc. securities class action litigation. Clients alleged that the defendants violated the federal securities laws by, among other things, misstating and concealing facts on Cobalt’s partnership with Angolan government officials and the productivity of Cobalt’s Angolan oil and gas wells. United States District Court Judge Nancy Atlas lauded the lawyers’ work when she said ‘Plaintiffs’ counsel conducted the litigation and achieved the settlements with skill, perseverance and diligent advocacy’
■Won a $429.5 million arbitration award, the largest in history, against a former PaineWebber broker. The Wall Street Journal noted that the size of the award was ‘roughly 10 times that of the next largest award;’ The United States Attorney’s office criminally prosecuted one of the PaineWebber brokers involved in the fraud. That broker had worked in PaineWebber’s New York headquarters office; he was sentenced to six and a half years in federal prison
■Successfully sued Wells Fargo and won a seven-figure settlement in a case where some of its employees secretly diverted money from client accounts in Beverly Hills over two and one-half years. One of the Wells Fargo advisors was sentenced to 24 months in federal prison for his role in the fraud. The case was featured on the front page of the New York Times
■Recovered a multi-million dollar ‘clawback’ for a Fortune 100 company in a case where the company’s executive employees were hired away by a competitor. The departing executives had signed agreements in which they promised to pay back restricted stock and stock option awards that they received if they went to work for a competitor
■Successfully defended a major automobile parts manufacturer in a consumer class action seeking hundreds of millions of dollars for costs of defective parts used in Ford vehicles
■Member of the legal team that recovered a $70 million settlement from Securities America, Inc., the broker-dealer subsidiary of Ameriprise Financial, Inc., for investors who lost money in the Medical Capital Ponzi scheme
■Won a $14.5 million arbitration award on behalf of a New York family against Prudential Equity Group over the course of 84 hearing sessions occurring at the New York Stock Exchange. According to The Wall Street Journal, the award is the third largest award to be handed out by an arbitration panel at the NYSE
■Settled a lawsuit against two insurance agents, six insurance companies and a law firm for $7.29 million after four days of trial in Galveston state court. The lawsuit alleged that the defendants negligently advised a 90-year-old widow and her 65-year-old son to sell their Berkshire Hathaway, Inc. stock and use the proceeds to purchase life insurance and annuities as part of an ‘estate tax plan’
■Won the dismissal of 21 consolidated class action lawsuits filed in federal court against former officers of a NYSE-listed client alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder
■Won an eight-figure settlement on behalf of several investors defrauded of over $100 million by one of the United States’ largest national brokerage firms
■Successfully represented a pension fund in a lawsuit against a New York hedge fund after the hedge fund lost 30% of the funds with which it was entrusted

International Work:
Ajamie has a recognized national and international practice and a reputation for winning transnational commercial disputes for national and international clients. The firm’s litigation and arbitration practice frequently involves asserting claims on behalf of, or against, parties outside the United States. This international focus has given Ajamie’s lawyers valuable experience in communicating and applying legal concepts from multiple legal systems, locating documents and conducting transnational discovery and determining how best to translate, authenticate and introduce foreign corporate and government records in a way that is understandable and persuasive to the judge, jury, or arbitration panel.