Stephen L. Ascher is co-chair of the firm’s Securities Litigation and Enforcement Practice. Banks, hedge funds, accounting firms, real estate companies, and others have sought his help with a wide variety of disputes arising out of the credit crisis and other front-page financial scandals of the last two decades. Institutions and individuals also seek his counsel with respect to SEC and other enforcement work. He has tried cases in federal court, state court, and arbitration proceedings, including as lead counsel.
Mr. Ascher’s practice spans the gamut of securities and financial services litigation, from traditional 10b-5 class actions to disputes arising out of M&A transactions to fraud and contract claims by institutional plaintiffs. During the last several years, Mr. Ascher has represented several major financial institutions in disputes relating to CDOs, credit default swaps, and other complex investments. In 2009 and 2010, representing the examiner in the Lehman Brothers bankruptcy, he led a group of attorneys who investigated Lehman’s corporate governance and risk management. He has also represented hedge funds and private equity funds in matters relating to insider trading and other regulatory issues, as well as in commercial disputes with investors, prime brokers, marketers and others. In addition to his practice in the financial services industry, Mr. Ascher has represented companies in commercial disputes and corporate governance matters in the real estate, transportation, telecommunications and other industries.