Securities and Financial Services Litigation

Securities and Financial Services Litigation

Tarter Krinsky & Drogin’s Securities and Financial Services Litigation Group encompasses a wealth and depth of experience in complex matters in the courts and in alternative dispute resolution. 

Tarter Krinsky & Drogin’s Securities and Financial Services Litigation Group encompasses a wealth and depth of experience in complex matters in the courts and in alternative dispute resolution. Our lawyers have broad, comprehensive understanding of securities, derivatives, financial contracts and structured transactions, and can effectively advise clients when a dispute arises as to virtually any aspect of such products. Our lawyers have the background and experience to quickly assess the respective positions of the parties and provide advice on risk and strategy for each stage of the dispute, from the first signs of discord through negotiation and litigation, whether as plaintiffs or defendants. At each stage, our lawyers’ focus is on achieving the most beneficial result for the client, and should litigation prove necessary, our lawyers have the resources and experience to vigorously pursue our client’s rights in court.

Our Securities and Financial Services Litigation Group represents a broad range of financial service companies, institutional investors, investment funds, officers and directors, other high-net-worth individuals, and domestic and overseas financial institutions, in a wide range of disputes arising in connection with debt and equity securities, derivatives, financial contracts and structured financial transactions involving privately issued debt (including Rule 144A and Reg S bonds), privately issued equity, commercial and residential mortgage-backed securities, asset-backed securities, leveraged loans, collateralized bond obligations (CBOs), collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), guaranteed investment contracts (GICs), regulatory capital relief transactions, and a variety of swaps and options.

We litigate a variety of cases asserting fraud claims under the Securities Act of 1933, the Securities Exchange Act of 1934, state statutes and the common law, typically representing defendants in class actions and derivative litigation, and representing various parties in other litigation and arbitration matters. We have extensive experience representing clients asserting contract and/or tort claims arising in connection with trustee performance, servicer performance, investment manager performance, representations and warranties, application of waterfall provisions, acceleration and diversion of cash flows, creditor payment rights pre- and post-default and early contract termination provisions.

On the regulatory side, we have represented numerous clients in investigations and enforcement actions conducted by the Department of Justice, SEC, FINRA, the New York Attorney General’s Office and numerous other state and municipal agencies. Our experience includes investigations implicating the Foreign Corrupt Practices Act, federal antitrust and anti-kickback regulations, civil and criminal litigation related to mortgage fraud allegations, “honest services” employment fraud and insider trading, among others.

Name Title Direct Dial Vcard
Bernstein, Debra Bodian Counsel Counsel 212.216.8027 VCard
Gaynor, Alan S. Partner Partner 212.216.1136 VCard
Grudberg, Michael J. Partner Partner 212.216.8035 VCard
Heim, Robert G. Partner Partner 212.216.1131 VCard
Krinsky, Andrew N. Partner and Chair of Litigation Practice Partner and Chair of Litigation Practice 212.216.8080 VCard
Lazzaro, Brittany K. Associate Associate 212.216.1130 VCard
Miller, Charles M. Partner and Co-Chair of Securities and Financial Services Litigation Group Partner and Co-Chair of Securities and Financial Services Litigation Group 212.216.8085 VCard
Rosner, Joel H. Counsel Counsel 212.216.1187 VCard
Sabbidine, Karim Associate Associate 212.216.8032 VCard
Schoenstein, Richard C. Partner and Co-Chair of Securities and Financial Services Litigation Group Partner and Co-Chair of Securities and Financial Services Litigation Group 212.216.1120 VCard
Temchin, Jonathan E. Associate Associate 212.216.1139 VCard
  • Tarter Krinsky & Drogin Launches New Podcast Series on Current Issues in the Law

    Tarter Krinsky & Drogin is pleased to announce the launch of a podcast that will cover cutting-edge and ever-changing legal issues and how they affect our businesses in a practical way. The podcast, called “Law Brief,” is hosted by Litigation partner Rich Schoenstein, and features other Tarter Krinsky & Drogin lawyers who will highlight current issues in their practice areas.

    Law Brief provides short discussions of current legal issues of interest, designed for non-experts on the go. The conversations are informal but informative, short but deep, and intended to expose all sides of the issues.

  • The New York Law Journal Reports on Recent Arrival of Veteran Litigator and Former SEC Enforcement Attorney Robert Heim

    The New York Law Journal’s Lawyers on the Move section reported on the recent arrival of veteran litigator and former SEC enforcement attorney Robert Heim.

    Robert joined the firm’s Litigation, Securities and Financial Services Litigation, White Collar & Government Investigations and Corporate and Securities practices, continuing its strategic growth and strengthening its client offerings. The article notes that he was formerly an assistant regional director of the U.S. Securities and Exchange Commission.

  • Robert Heim Quoted in Reuters on SCOTUS Decision that Safeguards Investor-Protection Laws

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in Reuters article, “U.S. Supreme Court Backs SEC Safeguards Investor-Protection Laws.” The article discusses the Supreme Court’s ruling against a New York investment banker that the Securities and Exchange Commission banned from the securities industry.

  • Robert Heim Quoted in The Wall Street Journal on SCOTUS Decision that Upholds SEC Sanctions on Broker

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in The Wall Street Journal article, “Supreme Court Sides with SEC in Broker False Statements Case.”

  • Robert Heim Quoted in Financial Times on SCOTUS Backing SEC Decision to Sanction Broker

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in the Financial Times article, “U.S. Supreme Court Backs SEC Over Misleading Statements.”

  • Robert Heim Featured on Bloomberg Radio About Federal Case Against Senator Menendez

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was interviewed on air at Bloomberg Radio about the pending criminal case against Senator Robert Menendez.

  • Robert Heim Featured on Bloomberg Radio About the Impact of SCOTUS Decision on Menendez Case

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was interviewed on air at Bloomberg Radio about how the Supreme Court’s decision in McDonnel v. United States could impact the federal criminal prosecution of Senator Robert Menendez. Robert explained that the 2016 unanimous ruling in McDonnel v. United States may affect Menendez’s criminal prosecution for bribery, which was elaborated and explained in the previous ruling.

  • Hedgeweek Highlights Arrival of Charles M. Miller to Lead New Securities and Financial Services Litigation Group

    Hedgeweek reported on the arrival of partner Charles M. Miller to Tarter Krinsky & Drogin to lead the firm’s newly formed Securities and Financial Services Litigation Group.

  • The New York Law Journal Features Story on Charles M. Miller’s Arrival to Tarter Krinsky & Drogin and Launch of New Securities and Financial Services Litigation Group

    The July 19 edition of The New York Law Journal featured an article on Charles M. Miller’s arrival to Tarter Krinsky & Drogin and the creation of the firm’s Securities and Financial Services Litigation Group, which Charles will lead.

  • Tarter Krinsky & Drogin Expands Litigation Practice and Launches Securities and Financial Services Litigation Group With Addition of Charles M. Miller as Partner

    Tarter Krinsky & Drogin announced today that Charles M. Miller has joined the firm as a partner in its Litigation practice where he will lead the newly formed Securities and Financial Services Litigation Group.

  • Robert Heim Quoted in Law 360 on SEC Lifetime Ban of Broker

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in Law 360 article, “SEC Told Broker’s Lifetime Ban Not Warranted Under Janus.” The article discusses SEC decision to bar an investment banker from the securities industry for life over misleading emails he sent to prospective investors.

  • Robert Heim Quoted in The Wall Street Journal on Direction of the SEC

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in The Wall Street Journal article, “What Can Help Restore Investor Trust? Maybe the SEC.” The article discusses the potential for the agency, in pushing for more transparency and accountability within the securities industry. This new potential arises from the nomination of former prosecutor Mary Jo White as SEC chairman.

  • Robert Heim Quoted in Bloomberg on SEC Claims Against Texas Day Trader

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in Bloomberg article, “Texas Day Trader Sued by SEC Over High-Frequency Trading Claims.” The article discusses the SEC claim that a Texas day trader illegally raised more than $6 million from the Houston-area Lebanese community by making false promises that his algorithmic trading program would generate 30 percent returns.

  • Robert Heim Featured on Fox News About MF Global Letter to Congressman

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on Fox News. In the segment, Robert commented on the letter sent by the collapsed global financial derivatives brokerage firm, Man Global to Congressman Jon Corzine, asking for assistance after the bankruptcy of the financial institution.

  • Robert Heim Featured on Fox News About MF Global Bankruptcy

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on Fox News. In the segment, Robert discussed the collapse of the Man Financial, a former global commodities brokerage firm. Robert also explained the perceived liquidity problems and large fined that led to the firm’s bankruptcy.

  • Robert Heim Featured on CNBC About MF Global Collapse

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on CNBC. In the segment, Robert discussed the bankruptcy of the global financial derivatives brokerage firm, Man Global and the financial problems leading up to the collapse.

  • Robert Heim Tests Your Knowledge of Insider Tips in CNN Interactive Quiz

    Think you would recognize an insider tip if you heard one? It's not always so black and white, as former SEC prosecutor Robert Heim shows in the following scenarios. Test your knowledge on what makes the sharing of certain information illegal.

  • Robert Heim Authors New York Post Column on Insider Trading Enforcement

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim authored a guest column in the New York Post. The article discusses the Justice Department’s recent insider trading enforcement initiatives.

  • Robert Heim Quoted in The New York Times on Insider Trading Claim Settlement

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in The New York Times article, “Ex-Fund Manager Settles Insider Trading Claims.” The article discusses the $600,000 settlement of federal insider trading charges between a former hedge fund manager, Stephen Goldfield and a pharmaceutical executive. The charges included making $13.98 million in illegal profits by trading in MedImmune securities before AstraZeneca agreed to acquire the company for more than $15 billion.

  • Robert Heim Featured on CBS Evening News with Katie Couric About Goldman Sachs Allegations

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal analyst on CBS Evening News with Katie Couric. In the segment, Robert discussed the SEC’s enforcement action against Goldman Sachs, alleging that the investment bank defrauded investors by failing to disclose conflicts of interest in certain mortgage investments it sold.

  • Robert Heim Quoted in The Wall Street Journal on SEC Complaint Against Prime Capital

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim was quoted in The Wall Street Journal, “An Annuities Firm is Accused by SEC.” The article discusses the administrative complaint made by the SEC against New York-based Prime Capital Services Inc., accusing the firm of scheming senior citizens into purchasing unsuitable variable annuities. These variable annuities were allegedly intentionally misrepresented by the PCS representatives over free-lunch seminars that the senior citizens attended.

  • Robert Heim Featured on Fox News About Madoff Prosecution

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal analyst on Fox News. In the segment, Robert analyzed the allegations made against the former financial advisor, Bernie Madoff. Robert also explained the court proceedings and potential outcomes of the Madoff case.

  • Robert Heim Featured on Fox News About Harry Markopolos

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on Fox News. In the segment, Robert commented on Harry Markopolos’s congressional testimony in the wake of the Bernard Madoff scandal. Robert also explained the significance of the congressional hearing on the investigation of Madoff’s alleged $50 billion Ponzi scheme.

  • Robert Heim Featured on Fox News About Madoff

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on Fox News. In the segment, Robert discussed the SEC’s failure to detect Bernard Madoff’s alleged $50 billion Ponzi scheme. Robert also explained the regulatory authority of the Securities and Exchange Commission and the administrative action taken.

  • Robert Heim Featured on Fox News About Spitzer Investigation

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on Fox News. In the segment, Robert discussed the allegations against former New York Governor Eliot Spitzer. Robert also explained the federal investigation of the former New York Governor and potential outcomes.

  • Robert Heim Featured on Bloomberg TV About CFTC Enforcement Against Hedge Fund

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on Bloomberg TV. In the segment, Robert discussed the allegations against Hedge Fund Amaranth and its former head energy trader, Brian Hunter. He also explained the enforcement action made by the Commodity Futures Trading Commission.

  • Robert Heim Featured on CNBC About SEC Enforcement Against Insider Traders

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on CNBC’s “On the Money.” In the segment, Robert discussed the SEC’s recent enforcement actions against insider traders.

  • Robert Heim Featured on CNBC About SEC Enforcement Against Former Apple Executives

    White Collar and Government Investigations, Securities & Financial Services Litigation partner Robert Heim appeared as a guest legal commentator on CNBC’s “Closing Bell” with Maria Bartiromo, discussing the SEC’s enforcement action against former Apple executives. In the segment, Robert explained the SEC’s accusations of stock options backdating and the subsequent administrative action taken against the former Apple Computer executives.

  • Overview of U.S. Securities Laws Applicable to Broker-Dealers
    August 12, 2019

    The Securities Exchange Act of 1934 (Exchange Act) is the principal law that regulates broker-dealers in the United States. The Exchange Act governs transactions in securities markets and regulates persons who effect such transactions. The individual states also regulate broker-dealer activities within their borders under state securities or “blue sky” laws.

  • How to Win an Insider Trading Case
    August 5, 2019

    A charge of insider trading can have serious criminal and civil consequences for the accused. In fact, frequently, the accused will face parallel investigations by both the U.S. Attorney’s Office and the U.S. Securities and Exchange Commission. In addition, local state authorities are increasingly pursuing securities fraud prosecutions, including insider trading cases. A knowledgeable defense attorney can make a difference in an insider trading case. This article will review both the legal aspects of an insider trading case as well as the techniques investigators use to uncover and investigate insider trading.


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