Kenneth M. Katzis counsel in Hughes Hubbard & Reed's Litigation department. Since joining the firm after graduating cum laude from University of Pennsylvania Law School (where he was also an associate editor of the University of Pennsylvania Law Review), Ken has been involved in several high-profile litigations, including matters arising out of the Nortel Networks Inc. and Lehman Brothers Inc. liquidations, and the alleged Thomas Petters Ponzi scheme.
Ken's principal areas of focus are securities, accountants' liability and financial services litigation. He also has substantial experience representing clients in investigations and enforcement proceedings before the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB).
United States District Court for the Southern District of New York
United States District Court for the Eastern District of New York
United States Court of Appeals for the Second Circuit
Internal investigation of bank’s compliance with anti-money laundering rules.
Impax Laboratories, Inc. v. Turing Pharmaceuticals AG, 16 Civ. 3241 (S.D.N.Y. Nov. 16, 2016) (dismissing unjust enrichment claim).
Bain Capital Partners, LLC v. Ernst & Young Global Limited, No. 14-1765-BLS1 (Mass. Super. Ct.) (representation of Big 4 network coordinating entity in civil fraud action).
Certain Funds, Accounts And/Or Investment Vehicles v. KPMG, L.L.P., 798 F.3d 113 (2d Cir. 2015) (affirming dismissal of discovery petition in aid of foreign proceedings against Big 4 coordinating entity).
Longview Power, LLC v. First American Title Insurance Co., Adv. Proc. No. 14-50369 (Bankr. D. Del.) (representation of MUFG Union Bank, N.A., as collateral agent for lenders of Longview Power, in insurance coverage action).
In re Nortel Networks Inc., No. 09-10138 (Bankr. D. Del.) (representation of Joint Administrators of Nortel Networks U.K. Limited and certain of its affiliates in dispute over the allocation of more than $7 billion of sales proceeds among Nortel estates).
In re Lehman Brothers Inc., No. 08-01420 (Bankr. S.D.N.Y.) (representation of the trustee for the SIPA liquidation of an SEC-regulated broker-dealer).
Investigated broker-dealer’s compliance with SEC-administered customer protection rules and successfully moved to cure compliance failures.
Defended trustee’s determination of the largest customer claim in SIPA’s history.
Representations of Big 4 accounting firms and individual auditors in SEC and PCAOB investigations and enforcement proceedings regarding the auditors’ compliance with generally accepted auditing standards (GAAS) and generally accepted accounting principles (GAAP).
Oaktree Capital Mgmt., L.P. v. KPMG, 2:12-CV-956 JCM (GWF), 2013 WL 4006437 (D. Nev. Aug. 5, 2013) (dismissing securities action brought by ShengdaTech noteholders against third party auditors and underwriter); ShengdaTech Liquidating Trust v. Hansen, Barnett & Maxwell, P.C., No. 3:13-cv-00563 (D. Nev.) (respondeat superior claim against international coordinating entity of network of professional firms).
Ross v. Lloyds Banking Grp., PLC, Nos. 12-4600-cv(L), 13-729-cv(Con), 2013 WL 5273067 (2d Cir. Sept. 19, 2013) (affirming dismissal of securities claim).
Tradex Global Master Fund Ltd. v. Blue Point Mgmt. LTD., No. 27-CV-18648 (Minn. Dist. Ct. Mar. 7, 2011) (dismissing class action claims against foreign audit firm under doctrine of forum non conveniens); In re Arrowhead Capital Mgmt. LLC Class Litig., 712 F. Supp. 2d 924 (D. Minn. 2010) (dismissing class action claims against foreign audit firm for lack of federal subject matter jurisdiction).
Kingsway Financial Services, Inc. v. PricewaterhouseCoopers LLP, No. 03 Civ. 5560 (S.D.N.Y.) (securities fraud claims concerning acquisition of a property and casualty insurer).
Weiss v. Twardy, No. 08-0035, 330 Fed. Appx. 230 (2d Cir. May 22, 2009) (affirming dismissal of securities action against Big 4 accounting firm), aff’g In re: Priceline.com, Inc. Sec. Litig., 342 F. Supp. 2d 33 (D. Conn. 2004).
Bullmore v. Ernst & Young Cayman Islands, No. 0104314/2005, 2006 WL 4682212 (N.Y. Sup. April 12, 2006) (dismissal of state law claims against the U.S. firm of the Ernst & Young network), aff’d, 45 A.D.3d 461 (1st Dep’t 2007).
Pro bono representations in immigration, housing, contract, and civil rights matters.