Shahzeb Lari is a partner in the Litigation Department of Hughes Hubbard & Reed and based in the New York Office. He primarily focuses his practice on the litigation of corporate and commercial disputes, with an emphasis on securities, shareholder and antitrust class action litigations, corporate governance matters and other complex business disputes.
Speaking Engagements & Publications
Safeguarding Against Potential Liability for Press Releases, Corporate Board Member (Second Quarter 2009)
Fiduciary Duties of Directors of Distressed Companies, New York Law Journal (April 2009)
The Applicability of the Business Judgment Rule to Corporate Officers After Gantler v. Stephens, BNA's Securities Regulation & Law Report (April 2009)
Recognitions
Recognized by The Legal 500 United States as one of the top Securities Litigation – Defense lawyers
Professional & Community Involvement
Member, American Bar Association
Selected Representations
Newhouse family-owned media company Advance Publications Inc. and its portfolio company 1010data, a provider of enterprise analytics, in the sale of 1010data to SymphonyAI
The Madison Square Garden Company in its purchase of a controlling stake in Counter Logic Gaming (owner of several competitive esports teams)
Sellas Life Sciences Group, Inc. and its officers and directors in a securities class action and related derivative shareholder litigation relating to the marketing of a fentanyl-based pain medication.
A group of seventeen underwriters in a securities class action relating to a secondary public offering by U.S. Steel.
The former CFO of Wilmington Trust in a securities class action relating to accounting for loss reserves.
Doral Financial Corporation and its officers and directors in a securities class action and related derivative actions relating to tax liabilities allegedly owed to the Commonwealth of Puerto Rico.
The former CEO of Orthofix International, N.V. in a securities class action relating to revenue recognition and reporting.
Plaza Construction in actions arising under federal and state False Claims Act statutes alleging a conspiracy by several construction companies relating to the submission of payroll records.
Goldman Sachs in numerous actions, including (i) litigation relating to Goldman's alleged commitment to finance the acquisition of a hospital facility in Georgia; (ii) a suit relating to Goldman's investment in Netologic, Inc. (a financial research company) and its alleged failure to promote Netologic's products; and (iii) litigation relating to Goldman's investment in Clearwire Technologies Inc.
Brookfield Properties in a shareholder class action relating to the spin-off of Brookfield Properties' residential properties division.
Malaysia Airlines in (i) an antitrust class action alleging a worldwide conspiracy by major air cargo carriers to fix surcharges and rates on air cargo shipments; (ii) a multi-district antitrust class action alleging a conspiracy to fix prices and fuel surcharges on trans-Pacific passenger flights; (iii) a breach of contract and fraud litigation in which the plaintiff alleged that Malaysia Airlines failed to pay it a 35% commission on warranty claims (totaling US$278 million) submitted to several airplane manufacturers.
Several underwriters in two multi-district securities class actions relating to MBS issuances by Wells Fargo and Residential Capital, LLC.
ACA Financial Guaranty Corporation in a series of litigations including (i) a breach of contract and fraud action relating to ACA's issuance of insurance relating to certain auction rate securities; (ii) a securities action relating to Copia Wine Centers; and (iii) consolidated antitrust litigation brought by several California municipalities against a number of major municipal bond insurers alleging that they conspired to create the market for municipal bond insurance.
