Joel Haims is co-chair of the firm’s Securities Litigation, Enforcement, and White-Collar Defense Group. He focuses his practice on securities litigation, including class actions, shareholder derivative cases, corporate control litigation, and other complex business disputes. He also has significant experience defending clients in SEC enforcement proceedings and corporate internal investigations.
Mr. Haims represents public companies, their officers, directors and board committees in securities cases before trial and appellate courts throughout the country, and in mediation to facilitate settlement. He has represented financial institutions and their executives in litigation and other regulatory matters arising from the recent financial crisis, including in matters related to residential mortgage-backed securities. He regularly defends clients from a diverse range of industries, including financial services, life sciences, technology and consumer products, and has extensive experience advising foreign-based companies, particularly in China, Japan and Israel, in connection with securities and compliance issues related to their cross-border and U.S. operations.
Mr. Haims also works closely with the firm’s Business + Finance department lawyers on a variety of corporate and securities transactions. Among other things, he has extensive experience advising banks and commercial real estate developers on the securities law aspects of real estate financing transactions involving the EB-5 Immigrant Investor Pilot Program.
In addition to his securities litigation practice, Mr. Haims is also extremely knowledgeable about the Religious Land Use and Institutionalized Persons Act (RLUIPA). He served as lead trial counsel for the Westchester Day School in its landmark litigation against the Village of Mamaroneck and its Zoning Board of Appeals under RLUIPA, and continues to regularly consult with religious organizations and their counsel on RLUIPA issues.
Mr. Haims is a frequent author and lecturer on topics involving securities litigation. He is recognized by Legal 500 for his work in Securities: Shareholder Litigation, and is considered a “Future Star” in New York by Benchmark Litigation.
Securities Class Actions/Individual Cases
- Co-led the defense on behalf of 300 issuers and over 1,000 individual defendants in the “IPO Allocation” securities class actions – perhaps the largest collection of securities class actions ever brought.
- Obtained dismissal on behalf of Cirrus Logic, Inc. and two of its officers of securities fraud class action.
- Represents more than a dozen former Bear Stearns employees in civil securities cases and regulatory matters relating to Bear Stearns issued residential mortgage-backed securities.
- Represented ResCap LLC in connection with the successful settlement of billions of dollars of residential mortgage backed securities claims (and more than two dozen securities cases)as part of ResCap’s bankruptcy proceedings.
- Represented Hong Kong affiliate of a Big Four auditor in defense of claims arising out of a bond offering by a Canadian public company.
- Won dismissal of all claims against an investment firm and its two principals in securities litigation arising from a complex $50 million PIPE transaction involving equity and interest rate swaps.
Shareholder Derivative Litigation
- Represented public companies and their officers and directors in shareholder derivative cases in federal and state courts throughout the country, including Yahoo!, Capital One, Cirrus Logic, and LJ International.
- Represented Astellas Pharma in connection with its $4 billion acquisition of OSI Pharmaceuticals, Inc.
- Represented Yahoo! Inc. in connection with its $270 million acquisition of Interclick, Inc.
- Represented NTT DATA CORP in connection with its $200 million acquisition of Intelligroup, Inc.
- Served as lead trial counsel and secured a landmark victory in the S.D.N.Y. on behalf of pro bono client Westchester Day School against the Village of Mamaroneck and its Zoning Board of Appeals for violation of the Religious Land Use and Institutionalized Persons Act (RLUIPA) in its denial of the school’s special permit to expand its facilities. Mr. Haims also successfully argued the appeal in the Second Circuit.
- Filed amicus brief in United States Court of Appeals for the Eleventh Circuit in Rich v. Secretary, Florida Department of Corrections, et al. in support of successful kosher diet litigation against the Florida prison system.