Lenny Traps has been named a Law360 “Rising Star” for Securities—one of three Sullivan & Cromwell partners selected in 2024 from more than 1,200 submissions. Lenny is a partner in S&C’s Securities Litigation Practice.
Lenny has represented clients including AT&T, Citigroup, Discover and Wells Fargo in major securities and derivative litigation. Lenny has played an integral role in obtaining dismissals of several stock-drop actions alleging billions of dollars in damages and in getting those dismissals affirmed on appeal, including in parallel cases filed in state and federal New York courts against AT&T relating to its former DIRECTV NOW streaming service.
"These [securities] cases are so common, I think people forget that what plaintiffs are supposed to be alleging and proving is fraud, real intentional fraud. And that's not what these cases actually allege,” Lenny said. “They start with the stock drop and then come up with ways to kind of tie it to something.”
Read Lenny’s profile.