Julia A. Malkina

Selected Representations

• Goldman Sachs in obtaining a major victory from the U.S. Court of Appeals for the Second Circuit in a $13 billion securities case, with the court reversing class certification after 13 years of litigation and establishing important guardrails to the “inflation-maintenance” theory of securities fraud. The Second Circuit’s 2023 ruling followed a favorable decision for Goldman Sachs by the U.S. Supreme Court in 2021 and three discretionary Rule 23(f) appeals, marking just the second time a federal appeals court has granted interlocutory review of class certification three times. Following the Second Circuit win, plaintiffs voluntarily dismissed the suit with prejudice, bringing an end to the long-running litigation.
• Rocket Companies’ majority shareholder, Rock Holdings, and its founder and Chairman and former CEO in obtaining the first-ever victory on price impact in the Sixth Circuit after the district court denied class certification in a securities fraud and insider trading action.
• Rocket Companies’ majority shareholder, Rock Holdings, in a trial before the Delaware Chancery Court in a shareholder derivative action bringing a Brophy breach of fiduciary duty through insider trading claim.
• BP p.l.c. in successfully opposing Supreme Court review of a decision affirming dismissal of a putative class action alleging overseas manipulation of a physical commodity that purportedly harmed futures traders in the United States.

• BP p.l.c. in more than a dozen Fifth Circuit appeals stemming from the Deepwater Horizon Economic and Property Damages Settlement, including successfully defending on appeal one of the largest cases arising from that settlement.
• BlockFi in resolving investigations by the SEC and 32 state securities regulators of the BlockFi Interest Account, an interest-bearing cryptocurrency product. BlockFi Lending is the first company to settle with the U.S. Securities and Exchange Commission or state regulators regarding interest-bearing cryptocurrency accounts, and the settlements clarified important regulatory questions surrounding cryptocurrency lending practices. As part of the resolution, BlockFi Lending’s parent, BlockFi Inc., announced plans to register with the U.S. Securities and Exchange Commission a new interest-bearing cryptocurrency account product, becoming the first company to do so.
• BlockFi in putative securities class actions alleging that it offered and sold the BlockFi Interest Account, an interest-bearing cryptocurrency product, as an investment contract without a registration statement.
• Unisys Corporation and its senior executives in obtaining a dismissal with prejudice of a putative shareholder class action in the Eastern District of Pennsylvania on falsity and scienter grounds.
• Jumia Technologies AG, the largest e-commerce company in Africa, in federal and state securities actions stemming from its initial public offering.
• Riverstone Holdings LLC and Pattern Energy Group Holdings II, L.P. in M&A litigation in Delaware Chancery Court and federal court relating to the $6.1 billion acquisition of Pattern Energy Group Inc. by the Canada Pension Plan Investment Board.
• Navistar International Corporation in advising on litigation matters relating to its $3.7 billion merger with TRATON SE, a subsidiary of Volkswagen AG.
• The former chairman of five public companies, including the largest non-bank mortgage servicer, in more than a dozen securities class actions, consumer class actions, opt-out suits and derivative suits in connection with mortgage-servicing activities and alleged conflicts of interest.
• UBS in obtaining a dismissal with prejudice of all claims brought by Ace Decade, which had sought damages of more than $500 million in connection with an investment in shares of a Chinese company.
• Obsidian Energy (formerly Penn West) in a lawsuit brought by the U.S. Securities and Exchange Commission concerning Penn West’s restatement of its financials.
• Several individuals and investment firms in connection with inquiries by the U.S. Commodity Futures Trading Commission and the CME Group regarding alleged spoofing or other disruptive trading conduct, as well as in defending criminal spoofing and commodities fraud charges.

Rankings and Recognitions

• Chambers USA – Recognized in New York Litigation: Securities (2024-2025)
• Lawdragon – “500 Leading Litigators in America” (2023–2025)
• Lawdragon – “500 X – The Next Generation” (2023–2024)
• Benchmark Litigation – “40 & Under List” for the Northeast region (2022–2024)
• Law360 – Rising Star in Securities Litigation (2022)
• Euromoney Legal Media Group – Women in Business Law Awards “Securities Litigator of the Year” Finalist (2022, 2023)
• New York Law Journal – Rising Star (2020)

Recent Speaking Engagements

• Moderator, “Securities and Shareholder Disputes: Perspectives from Brazil and the U.S.,” Columbia Law School Brazil Forum (2025)
• Panelist, “A Conversation with Leading Women in Securities Litigation,” Women in Securities Litigation Network (2025)
• Panelist, “Event Driven Suits and the Rethinking of Securities Litigation,” Columbia Law School (2024)
• Panelist, “First There Was One and Now There Are Four: Celebrating the Legacy of Justice Sandra Day O’Connor,” New York Women Judges Association, Franklin H. Williams Judicial Commission and the New York City Bar Association (2024)
• Panelist, “Climate Disclosure Developments: The SEC, California, and EU Extraterritoriality,” U.S. Chamber of Commerce (2023)
• Panelist, “The U.S. Supreme Court: October Term 2022 Review,” Washington Legal Foundation (2023)
• Moderator, “Women in Securities Litigation Network Judicial Panel,” Women in Securities Litigation Network (2023)
• Panelist, “Boiling the Ocean: The Anticipated Increase in Federal Government Overreach,” U.S. Chamber of Commerce Institute for Legal Reform (2022)
• Panelist, “The Future of ESG: the SEC, Scope 3 and Liability,” U.S. Chamber of Commerce Center for Capital Markets Competitiveness (2022)
• Panelist, “2021 Securities Litigation and Enforcement Year in Review,” American Bar Association (2021)