Sharon L. NellesPartner
Sharon Nelles, Managing Partner of the Firm’s Litigation Group and member of the Firm’s Management Committee, represents financial institutions and global companies in high-profile, critical company matters that implicate not only civil litigation but also related regulatory, congressional and criminal investigations and enforcement actions. She is currently active in many matters arising from the subprime mortgage crisis.
Ms. Nelles has represented such clients as Volkswagen, Moody’s, JPMorgan Chase, Standard Chartered Bank, Microsoft and Diageo, among others, in high-profile class action litigation, including the Microsoft indirect purchaser cases, the JPMorgan Chase/Bank One merger litigations and the Volkswagen diesel matters. She has tried cases in the state and federal courts on behalf of such clients as Microsoft, Eastman Kodak Company and General Bank, and has represented prominent firms and individuals in proceedings before the Department of Justice, the United States Congress, the Securities and Exchange Commission, the Federal Trade Commission, HUD, the Federal Reserve Bank of New York and several state attorneys general.
Ms. Nelles frequently conducts investigations for corporate clients, special committees and boards of directors.
Professional Activities and Community Involvement
- Assistant Treasurer, past Co-President, Board of Directors, Judges and Lawyers Breast Cancer Alert
- Board of Directors, National Breast Cancer Coalition
- Member, The American Law Institute
Rankings and Recognitions
- Euromoney’s Best of the Best USA Expert Guides – recognized as one of the “Top 30 Litigators” in the United States (2019)
- Law360 – “Law360 MVP in Transportation” (November 2018)
- Crain’s – Leading Women Lawyers in New York City (2018)
- Best Lawyers in America - Securities (2018, 2019); Banking & Finance (2018, 2019)
- The National Law Journal – “Litigation Trailblazer” (November 2016)
- The New York Law Journal – selected as one of the “Top Women in Law” (September 2016)
- Law360 – selected as one of the “25 Most Influential Women in Securities Law” (April 2016)
- The American Lawyer – “Litigator of the Week” (October 30, 2014)
- Chambers USA: America’s Leading Lawyers for Business – recognized in Nationwide – Securities: Litigation (2014-2017) and New York – Litigation: Securities (2014-2018)
- Chambers USA: America’s Leading Lawyers for Business – recognized as a leading lawyer in Antitrust (2007-2010)
- Euromoney’s Benchmark Litigation – recognized as a “Top 10 Practitioners in Securities” (2017), “National Practice Area Star in Antitrust” (2019), “National Litigation Star in Securities” (2014-2019), “Local Litigation Star in New York” (2014-2019), one of the “Top 250 Women in Litigation in New York” (2014-2018) and one of the “Top 10 Women in Litigation” (2017, 2018)
- Euromoney’s Americas Women in Business Law Awards: Best in Financial Regulation (2014) and Litigation (2014, 2017 and 2018), and Euromoney’s Benchmark: America’s Leading Litigation Firms and Attorneys – cited as a leading practitioner in Litigation (2009-2014)
- The Legal 500 United States – Recommended Lawyer for Securities Litigation (2010-2016, 2018); Recognized as a Leading Lawyer for Securities Litigation (2018)
- The Legal 500 United States – Recommended Lawyer for General Commercial Disputes (2016-2018)
- The Legal 500 United States – Recommended Lawyer for International Litigation (2018)
- The Legal 500 United States – Recommended Lawyer for Financial Services: Litigation (2013-2017)
- The Legal 500 United States – Recommended Lawyer for White-Collar Criminal Defense (2011)
- The Legal 500 United States – Recommended Lawyer for Antitrust Litigation (2007-2009)
- Lawdragon 500 – selected as one of “500 Leading Lawyers in America” (2009-2010, 2011, 2012)
- The American Lawyer – selected as one of “The Young Litigators Fab 50” – 50 litigators under 45 who are expected to be “leading the field for years to come” (January 1, 2007)
SELECTED REPRESENTATIONSSelected Civil Cases
- Lead and national coordinating counsel for Volkswagen in numerous federal and state actions, including a multidistrict litigation in San Francisco, as well as regulatory investigations, regarding allegations that its diesel vehicles emitted nitrogen oxides in excess of the limits imposed by applicable U.S. law. Advised on the $14.7 billion resolution with the DOJ, FTC and the multidistrict consumer plaintiff committee. Also advised Volkswagen on its 3-liter class action and regulatory settlements, dealership settlements; and criminal and FIRREA settlements.
- Lead counsel to Moody’s Corporation and its officers and directors in consolidated shareholder class action litigation concerning the company’s rating of mortgage-backed securities. Defeated class certification in trial court and U.S. Court of Appeals and obtained full dismissal on summary judgment. Achieved non-monetary settlement of related derivative litigation (Southern District of New York/2d Circuit). Advised on the $864 million FIRREA settlement with the DOJ and 21 states regarding Moody’s financial crisis-era ratings of residential mortgage-backed securities and collateralized debt obligations, ending a multi-year government investigation.
- Coordinating counsel, lead counsel and/or settlement counsel to JPMorgan Chase in its defense of dozens of litigations including class litigation brought by, among others, investors in residential mortgage-backed securities. Advised JPMorgan Chase through its $13 billion settlement with the Department of Justice. (Federal and state courts throughout the United States)
- Lead counsel to Standard Chartered Bank in coordinated multidistrict litigation arising out of the Ponzi scheme perpetrated by Bernard L. Madoff Investment Securities LLC, including two putative class actions. Sent one class action to arbitration and obtained dismissal of the other. (Southern District of New York)
- Lead counsel to The St. Joe Company in putative class action and derivative litigation brought in the wake of a highly critical presentation by short-seller David Einhorn. Successfully defended dismissal of the case, on three separate grounds, in the U.S. Court of Appeals. (Northern District of Florida/11th Circuit)
- Lead counsel to JPMorgan Chase, JP Morgan Securities and current and former members of JPMorgan Chase’s board of directors in multidistrict class action litigation related to the company’s 2004 merger with Bank One. Obtained dismissal of all state-court actions. Negotiated and obtained final approval of global non-monetary settlement of federal securities class cases. (Delaware / Northern District of Illinois)
- Lead counsel to Standard Chartered bank in an aiding and abetting class action brought by Brazilian investors against Standard Chartered Bank and Bank of America arising out of those banks’ correspondent relationships with Bank of Europe. Obtained dismissal of all claims on summary judgment. (Southern District of New York)
- Counsel, coordinating counsel and/or settlement counsel to Microsoft in its defense of hundreds of consumer class actions brought around the country by end-users of Microsoft software and direct purchasers of Microsoft software following the Department of Justice’s antitrust case United States v. Microsoft. (Multidistrict litigation coordinated in the District of Maryland; state cases throughout the United States)
- Trial counsel for Microsoft in its defense of more than a dozen consumer class actions alleging anti-trust damages and business fraud claims, including a seven-week jury trial in Minneapolis, Minnesota and a 16-week jury trial in Des Moines, Iowa. Both cases settled on terms favorable to Microsoft. (Federal and state courts throughout the United States)
- Trial counsel for Microsoft in Novell v. Microsoft, an eight-week jury trial in Salt Lake City. Successfully defended against any award in favor of hometown plaintiff Novell. Obtained post-trial judgment as a matter of law that was unanimously affirmed by the U.S. Court of Appeals. (District of Utah/10th Circuit)
- Current counsel to U.S. and non-U.S. companies in significant non-public investigations by the Department of Justice, the United States Attorney’s Office, the Securities and Exchange Commission and several state attorneys general concerning the subprime mortgage crisis, alleged accounting frauds, RICO, money-laundering, market-timing and market manipulation.
- Counsel to Moody’s Investors Service in an industry-wide investigation by the New York State Attorney General’s Office into practices for rating subprime instruments.
- Counsel to Microsoft Corporation in SEC investigation of its accounting for revenue, assets and liabilities.
- Counsel to Diageo in an industry-wide investigation by the New York State Attorney General’s Office into spirits and wine distribution practice