McLaughlin & Stern, LLP

Biography

Lee S. Shalov is a partner and member of the firm's Litigation and Financial Services Department. He concentrates his practice in complex commercial litigation with an emphasis on prosecuting and defending securities class actions, employment class actions, derivative actions, and mutual and hedge fund actions. Mr. Shalov has litigated cases throughout the country and represented companies and hedge funds located in England, Germany, and China. He also has substantial trial experience, having conducted jury and non-jury trials in Federal and State Court.

Some of Mr. Shalov's representative engagements include the following:

• Trial counsel in In re: Globalstar Securities Litig., which settled for $20 million after Plaintiffs rested their case. In commenting on the efforts of Plaintiffs' trial team, the Honorable Kevin P. Castel observed that Mr. Shalov and his colleagues "have all done a terrific job in presenting the case for the plaintiffs."
• Co-lead counsel in Ludwig V. Pret A Manger, a class action on behalf of employees who were denied overtime compensation.
• Co-lead counsel in In re Dreyfus Aggressive Growth Mutual Fund Litig., which resulted in an $18.5 million recovery on behalf of investors in the Dreyfus Aggressive Growth Fund.
• Lead trial counsel for Audiovox Corporation in Audiovox Corp. v. Benyamini, which resulted in a plaintiffs' jury verdict in connection with the enforcement of a corporate guaranty.
• Co-lead counsel in Baan Company  Sec. Litig., a securities fraud class action that resulted in a $32.5 million recovery for the class.
• Representing a China-based company and its senior executives in a securities fraud class action and derivitive action.
• Co-lead counsel in Baird v. Thomson Consumer Electronics, a consumer class action that made available $100 million in cash and other benefits to purchasers of defective products.
• Lead trial counsel in a class and derivative action against Wayne Huizenga and other directors of Florida Panthers Holdings, Inc.
• Representing investors in hedge funds defrauded in the Bernard Madoff and Thomas Petters Ponzi schemes.
• Lead or co-lead counsel in a number of securities class actions that generated substantial recoveries for investors, including: In re Winstar Securities Litigation (S.D.N.Y.) (settlements totaling over $30 million); In re Recoton Securities Litigation (M.D. Fla.) (settled for $3.6 million); Cheney v. Cyberguard Corp. (S.D. Fla.) (settled for $10 million); Baker v. Health Management Systems, Inc., et al. (E.D.N.Y.) (settled for $2.45 million); and Varljen, et al. v. H.J. Meyers & Co., Inc., et al. (S.D.N.Y.) (settled for more than $5 million).

Mr. Shalov has been regularly cited in the press for his innovative efforts on behalf of aggrieved consumers and investors. He has also been recognized in New York's "Super Lawyers" for 2007 through 2010, which is a competitive selection of the top five percent of attorneys in each state, as chosen by their peers and through independent research.  More information on the selection process can be obtained at SuperLawyers.com.