Adam M. Harris
Adam is counsel in Ropes & Gray’s Litigation and Enforcement practice, based in New York. Adam focuses on complex business litigation, including securities class action defense, breach of contract cases, deal-related litigation, breach of fiduciary duty claims, corporate governance disputes, and civil fraud and RICO claims.
Adam has significant courtroom experience and represents clients before trial and appellate courts nationwide. His clients have included leading investment banks, private equity firms, Fortune 500 companies, prominent real estate developers, and corporate officers and directors.
Adam maintains an active pro bono practice with a focus on civil rights and civil liberties, and has served as trial counsel in several high-profile pro bono matters.
Adam has been recognized by Super Lawyers every year since 2015 as a “Rising Star” in the New York Metro Area.
- Currently representing Stemline Therapeutics, Inc. and its officers and directors in a putative class-action securities fraud litigation arising from Stemline’s alleged failure to disclose adverse events in a clinical drug trial that occurred just prior to a $50 million public offering of securities. The Southern District of New York recently granted our motion to dismiss the case for failure to state a claim for violation of the federal securities laws.
- Secured complete dismissal on behalf of pharmaceutical company Shire in the Delaware Court of Chancery of a $450 million claim by shareholders of SARcode that milestone payments were due based upon the results of clinical trials of SARcode’s key product after that company’s acquisition by Shire.
- Obtained dismissal on behalf of Costco Wholesale Corporation in in the Southern District of New York in an action in which plaintiffs alleged that Costco aided and abetted fraud and entered into a conspiracy to defraud in connection with a multi-billion dollar Ponzi scheme. The Second Circuit affirmed the dismissal in July 2016.
- Trial counsel for the Official Committee of Unsecured Creditors of LINN Energy, LLC, an independent oil and natural gas production company, in Chapter 11 proceedings in the Southern District of Texas.
- Counsel to a leading investment banking firm in litigation filed in the SDNY alleging breach of contract in connection with an alleged commitment to finance the acquisition of a hospital facility in Georgia.*
- Counsel to a third-party insurance administrator in two RICO litigations in federal courts in California and Arizona alleging that purported mishandling of insurance claims amounted to mail and wire fraud.*
- Counsel to CIT Group Inc., its Board of Directors, and several of its senior-most officers in a series of consolidated shareholder class action securities lawsuits, and related derivative litigation, in the SDNY relating to the subprime mortgage and student lending businesses.*
- Counsel to NetSpend Holdings, Inc. and its Board of Directors in defeating a motion seeking to enjoin a shareholder vote on NetSpend’s proposed $1.4 billion acquisition by Total System Services, Inc.*
- Obtained dismissal with prejudice on behalf of the outside directors of ChinaCast Education Corporation in a putative securities class action lawsuit in the Central District of California arising from a scheme by ChinaCast’s former CEO and several of his associates, including the Company's former CFO, to loot ChinaCast of cash and other assets.*
- Trial counsel for the Texas League of Young Voters in Texas v. Holder, in which a three-judge panel sitting in the in the U.S. District Court for the District of D.C. found Texas’s voter ID law invalid under the Voting Rights Act.*
- Counsel for several state conferences of the NAACP as amici before the U.S. Supreme Court in Shelby County v. Holder.*
Representations denoted with an asterisk were completed prior to joining Ropes & Gray.
- Gregg Weiner, Adam Harris and Caitlin Giaimo, “'Consent by Registration' Theory of Jurisdiction: Are Its Days Numbered?,” The New York Law Journal (November 28, 2016)
- Israel David & Adam M. Harris, “Untangling a Statutory Web: Arguing Conflicting Jurisdictional Provisions for Securities Act Class Actions after CAFA,” New York Law Journal (July 19, 2010)
Assisted in the preparation of the following:
- Gregg L. Weiner and Israel David, “Securities Fraud Cases Brought Under Item 303,” New York Law Journal (May 28, 2015)
- David B. Hennes, “Now What? Managing Litigation Risk in a Post-Merger Boardroom,” NACD Directorship Supplement (November/December 2014)
- Gregg L. Weiner and Israel David, “Disclosing ‘Trends’ in Securities Offerings: Lessons From ‘Facebook’,” New York Law Journal (April 14, 2014)
- David B. Hennes, “More Deal Litigation? Appraisal Suits on the Rise,” NACD Directorship (September/October 2013)