Stroock & Stroock & Lavan LLP
Burton M. Leibert is one of eight corporate partners and counsel with principal responsibility for our ongoing representation of nearly 850 mutual funds, closed-end funds, ETFs and business development companies (or their independent board members), as well as investment advisers and other industry service providers. Our clients represent over $1.4 trillion in assets under management (over 7.5% of U.S. investment company assets) that reside in approximately 30 different fund complexes, many of which are household names (e.g., Dreyfus, iShares, Lazard, Legg Mason) or managed by industry leaders within their asset classes or investment strategies (e.g., Apollo, BlackRock, Harding Loevner, Macquarie, Third Avenue, UBS A&Q).
Mr. Leibert specializes in securities law and investment management. Prior to joining Stroock, Mr. Leibert was a Partner at Willkie Farr & Gallagher LLP. He has also served at the United States Securities and Exchange Commission in various positions including Assistant Director of the Division of Investment Management. He also served as counsel for ERISA Regulation and Fiduciary Responsibility at the United States Department of Labor.
Mr. Leibert's recent significant matters include his work on combinations of investment companies, issuance of preferred stock by closed-end investment companies to achieve leverage, and the development of a manager-of-managers structure. He was called upon to lead the investigation with respect to "market timing" and "late trading" in shares of Bank of America's Nations Funds (mutual funds) on behalf of the funds' independent trustees.