• U.S. News
  • Lawyers »
  • Legal Topics
  • Legal Advice
  • Find a Lawyer
  • For Lawyers
  • FAQ
  • Best Law Firms
  • Lawyers
  • Legal Topics
  • Find a Lawyer
  • Find Legal Advice
  • For Lawyers
  • FAQ
  • Login

  • More from U.S. News
  • News & Opinion
    • BACK
    • News & Opinion
    • News
    • Opinion
    • Photos
    • Best Countries
    • Best States
    • The Report
  • Education
    • BACK
    • Education
    • Higher Education
      • Rankings
      • Colleges
      • Grad Schools
      • Online Programs
      • Global
      • Advice
    • High Schools
      • Rankings
      • Advice
  • Health
    • BACK
    • Health
    • Wellness
      • Best Diets
      • Food
      • Fitness
      • Family
      • Mind
      • Aging
      • Health Living
    • Healthcare
      • Doctors
      • Hospitals
    • Senior Care
  • Money
    • BACK
    • Money
    • Careers
      • Best Jobs
      • Applying
      • Interviewing
      • Salaries & Benefits
      • Work Culture
    • Investing
      • Rankings
      • Stocks
      • Mutual Funds
      • ETFs
      • Financial Advisors
      • 529s
      • Advice
    • Personal Finance
    • Real Estate
      • Places
      • Agents
      • Advice
    • Retirement
  • Travel
    • BACK
    • Travel
      • Vacations
      • Hotels
      • Cruises
      • Rewards
      • Advice
  • Cars
    • BACK
    • Cars
      • Rankings
      • New
      • Used
      • Financing
      • Advice
  • Law Firms
    • BACK
    • Law Firms
      • Law Firms
      • Practice Areas
  • Real Estate
  • Contact
  • Employment
  • Advertising
  • Terms & Conditions / Privacy Policy
  • Home
  • Lawyers
Jay B. Kasner's Profile Image

Jay B. Kasner

Recognized by Best Lawyers® since 2006.
One Manhattan West New York, New York 10001-8602
(212) 735-3000
 | 
Firm: Skadden, Arps, Slate, Meagher & Flom LLP
 |  Website
 
Edit Profile
  • Overview
  • Services
  • Education
  • Contact
  • Client Reviews & Commendations
  • More ▾
  • Overview
  • Services
  • Education
  • Contact
  • Client Reviews & Commendations
Edit Your Profile
To edit your Lawyer Directory information, please login to your
Best Lawyers® Admin Account.
If you have any questions or need assistance, please contact us at info@bestlawyers.com or 803.648.0300.
Overview
Firm

Skadden, Arps, Slate, Meagher & Flom LLP


Years In Practice


Phone Number (212) 735-3000

Jay B. Kasner, Skadden’s national securities litigation practice leader, represents a diverse group of U.S. and international public and private companies and their directors and officers in their most crucial litigation matters.

He has been ranked repeatedly in the top tier for nationwide securities litigation in Chambers USA, is one of only three lawyers listed in Chambers as a “star individual” for New York securities litigation, and received its Business Trial Lawyer Award for Excellence in 2018. He was named a 2018 Distinguished Leader by the New York Law Journal — which also recognized Skadden as its Litigation Department of the Year — and a 2018 Litigation Trailblazer by the National Law Journal. Under Mr. Kasner’s leadership, Skadden’s 80-attorney securities litigation practice was recognized nine consecutive times, including in the 2020 Fearsome Foursome — the four elite litigation practices — and named a “powerhouse” in securities and finance litigation by BTI Consulting.Mr. Kasner has advised or is currently advising numerous public and private companies of various sizes around the world, including, among others:

  • Abercrombie & Fitch
  • Anadarko Petroleum
  • BlackBerry Limited
  • Computer Sciences Corporation (now known as DXC Technology)
  • El Pollo Loco
  • FedEx Corporation
  • News Corporation (now known as 21st Century Fox)
  • Nokia Corporation
  • Pfizer Inc.
  • Officers and directors of Republic Airways, Inc.
  • Sprint Nextel Corporation

Over the course of his career, he also has advised financial services clients worldwide in class action and other litigation, including, among others:

  • Ally Financial Inc.
  • AXA Equitable
  • Banca IMI S.p.A.
  • Bank of America Merrill Lynch
  • Barclays plc
  • BNP Paribas
  • Canadian Imperial Bank of Commerce
  • Citigroup Inc.
  • Deutsche Bank AG
  • Fidelity Investments
  • Goldman Sachs & Co.
  • HSBC
  • J.P. Morgan Chase & Co.
  • Morgan Stanley
  • The Royal Bank of Scotland plc
  • Société Générale S.A.
  • UBS

His victories before the U.S. Supreme Court and various appellate courts throughout the United States include representing, among others:

  • Merrill Lynch in Merrill Lynch v. Dabit, in which he secured a unanimous U.S. Supreme Court decision in the first case in which the Court addressed the provisions of the Securities Litigation Uniform Standards Act of 1998;
  • Merrill Lynch in Lentell v. Merrill Lynch & Co. Inc. — one of Law360’s Securities Cases of the Decade — in which the Second Circuit adopted a standard for pleading loss causation that has been cited hundreds of times;
  • Merrill Lynch & Co. Inc. in the first class action appeal arising from the auction rate securities market collapse, despite an SEC brief calling for the decision’s reversal — a move that could have exposed a wide range of financial institutions to liability. The decision has been cited in more than 300 cases since its issue date;
  • Bank of America and Merrill Lynch against two double-derivative actions, securing a decision at both the district and circuit court levels that set new standards for such claims;
  • Vivint Solar, Inc., several of its officers and directors, and The Blackstone Group in securing a significant Second Circuit decision in a case of first impression that created a circuit split on the standard for determining the disclosure of interim financial data in a prospectus; and
  • The underwriting syndicate of Petrobras’ multibillion-dollar global bond offerings, successfully arguing issues related to the application of the U.S. Supreme Court’s decision in Morrison v. National Australia Bank to class certification proceedings under Federal Rule 23. This was the first time a circuit court applied Morrison at the class certification stage. The case settled favorably while a writ of certiorari regarding class certification was pending before the U.S. Supreme Court.

Mr. Kasner also has represented numerous Europe-based, U.S.-listed companies and their individual officers and directors in securities litigation. These include Autoliv Inc., the former CEO of Porsche Automobil Holding SE, RSA Insurance Group plc, SCOR SE, Seadrill Ltd. and Stena AB, among others.

Additionally, he advises Latin American companies in the defense of a wide range of litigation and regulatory issues, including securities and complex commercial claims, for clients such as BRF S.A., Cimento Tupi S.A., Gerdau S.A., Quiñenco S.A. and Tech Pack S.A. In addition to representing the Petrobras underwriter syndicate, which included Banco Bradesco BBI S.A., Itaú BBA USA Securities, Inc. and Banco do Brazil S.A., he recently has advised:

  • Avianca Holdings S.A. in securing the withdrawal of a New York state action brought by its second-largest shareholder in an attempt to block, among other things, a contemplated strategic partnership between Avianca, Colombia’s largest airline, and United Airlines;
  • Banco Itaú International in obtaining the dismissal of Florida RICO litigation in the Southern District of Florida brought by the Meridian Trust Company involving the Brazilian oil exploration company OGX Petróleo e Gás Participações S.A., among others;
  • Embraer S.A. in securing the dismissal with prejudice of a federal securities fraud class action that resulted in the clarification of company disclosure standards in connection with an ongoing investigation; and
  • Netshoes (Cayman) Limited in securing in the dismissal, and subsequent settlement, of a state securities class action alleging that the company violated the Securities Act of 1933 by making false and misleading disclosures in connection with its IPO.

Mr. Kasner is the recipient of the Judge Joseph M. Proskauer Award from the UJA-Federation of New York, given to distinguished individuals who have shown a deep commitment to philanthropy and whose conduct and service exemplifies the highest ideals of the law (2017); the Judge Simon G. Rifkind Award presented by the Jewish Theological Seminary in recognition of his demonstrated commitment to the letter of the law and for distinguished public service (2014); and the 40th Anniversary George A. Katz Torch of Learning Award from the American Friends of The Hebrew University Lawyers’ Division, Greater New York Region (2010).

What legal services does this lawyer offer?
Bet-the-Company Litigation
Commercial Litigation
Litigation - Securities
Education
Boston University, J.D.
Graduated
Union College - New York, BA
Contact Details and Office Locations
Office: (212) 735-3000
One Manhattan West
New York, New York 10001-8602
New York, New York 10001-8602
See Location
Address for Jay B. Kasner
Client Reviews & Commendations

Get Legal Advice

What To Do When Someone Dies at Home

Juvenile Court Proceedings: How It Differs from Adult Court

Legality and Usage of Asbestos in the U.S.

Obtaining a Patent: Everything You Need To Know

Can I Sue an Airline for Mistreatment?

How To Write a Will

Write a Client Review
{{ error.Text }}
Your client review was submitted successfully!
We've encountered an error while submitting your client review. Please try again later.
This comment will be sent to the attorney for review prior to publishing.
Disclaimer and a note about Find a Lawyer and Legal Advice »

SEARCH BY STATE

▼
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
U.S. News
  • About U.S. NewsAbout
  • Contact
  • Best Lawyers
  • Press
  • Advertise
  • Jobs
  • Copyright 2023 © U.S. News & World Report L.P.
  • Terms & Conditions / Privacy Policy
Login
Forgot your password?
*If you are having any difficulty accessing your account, please contact us at info@lawyerregister.com.
Premium Profiles
Expand Your Presence
Access Exclusive Tools
And Much More...
Learn More
*If you are having any difficulty accessing your account, please contact us at info@lawyerregister.com.
https://www.bestlawyers.com Best Lawyers Best Lawyers +1-803-648-0300
801 Broad Street, Suite 950 Augusta, GA 30901
  • https://twitter.com/bestlawyers
  • https://www.linkedin.com/company/137775
  • https://www.facebook.com/bestlawyersllc