MoloLamken LLP

MoloLamken LLP is a national litigation boutique that handles a broad range of complex litigation, ranging from securities fraud cases to white-collar defense matters. Steven Molo in New York leads the practice and is known as a compelling courtroom advocate, which helps him to reach significant settlements, often on the eve of trial. He recently achieved a $14m settlement in a long-running 10b-5 securities fraud stockholder class action against Dakota Plains, which transported oil developed from fracking in North Dakota to the coasts. Molo and Washington DC-based partners Robert Kry  and Lauren Weinstein are currently representing Deutsche Bank National Trust Company in one of more than a dozen suits that the firm is handling for securitization trustees against sponsors and originators of defective subprime mortgage loan securitizations in federal and state courts. In this case, investors lost more than $495m. New York-based Justin Ellis worked with Molo to assist Contrarian Capital Management LLC with its breach of contract actions arising out of the failure by Venezuela and its state-owned oil company, PDVSA, to pay principal and interest on debt in excess of $1bn.