Lawrence Elbaum

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Lawrence S. Elbaum is a senior associate in the Litigation Department. He focuses on securities and financial services litigation/regulation, non-compete and trade secret matters, and bankruptcy-related proceedings. He has substantial experience in representing companies in the financial sector (including self-regulatory organizations, banks, investment funds and broker/dealers), as well as in the manufacturing and real estate industries.

Clients often call on Lawrence not only for litigation counseling and day-to-day legal advice, but also to prepare employee non-competition and confidentiality agreements, and defend against investigations commenced by various regulators and statutory trustees.

Latest Articles

In December, we wrote about the recent Supreme Court decision in Owens v. Dart Cherokee Basin Operating Co. In Owens, the Court held that class action defendants need not provide evidentiary submissions in support of their notice of removal of a case from state to federal court. Rather, they need only include in their notices a “plausible allegation” that the amount in controversy exceeds the $5 million jurisdictional threshold set forth in the Class Action
In a pair of recent opinions, the Securities and Exchange Commission (SEC) found that FINRA acted within the scope of its rules and governing statutory scheme in refusing to announce corporate actions for companies whose executives were subjects of regulatory actions alleging securities laws violations. FINRA is a self-regulatory organization (SRO) responsible for regulating the market for securities.  It owns and operates the OTC Bulletin Board (OTCBB), an electronic inter-dealer quotation system that FINRA…
The US Supreme Court ruled on Monday that class action defendants need not provide evidentiary submissions in support of their attempts to remove a case from state to federal court.  Rather, they need only include in their notice of removal a “plausible allegation” that the amount in controversy exceeds the jurisdictional threshold. In Owens v. Dart Cherokee Basin Operating Co., the plaintiff filed a putative class action in Kansas state court, alleging that the energy-company…