Arthur D. Felsenfeld
Partner
Arthur has over 35 years' experience in general commercial litigation, with particular emphasis on securities and broker/dealer litigation and arbitration, accountants' liability, the defense of class and derivative actions, bankruptcy and real estate litigation, and corporate and partnership disputes. Arthur also serves as an arbitrator in commercial, employment and securities matters. He has received an AV rating in Martindale-Hubbell.
Representative Experience
- Representation of accounting firms and securities brokers in litigations, arbitrations and governmental investigations arising out of hedge fund failures
- Representation of securities broker-dealer in arbitrations arising out of customer investments in collateralized mortgage obligations
- Representation of major securities brokerage firm in numerous litigations and arbitrations involving clearing disputes and customer allegations of unauthorized trading, lack of suitability, churning and other trade practices
- Served as an arbitrator in a dispute among members of a limited liability company involving the termination of employment and valuation of ownership interests of a founding member
- Representation of buyers and sellers in litigations and arbitrations arising out of corporate acquisition agreements
- Representation of accounting firms in defense of malpractice actions arising out of audits and other accounting services
- Representation of underwriter in defense of securities and antitrust class actions alleging undisclosed commissions, tie-in arrangements and improper use of analysts relating to allocations of initial public offerings
- Served as sole arbitrator in an AAA arbitration involving the dissolution of a law firm
- Representation of financial advisor in a derivative action challenging a fairness opinion issued by the client in connection with a corporate merger
- Represented an international bank being sued for recovery of over $24 million by a holder of counterfeit checks
- Represented securities broker-dealer in a SIPC proceeding
- Served as Chairman of an arbitration panel in a FINRA arbitration involving claims between a securities broker-dealer and former employees who established a competing firm
- Representation of securities brokerage firm in arbitrations involving disputes with former employees
- Representation of securities broker-dealers and accountants in SEC investigations
- Representation of directors and majority stockholder in stockholders’ derivative action brought by minority stockholders
Publications
- "Inside the Minds: Emerging Applications for ADR," author of chapter: "International ADR Developments: Innovative Approaches to Resolving New Types of Disputes" (January 2010)
- "'Manifest Disregard' after 'Hall Street': The Early Returns" New York Law Journal (September 18, 2008)
- "Soapbox: Federal Arbitration Act Tested" (pdf) The Deal (April 28, 2008)
- "Inadvertent Jury Trial Waiver" New York Law Journal (June 27, 1994)
Events
Panelist
"The Impact of Corporate Governance on Financial Reporting and Capital Markets," NYU Stern School of Business (April 29, 2008)
Speaker
"Drafting Arbitration Clauses: Pre-Nuptials for Businesses," New York City Bar, City Bar Center for CLE (April 7, 2010)
"Regulating Broker-Dealers and Other Investment Entities," NYU Stern School of Business (April 20, 2009)
Professional Recognition
- Top 100 New York Lawyers, Super Lawyers, Metro Magazine (October 2010 and 2011)
- New York Super Lawyer in Business Litigation, Metro Magazine (2007, 2008, 2009, 2010 and 2011)
