Stephen W. Tountas is a versatile trial lawyer who prosecutes and defends complex securities, antitrust and commercial disputes on behalf of leading hedge funds, mutual funds and public pension funds.
Steve has been a principal member of several high-profile trial teams and has recovered billions of dollars for stakeholders of public companies. He also regularly handles significant defense-side litigation, including matters arising from allegations of securities fraud and corporate malfeasance.
In addition to his active litigation practice, Steve develops potential cases for his clients and provides strategic advice regarding the relative merits of pursuing litigation on a direct or class-wide basis.
Steve was named a “Future Star” by Benchmark Litigation (2017-2018) and has been recommended for securities opt-out litigation by The Legal 500 (2018-2019). Steve has also been honored as a “Rising Star” by Law360 (2017) in the field of class actions.
- Valeant Opt-Out Litigation. On behalf of several mutual funds, a public pension plan, and other institutional investors, pursuing direct claims arising under the federal securities laws and New Jersey RICO Act against Valeant and certain former officers and directors.
- Adeptus Health Opt-Out Litigation. On behalf of a hedge fund that owned one of the largest equity positions of Adeptus prior to its multi-billion dollar bankruptcy, pursuing direct claims against Adeptus’ former officers, directors, and private equity sponsor.
- Eros International Securities Litigation. On behalf of a leading Bollywood film producer, led the day-to-day defense of a putative securities class action and successfully argued before the U.S. Court of Appeals for the Second Circuit to secure the dismissal, with prejudice, of all alleged securities fraud claims.
- SunEdison Direct Creditor Litigation. On behalf of numerous prominent hedge funds, secured a favorable settlement arising from a claim for fraud against SunEdison’s officers and directors following the dramatic multi-billion dollar bankruptcy of SunEdison.
Last updated September 2019