Andrew J. Levander

Andrew J. Levander (born 1953) is an American lawyer and partner at the law firm Dechert who advises on securities fraud, commercial litigation and white collar criminal defense matters.[1] A former federal prosecutor, he is known for representing numerous prominent Wall Street companies and executives, as well as global businesses facing litigation crises. He is currently chair of Dechert's policy committee.[1]

Andrew J. Levander
Born1953
NationalityUnited States
EducationTufts University
(B.A.) Columbia Law School (J.D.)
Occupationattorney
Spouse(s)Carol Loewenson
Children2

Education and early career

Levander received his bachelor's degree summa cum laude from Tufts University in 1973. He graduated in 1977 from Columbia Law School,[2] where he was a Kent Scholar and the Notes and Comments Editor of the Columbia Law Review. After completing law school, he clerked for the Honorable Wilfred Feinberg of the U.S. Court of Appeals for the Second Circuit.

From federal prosecutor to private practice

In the late 1970s, Levander was an assistant to the Solicitor General.[3] During this time he made his first argument before the U.S. Supreme Court at age 25,[4] making him the youngest person ever to argue before the Supreme Court.[5] He later served as an Assistant U.S. Attorney in the Southern District of New York's Securities and Commodities Fraud Unit.[6]

Upon leaving the U.S. Attorney's office in 1985, Levander joined New York-based firm Shereff, Friedman, Hoffman & Goodman, where he made a name for himself advising such clients as fund managers David Askin and John Kaweske, former Sunbeam Corporation chairman Paul Kazarian, Saudi arms dealer Adnan Khashoggi, and Haroon Kahlon, an associate of National Commercial Bank of Saudi Arabia chairman Sheik Khalid-Bin-Mahfouz who was implicated in the BCCI scandal.[4] He was named among The American Lawyer's "Forty-Five under 45"[4] for his work in white collar and securities litigation in 1995. Levander continued at Shereff Friedman through that firm's 1998 merger with D.C.-based Swidler & Berlin to form Swidler Berlin Shereff Friedman until joining Dechert with a group of 64 other Swidler lawyers in 2005.[7]

Since joining Dechert, Levander has taken on numerous cases representing high-profile Wall Street executives.[8] In June 2010, he was named chair-elect of the firm's policy committee,[9] a role that he assumed in July 2011.[6]

High-profile representations

Levander obtained an acquittal for Michael Rigas in 2004 on six counts and dismissal on two counts in the Adelphia Communications criminal fraud matter United States v. Rigas, despite the fact that Rigas' father and brother were convicted of the same charges.[3] The case was named among the New York Law Journal's "Top Cases of 2004"[10] and led to The National Law Journal profiling Levander as one of the nation's top 10 litigators of 2005.[3]

Also in 2004, he advised Symbol Technologies, Inc. in its internal investigation related to allegations of accounting fraud as well as subsequent criminal and SEC investigations and related securities class action, derivative and civil litigation.[11] His work on behalf of Symbol was featured in The American Lawyer's February 2005 cover story.[11]

Levander represented former Merrill Lynch CEO John Thain in a 2009 investigation by the New York Attorney General's office regarding executive bonuses paid by Merill before the closure of its sale to Bank of America.[12] The same year, he began defending hedge fund manager J. Ezra Merkin in lawsuits brought by the New York Attorney General and investors connected to the Bernard Madoff ponzi scheme. Levander obtained a dismissal of the federal class action in September 2011[13] and negotiated a settlement with the Attorney General's office in 2012.[14] He also successfully resolved numerous investor claims and in June 2018 he settled the claims with the Madoff Trustee for a net settlement payment to the Merkin funds of $280 million.[15]

He was hired in January 2011 by Hewlett Packard's board of directors to conduct an independent investigation into the departure of CEO Mark Hurd in response to a shareholder lawsuit challenging the payment of up to $53 million in severance to Hurd despite reports that he violated the company's conduct standards.[16] A subsequent derivative lawsuit attacking the independence and thoroughness of that investigation was summarily dismissed in September 2012.[17]

Beginning in 2008 through 2015, Levander represented the 10 independent directors of Lehman Brothers in several securities actions, ERISA class actions, and other related litigation arising from the bank's 2008 bankruptcy.[18] He won a dismissal with prejudice in the ERISA class action in October 2011[19] and settled the main securities class action in December of that year.[20]

He was hired by former New Jersey governor and MF Global CEO Jon Corzine in November 2011 for advice on matters related to that company's collapse.[21] The SEC and the DOJ agreed to close their investigations regarding Corzine in 2013[22]. Subsequently, in 2017 the CFTC agreed to settle its claims of failure to supervise for a $5 million fine.[23]

In 2011 and 2012, Levander obtained a series of victories on behalf of New York real estate investor Rubin Schron in a longstanding dispute regarding the ownership of nursing home operator SavaSeniorCare LLC. In May 2012, the New York State Appellate Division, First Department, upheld a previous ruling that Schron's option to acquire Sava was valid.[24] Subsequently, in September, the New York Supreme Court, following trial, decided that Schron's company, Cammeby's Equity Holdings, could proceed in acquiring Sava through the assumption of $100 million in outstanding debt.[25]

In July 2012, Levander began representing Barclays ex-CEO Bob Diamond amid allegations that the bank was involved in manipulating the LIBOR benchmark interest rate.[26] No charges were brought against Diamond in those matters, and in 2017 Levander convinced the UK's Serious Fraud Office to decline any charges against Diamond in connection with Barclay financial crisis fundraising activities in Qatar.[27] Subsequently, Levander obtained a dismissal of a class action regarding Barclays’ trading operations as to Diamond.[28]

In 2014, Takata Corp. hired Levander to represent the company in connection with multiple congressional, regulatory and criminal investigations; class action; and other legal matters stemming from its recall of defective airbags.[29] He successfully negotiated a settlement with the National Highway Traffic Safety Administration (NHTSA)[29] and then a US$1 billion settlement with the Department of Justice on the company's behalf in 2017.[27]

Levander also began representing 21st Century Fox in connection with multiple sexual harassment claims in 2017, obtaining dismissal of claims brought by several different former employees, including Andrea Tantaros.[27] He is also currently representing Leslie Moonves, former Chairman and CEO of CBS[30], and a partner at Goldman Sachs in the 1MDB scandal.[31]

Recognition

Levander has been listed among the leading lawyers for white-collar crime and government investigations since 2005 by Chambers USA,[32] which has also recognized him for his work in securities litigation and regulation enforcement. In 2010 and 2013, he received Chambers’ individual national Award for Excellence in white collar crime and government investigations.[33][34] He is a member of the American College of Trial Lawyers. [35]

Since 2008, he has been noted for his work in white collar/criminal defense by Benchmark Litigation,[36] The Legal 500 (U.S.) and Best Lawyers in America,[37] the latter of which has also recognized him in its commercial litigation, bet-the-company litigation, corporate governance and compliance law, regulatory enforcement and securities law categories.

Levander was named among The Lawyer's "25 Transatlantic Elite" in 2009.[38] In 2018 as well as five prior years he was named a White Collar MVP by Law360 and The American Lawyer named him a Litigator of the Year.[28]

Personal life

Levander is an active congregant at the Congregation Rodeph Sholom in Manhattan. He is married to Carol Loewenson, an award-winning architect;[39] they live in New York City as do their two sons, Sam and Ben.[40]

Known for his “trademark bow ties,”[26] Levander revealed in a 2005 interview with The National Law Journal that he made the neckware his signature during his 1970s tenure with the solicitor general's office and has kept the look ever since, although he wears a regular tie once a year.[3] After the 5 12 month Adelphia trial, he learned that the jury had given him the nickname “Mr. Bow Tie.”[3]

References

  1. “Andrew J. Levander,” Dechert LLP.
  2. “Columbia Law School Board of Visitors 2011-2012,” Columbia Law School.
  3. E. Heller. “A Former Prosecutor Excels on Defense,” The National Law Journal, June 20, 2005.
  4. K. Dillon, A. Frankel, et al. “The American Lawyer's Forty-Five Under 45,” The American Lawyer, December 1995.
  5. D. Lat "Jenner & Block Associate Argues Her First Case--In the Supreme Court," Above the Law, January 2009.
  6. G. Passarella. “Andrew Levander,” Archived 2012-02-04 at the Wayback Machine The Legal Intelligencer, January 30, 2012.
  7. “Dechert LLP Adds 65 Attorneys From Swidler Berlin Shereff Friedman,” Business Wire, January 3, 2005.
  8. P. Lattman. “Corzine is Said to Hire Criminal Lawyer,” The New York Times, November 4, 2011.
  9. E. Shanahan. “Dechert Announces New Firm Leadership,” Am Law Daily, June 3, 2010.
  10. "The Top Cases of 2004," New York Law Journal, February 28, 2005.
  11. A. Longstreth. “Double Agent,” The American Lawyer, February 2, 2005.
  12. A. Longstreth. “John Thain Taps Dechert's Andrew Levander for New York AG Probe,” The American Lawyer, January 27, 2009.
  13. G. McCool. “Merkin Funds Win Dismissal of Madoff Lawsuits,” Reuters, September 26, 2011.
  14. D. Henriques. “Hedge Fund Manager to Pay $405 Million in Madoff Settlement,”, The New York Times, June 24, 2012.
  15. A. Scurria. “Madoff Feeder Fund Strikes $280 Million Trustee Settlement,” The Wall Street Journal, June 13, 2018
  16. J. Rosenblatt, S. Pearson. “HP’s Probe of Hurd’s Departure to Be Conducted by Dechert Lawyer,” Bloomberg, January 27, 2011.
  17. E. Geiger Smith. “Lawsuit over HP ex-CEO Hurd payout dismissed,” Reuters, September 25, 2012.
  18. “In Re: Lehman Brothers Securities and ERISA Litigation,” Law360
  19. A. Longstreth “Ex-Lehman directors win ruling over retirement plan,” Reuters, October 2011.
  20. “$507M In Settlements Reached With Lehman Officers, Directors, Underwriters,” LexisNexis Communities Corporate and Securities Law Community, December 7, 2011.
  21. A. Lucchetti. “MF Global CEO Corzine Hires Lawyer,” The Wall Street Journal, November 3, 2011.
  22. S. Patel. “Jon Corzine will not face criminal charges over MF Global: report,” MarketWatch, July 8, 2013
  23. B. Protess“Corzine Reaches $5 Million Settlement With Regulators in MF Global Case,” New York Times, January 5, 2017
  24. J. Dye. “Court rejects bid to throw out agreement in Sava nursing home case,” Thomson Reuters News and Insight, May 23, 2012.
  25. E. Hornbeck, “Ex-Troutman Atty's $120M Claim Can't Stop Nursing Home Deal,” Law360, September 7, 2012.
  26. S. Slater, A. Viswanatha. “Exclusive: Barclays’ Diamond Turns to Top Lawyer for Libor Scandal,” Reuters, July 13, 2012.
  27. “MVP: Dechert's Andrew Levander,” Law360, December 15, 2017
  28. "MVP: Dechert's Andrew J. Levander," Law360, December 12, 2018
  29. K. Friefeld. “Exclusive: Takata retains prominent lawyer Levander in air bag scandal,” Reuters, November 18, 2014
  30. [https://www.wsj.com/articles/leslie-moonves-to- fight-cbs-decision-to-withhold-120-million-severance-11547737633] "Leslie Moonves to Fight CBS Decision to Withhold $120 Million Severance,"] Wall Street Journal, January 17, 2019
  31. "DOJ Pauses 1MDB Forfeiture Cases To Go After Individuals," Law360, August 11, 2017
  32. “Andrew J. Levander,” Chambers and Partners.
  33. Archived 2016-03-08 at the Wayback Machine”Dechert’s Product Liability Practice, Andrew J. Levander Receive Chambers USA Awards for Excellence,” Dechert LLP, June 11, 2010.
  34. "Andrew J. Levander - Dechert LLP," Chambers and Partners.
  35. “New York,” Benchmark Litigation.
  36. “Andrew J. Levander”, Best Lawyers
  37. “The Transatlantic Elite 2009: Profits of Gloom,” The Lawyer, March 2009.
  38. "Carol Loewenson, FAIA, LEED AP" Mitchell Giurgola.
  39. American Friends of the Hebrew University: "Andrew J. Levander" Archived October 29, 2013, at the Wayback Machine retrieved October 27, 2013
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