James Ancone is a partner in the Securities Litigation department of Sadis & Goldberg LLP. His practice focuses on complex commercial litigation before state and federal trial and appellate courts. Jim has significant experience representing domestic and foreign financial firms and directors and officers in shareholder disputes, securities fraud, common law fraud, and breach of contract actions, including actions relating to residential mortgage-backed securities (RMBS), collateral debt obligations (CDOs) and other complex financial products.Jim also has experience representing clients in partnership disputes involving real estate.
Prior to joining Sadis & Goldberg, Jim was counsel in the Litigation and Dispute Resolution practice at Mayer Brown, served as a law clerk to US District Judge Richard M. Berman in the Southern District of New York and US Magistrate Judge Henry B. Pitman in the Southern District of New York.
J.D., Fordham University School of Law, 2007, magna cum laude
B.A., Brown University, 2004
ADMISSIONS
New York
COURT ADMISSIONS
U.S. District Court: Southern District of New York
U.S. District Court: Eastern District of New York
U.S. Court of Appeals: Second Circuit
Experience
LITIGATION & ARBITRATION
Obtained $25 million as part of team representing hedge fund alleging fraudulent valuation of mortgage-backed securities. Forced favorable settlements by defeating motions to dismiss and developing evidence exposing defendants to significant liability.
Multi-million dollar settlement of breach of contract claims on behalf of manufacturer against multinational consumer goods company in AAA arbitration.
Won dismissal of shareholder derivative claims alleging millions in damages on behalf of directors and executives of offshore insurance company in New York Commercial Division.
Won summary judgment on behalf of broker-dealer declaring it was not liable on claims filed by investors. Obtained anti-suit injunction that prohibited investors from litigating their claims against broker-dealer in Uruguay. Bank Leumi USA v. Ehrlich, 98 F.Supp.3d 637 (S.D.N.Y.)
Won dismissal of claims related to $47 million commercial property on behalf of real estate investment company.
GOVERNMENT INVESTIGATIONS
Part of team that successfully defended investor services group against S.E.C. investigation related to alleged improper allocations of personal expenses to a private equity fund. After a multi-year investigation, S.E.C. issued termination letter ending the investigation without any charges.
Obtained S.E.C. termination letter as part of team on behalf of investment fund manager related to S.E.C. investigation focused on manager’s valuation of litigation finance investments.
