Seamus Kaskela

Associate

EDUCATION
  • Saint Joseph's University
    B.S. 2002
  • Pennsylvania State University
    M.B.A. 2007
  • Rutgers University School of Law
    J.D.
ADMISSIONS
  • Pennsylvania
  • USDC, District of New Jersey
  • New Jersey
  • USDC, Eastern District of Pennsylvania
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D.Seamus Kaskela, an associate of the Firm, concentrates his practice in the areas of securities, derivative, mergers & acquisitions and consumer protection case development and client relations. 

 In this position, Seamus researches, initiates and litigates new case matters on behalf of the firm’s clients, and has assisted in the development and initiation of many of the Firm’s recently concluded cases, helping to recover hundreds of millions of dollars for the Firm’s clients and class members.

Experience
Representative Outcomes
  • As co-lead counsel representing the Maine Public Employees’ Retirement System, secured a $500 million settlement for a class of plaintiffs that purchased mortgage-backed securities (MBS) issued by Countrywide Financial Corporation (Countrywide).

    Plaintiffs alleged that Countrywide and various of its subsidiaries, officers and investment banks made false and misleading statements in more than 450 prospectus supplements relating to the issuance of subprime and Alt-A MBS—in particular, the quality of the underlying loans. When information about the loans became public, the plaintiffs’ investments declined in value. The ensuing six-year litigation raised several issues of first impression in the Ninth Circuit. 

  • Represented the Alameda County Employees’ Retirement Association, former shareholders of Lehman Brothers Holdings, Inc., (Lehman) in a case alleging that Lehman made false and misleading statements prior to its unprecedented bankruptcy filing in 2008. 

    The statements, which concerned Lehman’s net leverage, risk management and concentration of risks, were made ’in registration statements and prospectuses used to market numerous offerings leading up to the bankruptcy filing. Despite Lehman’s bankruptcy, we were able to negotiate a $616 million settlement funded by Lehman’s underwriters, auditor and officers and directors.