Jennifer L. Enck

Counsel

EDUCATION
  • Syracuse University College of Law
    J.D. 2003, cum laude
  • Syracuse University's Maxwell School of Citizenship and Public Affairs
    M.A.-International Relations 2003
  • Pennsylvania State University
    B.A.-International Politics/Minor: German 1999
ADMISSIONS
  • Pennsylvania
  • USDC, Eastern District of Pennsylvania
  • USDC, District of Connecticut
  • USCA, Eleventh Circuit
  • USCA, Third Circuit
PDF

Jennifer L. Enck, Counsel to the Firm, concentrates her practice in the area of securities litigation and settlement matters.  Jennifer’s practice includes negotiating and documenting complex class action settlements, obtaining the required court approval for settlements and developing and assisting with the administration of class notice programs. 

Experience
Representative Outcomes
  • Obtained a $2.4 billion settlement in litigation against Bank of America (BoA) relating to its merger with Merrill Lynch & Co. (Merrill). Our clients, Dutch National pension fund PGGM and Swedish National pension fund AP4, alleged that BoA gave shareholders false and misleading information about Merrill’s financial condition and obligations prior to a key vote on the merger. 

    The settlement, which included an undertaking to improve corporate governance policies, was the 6th-largest ever in a securities class action and the largest so far to come out of the subprime meltdown and credit crisis.

  • 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. 

  • Served as co-lead counsel on behalf of Norwegian mutual fund manager SKAGEN A/S in this securities fraud class action against Satyam Computer Services Limited (Satyam) and certain of its former officers and directors and its former auditor PricewaterhouseCoopers International Ltd. (“PwC”), relating to Satyam’s disclosure that its former chairman had falsified the company’s financial reports by inflating reported cash balances by more than $1 billion.

    The news caused the price of Satyam’s common stock and American Depository Shares to collapse. On behalf of the defrauded investors, we secured a $125 million settlement from Satyam as well as $25.5 million settlement from PwC, which allegedly signed off on the misleading audit reports. 

Awards/Ranking

Pennsylvania Rising Star by Super Lawyers (2013)

Membership

Penn State Alumni Association

Community Involvement

Race for Hope Philadelphia, National Brain Tumor Society

Special Olympics Pennsylvania Fall Festival