Joshua A. Materese

Associate

EDUCATION
  • Syracuse University, Newhouse School
    B.S.-Communications 2006, magna cum laude
  • Temple University Beasley School of Law
    J.D. 2012, cum laude
ADMISSIONS
  • Pennsylvania
  • New Jersey
  • USDC, Eastern District of Pennsylvania
  • USDC, District of New Jersey
  • USDC, District of Colorado
  • USCA, Second Circuit
  • USCA, Third Circuit
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Joshua A. Materese, an associate of the Firm, concentrates his practices at Kessler Topaz in the areas of securities fraud litigation and consumer protection. In these roles, Josh works with individuals and many types of institutional investors, including pension funds, mutual fund managers, insurance companies, asset managers and hedge funds.  His experience includes traditional class actions, direct actions, fiduciary actions and mediations.  

Josh has served as a member of the litigation teams responsible for prosecuting a number of the firm’s significant securities cases in federal courts throughout the United States.  Currently, he serves as a member of the team prosecuting In re JPMorgan Chase & Co. Securities Litigation, a securities fraud class action arising out of misrepresentations and omissions concerning JPMorgan’s Chief Investment Office, the company’s risk management systems, and the trading activities of the so-called “London Whale,” which led to more than $6 billion in losses due to massive proprietary bets placed on exotic credit derivatives. Josh has also litigated numerous cases alleging claims against mortgage lenders and insurers on behalf of classes of consumers and borrowers. 

Josh also has significant experience litigating in the appellate forum.  While at Kessler Topaz, he has played a significant role in the briefing and management of several complex appeals before the United States Court of Appeal for the Second and Third Circuits.  

Experience
Representative Outcomes
  • Led class action on behalf of participants in JPMorgan Chase Bank’s (JPMorgan) securities lending program that incurred losses on JPMorgan’s investments in medium-term notes issued by Sigma Finance, Inc. 

    Our clients, the American Federation of Television & Radio Artists Retirement Fund and the Imperial County Employees’ Retirement System, asserted claims for breach of fiduciary duty under ERISA, as well as common law breach of fiduciary duty, breach of contract and negligence. During discovery, the parties produced and reviewed hundreds of thousands of pages of documents, took 40 depositions and submitted 21 expert reports. The case settled on the eve of trial for $150 million.