John Dellaportas is co-chair of Kelley Drye’s Securities Litigation and Enforcement practice. John has more than two decades of experience representing clients in high-stakes commercial, securities litigation and arbitration matters, and thrives under the challenge of achieving the right result or a win for his clients.
John aggressively defends clients in shareholder class action suits and civil enforcement actions, as well as investigations brought by the U.S. Securities and Exchange Commission (SEC). John also handles cases involving mergers and acquisitions, government contracts, commercial real estate and intellectual property matters. He is also lead counsel to government contractors on major procurement disputes and bid protests. John serves as an arbitrator and court-appointed fiduciary in financial services and real estate proceedings.
Notably, in 2012, John served as lead trial counsel to Bruce Bent, co-inventor of the money market fund, and his son Bruce Bent II, in an SEC civil enforcement action against them. Following a month-long trial, a Manhattan federal jury rendered a unanimous verdict in favor of the Bents, clearing them of all SEC Rule 10b-5 and other securities fraud charges. That courtroom victory earned John both “Litigator of the Week” honors from The Am Law Litigation Daily in November 2012, and a “Litigator in the Spotlight” recognition by The American Lawyer in January 2013. John’s closing arguments were highlighted in the November 7, 2012 issue of The Wall Street Journal (“Fund’s 2008 Woes Likened to Sandy”). After the trial, Bloomberg TV interviewed John about the case for its “Rainmakers” series.
A frequent writer and lecturer on securities law topics, John most recently authored chapters on the Investment Advisers Act of 1940 and the Trust Indenture Act of 1939 for the Thomson Reuters treatise Securities Crimes, 2nd ed. In 2009, he was a featured presenter at AsiaLaw’s 4th Annual Dispute Resolution Summit in Singapore, where he spoke on “Dispute Resolution in a Financial Crisis.”
NYC Bar Association, Transportation Law Committee chair, 2010–2013
Battery Park City Homeowners Coalition, Inc., chairman, 2016–present
President, Liberty House Condominium, Board of Managers, president, 2013–present
Stop the Chop NYNJ, Inc., president 2015–present
Lead counsel to the Reserve Primary Fund’s senior management in a billion-dollar shareholder class action brought after a $62 billion money market fund “broke the buck.” Negotiated a successful class settlement approved by the U.S. District Court for the Southern District of New York.
Lead counsel to the Reserve International Liquidity Fund and its senior management in an interpleader action brought in federal court over the liquidation of a $4 billion offshore investment fund. Negotiated a successful global settlement resolving the disputes, which spanned five different jurisdictions.
Appointed by U.S. District Judge Kimba M. Wood to serve as corporate receiver for a failed broker-dealer firm, on recommendation from the Commodity Futures Trading Commission (CFTC).
Successfully defended four major investment firms in multibillion-dollar duty lawsuits brought by a junior noteholder class and asbestos trust, respectively, in connection with the National Gypsum Company bankruptcy proceedings. Obtained summary judgment in favor of all four clients, which was ultimately affirmed by the Texas Supreme Court.
Co-lead trial counsel to a telecommunications infrastructure manufacturer, Rohn Industries, in a case involving a breach of asset purchase agreement. Obtained a $20 million judgment for our client in Delaware, following a bench trial and the successful appeal to the Delaware Supreme Court.
Lead counsel to a Daewoo affiliate in confirmation and attachment proceedings relating to an American Arbitration Association (AAA) arbitration. Successfully obtained the confirmation of a $17 million award.
Co-lead trial counsel to a Samsung affiliate in a week-long International Chamber of Commerce (ICC) arbitration. Obtained an award for the client defeating a $10 million breach of contract claim.
Co-lead trial counsel to a leading manufacturer of chemical road deicers, Sears Ecological Applications Co., in patent litigation and U.S. Patent and Trademark Office (PTO) proceedings. Obtained a favorable jury verdict on all infringement, invalidity, inequitable conduct and trade secrets counts.
Lead trial counsel for a major transit bus manufacturer, New Flyer of America (fka NABI), on government contract and related procurement matters. Litigated successful bid protests overturning two losing awards from local transit agencies, each resulting in a contract award to NABI worth more than $100 million.
Represented a then-leading Nasdaq market-maker defendant, Montgomery Securities, in In re Nasdaq Market-Makers Antitrust Litigation and in parallel investigations by the Department of Justice (DOJ), the SEC and the National Association of Securities Dealers (NASD).
Appointed by the New York City Bar Association to serve as chair of a three-member arbitration tribunal overseeing a $20 million commercial real estate dispute.
Obtained a $3.3 million interpleader judgment in favor of a Spanish telecommunications company, Itete Spain, awarded as a discovery sanction and affirmed by the Second Circuit.
Named "Litigator in the Spotlight" by The American Lawyer, January 2013.
Named "Litigator of the Week" by The Am Law Litigation Daily, November 2012.
Hellenic-American Bankers Association
NYC Bar Association, Securities Litigation Committee
Securities Industry and Financial Markets Association (SIFMA)