Naumon A. Amjed, a Partner of the Firm, concentrates his practice on new matter development with a focus on analyzing securities class action lawsuits, direct (or opt-out) actions, non-U.S. securities and shareholder litigation, SEC whistleblower actions, breach of fiduciary duty cases, antitrust matters, data breach actions and oil and gas litigation. Mr. Amjed is a graduate of the Villanova University School of Law, cum laude, and holds an undergraduate degree in business administration from Temple University, cum laude. Mr. Amjed is a member of the Delaware State Bar, the Bar of the Commonwealth of Pennsylvania, the New York State Bar, and is admitted to practice before the United States Courts for the District of Delaware, the Eastern District of Pennsylvania and the Southern District of New York.
As a member of the Firm’s lead plaintiff practice group, Mr. Amjed has represented clients serving as lead plaintiffs in several notable securities class action lawsuits including: In re Bank of America Corp. Securities, Derivative, and Employee Retirement Income Security Act (ERISA) Litigation, No. 09MDL2058 (S.D.N.Y.) (settled -- $2.425 billion); In re Wachovia Preferred Securities and Bond/Notes Litigation, No. 09-cv-6351 (RJS) (S.D.N.Y.) ($627 million recovery); In re Lehman Bros. Equity/Debt Securities Litigation, No. 08-cv-5523 (LAK) (S.D.N.Y.) ($615 million recovery) and In re JPMorgan Chase & Co. Securities Litigation, No. 12-3852-GBD (“London Whale Litigation”) ($150 million recovery). Additionally, Mr. Amjed served on the national Executive Committee representing financial institutions suffering losses from Target Corporation’s 2013 data breach – one of the largest data breaches in history. The Target litigation team was responsible for a landmark data breach opinion that substantially denied Target’s motion to dismiss and was also responsible for obtaining certification of a class of financial institutions. See In re Target Corp. Customer Data Sec. Breach Litig., 64 F. Supp. 3d 1304 (D. Minn. 2014); In re Target Corp Customer Data Sec. Breach Litig., No. MDL 14-2522 PAM/JJK, 2015 WL 5432115 (D. Minn. Sept. 15, 2015). At the time of its issuance, the class certification order in Target was the first of its kind in data breach litigation by financial institutions.
Mr. Amjed also has significant experience conducting complex litigation in state and federal courts including federal securities class actions, shareholder derivative actions, suits by third-party insurers and other actions concerning corporate and alternative business entity disputes. Mr. Amjed has litigated in numerous state and federal courts across the country, including the Delaware Court of Chancery, and has represented shareholders in several high profile lawsuits, including: LAMPERS v. CBOT Holdings, Inc. et al., C.A. No. 2803-VCN (Del. Ch.); In re Alstom SA Sec. Litig., 454 F. Supp. 2d 187 (S.D.N.Y. 2006); In re Global Crossing Sec. Litig., 02— Civ. — 910 (S.D.N.Y.); In re Enron Corp. Sec. Litig., 465 F. Supp. 2d 687 (S.D. Tex. 2006); and In re Marsh McLennan Cos., Inc. Sec. Litig. 501 F. Supp. 2d 452 (S.D.N.Y. 2006).
Naumon has lectured in the United States and Europe on a variety of topics including, among others, shareholder litigation and emerging trends, the manipulation of the London Interbank Offered Rate (LIBOR) by Panel Banks, the manipulation of foreign exchange rates by custodian banks, litigation involving securities lending programs, manipulation in the sale of closed end funds and the manipulation of royalty deductions by oil and gas companies drilling in the Marcellus Shale. Naumon has also taught CLE courses on shareholder litigation.