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Lawrence S. Elbaum is a senior associate in the Litigation Department. He focuses on securities and financial services litigation/regulation, non-compete and trade secret matters, and bankruptcy-related proceedings. He has substantial experience in representing companies in the financial sector (including self-regulatory organizations, banks, investment funds and broker/dealers), as well as in the manufacturing and real estate industries.

Clients often call on Lawrence not only for litigation counseling and day-to-day legal advice, but also to prepare employee non-competition and confidentiality agreements, and defend against investigations commenced by various regulators and statutory trustees.

Practice highlights include:

  • Representing The Depository Trust & Clearing Corporation and its registered clearing agency subsidiaries with respect to:
    • Responding to investigations by Securities Investor Protection Act (SIPA) trustees overseeing liquidations of Lehman Brothers, MF Global and the Madoff broker-dealers; and recovering costs and fees incurred in connection with these liquidations from SIPA estates
    • Defense of state and federal court litigations and Securities and Exchange Commission administrative proceedings
    • Day-to-day advice (including compliance with the anti-money laundering provisions of the Bank Secrecy Act and the Securities and Exchange Act of 1934) and drafting related regulatory filings
  • Represented owner of approximately $100 million multifamily apartment building in New York City in its chapter 11 bankruptcy. Assisted in preparation and implementation of plan of reorganization that relieved owner of over $100 million of personal guarantees, recovered a portion of its equity and effectuated sale of building.
  • Representing Bowlmor AMF Corp., the world’s largest owner/operator of bowling alleys, in fee-tail dispute with its former investment banker
  • Representing closely held publishing house in defense of bet-the-company shareholder lawsuit
  • Consulting with private investment funds, corporations and executives in connection with negotiation and/or preparation of restrictive covenant and confidentiality agreements
  • Pro bono representation of New York City in damages hearings concerning class action discrimination claims brought by individuals who failed the city’s firefighter examination

As a Litigation Department designee for the firm's Pro Bono Initiative Committee, Lawrence has assisted with the intake and supervision of scores of pro bono matters. He also has directly handled an array of pro bono assignments over the years, ranging from assisting Holocaust survivors in obtaining reparations from Germany to representing indigent and disabled women in child custody, child support and divorce disputes. 

Lawrence has received several awards for his commitment to pro bono, most recently the Outstanding Civic Leadership Award from Brooklyn Law School and the Family Defender Award from the Brooklyn Family Defense Project, both in 2012.

A published author, he has co-authored articles on emerging issues concerning the Computer Fraud and Abuse Act and securities class action litigations, as well as chapters in treatises on non-competes and trade secrets, and on litigation in New York courts.

Outside the office, Lawrence devotes significant time to several Holocaust charities; The Albert Einstein College of Medicine, whose young leadership board he co-founded; and his high school alma mater, The Golda Och Academy, on whose board he sits and whose alumni society he co-chairs.