Mr. Chandrasekhar prosecutes securities fraud litigation for the firm's institutional investor clients. He has been a member of the litigation teams on many of the firm's high-profile securities cases, including In re JPMorgan Chase & Co. Securities Litigation, in which a settlement of $150 million was achieved for the class; In re MF Global Holdings Ltd. Securities Litigation, in which settlements totaling $234.3 million were achieved for the class; In re Refco, Inc. Securities Litigation, in which settlements totaling $367.3 million were achieved for the class; and In re Bristol Myers Squibb Co. Securities Litigation, in which a settlement of $125 million was achieved for the class.
Mr. Chandrasekhar is currently counsel for the plaintiffs in In re Facebook, Inc., IPO Securities and Derivative Litigation, a securities class action arising from misrepresentations and omissions in the registration statement for Facebook’s initial public offering (“IPO”) of common stock. Plaintiffs allege that the registration statement did not accurately disclose the impact that increasing usage of Facebook on mobile devices was having on the company’s revenue at the time of the IPO. He is also counsel for the plaintiffs in In re Volkswagen AG Securities Litigation, a securities fraud class action which recently resulted in a $48 million recovery on behalf of purchasers of Volkswagen AG American Depositary Receipts (“ADRs”). The action arose from Volkswagen’s undisclosed use of illegal “defeat devices” in its diesel vehicles to cheat on nitrogen-oxide emissions tests and the company’s false statements that its vehicles were “environmentally friendly” and complied with all applicable emissions regulations.
Before joining BLB&G, Mr. Chandrasekhar was a Staff Attorney with the Division of Enforcement of the United States Securities and Exchange Commission, where he investigated securities law violations and coordinated investigations involving multiple SEC offices and other government agencies. Before his tenure at the SEC, he was an associate at Sullivan & Cromwell LLP, where he represented corporate issuers and underwriters in public and private offerings of stocks, bonds, and complex securities and advised corporations on periodic reporting under the Securities Exchange Act of 1934, compliance with the Sarbanes-Oxley Act of 2002, and other corporate and securities matters.
Mr. Chandrasekhar is a member of the New York County Lawyers Association, where he serves on the Board of Directors, the Executive Committee, the Federal Courts Committee, and the Board of Directors of the New York County Lawyers Association Foundation. He is also a member of the New York City Bar Association, where he serves on the Professional Responsibility Committee, and the New York State Bar Association.