Jai K. Chandrasekhar

Senior Counsel
New York

Tel: +1 (212) 554-1484
Fax: +1 (212) 554-1444Download vCard

Jai 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; In re Bristol Myers Squibb Co. Securities Litigation, in which a settlement of $125 million was achieved for the class; In re Schering-Plough Corp./ENHANCE Securities Litigation, in which a settlement of $473 million was achieved for the class; In re comScore, Inc. Securities Litigation, in which a settlement of $27 million in cash and $83 million in stock was achieved for the class; and In re Volkswagen AG Securities Litigation, in which a settlement of $48 million was achieved on behalf of purchasers of Volkswagen AG American Depositary Receipts (“ADRs”).

Jai is currently counsel for the plaintiffs in In re Evoqua Water Technologies Corp. Securities Litigation, a securities class action arising from misrepresentations in the registration statement for Evoqua’s initial public offering of common stock and subsequent statements to investors. Plaintiffs allege that the registration statement and subsequent statements included false and misleading statements about Evoqua’s numerous purportedly successful acquisitions and purportedly effective salesforce. He is also counsel for the plaintiffs in In re Micro Focus International, plc Securities Litigation, a securities class action arising from misrepresentations in the registration statement for shares issued in Micro Focus’s acquisition of the software business of Hewlett Packard Enterprise and in subsequent statements to investors. Plaintiffs allege that the registration statement and subsequent statements included false and misleading statements about the impact of the acquisition, including disruptions in customer accounts, worsening revenue trends, and massive employee attrition.

Jai is also a member of the firm’s Global Securities and Litigation Monitoring Team, which monitors global equities traded in non-U.S. jurisdictions for prospective and pending international securities matters, and provides critical analysis of options to recover losses incurred on securities purchased in non-U.S. markets.

Before joining BLB&G, Jai 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.

Jai is a member of the New York County Lawyers Association, where he serves as Secretary and is a member of 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.

Education

  • Yale Law School, 1997, J.D., Book Review Editor, Yale Law Journal
  • Yale University, 1987, B.A., Phi Beta Kappa

Bar Admissions:

  • New York
  • U.S. District Court, Southern District of New York
  • U.S. District Court, Eastern District of New York
  • U.S. Court of Appeals, Second Circuit
  • U.S. Court of Appeals, Third Circuit
  • U.S. Court of Appeals, Fifth Circuit
  • U.S. Court of Appeals, Federal Circuit
  • U.S. District Court, Western District of Wisconsin