Aurora Cassirer

Partner

Executive Committee Member

New York
Business Phone: 212.704.6249
Business Fax: 212.704.5900

aurora.cassirer@troutmansanders.com

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An experienced trial attorney, Aurora’s varied litigation practice has included many commercial, banking, insurance, real estate, employment and professional liability matters. She has had substantial experience in securities fraud class actions, breach of contract, qui tam, fraud, and valuation actions. She has counseled companies experiencing financial difficulties and has represented various financial institutions, including foreign and domestic banks, seeking to restructure debt. In the area of professional liability, she has defended professional liability claims against actuaries, attorneys and consultants. Aurora served as Receiver for Starr & Co., LLC. and Starr Investment Advisors, LLC in the SEC v. Kenneth Ira Starr matter, and has served as the Chapter 11 Trustee in a complex bankruptcy case, The Estate of David Schick (1996—2004) which generated various litigations and reported decisions. She has also represented a number of creditors in bankruptcy cases.

Representative Experience
Acted as Receiver in SEC v. Kenneth Ira Starr, Starr Investment Advisors, LLC, and Starr & Co, LLC, United States District Court for the Southern District of New York, 10 Civ. 4270 (SHS), a fraud case involving numerous claimants and at least $59 million in damages. June 2010-January 2012.

Acted as Monitor in SEC v. Kenneth Ira Starr, Starr Investment Advisors, LLC, and Starr & Co, LLC, United States District Court for the Southern District of New York, 10 Civ. 4270 (SHS) from June 1 to June 7, 2010.

Acted as Trustee in bankruptcy in connection with a real estate Ponzi scheme where the estate consisted of close to $300 million and recovery to the creditors was approximately 40%. (In re Schick, Chapter 11, Case Nos. 96 B 42902 (SMB), 96 B 43969 (SMB) 96 B 46282 (SMB) (Jointly Administered) Chapter 11, Case No. 96 B 45033 (SMB), - United States Bankruptcy Court for the Southern District of New York). Issues included those relating to fiduciary liability, secured transactions, money laundering, tracing of funds to Europe and the Middle East.

Represented the technology transfer arm of an Israeli University in an action which arose out of a Research and License Agreement dispute. Motion to dismiss granted on forum non conveniens grounds. Gordon v. Ramot-At-Tel-Aviv University, 13 Civ. 5105 (AT), 2014 U.S. Dist. LEXIS 49376 (SDNY, April 8, 2014). Motion for reconsideration denied, 13 Civ. 5105 (AT), 2014 U.S. Dist. LEXIS 84238 (SDNY June 5, 2014)

Representation of companies including those in the telecom and other industries in connection with securities fraud class actions; (In re Cellular Technical Services Securities Litigation, Master File No. C97-1155WD – United States District Court for the Western District of Washington; In re Nice Systems, Ltd. Securities Litigation, Master File No. 2:01-CV-737 (JAG) – United States District Court for the District of New Jersey; In re TTI Securities Litigation, Master File No. 2:04-CV-04305 (PGS-ES)—United States District Court for the District of New Jersey); Sarit Tamar v. MIND CTI, Ltd. et al., 09 Civ. 7132 (RMB), 2010 U.S. Dist. LEXIS 7689 (SDNY, July 2, 2010).

Representation of Board in connection with special investigation under the Foreign Corrupt Practices Act of actions relating to the sale of medical devices in Nigeria.

Representation of Fortune 50 Company in connection with a special investigation of employee allegations in connection with due diligence relating to the acquisition of a privately held company.

Representation of consulting subsidiary of Fortune 50 insurance broker in connection with claim by union that it had rendered negligent advice which had resulted in under funding of the health and welfare plan.

Representation of reseller of telephone services in connection with breach of contract and fraud action against AT&T Corp. (Telecom International America, Ltd. v. AT&T Corp., Civil Action No. 96 Civ. 1366(AKH) – United States District Court for the Southern District of New York).

Representation of real estate developer in connection with partnership disputes and charges of defalcation by contractor/partner.

Representation of Fortune 50 insurance broker in connection with employee embezzlement and bank negligence issues.

Representation of defense industry subcontractor in connection with a qui tam action relating to overcharge of transducers (United States ex rel. Hyatt v. Northrup Corp., Civil Action No. CV-93-02529-KN – United States District Court for the Central District of California).

Representation of foreign diamond dealer in connection with partnership dispute and charges of IP infringement in a three-week arbitration proceeding.

Representation in arbitration proceedings of seller against a major utility relating to wrongful termination of a contract under a material adverse change clause.

Representation of publicly held telecom company in arbitration by executive claiming inter alia fraudulent inducement to sell his shares.

Presentations and Speaking Engagements
Attorney Client Privilege/Internal Investigations/Crisis Management – Joint NYSBA International Section and the Tel Aviv District of the Israel Bar Association, 2014 Regional Meeting , US/Israel Connections , Tel Aviv, Israel, June26, 2014

There’s a New Sheriff in Town: Receivers, Trustees, Monitors and Examiners – The Ins and Outs of Appointments, Powers and Appropriateness, Compliance , Risk Regulation & Investigation Conference, New York Chapter of the Association of Certified Fraud Examiners, October 24-25, 2013.

Hot Topics for Global Corporate Counsel – 13th Annual Conference of the Israel Bar Association & 4th Joint Conference with the American Bar Association Section of International Law, Eilat, Israel, May 26-29, 2013.

Understanding the CFPB and State Attorneys General Regulatory Issues Relating to Debt Collection, Credit and Collection News Webinar, March 7, 2013.

The Current Climate in Securities Litigation, US-China Capital Forum, New York University School of Law, April 17, 2012.

The Trend in Securities Litigation in the United States, Brean Murray Growth Conference, Beijing, China, June 2011.

Whistleblower Provisions of Dodd-Frank Act, NYC Bar Association, May 2011.

Effects of Globalization on the Legal Profession: Recent Developments in the U.S. in Securities Class Action Pleading Requirements - International Bar Association and the Israel Bar, Eilat, Israel, June, 2009.

Publications
Co-Author, “Privilege Issues for Multijurisdictional In-house Counsel,” Corporate Counsel Magazine, September 23, 2014.

"Private Equity Funds - Beware of Potential Exposure to ERISA Pension Liabilities of Your Portfolio Companies," by Jeffery R. Banish, Aurora Cassirer, Jonathan A. Kenter and John Owen Gwathmey, TerraLex, October 2013.

"The Consumer Financial Protection Bureau Raises the Stakes," by Aurora Cassirer and Eric Unis, Financial Fraud Law Report, June 2013.

"Maximizing the Recovery of assets from the Trustee's Perspective," by Aurora Cassirer and Lee W. Stremba, Financial Fraud Law Report, July/August 2009.

"Truth and Consequences? How to Avoid Employee Claims of Defamation," by Aurora Cassirer Scott Feldman, and Devin M. Ehrlich, ACC Docket, September 2006, Volume 24, No. 8.

"Litigating as a Class for Overtime Pay," by Aurora Cassirer and Scott Feldman, New York Law Journal, February 10, 2003.

Firm Management Responsibilities
Member, Executive Committee

Member, Compensation Committee

Managing Partner of the New York Office of Troutman Sanders LLP, 2005-2012

Business Collaboration Partner, Business Litigation Section, 2014-

Other Distinctions
Listed in Law & Politics’ New York Super Lawyers – Metro Edition (2008-2015) for excellence in Business Litigation

AV Rated, Martindale Hubbell

2008 Honoree of the United Way of New York City's Women United in Philanthropy

Member, Board of Directors of Kids In Need of Defense, KIND

Member, Board of Governors of Jerusalem College of Technology (Machon Lev)

Member, Board of Directors, American Friends of Jerusalem College of Technology

Member, Board of Directors, NY Lawyers for the Public Interest (2009-2011)

Chair, Advisory Board of KIND (Kids in Need of Defense)

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Education

  • New York University, J.D.,
  • Brooklyn College of the City University of New York, B.A.,


Bar Admissions

  • New York
  • New Jersey


Court Admissions

  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Eastern District of New York
  • U.S. District Court for the Northern District of New York
  • U.S. District Court for the District of Columbia
  • U.S. Court of Appeals for the Second Circuit
  • U.S. Court of Appeals for the Third Circuit
  • U.S. Court of Appeals for the Ninth Circuit
  • U.S. Supreme Court


Memberships

  • Member, Departmental Disciplinary Committee for the First Judicial Department (Supreme Court Appellate Division) (2008-2013)
  • New York State Bar Association’s International Section Co-Chair, International Corporate Compliance Committee (2014)
  • Member, Commission on Fiduciary Appointments (Birnbaum Commission) (2004-2005)
  • American Bar Association, Section of Litigation
    Co-Chair, Real Estate and Probate Litigation (2000—2002)
    Chair, Real Estate, Property and Probate Litigation (1999-2000)
    Co-Chair, Professional Liability Litigation Committee (1996-1999)
    Member, State Justice Initiatives Task Force (1995-1996)
    Co-Director, Division V—Substantive Areas of Litigation (1994-1996)
    Chair, Commercial and Business Litigation Committee (1991—1994)
  • New York State Bar Association
  • New York State Women’s Bar Association
  • Member, NYWBA Judiciary Committee