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This profile was last updated on 12/24/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. David J. Sheehan Jr.

Wrong David J. Sheehan Jr.?

Counsel To the Trustee and A Part...

Local Address: New York, New York, United States
Baker & Hostetler LLP
1900 E. 9Th Street Suite 3200
Cleveland , Ohio 44114
United States

Company Description: Baker & Hostetler LLP is one of the nation's 100 largest law firms with more than 550 attorneys serving clients throughout the world. The firm's four primary...   more

Employment History

Board Memberships and Affiliations

  • Chief Counsel To the Trustee
    The SIPA
  • Baker and Hostetler Counsel To the Trustee
    The SIPA
  • Chief Counsel To the Trustee
    Securities Investor Protection Corporation
  • Board Member
    Integrated Pipeline Services , Inc.
  • Board Member
    Prevent Blindness Oklahoma
160 Total References
Web References
SIPC - Initial Interim Distribution Of Recovered Funds To Madoff Claims Holders, 4 Oct 2011 [cached]
"While we cannot predict the timing of rulings on these appeals, we maintain that the appeals of the Picower and other settlements are frivolous and will be dismissed, at which point the Trustee will immediately seek the Court's permission to allocate the more than $5 billion in recovered funds to the Customer Fund and distribute those funds as quickly as possible," said David J. Sheehan, counsel to the Trustee and a partner at Baker & Hostetler LLP, the court-appointed counsel to the Trustee.
"The Second Circuit's recent ruling upholding the Trustee's net equity definition was a major victory for customers with allowed claims," he added, "however, until all net equity appeals are resolved, we must still take a 'worst case' approach and calculate payouts and reserves as if appellants had prevailed."
In addition to Mr. Sheehan, the Trustee acknowledges the contributions of the Baker & Hostetler LLP attorneys who worked on the distribution and related filings: Seanna Brown, Jacqlyn Rovine, Thomas Wearsch, and Brian Bash.
Twitter Feed, 5 May 2014 [cached]
"We are pleased that the recovery efforts have resulted in another significant distribution," said David J. Sheehan, Chief Counsel to the SIPA Trustee.
Picard and Sheehan would like to thank BakerHostetler's Seanna Brown and Heather Wlodek, who worked on the fourth pro rata interim distribution and related filings, as well the SIPA Trustee's legal teams worldwide.
David J. Sheehan, Chief ..., 19 Mar 2012 [cached]
David J. Sheehan, Chief Counsel to the SIPA Trustee states, "The SIPA Trustee believes that this settlement represents the best possible outcome for BLMIS Customers with allowed claims, as it provides for the recovery of 100 percent of the $162 million in fictitious profits for the six-year period.
In addition to Mr. Sheehan, the Baker & Hostetler Counsel to the SIPA Trustee who worked on Picard v. Saul Katz et al. include: Fernando Bohorquez, Regina Griffin, Tracy Cole, Karin Scholz Jenson, Lauren Resnick, Mark Kornfeld, Timothy Susanin, Kathryn Zunno, Jody Schechter, Stacey Bell, Melissa Kosack, Amanda Fein and Brian Song.
"We believe that the Second Circuit's ..., 9 Oct 2013 [cached]
"We believe that the Second Circuit's decision contradicts strong precedents established by several other circuit courts," said David J. Sheehan, Chief Counsel to the SIPA Trustee.
The SIPA Trustee seeks to hold banks and financial institutions accountable for enabling criminal actions, and to recover funds to restore the losses suffered by Madoff victims," said Mr. Sheehan.
Mr. Sheehan noted that the SIPA Trustee continues to pursue more than $4 billion in bankruptcy claims against these financial institution defendants that the District Court returned to the United States Bankruptcy Court in 2011 and which are now in active litigation.
Sheehan and Rivkin, attorneys who worked on this petition on behalf of the SIPA Trustee include: Oren Warshavsky, Lee A. Casey, Mark W. DeLaquil, Andrew M. Grossman and Seanna Brown.
The BakerHostetler attorneys who worked on behalf of the SIPA Trustee Irving H. Picard on this Fee Application include David J. Sheehan, Seanna Brown and Heather Wlodek.
David J. ..., 16 Feb 2012 [cached]
David J. Sheehan
David. J. Sheehan is a trial lawyer who has tried cases in federal and state courts throughout the country before both judges and juries, principally in the areas of intellectual property, product liability and business litigation. Mr. Sheehan has vast experience in trying complex cases, and he brings a deep and broad understanding of preparing cases for litigation and counseling clients accordingly.
Since December 2008, Mr. Sheehan has served as lead counsel for the global representation of the Securities Investor Protection Corporation ("SIPC") liquidation of Bernard L. Madoff Investment Securities LLC in connection with one of the largest financial frauds in recorded history. Mr. Sheehan directs the multiple legal teams in connection with the global investigations and litigations seeking tens of billions of dollars in worldwide asset recovery from financial institutions, hedge funds and hedge fund fiduciaries, funds of funds, and investment managers.
In addition to this experience, Mr. Sheehan served as a Lieutenant in The United States Navy Judge Advocate General's Corps from 1969 to 1973.
Mr. Sheehan is a fellow in the American College of Trial Lawyers and a Life Fellow of the American Bar Foundation. Recognized by his peers as one of the leading trial lawyers in the New York metropolitan area, he was named one of the Top 100 Lawyers in the metropolitan New York area in 2007 and 2011. He has been repeatedly selected as one of the "Best Lawyers in America" for business litigation in the states of New York and New Jersey.
In the pro bono arena, Mr. Sheehan is deeply committed to providing legal services in support of the public interest and citizens' rights. His career contributions have been acknowledged widely, and he has also been awarded the Thurgood Marshall Award from the Association of the Bar of the City of New York for his work on death penalty cases.
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