Richard Frohlichstein is an associate in the Washington, D.C. office of Latham & Watkins.
Richard represents individuals and corporations involved in commercial and securities litigation. He has argued motions in state and federal courts and has examined witnesses at trial and in depositions. Richard’s practice includes representing clients in trial and appellate proceedings involving claims related to:
The Securities Act of 1933 and Securities Exchange Act of 1934
Shareholder derivative suits
Delaware Section 220 books-and-records demands
Founder and partnership disputes
Trade secret misappropriation and other business torts
Breach of contract
Judgment enforcement and alter ego liability
Fraudulent conveyances
International discovery disputes
Administrative Procedure Act litigation
Richard also maintains an active pro bono practice representing wrongfully convicted individuals and victims of civil rights violations. He joined Latham following a clerkship with Judge Rodney W. Sippel in the Eastern District of Missouri and a Mary A. McCarthy Fellowship with the United States House of Representatives Select Subcommittee on the Coronavirus Crisis.
Richard previously served as an officer of the Yale Law School Association Executive Committee. While a law student, he was awarded the John Currier Gallagher prize in Yale’s trial advocacy competition. Before law school, Richard worked on political campaigns and as a legal assistant in the White House Counsel’s Office.
A Latham Securities and M&A litigation team secured a significant victory on behalf of American Airlines, winning a dismissal with prejudice in the Northern District of Texas of a securities class action against the airline.
Latham teams recognized for litigation wins, including a rare “entire defense” victory on behalf of client Cantor Fitzgerald and the dismissal of almost all claims in a securities class action against Virgin Galactic.
The Delaware Supreme Court on Thursday upheld a Chancery Court decision to toss a suit challenging the US$875 million acquisition of Berkeley Point Financial LLC by Cantor Fitzgerald LP CEO Howard Lutnick and Lutnick-controlled BGC Partners Inc. in 2017, agreeing it was a fair deal.
In Delaware’s Court of Chancery, complete defense verdicts under the entire fairness standard are rare.
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