Mr. Shah has experience representing individuals and corporations in connection with criminal and civil actions, including alleged violations of the federal securities laws, the laws governing health care fraud, and the federal False Claims Act. His recent matters include:
- Successfully defending at trial former J.P. Morgan Securities LLC analyst, Ashish Aggarwal, against allegations of conspiracy, insider trading, tender offer fraud, and wire fraud. A Central District of California jury found Mr. Aggarwal not guilty on 26 counts related to his role in an alleged insider trading scheme. This was a rare defense victory in an insider trading case and the first since the U.S. Supreme Court’s December 2016 decision in Salman v. United States, which lowered the bar for prosecutors in insider trading cases.
- Defense of former SAC Capital Advisors portfolio manager Mathew Martoma, against criminal and SEC allegations of insider trading. Prosecutors alleged that Mr. Martoma participated in the largest-ever insider trading case, committing securities fraud by trading on shares of two pharmaceutical companies using material, nonpublic information that resulted in over $276 million in gains.
- Defense of a former swaps trader at a prominent global bank in an investigation by the Commodity Futures Trading Commission, concerning manipulation of the U.S. Dollar International Swaps and Derivatives Association Fix, a leading global benchmark referenced in a range of interest rate products.
- Defense of two former independent directors of Puda Coal, Inc. in a consolidated federal class action filed in the Southern District of New York pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934, as well as a shareholder derivative action in the Delaware Chancery Court.
- Defense of a former managing director at a prominent global bank in an investigation by the Financial Industry Regulatory Authority concerning the alleged mismarking of zero coupon inflation options.
Mr. Shah also has experience with internal investigations and shareholder demand investigations, including on behalf of the following clients:
- A U.S. military contractor in connection with False Claims Act qui tam whistleblower allegations of employee misconduct while stationed abroad in Afghanistan, as well as a related criminal investigation by the U.S. Army’s Criminal Investigation Command.
- An asset manager served with a shareholder demand letter, demanding the board of directors remedy alleged breaches of fiduciary duties by former and current board members in connection with their approval of investment advisory contracts that resulted in the payment of excessive advisory fees.
- A global pharmaceutical drug manufacturer involved in a health care fraud investigation by the U.S. Attorney’s Office for the Eastern District of New York focused on alleged improper overfill and packaging practices.
- A national medical equipment and services provider in connection with civil and criminal health care fraud investigations by the U.S. Attorney’s Office for the District of Minnesota.
- A national clinical diagnostic laboratory concerning a health care fraud investigation by the U.S. Attorney’s Office for the Southern District of New York related to alleged violations of the federal Anti-Kickback Statute, Stark Laws, and False Claims Act.
A prominent real estate investment and management firm in connection with an improper kickback scheme involving a former principal of the firm.
Mr. Shah is also actively involved with pro bono engagements. His pro bono achievements include:
- Obtaining a commuted sentence for a federal inmate sentenced to serve four concurrent life sentences.
- Participating in the New York City Law Department’s Public Service Program.
- Representing the New York City Department of Education in a civil tort suit.
Mr. Shah is a member of the New York City Bar Association and the New Jersey Bar Association. He also serves as a mentor for PALS, an organization dedicated to enhancing the career path and skills for minority law students and early career attorneys.
Prior to joining Goodwin, Mr. Shah was a Litigation Paralegal at Saul Ewing LLP in Princeton, New Jersey. During law school, he served as a judicial intern to the Honorable Ann Marie Donio of the U.S. District Court for the District of New Jersey.