Jai Chandrasekhar 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 in which the firm achieved substantial recoveries for the respective classes, including In re Schering-Plough Corp./ENHANCE Securities Litigation ($473 million), In re Refco, Inc. Securities Litigation ($367.3 million), In re MF Global Holdings Ltd. Securities Litigation ($234.3 million), In re Luckin Coffee Inc. Securities Litigation ($175 million), In re JPMorgan Chase & Co. Securities Litigation ($150 million), In re Bristol Myers Squibb Co. Securities Litigation ($125 million), In re comScore, Inc. Securities Litigation ($27 million in cash and $83 million in stock), In re Willis Towers Watson plc Proxy Litigation($75 million), In re Volkswagen AG Securities Litigation($48 million), In re Facebook, Inc. IPO Securities and Derivative Litigation ($35 million), In re Evoqua Water Technologies Corp. Securities Litigation ($16.65 million), and In re OPKO Health, Inc Securities Litigation ($16.5 million).
Jai is currently counsel for the plaintiffs in In re EQT Corp. Securities Litigation, a securities class action arising from misrepresentations concerning natural gas producer EQT's acquisition of Rice Energy Inc.; In re Turquoise Hill Resources Ltd. Securities Litigation, a securities class action arising from misrepresentations by mining company Turquoise Hill's controlling stockholder, Rio Tinto plc, concerning schedule delays and cost overruns in the development of Turquoise Hill's copper mine in Mongolia; and Camelot Event Driven Fund v. Morgan Stanley & Co. LLC (ViacomCBS), a securities class action arising from the failure by ViacomCBS and its underwriters for public offerings of the Company’s common and preferred stock to disclose in the offering documents that several of the underwriters were about to make massive sales of their proprietary holdings of ViacomCBS stock that would crater ViacomCBS securities’ market prices. In all three of these cases, plaintiffs defeated defendants’ motions to dismiss in whole or in substantial part and are taking pretrial discovery.
Jai is also active in the firm's appellate practice, having successfully briefed appeals in In re BioScrip, Inc. Securities Litigation, In re Facebook, Inc. IPO Securities and Derivative Litigation, and Camelot Event Driven Fund v. Morgan Stanley & Co. LLC (ViacomCBS), among others. He has also drafted numerous amicus curiae briefs in the U.S. Court of Appeals for the Second Circuit and the U.S. Supreme Court.
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 the Secretary and is a member of the Federal Courts Committee and the Boards of Directors of the Association and the NYCLA Foundation. He is also a member of the New York State Bar Association, where he is a former member of the House of Delegates. Jai is also a member of the New York Numismatic Club, served as the Club's president from 2019 to 2020, and is an expert on French art medals.