Keker & Van Nest is defending San Mateo county and its treasurer from claims made by twelve school districts and the county office of education. The plaintiffs seek to recover $20 million, plus interest, they say was lost through failed investments the county made in Lehman Brothers.
The school districts are engaging in an "inappropriate blame game," said Keker & Van Nest partner and lead attorney, Stuart Gasner. The county has hired the firm to fight the lawsuit and has set aside $600,000 for legal services.
The county is just as much a victim of Lehman Brothers' misleading accounting practices, Gasner said, which is why the county filed a lawsuit against the company in November 2008. That lawsuit is still pending.
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Mr. Gasner centers his practice in the areas of white collar criminal and securities defense, intellectual property litigation and complex corporate disputes. A federal prosecutor before joining Keker & Van Nest, Mr. Gasner has tried more than 20 cases to verdict before juries across the United States.
Keker & Van Nest partner Michael Celio and Ajay Krishnan are also handling the defense. Michael Celio handles white collar criminal cases, complex civil litigation, and enforcement actions brought by the U.S. Securities and Exchange Commission or the Department of Justice. Mr. Krishnan focuses on complex commercial disputes and intellectual property litigation. He has tried a number of cases to verdict, including three as first chair.