Stephen W. Tountas concentrates his practice on prosecuting complex securities fraud cases on behalf of institutional investors. Currently, Mr. Tountas is actively involved in prosecuting In re Schering-Plough Corp. / ENHANCE Securities Litigation, In re Satyam Computer Services, Ltd. Securities Litigation, and two individual actions related to In re Adelphia Communications Corp. Securities & Derivative Litigation.
Since joining Labaton Sucharow, Mr. Tountas has been responsible for prosecuting several of the Firm’s options backdating cases, including In re Broadcom Corp. Securities Litigation ($160.5 million settlement), In re Amkor Technologies Inc. Securities Litigation ($11.25 million settlement), In re HCC Insurance Holdings, Inc. Securities Litigation ($10 million settlement), and In re American Tower Corp. Securities Litigation ($14 million settlement). Among other matters, Mr. Tountas was also a member of the team responsible for prosecuting In re VERITAS Software Corp. Securities Litigation, which settled for $21.5 million.
Prior to joining Labaton Sucharow, Mr. Tountas practiced securities litigation at Bernstein Litowitz Berger & Grossmann LLP. During his time there, he prosecuted the In re OM Group, Inc. Securities Litigation, which resulted in a settlement of $92.4 million, as well as securities cases involving Biovail Corp., MasTec, Inc., Collins & Aikman Corp. and Scottish Re Group. His work on the securities class action against Biovail Corp. contributed to a settlement of $138 million.
During his time at Washington University School of Law, Mr. Tountas served as Editor-in-Chief of the Washington University Journal of Law & Policy and was a finalist in the Environmental Law Moot Court Competition. Additionally, Mr. Tountas worked as Research Assistant to Joel Seligman, one of the country’s foremost experts on securities law. In May 2003, he received the Scribe’s Award in recognition of his Note entitled, Carnivore: Is the Regulation of Wireless Technology a Legally Viable Option to Curtail the Growth of Cybercrime?, 11 Wash. U. J.L. & Pol'y 351.
