• Marjorie E. Sheldon is an experienced trial lawyer who maintains a diverse civil litigation practice. She has extensive experience representing issuers, directors and officers, and board committees in connection with securities fraud suits and regulatory and internal investigations, and litigating false advertising disputes, including federal Lanham Act suits. Her diverse litigation practice has also included trademark, trade secret and counterfeiting cases, bankruptcy litigation, insurance coverage disputes, employment and labor litigation, real estate litigation, partnership disputes, and complex commercial contract disputes of all shapes and sizes on behalf of both individuals and corporations.

    She has represented companies in a range of industries, including pharmaceuticals and consumer products, finance and investment banking, real estate development, fashion, and technology, at trial and on appeal as well as in arbitrations and mediations.

    Marjorie’s notable recent matters include defending Bear Stearns and a number of its current and former officers and directors in a multibillion-dollar CDO lawsuit in federal court and prevailing on a summary judgment motion that resulted in dismissal of the entire case; representing the co-owner/founder of a major privately held corporation in a bench trial in Delaware Chancery Court, and in related lawsuits in New York State court, arising out of disputes between the co-owners of the business; and obtaining dismissal of all claims asserted against the former directors and officers of a company that served as a third-party administrator to a New York State group of self-insured trusts, in a federal court class action asserting securities fraud and insider trading.

    Marjorie is a longtime member of Kramer Levin’s Women’s Initiative Committee. She has also served on the Women in the Profession Committee of the New York City Bar Association and on several of its subcommittees, including the Subcommittee on Women and Leadership.

    Experience

    • Obtained dismissal of all securities claims against former directors and officers of a company that acted as a third-party administrator for group self-insured trusts in New York State, in a class action lawsuit filed in the U.S. District Court for the Southern District of New York.

    • Obtained dismissal of all securities claims against Bear Stearns in a class action lawsuit filed in the U.S. District Court for the District of New Jersey

    • Successfully represented AstraZeneca in a Lanham Act suit to enjoin Eli Lilly from making false efficacy claims concerning Lilly’s osteoporosis drug, Evista, and Zeneca’s breast cancer drug, Nolvadex

    • Represented the co-founder/owner of a major privately held corporation in a bench trial in Delaware Chancery Court, in related lawsuits pending in New York State court, and in mediations in both forums, arising out of disputes between the company’s two owners.

    • Represented Bear Stearns and a number of current and former officers and directors in multiple class and derivative suits, and other civil actions and investigations, arising out of the collapse of two Bear Stearns structured securities hedge funds relating to the subprime mortgage crisis.

    • Obtained summary judgment for Citibank N.A. in an action in New York Supreme Court involving a commodities swap transaction.

    • Member of litigation/bankruptcy team that successfully represented a consortium of lenders in the Owens Corning asbestos bankruptcy in a federal court action, in which competing creditors sought to set aside multibillion-dollar guarantees issued by the bank group to subsidiaries of the debtor.

    • Co-authored an amicus brief on behalf of the American Jewish Committee in an 11th Circuit case (ultimately settled on remand) challenging on establishment clause grounds the placement of an evolution disclaimer sticker in high school science textbooks in the public schools of Cobb County, GA.

    • Obtained political asylum for a detained Chinese immigrant who was smuggled into the U.S. aboard the famed boat Golden Venture in 1993.

    Credentials

    Education

    • J.D., Harvard Law School, 1993
    • M.A., English, Columbia University, 1987
    • B.A., summa cum laude, English, University of Pennsylvania, 1986

    Bar Admissions

    • New York, 1994

    Court Admissions

    • U.S.D.C., Eastern District of New York, 1994
    • U.S.D.C., Southern District of New York, 1994
    • New York State Court of Appeals

    Professional Affiliations

    • New York City Bar Association
    • American Bar Association
    • National Association of Women Lawyers
    • Harvard Law School Association of New York City