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Steven S. Sparling

Partner

Phone: 212.715.7736 Fax: 212.715.8000 New York

Steven S. Sparling counsels and represents executives, directors and other individuals as well as Fortune 100 companies in sensitive, complicated and often high-profile matters involving criminal and regulatory trials, hearings, investigations and related proceedings. Mr. Sparling’s work on behalf of his clients involves a comprehensive range of substantive issues in white collar criminal defense and regulatory work, including defending against allegations of securities and accounting fraud, Foreign Corrupt Practices Act violations, insider trading, running a Ponzi scheme, money laundering, stock options backdating, obstruction of justice and tax offenses. He has conducted numerous internal investigations for U.S. and foreign companies, represented both officers and directors in connection with such investigations, and worked with auditors and disclosure counsel as well as outside regulators and government agencies. Mr. Sparling recently represented a principal of a fund, clearing him of any wrongdoing in connection with an SEC investigation concerning high-speed Internet trading and purported stock price manipulation. In addition, Mr. Sparling represented the head of a multibillion-dollar investment fund in a Foreign Corrupt Practices Act criminal case, clearing the client prior to trial with regard to charges that alleged he conspired to bribe the president of Azerbaijan in connection with the privatization of the state-owned oil company.

Mr. Sparling also represents individuals, companies, and mutual and hedge funds in connection with complex securities and commercial civil litigation and corporate control matters. He litigates in both federal and state court, representing clients in securities class actions and shareholder derivative suits, ERISA cases, and contract disputes. He has represented corporations, individuals and partnerships in commercial arbitration proceedings. For example, Mr. Sparling successfully secured the dismissal of all claims against an international investigative company in a state court civil action seeking more than $20 million, based on allegations of fraud, gross negligence and breach of contract brought against the company by its former client. In addition, Mr. Sparling represented individual trustees of several funds in connection with putative securities class actions in a multidistrict ligation concerning allegations of misstatements in investment materials implicating both state and federal laws, including the Securities Exchange Act and the Investment Company Act.

Mr. Sparling also represents professional boxers, promoters and others in the boxing profession, and has won high-profile boxing arbitrations and court proceedings for world champion boxers, promoters, managers and advisors in matters concerning exclusive promotional contract rights and claims for tortious interference with contract. For example, Mr. Sparling secured an arbitration award on behalf of a promoter enforcing the specific performance of a promotional contract against the number-one ranked light heavyweight contender in the world, who was attempting to sign with another promoter on the eve of a multimillion-dollar championship fight. Mr. Sparling also represented the middleweight champion of the world, defeating a motion by a former promoter of the client for a preliminary injunction seeking to preclude the client from boxing for another promoter and then obtaining an arbitration award holding that the client was free to sign with another promoter.

Mr. Sparling also serves as an adjunct professor at Benjamin N. Cardozo School of Law, teaching a seminar on corporate internal investigations.

Representative Matters

White Collar Criminal and Regulatory Defense and Internal Investigations

  • Represented an individual who was cleared of any wrongdoing in connection with an SEC investigation concerning high-speed Internet trading.
  • Represented individual trustees of funds in connection with an SEC investigation concerning accounting and related disclosure issues.
  • Represented the head of a multibillion-dollar investment fund in a Foreign Corrupt Practices Act case, successfully defending the client against charges that alleged he conspired to bribe the president of Azerbaijan in connection with the privatization of the state-owned oil company.
  • Represented a Fortune 100 insurance company in a variety of regulatory and law enforcement proceedings, including investigations by the Department of Justice and the SEC.
  • Represented an individual director in connection with a Department of Justice investigation, a corporate internal investigation and civil litigation concerning stock options backdating allegations. Successfully persuaded the Department of Justice not to bring any charges against the client.
  • Represented a public Internet company, conducting an internal investigation concerning potential double billing fraud, responding to a related Department of Justice grand jury subpoena and representing the company in its cooperative efforts with the DOJ investigation.

Complex Civil Litigation and Arbitrations

  • Represented an international investigative company in a state court civil action seeking more than $20 million in damages, successfully securing dismissal of all claims based on allegations of fraud, gross negligence and breach of contract.
  • Represented several funds and individual trustees in putative securities class actions in a multidistrict litigation.
  • Represented a joint venture company in a multimillion-dollar partnership dispute before an American Arbitration Association arbitrator.

Boxing Matters

  • Represented the middleweight champion of the world in connection with a promotional contract dispute before the American Arbitration Association, and defeated a motion for a preliminary injunction barring the client from fighting for another promoter and then secured an arbitration award holding that the boxer was free to fight for another promoter.
  • Represented a promoter in connection with a promotional contract dispute before the American Arbitration Association concerning the exclusive promotional rights to the number-one ranked light heavyweight contender in the world on the eve of a multimillion-dollar championship fight, and secured an arbitration award holding that the client had the exclusive promotional rights to the boxer and barring the boxer from fighting for anyone else.




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J.D., summa cum laude, Benjamin N. Cardozo School of Law, 1998
  • Executive Editor, Cardozo Law Review
  • Order of the Coif
  • Felix Frankfurter Award
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B.A., cum laude, University of Massachusetts - Amherst, 1993  
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New York, 1999
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Connecticut, 1998
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Honorable Maryanne Trump Barry,  U.S. Court of Appeals, Third Circuit, 2001 - 2002
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Honorable Robert N. Chatigny,  U.S. District Court, District of Connecticut, 1999 - 2000
    -Federal Bar Council
    -The Sports Lawyers Association
    -Adjunct Law Professor, Benjamin N. Cardozo School of Law