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Steven I. Froot

Partner
New York

t: 212 446 2380
f: 212 446 2350

sfroot@bsfllp.com
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Areas of Practice

Litigation

Antitrust

Appellate

Health Care

Global Investigations and White Collar Defense

Securities Litigation


Education

Columbia Law School, J.D., 1985; Editor, Columbia Law Review; Charles Bathgate Beck Prize; Harlan Fiske Stone Scholar

Yale University, B.A., magna cum laude, Economics, 1979; Distinction in Economics


Clerkships

Hon. Morris E. Lasker, United States District Court for the Southern District of New York, 1985-1987


Admissions

New York

United States Courts of Appeals: Second, Fourth, Fifth and Eleventh Circuits

United States District Courts: Southern and Eastern Districts of New York

Steven Froot's practice consists of complex federal and state litigation -- including multidistrict litigation, trials, arbitrations and appeals in the areas of securities fraud, shareholder derivative and class actions, antitrust, trusts and estates, insurance coverage, bankruptcy, professional responsibility and information law -- as well as government and internal investigations.

Representative recent and ongoing matters include:

  • Obtaining dismissal of a federal civil RICO action against overseas insurance syndicates in the Eastern District of Louisiana and Fifth Circuit Court of Appeals;
  • Representing a hedge fund bondholder group in the Second Circuit Court of Appeals challenging federal injunction against repayment of Argentine debt;
  • Litigating an Anti-Terrorism Act claim on behalf of the family of a terror bombing victim against a foreign bank for facilitating money laundering and terrorist financing;
  • Winning a multimillion dollar trial verdict in Delaware Chancery Court against a rogue hedge fund on behalf of one of the largest family trusts in the United States;
  • Representing a national debt collection firm in an investigation by the New York Attorney General;
  • Defending securities class actions and shareholder derivative suits in the Southern District of New York and Delaware Chancery Court;
  • Representing a leading mortgage servicer in a Justice Department investigation;
  • Bringing a successful securities fraud action in the Commercial Division of New York Supreme Court on behalf of a leading European fund manager;
  • Representing a major telecommunications firm in a historic antitrust case;
  • Defending a national bank in Surrogate’s Court proceedings;
  • Representing a steel company executive in an FCPA investigation;
  • Achieving a record settlement against a corporate trustee on behalf of a real estate trust;
  • Representing the CFO of a public company in internal and SEC investigations;
  • Recovering a large damage award for a petrochemical firm in an insurance coverage arbitration;
  • Representing a plaintiff class in multidistrict pharmaceutical industry antitrust litigation.

Prior to joining Boies, Schiller & Flexner LLP, Mr. Froot was a civil litigation partner at the law firm of Barrett Gravante Carpinello & Stern LLP.  Between 1996 and 1998, Mr. Froot was Associate Director for Investigations in the New York office of Control Risks Group, a London-based security consultancy, where he managed domestic and international investigative projects for law firms and Fortune 500 clients.

From 1990 to 1996, Mr. Froot served as an Assistant United States Attorney and Deputy Appellate Chief in the Civil Division of the United States Attorney's Office for the Southern District of New York, where he was the Professional Responsibility Officer. While at the U.S. Attorney’s Office, Mr. Froot handled and supervised numerous trials and appeals in such areas as defense contractor and health care fraud under the False Claims Act, tax, bankruptcy, environmental law, employment discrimination, civil rights, immigration, federal tort claims and information law.  As an Assistant United States Attorney, Mr. Froot received the Department of Justice Exceptional Achievement Award for his litigation of a case relating to the "Whitewater" investigation. He also has received the FDA Commissioner's Special Citation in recognition of having brought a landmark pharmaceutical injunction action that produced nationwide generic drug manufacturing standards.

Prior to joining the U.S. Attorney’s Office, Mr. Froot was associated with the law firm of Simpson Thacher & Bartlett.  He has taught the Profession of Law Course to third-year students at Columbia Law School and has served for many years as a Small Claims Arbitrator in New York City Civil Court.  Mr. Froot also chairs the Health, Hospitals and Social Services Committee of Bronx Community Board 8, to which he was appointed by the Borough President in 2009.

Mr. Froot recently appeared on the BronxNet television program “Today’s Verdict” to explain the history and operation of antitrust law in the U.S. and abroad.  He was invited by the Brooklyn Law School Center for International Law in 2015 to debate the issue of federal court discovery orders that override foreign bank secrecy laws, and was invited to participate in panel discussions sponsored by the Trade Association for the Emerging Markets (EMTA) on "Argentina's Prospects for Supreme Court Review" (London & New York, Sept. 2013); and "Legal Developments in Argentine Debt" (London, Feb. 2013).  Mr. Froot has written on such topics as environmental investigations, the Economic Espionage Act of 1996, and the Foreign Corrupt Practices Act.  “U.S. Anti-Corruption Philosophy Gains New Ground,” The China Business Review, Jan.-Feb. 1998. 

He is a member of the Federal Bar Council and the Association of the Bar of the City of New York, where he has served on the Federal Courts Committee, the Council on International Affairs and the Corrections Committee.

Selected Professional Awards and Associations

Top 100 Super Lawyers, New York Metro – 2013-2016

Super Lawyers, New York Metro – 2006, 2009-2016

Related News

Fifty-three Attorneys Recognized as New York Metro Super Lawyers (October 10, 2016)

Today’s Verdict, BronxNet – September 20, 2016 interview program on antitrust law (BronxNet)

Boies, Schiller & Flexner Attorneys Recognized as New York-Metro Super Lawyers (October 2015)

Boies, Schiller & Flexner Attorneys Recognized as New York Metro Super Lawyers (October 19, 2014)

54 BSF Attorneys Recognized as Top Lawyers in 2013 Super Lawyers Magazine (2013 Super Lawyers)

The BSF Report: Spring 2013 (03.08.2013)

After Trial, Delaware Court Rules that Hedge Fund Breached Fiduciary Duties to BSF Client Lerner Master Fund (08.10.2011)

BSF Provides Legal Services and Expert Opinion on Matters Related to the Global Credit Crisis (In The News)

Sixteen BSF Attorneys Named 2010 New York Super Lawyers -- Metro Edition (2010 New York Super Lawyers -- Metro Edition)

Thirteen BSF Attorneys Named 2009 New York Super Lawyers -- Metro Edition (2009 New York Super Lawyers -- Metro Edition)

Financial Crisis Provides Fertile Ground for Boom in Lawsuits (In The News)

BSF client, Maurice "Hank" Greenberg, featured in Fortune magazine cover story (issue date 10/13/08)

Firm Report: November 2006 (Vol. 1, Issue III (11.01.2006)

Government Service

Assistant United States Attorney and Deputy Appellate Chief, United States Attorney's Office, Southern District of New York, 1990-1996

Bronx Community Board 8, Chair – Health, Hospitals and Social Services Committee Small Claims Arbitrator, New York City Civil Court