Area of Practice
Georgetown University Law Center, J.D., cum laude, 2003; Georgetown Journal of Law and Public Policy
Boston University, B.A., Philosophy, International Relations, 1998
Hon. James I. Cohn, United States District Court for the Southern District of Florida, 2008-2010
Florida and New York
United States District Court: Southern District of Florida
United States Court of Appeals: Eleventh Circuit
Eli Glasser’s focus is complex commercial litigation. Mr. Glasser represents both plaintiffs and defendants in all phases of litigation and has experience in trial and appellate courts across the country. He has litigated several high-stakes securities fraud cases and deals frequently with class certification issues.
Mr. Glasser represents a world-wide class of plaintiffs who suffered massive out-of-pocket losses after investing in “feeder funds” that served as the largest source of financing to Bernard Madoff’s Ponzi scheme. The class action, after plaintiffs obtained several favorable rulings on complex issues in the district court and Second Circuit Court of Appeals, has resulted in over $235 million in settlements. In December 2015, Mr. Glasser and other firm attorneys won the Daily Business Review’s “Most Effective Lawyer Award” in the class action category in recognition for their work on this case.
Mr. Glasser has also successfully defended large multinational companies and executives in securities fraud cases by obtaining dismissals of complaints and defeating class certification. He has experience representing officers and directors in both shareholder class actions and related governmental investigations. Mr. Glasser has worked on several motions for class certification at the district court level and has experience obtaining and opposing class certification. He has also briefed class certification issues on appeal at the Second and Fifth Circuit Court of Appeals, and the U.S. Supreme Court in the landmark decisions Halliburton I and Halliburton II.
Mr. Glasser has represented clients in significant litigation matters across a variety of areas, including contract disputes, accounting malpractice, non-competes, defamation, and employment law. From 2003 to 2008, he was an associate at Sidley Austin LLP where he practiced securities litigation.
Mr. Glasser has helped clients win many important decisions, including:
- Anwar v. Fairfield Greenwich Ltd., 306 F.R.D. 141 (S.D.N.Y. 2015), obtaining certification of securities fraud and common law claims against hedge fund administrators, custodians and auditors.
- Halliburton Co. v. Erica P. John Fund, Inc., 134 S. Ct. 2398 (2014), in a 6-3 ruling, the Court refused to overrule the fraud-on-the-market theory while also holding that defendants are permitted to rebut the presumption of reliance by showing that the alleged misstatements had no price impact.
- Erica P. John Fund, Inc. v. Halliburton, 131 S. Ct. 2179 (2011), in which the U.S. Supreme Court ruled unanimously for plaintiff and reversed the Fifth Circuit’s denial of plaintiff’s motion for class certification.
- Teamsters Local 445 Freight Div. Pension Fund v. Bombardier, Inc., 546 F.3d 196 (2d Cir. 2008), in which Mr. Glasser assisted in showing that the market for mortgage-backed securities was inefficient resulting in denial of class certification in a federal securities fraud case.
Mr. Glasser co-authored “Dos and Don’ts Under the SEC Whistleblower Rules,” published in Westlaw Journal’s White-Collar Crime, Volume 29, Issue 10/July 2015 (co-authored with David Nelson). He also helped draft “Growing Pains: A Roadmap For Chinese Companies Learning To Live With Complex US Litigation,” published in the December 2007/January 2008 issue of China Law And Practice magazine. Mr. Glasser served as a law clerk to U.S. District Judge James I. Cohn in the Southern District of Florida.
Dos and Don’ts Under the SEC Whistleblower Rules (Westlaw Journal, White-Collar Crime)
Supreme Court upholds Basic v. Levinson (In The News)
The BSF Report: Spring 2013 (03.08.2013)
BSF Attorneys Negotiate Settlement for Madoff ‘Feeder Fund’ Investors (November 6, 2012)