Jay Bhimani

Jay-Bhimani

Jay Bhimani

Partner

Los Angeles | US Bank Tower, 633 West 5th Street, Suite 4900, Los Angeles, CA, United States of America 90071-2013
+1 213 808 5712 | +1 213 808 5760


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Jay Bhimani counsels clients on a range of commercial litigation matters, with a focus on product liability and mass torts. Mr. Bhimani advises clients across a range of industries and has served as counsel in some of the nation’s most significant recent disputes, including as trial counsel to a major multinational corporation in litigation related to the company’s talcum powder products. His trial work has resulted in defense verdicts selected as among the “Top Verdicts” in 2018 and 2019 (Daily Journal), the “Top Product Liability cases of 2018” (Law360), and the “Top 10 Most Impressive Defense Verdicts” in 2019 (Courtroom View Network).

Mr. Bhimani also has substantial experience in the field of securities litigation. He has served as counsel in securities actions in which plaintiffs sought many billions of dollars in damages, including in the country’s largest private insider trading action and several residential mortgage-backed securities actions brought by a government agency arising out of the 2008 financial crisis. 

Pro bono activities are also a significant part of Mr. Bhimani’s practice. In 2016, Public Counsel’s Consumer Law Project awarded Mr. Bhimani its 2016 Public Counsel Pro Bono Award.

Experience

Product liability litigation

  • A major multinational corporation in numerous trials, in which the plaintiffs sought tens of millions of dollars in damages, relating to the company’s consumer talcum powder products.
Qui tam and pharmaceutical litigation
  • A prominent healthcare foundation in a qui tam action alleging violations of the federal Anti-Kickback Statute. Obtained summary judgment on all pending claims and unanimous affirmance in the 11th Circuit.
  • A supplier of over-the-counter generic pharmaceutical products in a contract dispute with a counterparty, including during expedited proceedings relating to a requested injunction.
Securities and financial services litigation
  • A prominent hedge fund and its principal in a class action in which the named plaintiffs (two pension funds) asserted SEC Rule 14e-3 causes of action relating to stock and options transactions made in advance of the announcement of a proposed merger.
  • The US broker/dealer arm of one of Europe’s largest banking groups and its affiliates in multiple actions brought by the National Credit Union Administration Board on behalf of four liquidated corporate credit unions relating to the sale of billions of dollars of residential mortgage-backed securities.
  • A prominent U.S. investment bank and its affiliates in litigation commenced by CUNA Mutual, an affiliated group of insurance companies, seeking to rescind the purchase of approximately US$72 million of residential mortgage-backed securities.
  • An activist capital management firm in federal securities litigation brought by Botox-maker Allergan, Inc. relating to an unsolicited merger proposal of over US$50 billion.
  • A publicly-traded Maryland real estate investment trust in litigation concerning a hedge fund-shareholder's proposal to nominate additional directors to the client's Board.
  • Six financial institutions in Taiwan with investments in PEM Group, in a suit against HSBC for fraud and aiding and abetting fraud by PEM Group. Defeated HSBC's motions to dismiss and change venue to the British Virgin Islands, at which point the case settled on very favorable terms.
  • The founder and former CEO of a major California mortgage lender in a bankruptcy action for fraudulent conveyance and breach of fiduciary duties related to the failure of the lender. Obtained a favorable settlement on behalf of the client.
Complex commercial litigation and investigations
  • A commercial lender in a fraud and breach of contract action arising out of prospective loan transaction with crowdfunded borrower.
  • A movie studio in antitrust litigation filed by distributor alleging a vertical conspiracy to boycott.
  • A casino and resort company in litigation brought by a creditor alleging actual and constructive fraudulent conveyances.
  • A corporation in connection with a Foreign Corrupt Practices Act investigation.
  • An auction company and its directors and officers in breach of contract litigation alleging alter ego claims.
  • An overseas development and manufacturing company in breach of contract and fraud action against warehousing and logistics provider that failed to provide promised services.
Includes matters handled at Dechert or prior to joining the firm.

 

Education
  • University of California, Los Angeles, B.A., 2006, magna cum laude, College Honors
  • University of California, Los Angeles School of Law, J.D., 2009
Admissions
  • California
  • United States District Court for the Central District of California
  • United States District Court for the Northern District of California
  • United States Bankruptcy Court for the Central District of California
Languages
  • English
  • Gujarati
Memberships
  • Association of Business Trial Lawyers