Achyut J. Phadke

Profile

Achyut J. Phadke is an associate in the San Francisco office of Munger, Tolles & Olson. Mr. Phadke’s work focuses on securities and complex civil litigation for corporate and financial services clients at both trial and appellate levels, as well as government and internal investigations.

Key Representations

  • Bank of America and Merrill Lynch in numerous RMBS cases in federal courts in California, New York, New Jersey, and Colorado. The cases have involved securities claims, common law fraud claims, and other tort and contract claims. Many of these cases were dismissed at the pleading stage in their entirety, others were dismissed in part, and still others have been resolved on very favorable terms.
  • Wachovia Securities in multiple actions brought by the National Credit Union Administration as liquidator of failed credit unions.
  • A for-profit educational institution in a qui tam action under the federal False Claims Act, which resulted in dismissal of the lawsuit and a $984,457 sanctions award against relators’ counsel.
  • Hewlett Packard in successfully defeating a putative class plaintiff’s appeal from denial of class certification in a case alleging the improper escheatment of shareholders’ stock, and defeating plaintiff’s appeal of the denial of class certification.

Mr. Phadke also maintains a pro bono practice, most recently representing an immigrant detainee in a civil rights action in federal court. Mr. Phadke is a past board member of the South Asian Bar Association of Northern California.

Before joining Munger Tolles, Mr. Phadke was a litigation associate at Sullivan & Cromwell in Palo Alto, where he worked primarily on securities and financial services litigation matters. He previously served as a law clerk with the Honorable Pamela Ann Rymer of the U.S. Court of Appeals for the Ninth Circuit.

He graduated from Stanford Law School with distinction, where he was elected to Order of the Coif and was an Article Editor on the Stanford Law Review.

Achyut J. Phadke is an associate in the San Francisco office of Munger, Tolles & Olson. Mr. Phadke’s work focuses on securities and complex civil litigation for corporate and financial services clients at both trial and appellate levels, as well as government and internal investigations.

Key Representations

  • Bank of America and Merrill Lynch in numerous RMBS cases in federal courts in California, New York, New Jersey, and Colorado. The cases have involved securities claims, common law fraud claims, and other tort and contract claims. Many of these cases were dismissed at the pleading stage in their entirety, others were dismissed in part, and still others have been resolved on very favorable terms.
  • Wachovia Securities in multiple actions brought by the National Credit Union Administration as liquidator of failed credit unions.
  • A for-profit educational institution in a qui tam action under the federal False Claims Act, which resulted in dismissal of the lawsuit and a $984,457 sanctions award against relators’ counsel.
  • Hewlett Packard in successfully defeating a putative class plaintiff’s appeal from denial of class certification in a case alleging the improper escheatment of shareholders’ stock, and defeating plaintiff’s appeal of the denial of class certification.

Mr. Phadke also maintains a pro bono practice, most recently representing an immigrant detainee in a civil rights action in federal court. Mr. Phadke is a past board member of the South Asian Bar Association of Northern California.

Before joining Munger Tolles, Mr. Phadke was a litigation associate at Sullivan & Cromwell in Palo Alto, where he worked primarily on securities and financial services litigation matters. He previously served as a law clerk with the Honorable Pamela Ann Rymer of the U.S. Court of Appeals for the Ninth Circuit.

He graduated from Stanford Law School with distinction, where he was elected to Order of the Coif and was an Article Editor on the Stanford Law Review.