Justin is an accomplished securities litigator who has been honored with many awards, including, without limitation, by Lawyers of Distinction® in securities law and by Super Lawyers® as a Rising Star in securities law.
Prior to launching Nematzadeh PLLC in 2021, and while practicing at some of the most prestigious plaintiffs-focused law firms in the world, Justin had played roles in over a dozen class actions that resulted in total recoveries amounting to over $3.53 billion for plaintiffs.
Justin was a core member of the team in the In re Petrobras Securities Litigation (S.D.N.Y.), arising from a multi-billion-dollar bribery and price-fixing scheme. In 2018, he helped the team achieve a historic $3 billion settlement for the class, as well as precedent-setting legal rulings. At that time, this was the largest securities class action settlement in a decade, the largest securities class action settlement ever involving a foreign issuer, the largest securities class action settlement ever achieved by a foreign lead plaintiff, the largest securities class action settlement ever that did not involve a restatement of financial statements, and the fifth-largest class action settlement ever achieved in the United States. In praising the lawyers who worked on this historic class action, the Honorable Judge Jed S. Rakoff of the United States District Court for the Southern District of New York stated that the “lawyers in this case [are] some of the best lawyers in the United States, if not in the world.”
Justin had played roles in other actions that resulted in total recoveries amounting to over $530 million for plaintiffs. For example:
- In re Altair Nanotechnologies Securities Litigation (S.D.N.Y.), recovery of approximately $1.5 million;
- Carmack, et al. v. Amaya Inc., et al. (D.N.J.), recovery of approximately $5.75 million;
- Calfo, et al. v. Messina, et al. (S.D.N.Y.), recovery of approximately $1.65 million;
- Kaplan, et al. v. S.A.C. Capital Advisors, L.P., et al. (S.D.N.Y.), recovery of approximately $135 million;
- Maleef, et al. v. B Communications Ltd., et al. (S.D.N.Y.), recovery of approximately $1.2 million;
- Mauss, et al. v. NuVasive, Inc., et al. (S.D. Cal.), recovery of approximately $7.9 million;
- In re MF Global Holdings Limited Securities Litigation (S.D.N.Y.), recovery of over $230 million;
- In re OSG Securities Litigation (S.D.N.Y.), recovery of over $30 million;
- Perez, et al. v. Higher One Holdings, Inc., et al. (D. Conn.), recovery of approximately $7.5 million;
- In re Retrophin, Inc. Securities Litigation (S.D.N.Y.), recovery of approximately $3 million;
- Springer, et al. v. Code Rebel Corporation, et al. (S.D.N.Y.), recovery of approximately $1 million;
- Waterford Township Police & Fire Retirement Sys., et al. v. Smithtown Bancorp, Inc., et al. (E.D.N.Y.), recovery of over $1.9 million; and
- In re Yahoo! Inc. Securities Litigation (N.D. Cal.), recovery of approximately $80 million.
While practicing at Gibson, Dunn & Crutcher LLP and representing defendants in bet-the-company securities litigation, Justin played a role in representing defendants in Garofalo, et al. v. Revlon, Inc., et al. (D. Del.). And Justin played a role on the trial team in iBasis Inc.’s lawsuit against Koninklijke KPN NV in connection with an alleged inadequate tender offer, which settled during trial in 2009 before the Delaware Court of Chancery.
Justin’s understanding of accounting, business, corporate strategy, economics, and finance equips him with a lens that separates him from the pack. He brings this understanding to bear in representing plaintiffs or defendants. These experiences have heavily influenced Justin to represent entities or investors as lead plaintiffs in class actions, individual plaintiffs, or defendants and have equipped him with a perspective that many clients have appreciated and admired. His ability to decipher business operations, financial information, and elaborate securities disclosures and filings have enabled him to possess savviness in dealing with experts, economists, and accountants. He is able to distill complicated facts into captivating stories in advocating before judges, juries, arbitrators, mediators, and adversaries.