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Ian Roffman, Nutter McClennen & Fish LLP Photo

Ian D. Roffman

Chair, Securities Enforcement and Litigation Practice; Executive Committee / Boston

Overview

Executives, boards, and companies rely on Ian’s advice when facing SEC investigations and other government inquiries, securities litigation, corporate governance disputes, and complex civil litigation. Clients also frequently engage Ian in connection with corporate internal investigations. An experienced securities lawyer, Ian served as Senior Trial Counsel in the SEC’s Boston office prior to joining Nutter.

Recent engagements have included:

  • Defending Financial Industry Regulatory Authority (FINRA) in multiple state and federal court actions relating to broker disclosures
  • Defending Treasurer of a New England state in an SEC investigation of municipal bond underwriting. No charges brought.
  • Winning jury trial for Big Four accounting firm in accounting malpractice case.
  • Defending founder of private equity firm in SEC insider trading investigation. No charges brought.
  • Advising large international financial services firm in multiple SEC investigations.
  • Representing large international investment adviser in multiple government investigations.
  • Defending Fortune 200 technology company in SEC accounting investigation. No charges brought.
  • Advising whistleblowers and nonparty witnesses in multiple SEC investigations.
  • Defending banks in multiple regulatory investigations.
  • Defending bank in investor class action alleging $1.3 billion loss.
  • Defending banks in overdraft fee class actions.
  • Defending General Counsel and CFO of pharmaceutical company in SEC/DOJ investigation. No charges brought.
  • Defending CFO of technology company in SEC accounting investigation. No charges brought.
  • Defending prominent physician in SEC insider trading investigation. No charges brought.
  • Defending Head of Investor Relations of a Fortune 100 company in an insider trading investigation. No charges brought.
  • Defending General Counsel of a $20 billion investment advisor in an SEC disclosure and trading investigation. No charges brought.
  • Representing registered representatives in many state regulatory investigations
  • Defending CFO of brand name retail company in SEC accounting investigation. No charges brought.
  • Defending CFO of a hedge fund in SEC disclosure investigation. No charges brought.
  • Defending CFO of a multi-national technology company in an FCPA investigation. No charges brought.
  • Representing Fortune 100 financial service company in sales practice disputes.
  • Advising CEO of top 5 broker-dealer in shareholder class action.
  • Defending multiple banks in merger litigation.

Ian is often quoted about the SEC and corporate governance by many media outlets and is a frequent speaker and lecturer before bar, industry, and academic organizations. In addition, Ian has also represented artists and musicians in various types of matters. His work on their behalf was recently recognized by the Massachusetts Volunteer Lawyers for the Arts with the Robert B. Fraser Award for pro bono excellence. He plays a leadership role in a number of civic, charitable, and bar organizations, and has coached more than 30 youth baseball teams.

Experience

Experience

  • Nutter achieves trial win for Big Four accounting firm

    In November 2019, a Nutter trial team received a jury verdict in their favor for Nutter’s client, a Big Four accounting firm. Nutter’s client was alleged to have committed accounting malpractice for not detecting a fraud during the course of its annual audits. The plaintiff was seeking approximately $30 million in alleged actual and punitive damages. After a three-week trial in the Business Litigation Session of the Massachusetts Superior Court, the jury returned a verdict in favor of Nutter’s client and the judge dismissed all remaining claims. Nutter’s trial team included Ian Roffman, Nelson Apjohn, and Melanie Woodward, and they tried the case with co-counsel George Salter of Hogan Lovells (NY).

  • Nutter achieves victory for portfolio manager in SEC investigation

    In a significant victory for a Nutter client -- a star portfolio manager for a large national asset management firm -- the Securities and Exchange Commission closed its investigation of the portfolio manager without recommending any enforcement action. The SEC was investigating the client in connection with several trades made prior to public announcements of secondary offerings.

  • Multiple merger-related shareholder class actions

    Successfully represented companies and boards in multiple merger-related shareholder class actions.

  • Represented hedge fund portfolio manager in SEC investigation

    Represented senior hedge fund portfolio manager in SEC investigation relating to possible trading improprieties.

  • Represented multiple executives in expert network investigation

    Represented multiple individuals in SEC investigation relating to use of expert networks by institutional investors and hedge funds.

  • Insider trading investigations

    Represented many companies and individuals in more than a dozen insider trading investigations.

  • Represented Brokers

    Successfully represented broker from national brokerage firm in state securities investigation concerning selling practices. No charges filed.

  • Represented Traders

    Successfully represented trader from national financial services firm in investigations relating to credit default swaps. No charges filed.

  • Conducted internal investigation for audit committee

    Conducted internal investigation for audit committee of public biotechnology company concerning securities law compliance.

  • Won jury verdict in a major business torts case

    After a client’s competitor acquired a client’s exclusive supplier and threatened to terminate the client’s supply of a key component, we sued the competitor and supplier. In a month-long trial, we obtained a jury verdict holding the competitor and a supplier liable for breach of contract, tortious interference, and misappropriation of trade secrets, ultimately leading to a favorable judgment for declaratory and injunctive relief, double damages, and a multimillion dollar legal fee award under Massachusetts’s unfair trade practices statute.

  • Represented several executives of large cap public company in SEC investigation

    Represented several executives of large cap public company in SEC investigation relating to revenue recognition and accounting policies. No charges filed.

  • Advised state government entity concerning federal securities investigation

    Advised state government entity concerning federal securities investigation.

  • Represented senior executive in SEC investigation relating to subprime

    Represented senior executive of large cap national financial services company in SEC investigation relating to subprime. No charges filed.

  • Conducted internal investigation for a special litigation committee of a Fortune 500 company

    Conducted internal investigation for a special litigation committee of a Fortune 500 company concerning alleged fraudulent accounting and insider trading by officers and directors.

  • Won dismissal of civil RICO claims

    Won dismissal of civil RICO claims against regional healthcare organization.

  • Represented chief financial officer in FCPA investigation

    Represented chief financial officer of multi-national public company in FCPA investigation.

  • Eastern Bankshares, Inc.

    Nutter served as legal counsel to Eastern Bank Corporation, the mutual holding company of Eastern Bank, in its conversion to a fully public stock holding company known as Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC).

  • Fidelity Bank

    Nutter successfully obtained a settlement on behalf of its client Fidelity Bank in connection with a multi-district litigation class action relating to the TelexFree international Ponzi scheme. The Court approved the $22.5 million settlement and entered judgment dismissing the claims with prejudice. The legal team was led by Ian Roffman, chair of Nutter’s Securities Enforcement and Litigation practice, and included Joe Toomey, Ken Ehrlich, and Tom Curry.

News & Insights

News

Speaking Engagements

Publications

Honors

Honors

  • Best Lawyers in America, 2017-2021
  • Chambers USA, Leading U.S. Litigation: Securities Attorney, 2017-2020
  • Massachusetts Super Lawyers, 2011-2020
  • Benchmark Lawyer’s Guide “Rising Star,” 2011-2017
  • Boston Business Journal’s 40 Under 40, 2011
  • Volunteer Lawyers for the Arts, Fraser Award, 2011
  • SEC Enforcement Director’s Award, 2007
  • SEC Chairman’s Award, 2002

In the Community

In the Community

  • Council Member, Boston Bar Association, 2017-2020
  • Co-chair, Amicus Advisory Board, Greater Boston Chamber of Commerce, 2019 – present
  • Member, Boston Bar Association Judicial Independence Working Group, 2019

Education & Admissions

Education

University of Chicago Law School, J.D.
University of Chicago, A.B.

Admissions

  • Massachusetts
  • Illinois

Industry Expertise

Clients rely on Ian’s expertise and experience when facing SEC and other government investigations, securities litigation, corporate governance disputes, and complex civil litigation. He is often quoted about the SEC and corporate governance by many media outlets and is a frequent speaker and lecturer before bar, industry, and academic organizations.

Noteworthy

  • Best Lawyers in America, 2017-2021
  • Chambers USA, Leading U.S. Litigation: Securities Attorney, 2017-2020
  • Massachusetts Super Lawyers, 2011-2020
  • Benchmark Lawyer’s Guide “Rising Star,” 2011-2017
  • Boston Business Journal’s 40 Under 40, 2011
  • Volunteer Lawyers for the Arts, Fraser Award, 2011
  • SEC Enforcement Director’s Award, 2007
  • SEC Chairman’s Award, 2002
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