Daniel Cahill is a Managing Partner at Cahill Gambino LLP. Mr. Cahill's practice focuses on Commercial Litigation, Securities Law and Corporate Governance. Prior to founding Cahill Gambino, Mr. Cahill was the General Counsel - Litigation for First Albany Capital Inc. and was formerly associated with Weil, Gotshal & Manges in New York City where he represented public companies, securities firms and private companies, including such clients as GE Capital, Nomura Securities, Citigroup and Bank of Montreal. Prior to Weil, Gotshal, Mr. Cahill practiced at the law firm Vinson & Elkins in Houston, Texas. Mr. Cahill handles complex commercial litigation disputes (including Securities Act, Securities Exchange Act, class action and fraud cases) on a nationwide basis, as well as SEC and FINRA inquiries and investigations and advises companies and boards of directors concerning their options and obligations in connection with such disputes.
Representative cases in which Mr. Cahill has been the lead or major counsel include the following:
- In 2009 Mr. Cahill was lead counsel in an 11 day hearing before the United States Bankruptcy Court for the Northern District of New York, for an investment bank defendant. In the case the Court, in an exhaustive 75 page opinion, denied the Plaintiffs' securities fraud claims -- the Court found that the Plaintiffs failed to meet their evidentiary burden and failed to establish any of the elements of fraud in connection with the purchase and sale of the securities at issue. Although the case had been pending for years, Cahill Gambino was retained by the client only several months prior to the trial.
- In 2009, in New York Supreme Court, New York County - Commercial Division, Mr. Cahill successfully obtained an order dismissing a $25 million claim against a prominent international investment bank, arising out of a 2006 mortgage repurchase agreement between the bank and another entity, precipitated by the expiration of that agreement in conjunction with the credit crisis.
- Mr. Cahill represented the minority shareholders of a privately held conglomerate in connection with a litigated valuation of the entities and nine figure buyout of the minority shareholders.
- Mr. Cahill successfully defended and obtained a dismissal of breach of fiduciary duty, negligence, fraud and negligent misrepresentation claims against a broker-dealer client in a case surrounding the purchase of $6 million of bonds that subsequently became relatively worthless.
- Mr. Cahill was the lead counsel for an investment bank client and obtained a full dismissal of all claims against his client in connection with an accounting restatement of a publicly held company and the subsequent shareholder class action filed in the Northern District of California.
- In connection with a syndicated loan transaction Mr. Cahill was counsel to a participating bank in asserting and winning a jury verdict of over $15 million against the syndicating bank.
- In connection with the bankruptcy of large publicly traded corporation and representing the estate, Mr. Cahill was chief designer of innovative action against several large, publicly held entities for at least $600 million of short-swing profits, the largest recovery ever sought under Section 16(b) of the Securities Exchange Act of 1934.
Mr. Cahill has counseled Boards of Directors of publicly held entities in connection with internal investigations, the removal of executive officers, actions taken by certain corporate officers, the directors' fiduciary obligations in connection with their actions, the federal securities law implications of certain events, state corporate law duties and obligations as well as basic investor relationship issues. Mr. Cahill graduated magna cum laude from the University of Notre Dame Law School, where he was an editor of the Notre Dame Law Review. Mr. Cahill is licensed in New York and Texas.
Daniel S. Cahill
60 Railroad Place, Suite 202
Saratoga Springs, NY 12866
Tel: 518.584.1991
Fax: 518.584.1962