Times Wang is an Associate at Cohen Milstein and a litigator in the firm’s Securities Fraud Practice Group. Before joining Cohen Milstein in 2014, Mr. Wang was an associate at a top-tier litigation firm in California.
Currently, Mr. Wang is litigating the following matters:
- Total Natural Gas: Cohen Milstein is Co-Lead Counsel for a proposed class of plaintiffs in a case alleging that energy giant Total S.A. and its subsidiaries manipulated natural gas prices in the United States by buying and selling large amounts of physical gas that it never intended to actually deliver, or take delivery of. The sole reason Total made these purchases and sales was allegedly to move price indexes in directions that would benefit financial positions Total had taken elsewhere in the market. The case alleges that this scheme caused artificial prices to occur in the natural gas market, and, crucially, at the Henry Hub. Mr. Wang briefed the critical scienter/specific intent portion of the opposition to the motion to dismiss, which is currently pending.
- NovaStar MBS Litigation: Mr. Wang is a core member of the Cohen Milstein team litigating this billion-dollar case alleging that NovaStar, the Royal Bank of Scotland, Wachovia, and Deutsche Bank dumped shoddy mortgage-backed securities on investors by falsely representing that those securities met quality standards, when the truth was just the opposite. Mr. Wang has taken the depositions of senior investment bankers and mortgage executives, including of individual defendants, obtaining key testimony. Mr. Wang has also supervised fact and expert discovery, and has developed important legal and factual theories for advancing the case.
- Harman Industries International Inc. Securities Litigation: Mr. Wang is a member of the Cohen Milstein team litigating a class action suit against Harman International Industries, Inc., in which Cohen Milstein won an appeal to the U.S. Court of Appeals for the D.C. Circuit, reversing the dismissal of the case by the U.S. District Court. The D.C. Circuit’s ruling was a significant win for investors, in that it clarified that defendants cannot escape liability under the “safe harbor” for “forward-looking statements” in the Private Securities Litigation Reform Act of 1995 if their warnings fail to apprise investors of important risks that exist at the time the forward-looking statements are made. Mr. Wang was the principal drafter of the briefs in the successful appeal, as well as of the briefs successfully opposing defendants’ petitions for rehearing and certiorari. On remand to the district court, Mr. Wang played a leading role in fact and expert discovery, class-certification briefing, and depositions, including by taking the deposition of defendants’ class-certification expert.
His successes include:
- BP Securities Litigation: $175 million settlement. Cohen Milstein is Co-Lead Counsel in the litigation, which settled on the eve of trial. Mr. Wang joined the litigation team at a critical moment, briefing numerous case-dispositive issues in connection with summary judgment.
- HEMT MBS Litigation: $110 million settlement. Cohen Milstein was lead counsel in a class action lawsuit alleging that Credit Suisse sold shoddy mortgage-backed securities, which did not meet underwriting standards, to investors. Mr. Wang was a key member of the Cohen Milstein team from depositions through summary judgment and Daubert briefing. During summary judgment and Daubert briefing, Mr. Wang was particularly focused on loss causation issues, working closely with an outside economics expert.
- ITT Educational Services Inc. Securities Litigation: $16.96 million settlement. Cohen Milstein was lead counsel in a class action lawsuit alleging that ITT and two officers misrepresented and omitted ITT's liabilities under certain risk-sharing agreements it had entered into with third-party student loan lenders. Mr. Wang was responsible for the class certification briefing, working extensively with the firm’s outside economics expert.
- U.S. Navy Humanist Chaplain Litigation: Mr. Wang, along with other Cohen Milstein attorneys, represented Jason Heap, who sued the U.S. Navy for rejecting his application to become a chaplain on the basis of his humanist religious beliefs, in violation of the Constitution. After hard-fought discovery, during which Mr. Wang took the depositions of several senior U.S. Navy officials, the case settled.
Mr. Wang is a graduate of McGill University in Montreal, where he earned a B.A. in East Asian Studies, with Great Distinction, in 2007. He earned his J.D., cum laude, from New York University School of Law in 2011, serving as Articles Editor for the Annual Survey of American Law. During law school, Mr. Wang interned at Human Rights in China and served as Human Rights Chair of NYU’s Asia Law Society.