Adam Farra is an Associate at Cohen Milstein and a member of the Securities Litigation & Investor Protection practice group, where he represents institutional investors, individuals, businesses, and public entities in securities fraud cases, RICO cases, antitrust cases, shareholder derivative and corporate governance disputes, and other complex commercial cases.
Mr. Farra is currently litigating the following notable cases:
- In re Interest Rate Swaps Antitrust Litigation: Cohen Milstein is co-lead counsel in this putative class action against 11 Wall Street banks that are alleged to have colluded with one another to crush competition in the trillion-dollar market for interest rate swaps, a type of financial derivative. The case is in active discovery.
- In re Credit Suisse Group AG Securities Litigation: Cohen Milstein is co-lead counsel in this putative securities fraud class action against Credit Suisse Group AG and certain of its executives for making material misrepresentations regarding Credit Suisse’s trading and risk limits, and subsequent accumulation of billions of dollars in extremely risky, highly illiquid distressed debt and collateralized loan obligations.
- Nieves v. Performance Sports Group Ltd., et al.: Cohen Milstein is lead counsel in this putative securities fraud class action involving PSG’s failure to disclose that its growth was driven by the Company’s manipulative and coercive sales practices, which included pulling orders forward from future quarters to meet business targets and forcing customers to increase their orders without regard for market demand. The SEC and Canadian authorities subsequently initiated investigations, and PSG has since filed for bankruptcy.
Some of Mr. Farra’s successes include the following:
- Tradex Global v. McGladrey & Pullen LLP, et al.: Cohen Milstein represents investors in a putative class action lawsuit against a major accounting firm for its alleged fraud and negligence arising out of a Ponzi scheme perpetrated by Thomas Petters and his co-conspirators, one of the largest Ponzi schemes in U.S. history. The $27.5 million settlement was preliminarily approved by the court in April 2018.
Mr. Farra maintains an active pro bono practice, and has served as lead appellate counsel in several precedent-setting pro bono cases. His cases include the following:
- Brennan M. Gilmore v. Alexander E. Jones, et al.: Representing a national group of 14 law professors, Mr. Farra authored an amicus curiae brief in support of plaintiff Brennan Gilmore in a high-profile defamation lawsuit in federal court in Virginia against Alex Jones, his company and YouTube show Infowars, and other defendants. In preparing the brief, Mr. Farra and Cohen Milstein worked with Gilmore’s counsel, the Georgetown Civil Rights Clinic and the Constitutional Accountability Center.
- Scinto v. Stansberry, et al., 841 F.3d 219 (4th Cir. 2016): Mr. Farra successfully argued before a federal appeals court that there was adequate evidence that federal prison officials violated the Eighth Amendment’s prohibition on cruel and unusual punishment when they denied his client, a former inmate, certain medical care.
- Fontanez v. O’Brien, 80 F.3d 84 (4th Cir. 2015): Mr. Farra persuaded a federal appeals court to reverse the dismissal of his client’s habeas petition, creating a new jurisdictional precedent in the Fourth Circuit for inmates challenging the conditions of their confinement.
Mr. Farra also has an appointment as an adjunct professor at the University of Maryland School of Law, where he teaches a seminar in constitutional law. Mr. Farra writes and comments on the topics of securities and class action litigation, constitutional issues, as well as appellate matters. Recent articles include, “Trump, Pro-Gun Groups Headed for SCOTUS Duel?”, Bloomberg BNA, August 9, 2017; “Enter Judge Pamela Harris,” Maryland Appellate Blog, February 2017; and “Apollo Settlement Highlights Vulnerabilities Faced by Private Equity Investors,” Shareholder Advocate, November 2016.
Mr. Farra received his J.D. from the University of Maryland School of Law, from which he graduated magna cum laude and Order of the Coif. He clerked for Judge Peter J. Messitte on the U.S. District Court for the District of Maryland, and for Judge Andre M. Davis on the U.S. Court of Appeals for the Fourth Circuit.