Times Wang is an Associate at Cohen Milstein and a litigator in the firm’s Securities Litigation & Investor Protection practice group. Before joining Cohen Milstein in 2014, Mr. Wang was an associate at a top-tier litigation firm in California.
Mr. Wang is currently litigating the following matters:
- Yahoo Human Rights Fund Litigation: Mr. Wang represents Chinese dissidents in a case alleging that Yahoo! Inc. and others breached their duties as trustees of a $17.3 million charitable trust meant to benefit persons imprisoned in China for exercising their freedom of expression online, resulting in at least $13 million of the trust being squandered. Mr. Wang is the lead attorney on the case, which is pending in the U.S. District Court for the District of Columbia. A New York Times story about the case is available here.
- Tower Research Capital: Mr. Wang represents Korean traders in a market manipulation case against Tower Research Capital, a New York high-frequency trading firm. The case involves novel issues regarding the application of the Supreme Court’s landmark decision in Morrison v. National Australia Bank, 561 U.S. 247 (2010) to electronic exchanges, and is currently on appeal to the U.S. Court of Appeals for the Second Circuit. Mr. Wang is the principal drafter of key portions of the appellate briefs.
- Miller Energy/KPMG: Mr. Wang represents shareholders in a case alleging that KPMG conducted sham audits of Miller Energy Resources, Inc., grossly inflating the value of Miller Energy’s Alaskan oil & gas assets, and enabling Miller Energy to perpetuate a years-long fraud that ultimately resulted in Miller Energy’s bankruptcy, as well as SEC charges. The case is pending in the U.S. District Court for the Eastern District of Tennessee. Mr. Wang was the principal drafter of significant portions of the operative complaint.
- Total Natural Gas: Mr. Wang represents a public utility 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, in order to move prices in directions that would benefit financial positions Total had taken elsewhere in the market. The case involves important questions of causation under the Commodity Exchange Act, and is currently on appeal to the U.S. Court of Appeals for the Second Circuit. Mr. Wang is a core member of the team serving as co-lead counsel for the proposed plaintiff class.
His successes include:
- NovaStar MBS Litigation: $165 million settlement. Mr. Wang was a key member of the Cohen Milstein team in this billion-dollar case. Mr. Wang took the depositions of senior investment bankers and mortgage executives, including of individual defendants, obtaining key testimony. Mr. Wang also supervised fact and expert discovery, and developed important legal and factual theories for advancing the case. The case alleged that NovaStar, the Royal Bank of Scotland, Wachovia, and Deutsche Bank dumped mortgage-backed securities on investors by falsely representing that those securities met certain underwriting criteria, when the truth was that the securities did not meet those standards at all.
- Harman Industries International Inc. Securities Litigation: $28.25 million settlement. Mr. Wang was the main associate on the Cohen Milstein team in this class action. Mr. Wang was the principal drafter of the briefs in a successful appeal to the U.S. Court of Appeals for the D.C. Circuit, as well as of the briefs successfully opposing defendants’ petitions for rehearing and certiorari. Mr. Wang was then instrumental in advancing the case after it was remanded to the lower court, and played a leading role in fact and expert discovery, class-certification briefing, and depositions, including by taking the deposition of defendants’ class-certification expert. The D.C. Circuit’s ruling was a significant win for investors, and 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.
- HEMT MBS Litigation: $110 million settlement. Mr. Wang was a key member of the Cohen Milstein team in this class action alleging that Credit Suisse sold shoddy mortgage-backed securities that did not meet underwriting standards. Mr. Wang, who joined the team during discovery, was particularly involved in summary judgment and Daubert briefing, where he focused on loss causation issues, working closely with an outside economics expert.
- BP Securities Litigation: $175 million settlement. Cohen Milstein was 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.
- U.S. Navy Humanist Chaplain Litigation: Mr. Wang 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.
- ITT Educational Services Inc. Securities Litigation: $16.96 million settlement. Mr. Wang was a member of the Cohen Milstein team in this class action 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, and worked extensively with the firm’s outside economics expert.
Mr. Wang’s writings have been published in the Washington Post (here) and The Globe & Mail (here), and his work has been cited in the New York Times (here), Forbes (here), and the Los Angeles Times (here).
He earned his J.D., cum laude, from New York University School of Law in 2011, where he was involved in human rights work and served as Articles Editor for the Annual Survey of American Law. He earned his B.A. in East Asian Studies, with Great Distinction, from McGill University in 2007.