Thomas P. Krebs is a partner and litigation attorney with Foley & Lardner LLP. His practice focuses primarily on complex securities and commodities litigation. Thomas has represented public companies, officers and directors in federal securities fraud class actions and shareholder derivative lawsuits. He also has represented a diverse group of banks, underwriters, broker-dealers, clearing firms and futures commission merchants in disputes before various self-regulatory organizations and state and federal courts. As a result of this national practice, Thomas has been admitted pro hac vice in many state and federal courts throughout the country. He is a member of the firm’s Securities Enforcement & Litigation Practice.
Representative Experience
- Representing numerous futures commission merchants in commodities-related claims brought by the Trustee of Sentinel Management Group, Inc.
- Representing a prominent broker-dealer in a lawsuit alleging that its predecessor engaged in the practice of “yield burning” in connection with numerous municipal bond advance funding transactions.
- Obtained the dismissal of a securities fraud putative class action brought against the founder and former CEO of a prominent office supply company.
- Obtained the dismissal of a securities fraud putative class action brought against an energy company and all of its officers and directors.
- Secured a favorable settlement for a prominent broker-dealer in a securities fraud action that it brought against numerous brokers and related parties.
- Secured a favorable settlement for a Chicago clearing firm in a securities fraud action that it brought relating to the MJK Clearing stock loan scandal.
- Acted as a securities litigation consultant for a state retirement and pension system.
Pro Bono
- Committed to pro bono work. He recently obtained asylum in the United States for an Eritrean refugee who had been persecuted and tortured by the Eritrean government. Thomas currently represents two C# inmates before the Illinois Prisoner Review Board.
Arbitrations: From the Starting Gate to the Finish Line
With the rise and risks associated with litigating through the arbitration process, this panel will provide an overview of the processes for NFA, AAA, and FINRA arbitrations. The panel will start the discussion with the importance of building the necessary foundation for success through preparation, continuing through discovery, and strategies for success at the hearing.
Stock Exchange Immunity Erodes As Biz Models Evolve
Throughout the 20th century, the national securities exchanges were owned by their members and functioned strictly as self-regulatory organizations.
VIX Manipulation Class Actions
On May 31, 2018, the United States Judicial Panel on Multidistrict Litigation will hold a hearing in Chicago to consider whether the pending class actions should be consolidated, and if consolidated, where they should be litigated—in Chicago or New York federal court.
Multiple Cases Filed Alleging VIX Manipulation By Traders
On Friday, March 9, Atlantic Trading USA LLC (Atlantic) filed a class action complaint in Chicago federal court against numerous unnamed trading firms, alleging manipulation of the Chicago Board Options Volatility Index (VIX).
Multiple Cases Filed Alleging VIX Manipulation By Traders
On Friday, March 9, Atlantic Trading USA LLC (Atlantic) filed a class action complaint in Chicago federal court against numerous unnamed trading firms, alleging manipulation of the Chicago Board Options Volatility Index (VIX).
Multiple Cases Filed Alleging VIX Manipulation By Traders
On Friday, March 9, Atlantic Trading USA LLC (Atlantic) filed a class action complaint in Chicago federal court against numerous unnamed trading firms, alleging manipulation of the Chicago Board Options Volatility Index (VIX).