Glenn S. GitomerShareholder | Securities LitigationRated as “preeminent” by a leading survey for more than 25 years, Glenn represents defrauded investors and oppressed shareholders in derivative litigation.

Glenn S. Gitomer

Glenn is a seasoned litigator who has recovered tens of millions of dollars on behalf of defrauded investors and oppressed shareholders.

With a track record of success handling complex litigation over 35 years, he is perennially rated as “preeminent” by a leading survey of his peers. Glenn has also been recognized for his acumen in securities law and has been selected to the Pennsylvania Super Lawyers list for nine consecutive years.

His securities litigation experience includes representing customers, brokers, and broker-dealers in investment and employment disputes, and regulatory investigations and administrative actions by the SEC, FINRA, and state regulators. He also represents clients in hedge fund litigation.

Glenn oversees the firm's litigation practice.  He has held key leadership roles with two organizations influential in shaping policy and practice in securities law - the Public Investors Arbitration Bar Association and FINRA's National Arbitration and Mediation Committee. Glenn also currently serves as Chair of FINRA's Discovery Task Force.

Beyond McCAUSLAND Keen + Buckman

  • Longtime involvement in area non-profits, including Mann Center for the Performing Arts
  • Member of the Greater Philadelphia Film Office Board of Advisors

Selected Representative Matters

Obtained a $48 million award, including $30 million in treble damages and attorneys' fees, on behalf of investors for claims against a registered investment advisor

In aggregate, recovered more than $100 million dollars on behalf of investors defrauded by stockbroker abuses

Secured a FINRA arbitration award on behalf of an investor, requiring rescission of $6 million of auction rate securities and payment of attorneys’ fees

Successfully represented clients seeking millions of dollars of damages arising from deceptive insurance sales practices

Successfully defended a major institutional producer in a restrictive covenant action brought by a broker-dealer

Frequently represented clients in regulatory matters before the SEC, FINRA and the Pennsylvania Department of Banking and Securities

Publications + Media Mentions

October 27, 2016 “Developing an Aiding and Abetting Ponzi Scheme Case Against Financial Institutions,” Public Investors Arbitration Bar Association 25th Annual Meeting Book
September 1, 2016 “Bates Numbering: A Best Practice,” FINRA's The Neutral Corner
January 23, 2014 “Broker-Dealer Net Capital Requirements: The Litigation Contingency Reserves Dilemma,” Westlaw Journal: Securities Litigation & Regulations
January 1, 2010 “The Intake, Evaluation and Management of Cases Involving Wealthy and Sophisticated Investors,” Public Investors Arbitration Bar Association 19th Annual Meeting Book
January 1, 2009 “The Legal Aftermath of the Credit Rating Agencies' Failure,” Public Investors Arbitration Bar Association 18th Annual Meeting Book, and Pennsylvania Bar Institute's Recent Developments in Securities Arbitration
January 1, 2008 “Auction Rate Securities: A Crisis Foretold,” Practicing Law Institute’s Securities Arbitration and All-Star Briefing
January 1, 2005 “Claims Against Stockbrokers and Damages,” Pennsylvania Bar Institute's Prosecuting and Defending Customer Claims Against Stockbrokers, originally published 1999, revised 2001, 2003, 2005
January 1, 2005 “Evaluating the Claimant's Case: Finding a Hook in the Post-Bear Market Era,” Pennsylvania Bar Institute's Prosecuting and Defending Customer Claims Against Stockbrokers, originally published 2003, revised 2005
January 1, 2004 “The Architecture of Selling Away,” Public Investors Arbitration Bar Association 13th Annual Meeting Book
January 1, 2002 “There Must Be Some Way Out of Here: Recent Developments in Defenses to the Enforcement of Securities Industry Arbitration Agreement,” Practicing Law Institute's Securities Arbitration
January 1, 2001 “Pennsylvania Commercial Real Estate Broker Lien Act,” Pennsylvania Bar Institute's Mechanics' Liens
January 1, 2001 “The Perfecting of a Mechanics' Lien,” Pennsylvania Bar Institute's Mechanics' Liens, originally published 1999, revised 2001
January 1, 1989 “The Discharge of Federal Tax Liens: Judicial Sale or Non-judicial Sale,” Pennsylvania Bar Institute's Recent Developments in Mortgage Foreclosure
May 1, 2015 “In Investor Arbitration Cases, State Law Makes a Difference,” The Wall Street Journal
April 21, 2015 “Monday Money Tip: Money Manager Must Pay $48 Million for Bad Investments,” Philly.com
April 16, 2015 “Boston Investment Adviser Must Pay Couple $48.5 Million: Ruling,” Reuters
December 8, 2014 “Claim Seeks To Recover Clients’ Money That Dead Hummelstown Lawyer Lost,” PennLive.com
April 7, 2014 “2nd Circ. To Test Flexibility of FINRA Arbitration Rule,” Law360
January 11, 2014 “Madoff Case Results in a Record Fine Paid by J.P. Morgan,” Fresh Outlook TV
January 10, 2014 “SAC’s Martoma Harvard-Expulsion Revealed as Trial Starts,” Bloomberg News
January 2, 2014 “Martoma May Be Link Between Cohen, Insider Trading,” Crain’s New York Business
January 2, 2014 “SAC’s Cohen Focus of Trial as Martoma Rebuffs U.S.,” Bloomberg News
December 18, 2013 “New York Federal Judge’s Decision to Block Arbitration of Goldman Sachs Dispute Conflicts with Other Circuits,” Westlaw Journal Derivatives
March 8, 2013 “Parents Accuse Berks Co. of Civil Rights Violations for Kids' Improper Removal From Home,” PennRecord.com
January 1, 2012 “Fiorino v. City of Philadelphia, et al.,” ACLUpa.org
October 27, 2016 "Developing an Aiding and Abetting Ponzi Scheme Case Against Financial Institutions," Public Investors Arbitration Bar Association Annual Meeting.
January 1, 2015 “Investment Adviser Arbitration: What You Need to Know,” Securities Arbitration Commentator podcast.
January 1, 2014 Program Planner and Speaker, "Issues Facing Claimants' Attorneys in Securities Litigation," Public Investors Arbitration Bar Association 22nd and 23rd Annual Meetings.
January 1, 2012 "The Coming Wave of Litigation of LIBOR, The World's Most Important Number," The Greater Delaware Valley Chapter of the Association for Conflict Resolution.
January 1, 2012 Program Planner and Speaker, "The LIBOR Scandal,” Public Investors Arbitration Bar Association 21st Annual Meeting.
January 1, 2012 Moderator, "The iPad for Lawyers," Public Investors Arbitration Bar Association webinar.
January 1, 2012 Moderator, "Publicly Offered Non-Traded REITS: Understanding Their Financial Structure and Pitfalls," Public Investors Arbitration Bar Association Webinar.
January 1, 2010 Program Planner and Moderator, "Representing Wealthy and Sophisticated Investors," Public Investors Arbitration Bar Association 19th Annual Meeting.
January 1, 2009 Program Planner and Moderator, "Defeating the Rating Agency Defense,” Public Investors Arbitration Bar Association 18th Annual Meeting.
January 1, 2009 Course Planner, "Recent Developments in Securities Arbitration," Pennsylvania Bar Institute.
January 1, 2009 "Ponzi Schemes and Investment Fraud,” Delaware County Attorney/CPA Forum.
January 1, 2005 Course Planner, "Prosecuting and Defending Customer Claims Against Stockbrokers,” Pennsylvania Bar Institute, originally created 1999, updated 2001, 2003, 2005.
January 1, 2004 "Architecture of Selling Away," Public Investors Arbitration Bar Association 13th Annual Meeting.
January 1, 2003 Course Planner, "Practical Tips in Analyzing and Prosecuting Customer Claims Against Stockbrokers," Montgomery County Bar Association, Chester County Bar Association, Delaware County Attorney/CPA Forum.
January 1, 2002 "Securities Arbitration 2002,” Practicing Law Institute.
January 1, 2001 “Mechanics' Liens,” Pennsylvania Bar Institute, originally created 1991, updated 1999, 2001.
January 1, 1991 “Foreclosure and Repossession in Pennsylvania,” National Business Institute.
January 1, 1990 “Creditors' Remedies and Bankruptcy,” Pennsylvania Bar Institute.
January 1, 1990 “Mortgage Foreclosure in Pennsylvania,” National Business Institute.
January 1, 1989 “Recent Developments in Mortgage Foreclosures,” Pennsylvania Bar Institute.

Affiliations + Recognitions

  • FINRA National Arbitration and Mediation Committee, 2011-2016

    Public member; Served as Chair of the Rules and Neutral Roster Subcommittee

  • Public Investors Arbitration Association

    Former member of Board of Directors; co-chair of 2013 and 2014 Annual Meeting Committees

  • Selected to Pennsylvania Super Lawyers list, 2008-2016

  • Martindale Hubbell “Preeminent” AV Rated

  • FINRA Discovery Task Force

    Chairman

    Education

    Admissions

    • University of Indiana School of Law

      Juris Doctor

    • New York University

      Bachelor of Fine Arts

    • Pennsylvania

    • Florida

    • New York

    • U.S. Third Circuit Court of Appeals

    • U.S. District Court for the Eastern and Middle Districts of Pennsylvania

    • U.S. District Court for the Southern and Eastern Districts of New York

    • United States Tax Court

    • United States Court of Federal Claims