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Seth M. Kruglak


Seth M. Kruglak

New York

T:+1 212 408 5549

Seth Kruglak is a Partner in Norton Rose Fulbright's New York office, where his practice focuses on litigating significant disputes and representing clients in complex investigations.

Seth has obtained winning jury verdicts and brought investigations to successful resolution for a wide range of clients, including major corporations, banks, insurers, utilities, private equity funds, government officials and individuals. He also has experience in international and domestic arbitrations.

Seth has handled a wide variety of matters, including complex commercial and corporate disputes, securities, financial services, private equity, oil and gas, insurance, class actions, commodities, project finance, RICO, antitrust, intellectual property, products liability, civil rights and matters of national security.

Seth clerked for the Honorable Stanley Marcus, United States Court of Appeals for the Eleventh Circuit, and was a Senior Editor of the Columbia Law Review.

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  • Education

    JD, Columbia Law School; Senior Editor, Columbia Law Review; Harlan Fiske Stone Scholar, 2003
    BA, summa cum laude, University of Pennsylvania, 2000

  • Representative experience

    Financial Institutions, Securities and Insurance Disputes

    • Tried litigation brought by Starr Indemnity & Liability Company against third party claims administrator to jury verdict in the Southern District of New York, winning multi-million dollar judgment for tort and contract claims and an award of punitive damages from the jury.
    • Defended major bank in connection with inquiry and hearing by the United States Senate Permanent Subcommittee on Investigations regarding the activities of bank holding companies in connection with physical commodities.
    • Represented putative class of holders of structured finance securities insured by MBIA in a Southern District of New York litigation alleging MBIA's corporate restructuring constituted a US$5+ billion fraudulent conveyance and breached the implied covenant of good faith and fair dealing.
    • Defended certain officers of Lehman Brothers in securities fraud suit arising from Lehman's exposure to real estate, mortgage-backed securities and mortgages.
    • Defended JP Morgan, Bear Stearns and EMC Mortgage Corporation in breach of contract and fraud litigations brought by monoline financial guaranty insurers in connection with securitizing residential mortgage loans.
    • Defending insurance companies against claims of aiding and abetting breaches of fiduciary duty and waste in high profile dispute in Delaware Chancery Court.
    • Represented "winning investor" in alleged Ponzi scheme in connection with the SEC and CFTC's opposition to the investor's settlement of potential clawback litigation.
    • Represented private equity funds seeking relief against former members and defaulting limited partners.
    • Represented banks in connection with consumer finance litigation.

    Energy Disputes

    • Represented Oil Basins Ltd (Bermuda) in successful international arbitration and rehearing to recover substantial overriding royalty payments on oil and gas produced offshore Victoria, Australia subject to the Weeks Royalty.
    • Defended former CEO of major energy company in connection with highest profile criminal Sherman Act investigation and indictment brought by the DOJ against an individual in decades.
    • Represented New Brunswick Power (Canada) in breach of long-term fuel supply agreement dispute with Venezuelan national oil companies before the Southern District of New York and Second Circuit Court of Appeals.
    • Defended anchor line manufacturer in US$100+ million suit in the Southern District of Texas alleging defective anchor lines caused oil drilling rigs in the Gulf of Mexico to break free during Hurricane Ike.
    • Advised corporations and banks in connection with project finance transactions and regulatory matters.

    Governmental Entities and Officials

    • Assumed defense of Governor George Pataki on the eve of a nearly month-long jury trial in the Southern District of New York brought by convicted violent sex offenders alleging due process violations and related claims against the Governor and other New York government officials; jury returned verdict finding no liability for the Governor.
    • Represented federal, state and local legislators as amici curiae in the Southern District of New York and Second Circuit Court of Appeals to support the City of New York and NYPD's defense of constitutional challenges to anti-terror subway security programs
    • Represented City of New York and NYPD in connection with mass arrest suits in the Southern District of New York.

    Additional Complex Disputes and Investigations

    • Defended Princeton University in suit seeking return of Robertson Foundation endowment and other spending by Princeton exceeding US$1 billion.
    • Pursued RICO and antitrust matter arising from alleged bribery in connection with television broadcasting of prestigious South American soccer tournaments.
    • Represented clients in connection with Department of Justice investigations involving the Foreign Corrupt Practices Act, the False Claims Act, and related civil litigations.
    • Conducted internal investigations in response to criminal and civil government investigations.
    • Defended individual subject to civil health care fraud judgment in connection with post-trial motions for relief.
  • Admissions
    • New York State Bar
  • Rankings and recognitions
    • New York Metro Rising Star, Business litigation and Securities litigation, Thomson Reuters, 2013-2018
    • Under 40 Hot List, Benchmark Litigation, Euromoney PLC, 2018
    • Senior Editor, Columbia Law Review; Harlan Fiske Stone Scholar, Columbia Law School
  • Publications
  • Memberships and activities
    • Judicial Clerk, Honorable Stanley Marcus, US Court of Appeals for the Eleventh Circuit, 2003-2004