FacultyFaculty/Author Profile

Marc D. Powers

Baker Hostetler LLP

New York, NY, USA

Marc D. Powers is a senior partner in the New York office of Baker Hostetler, where he has lead the firm's Securities Litigation and Regulatory Enforcement Practice since 2004.  He has practiced in securities regulation, litigation and enforcement for thirty years in many of the notable cases in this area.

Marc has been working closely with David Sheehan for over three years since the confession by Bernard Madoff of his $65 billion Ponzi scheme involving Bernard L. Madoff Investment Securities. As everyone now understands, thousands of investors lost principal investments provided to Madoff and his brokerage firm of approximately $20 billion.  Marc works under David Sheehan, the primary counsel for Irving Picard, the SIPC Trustee in the liquidation of BLMIS, as a leader or co-leader of several teams of attorneys which have commenced several litigations to recover monies for the victims. These actions against feeder funds Tremont, Maxam and Ascot and the litigations against Madoff's family members, aggregate bankruptcy and other claims of approximately $3 billion. 

Marc began his legal career working five years in the SEC's Enforcement Division in New York. Upon entering private practice he has represented corporations, broker-dealers, mutual funds, and investment advisers in complex civil litigation and arbitrations, and when facing civil and criminal investigations. He is regularly consulted by clients and the media on securities laws issues, having successfully represented Doug Faneuil in the ImClone/Martha Stewart insider trading case, Lord Conrad Black, the former Hollinger media mogul, and various other clients. He is an appointed member to the Wolters Kluwer (CCH) Securities Regulation Advisory Board for 2011-2012.

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