Stephen Stroup

Drinker Biddle & Reath LLP

$ $$$

Logan Square 1
Philadelphia 19103 PA US

Stephen G. Stroup has substantial experience in securities and corporate governance litigation, complex business disputes and corporate investigations, with a particular emphasis on Securities and Exchange Commission (SEC) enforcement proceedings and private actions involving accounting and financial issues.

Steve has a proven track record of obtaining optimal results for his clients, both at trial and during the pre-trial and investigatory stages. He recently obtained a full dismissal of a securities class action complaint for a publicly-traded pharmaceutical company and its chief executive officer.

Other successes include a full acquittal for a corporate and securities attorney charged with conspiracies to commit securities fraud and wire fraud, and exceptional settlement concessions from the SEC on behalf of a “Big Four” audit partner in an SEC enforcement action.

Steve is a certified public accountant and a certified fraud examiner with considerable experience in the accounting and auditing professions prior to entering the law. This dual background in law and accounting offers his clients a unique perspective and advantage when deciphering facts and evaluating sophisticated legal matters.

Steve has also written many articles on emerging trends in SEC enforcement and corporate governance, and is a frequent contributor to the firm’s SEC Law Perspectives blog, which provides reports, discussions, and analyses on noteworthy trends in enforcement and regulatory activity of the U.S. Securities and Exchange Commission (SEC) and other agencies.

Before entering private practice, he served as a judicial clerk for the Hon. Joseph D. O’Keefe in the Court of Common Pleas, Philadelphia County.

Experience :

  • SEC Investigative and Enforcement Actions
    • A “Big Four” audit engagement partner in an enforcement action under Section 10(b) of the Exchange Act involving purchase price adjustments, bad debt reserves and intercompany transfers.
    • A regional bank holding company in a formal investigation pertaining to the adequacy of its accounting for loan and lease losses and other-than-temporarily impaired investments, and the sufficiency of its internal control environment.
    • A vice president of a major, nationally-recognized broker-dealer in a parallel SEC and USAO securities fraud investigation concerning “market timing” activities in the mutual fund industry.
    • A limited partnership named as a relief defendant in an enforcement action under Section 10(b) of the Exchange Act and Section 17 of the Securities Act involving a “Ponzi scheme” and other misappropriations of investor funds.
    • A broker-dealer in a formal investigation centered on the adequacy of financial disclosures pertaining to pharmaceutical research and development-based projections.
  • Securities Litigation and Accountants’ Defense
    • A publicly-traded pharmaceutical company and its CEO in a class action under Sections 10(b) and 20(a) challenging the material adequacy of disclosures relating to the design and conduct of the company’s clinical drug trials.
    • A large, national accounting firm in a fraud and professional negligence action involving the valuation of illiquid investments on a private equity fund’s financial statements.
    • A partner from an international accounting firm in a Public Company Accounting Oversight Board (PCAOB) investigation, concerning alleged workpaper violations under both PCAOB standards and generally accepted auditing standards (GAAS).
    • A state insurance commissioner, as statutory receiver for an insolvent insurer, prosecuting claims relating to the valuation and risk of collateralized mortgage obligations (CMOs) and other mortgage backed securities against two internationally-renowned investment advisory firms.
  • White Collar Criminal Defense and Corporate Investigations
    • The Special Committee of a Fortune 100 company in response to a governmental investigation concerning whether service contracts with the federal government complied with “most favored nation” pricing requirements.
    • A Fortune 500 company in response to an SEC inquiry concerning the material adequacy of product warranty reserves and related disclosures in numerous public filings.
    • The Special Committee of a regional bank holding company in response to shareholder allegations of misleading voting protocols for the approval of amendments to the company’s articles of incorporation.
    • The Special Committee of a real estate investment trust resulting from an outside auditor inquiry about possible undisclosed related party transaction involving a corporate director.

Education :

  • Widener University School of Law, J.D., 1998, cum laude, The Delaware Journal of Corporate Law
  • Lehigh University, B.S., 1989

Bar Admissions : New Jersey, Pennsylvania

Court Admissions :

  • U.S. Court of Appeals, Third Circuit
  • U.S. District Court, District of New Jersey
  • U.S. District Court, Eastern District of Pennsylvania

Cost

Rate : $$$$

Contact for details

What types of cases Attorney Stephen Stroup & Drinker Biddle & Reath LLP can handle?
Drinker Biddle & Reath LLP can handle cases related to laws concerning Corporate, Litigation, Class Action, White Collar Crime. We manually verify each attorney’s practice areas before approving their profiles and reviews on our website.
Where is Drinker Biddle & Reath LLP located?
Drinker Biddle & Reath LLP is located at 1 Logan Square #2000, Philadelphia, PA 19103, USA. You can reach out to Drinker Biddle & Reath LLP using their phone line (215) 988-2547. You can also check their website drinkerbiddle.com or email them at [email protected].
How much would it cost to hire Drinker Biddle & Reath LLP?
Stephen Stroup lawyer charges are specific to each case. However, they work with contingency fees and its ranges from $$ to $$$. They also provide free consultation [and no obligation quotes] if you are interested to hire.
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Logan Square 1
Philadelphia 19103 PA US
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