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Timothy Cornell focuses on complex litigation, particularly securities fraud, FINRA arbitration and the False Claims Act.
This year, Timothy settled a False Claims Act case against a medical clinic and opioid manufacturer, a lawsuit between a software developer and a Massachusetts university, and, representing two hedge fund, won judgments against three companies, and defended an international bank platform in major SEC litigation. His brief in a multimillion dollar False Claims Act case against a medical device company is now pending before the 9th Circuit. He also advises the second largest non-profit news organization in the U.S.
Timothy enjoyed a career in journalism before heading into law. Writing for the Boston Herald, the Philadelphia Inquirer, and other newspapers, he covered courts, crime and education. While at the Tennessean in Nashville, he uncovered a series of radiation experiments conducted on poor pregnant women during the Cold War that led to a class action lawsuit and a $10 million settlement with Vanderbilt University.
He graduated from the University of Chicago, where he studied with the neoplatonist, Allan Bloom. Later, he graduated cum laude from Cornell Law School, where he was editor-in-chief of Cornell International Law Journal.
He has litigated a wide range of commercial, securities, and False Claims Act cases. Working for the famed lawyer David Boies, Timothy represented a whistleblower against the pharmacy benefit manager Medco that resulted in a $166 million settlement and was named Case of the Month by American Lawyer. He served in the Office of Chief Counsel for the SEC's Division of Trading and Markets, where he advised on the regulation of derivatives during the financial crisis.
In addition to his caseload, Timothy is a trustee of Saint-Gaudens Memorial, where he is its vice president and chairs its music committee. He is a member of the Federal Bar Association and the Association of SEC Alumni.
Patrick has litigated more than 100 trials and arbitrations to verdict. He regularly advises individuals, companies, and lenders on complex business and employment matters.
Most recently, he obtained a judgment of more than $2 million for a lender over a failed subdivision, which had resulted in the developer filing for Chapter 11 bankruptcy protection and then engaging in protracted litigation in the Superior Court. He successfully argued an important securities case to the Massachusetts Supreme Court, resulting in the Court upholding a verdict of approximately $400,000.00 for his client. He represented a bank in a trial that resulted in a verdict in his client's favor of approximately $4.2 million. And he secured relief from an automatic stay in Bankruptcy Court on a matter involving a Chapter 11 Debtor who had guaranteed about $17,000,000 in debt. He successfully defended two principals from claims of piercing the corporate veil, in which the plaintiffs sought to hold the individuals liable for more than $500,000 in damages.
In over 25 years of practice, Patrick has defended attorneys, accountants, and securities brokers in claims regarding professional malpractice, successfully defended private equity funds in claims for more than $100,000,000 in damages, and obtained numerous pre-trial and summary verdicts for clients.
In addition to his litigation work, Patrick has negotiated complex loan agreements on behalf of lenders, executive employment contracts and severance agreements for employers and employees, and represented companies and shareholders in corporate formation, resolution and dissolution agreements. He has also advised broker-dealers and private equity funds on compliance and start up issues, and defended them in litigation.
He graduated from Boston College Law School in 1993, named a Rising Star Superlawyer in Boston Magazine, and brings to the boutique practice of Cornell Dolan P.C. years of experience working in some of Boston's most prominent law firms.
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