Lisa C. Solbakken

Lisa C. Solbakken

Managing Partner

lsolbakken@arkin-law.com
(212) 333-0226
(212) 333-2350

Lisa C. Solbakken specializes in all aspects of business-related litigation and negotiations, including contract and securities law, regulatory investigations, and employment matters. She also regularly advises equity holders and senior executives of both public and private companies in connection with complex commercial business and litigation issues, including fiduciary law, compensatory rights, non-compete obligations and wrongful termination cases. Ms. Solbakken appears in state and federal courts throughout the United States in connection with her practice. She also regularly lectures on litigation risks and employment issues to bar associations and industry groups. Before joining the firm, Ms. Solbakken practiced with the New York office of Willkie Farr & Gallagher LLP. Ms. Solbakken has been recognized as a “Super Lawyer” in New York Super Lawyers consecutively from 2015 to 2019.



Notable Representations

  • Successfully defended CEO against FINRA allegations that he engaged in insider trading, obtaining dismissal of all claims after full arbitration hearing on the merits.
  • Obtained summary dismissal of forty-four separate derivative claims asserted against Board in shareholder derivative suit.
  • Successfully prosecuted fraud and alter ego claims against Company’s President and CEO, resulting in mandate that the executive is personally liable on a multi-million dollar judgment.
  • Prevailed on all counts of a breach of contract case involving pre-IPO sales of Facebook and Zynga stock.
  • Successfully defended a managing member of a LLC in a lawsuit alleging fraud and breach of fiduciary duty claims, obtaining dismissal of all counts.
  • Obtained summary judgment in favor of former partner of technology company in connection with a breach of a share repurchase agreement.
  • Successfully negotiated the transition of partners separating from Wall Street investment bank to open their own fund.
  • Serves as advisor to leading financing specialist firm that provides portfolio-critical financial services to hedge fund clients.
  • Defended chief executive officer of a leading manufacturer of automotive interior components in connection with securities fraud claims, obtaining dismissal of all counts.
  • Negotiated multi-million dollar separation agreement on behalf of founding member and chief operating officer of closely held corporation.
  • Successfully resolved contentious litigation between founding members of a real estate brokerage firm, resulting in a settlement affording client increased equity and sole managerial authority.
  • Obtained multi-million dollar jury verdict for hedge fund against major telecommunications company for failure to honor warrant expiration dates.
  • As member of the trial team, defended four major Wall Street investment banks against class action litigation commenced in Worldcom securities class action suit pending in the Southern District of New York.
  • Served as co-counsel for defendant in two-month bench trial when no damages were awarded in Lanham Act case alleging unfair trade practices.
  • Regularly represents private equity and hedge fund members in employment-related business disputes and negotiations.



See Lisa Solbakken on Fox Business News

Education
Brooklyn Law School, J.D. − 1998
  • Editor-in-Chief, Brooklyn Law Review
  • Finalist, Robert F. Wagner National Moot Court Competition
American University, B.A. Cum Laude – 1995
Clerkship
Hon. Arlene R. Lindsay, United States District Court for the Eastern District of New York, 1998-2000
Panels
New York City Bar Association, Employment Transitions in the Financial Services Industry: Practical & Legal Issues, Panelist, October 24, 2013

Casualty Actuarial Society, Attorneys Who Defend Actuaries, Panelist, December 3, 2008
Bar Admissions
New York State

U.S. Court of Appeals for the Second Circuit

U.S. District Court for the Southern District of New York

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Wisconsin

U.S. District Court for the Eastern District of Michigan

Pennsylvania
Memberships
American Bar Association

2019's Lawyers of Distinction

2020 America’s Top 100 Bet-the-Company Litigators®
Publications
Lisa C. Solbakken, “Why Funds Should Confirm Clear Contractual Obligations and Liabilities with their Administrators,” Hedge Fund Law Report, Vol. 10, No. 6 (Feb. 9, 2017)

Stanley S. Arkin and Lisa C. Solbakken, “FINRA’s Hunt for Insider Trading Cases in Illiquid Markets,” Business Crimes Bulletin (January 2016)

Stanley S. Arkin and Lisa C. Solbakken, “The Settlement Privilege and the Threat of Legal Action,” Business Crimes Bulletin (September 2014)

“Dispelling Suspicions as to the Existence of the Self-Evaluative Privilege,” (Co-Author), 65 BROOK. L. REV. 459 (1999)

“The Anti-terrorism and Effective Penalty Act: Anti-immigration Legislation Veiled in an Anti-terrorism Pretext,” 63 BROOK. L. REV. 1381 (1998)