Chris Leonardo Partner

Whether leading clients through multi-district litigation or innovating alternative financial solutions for clients to hedge their legal risk, Chris helps clients solve some of their most difficult and vexing legal problems.

As a seasoned litigator, he has helped corporate clients secure more than $3.5 billion in litigation recoveries as plaintiffs in antitrust litigation. These cases arose from the agribusiness, automotive, chemical, consumer electronics, financial, and software markets, and involved complex commercial disputes, important supplier relationships, cross-border public and private enforcement actions, and a host of other litigation and claim resolution challenges.

Chris is also at the forefront of advising corporate clients, leading AmLaw firms, investors, asset managers, and family offices, in identifying, valuing and monetizing legal assets and litigation recoveries, including complex commercial claims and litigation portfolios. He has served as the outside General Counsel for a publicly traded litigation finance fund managing over $600 million, and later pioneered an investment strategy for the fund that helped generate over $1 billion in gross proceeds (and close to $300 million in gross dollar returns to the fund and its investors). He then served as a principal and co-founder of a litigation investment business for a market leading global advisory and restructuring firm. He has likewise served as a Director at an established fund manager with over $1 billion in assets under management devoted to investing in legal assets. He is now routinely engaged by both hedge funds and asset managers in litigation related investment opportunities. He also works with companies and counsel to advance their affirmative recovery objectives by helping them to hedge litigation risk while maximizing their expected litigation recoveries.

REPRESENTATIVE MATTERS

LITIGATION
  • Currently represents the State of New Mexico in complex antitrust litigation involving the Credit Default Swaps auction process.
  • Represented Tyson Foods and more than 50 other large purchasers of synthetic amino acids in a variety of industries in litigation against methionine manufacturers accused of participating in a global price-fixing cartel. Representation resulted in recoveries of over $325 million for the client group.
  • Represented major purchasers of polyurethane chemicals in price fixing litigation in Kansas and New Jersey. Case settled after five weeks of trial in federal court in New Jersey. Total client recoveries were approximately $500 million.
  • Represented AT&T, Motorola Mobility, Target Stores, and other large purchasers of TFT-LCD displays and products against manufacturers accused of participating in a conspiracy to restrict supply and increase prices of LCD products. Recovered approximately $500 million for the client group.
  • Represented Fortune 100 industrial chemical company as settlement counsel in antitrust price fixing matter, resulting in favorable resolution for the client.
LITIGATION FINANCE
  • Currently represent multi-strategy fund with over $3 billion in AUM as dedicated counsel for litigation driven investment opportunities. Conduct diligence, claims valuation, and deal structuring across fund’s litigation investment opportunity set. Advise on claim monetization, law firm portfolio funding, and strategic issues involving Alternative Business Structures.
  • Currently represent litigation finance fund with over $1 billion in AUM as dedicated counsel in connection with diligence, claims valuation, and deal structuring across fund’s litigation investment portfolio, including corporate claim monetization matters.
  • Currently represent litigation finance investment platform with respect to sizeable investment in complex mass tort litigation.
  • Currently represent litigation finance investment fund with respect to insured IP investment.
  • Currently represent large plaintiff-side law firm in connection with portfolio funding opportunities involving antitrust and IP matters. Our work includes advising management and the firm’s executive committee on strategic use of litigation finance, analysis of deal terms and deal structuring, and helping the firm achieve an optimal funding outcome
  • Advised publicly traded company on claims monetization, pricing, and negotiation strategy for large commercial litigation portfolio.
  • Represented General Partner of privately held investment management fund in conducting due diligence and claims valuation for various investment opportunities involving antitrust, health care, government contracts, and other high-end commercial litigation.
  • Represented large institutional investment manager in ~$50 million corporate claim monetization opportunity.
  • Represented Chambers Band 1 commercial litigation firm in ~$25 million litigation portfolio investment opportunity.
  • Represented litigation finance brokerage in connection with successful placement and ~$10 million financing of complex litigation matter.
  • Represented claimant in successful placement and financing of SEC and IRS whistleblower matter.
  • Advised privately held gaming company in negotiating and monetizing its Intellectual Property claims with litigation finance company.

EDUCATION

  • 1997 — J.D., American University, Washington College of Law
    • Note and Comment Editor, Law Journal
    • Graduated cum laude
  • 1993 — B.A., Gettysburg College (Political Science)

BAR MEMBERSHIPS

  • District of Columbia
  • New York
  • U.S. Supreme Court
  • U.S. District Court for the Southern District of New York

AFFILIATIONS AND HONORS

  • Lawdragon 100 Global Leader in Litigation Finance, 2023-2024
  • Member, National ABS Law Firm Association

NEWS & PUBLICATIONS