Mr. Zimet appears on behalf of clients and has tried matters and argued appeals in federal and state courts throughout the country. He actively represents clients in SEC investigations.
In the appellate realm, he has argued cases in eight of the federal circuits, in the highest courts of several states and numerous times in intermediate appellate courts. The appellate victories he has secured for his clients have included precedent-setting disputes typically arising in the context of complex financial transactions embracing securities, tax, bankruptcy and corporate law issues. Recent appellate successes include matters for American Express Company (in which the Second Circuit delineated the parameters of the PSLRA’s safe harbor provisions), directors of Fremont General Corporation (in which the Ninth Circuit declined to hold former directors of a subprime lender responsible for the issuer’s loan losses) and Paul Allen (in which the Second Circuit affirmed the applicability of the bankruptcy doctrine of “equitable mootness” despite contrary decisions from five other federal circuits).
At the trial court level, he has led the firm’s litigation efforts in a number of winning matters on behalf of both plaintiffs and defendants and frequently has acted as lead trial counsel. Among them are: American Express Company (securities law issues), ION Media Networks (bankruptcy and corporate law issues), Mylan, Inc. (corporate law issues), Alcatel-Lucent (securities law issues), MacAndrews & Forbes Holdings Inc. and affiliates (securities and corporate issues), The May Department Stores (bond indenture dispute), Kelso & Company (contract claims), Cap Advisers Ltd., Ann Taylor Stores Corp. (securities claims), Vulcan, Inc. (Paul G. Allen) (corporate law and contract issues) and directors of Toll Brothers Inc. (fiduciary and securities law issues).
Over the years, Bob Zimet has been called upon to represent clients embroiled in the “hot” issues of the day. He has provided counsel to litigants in the subprime credit dispute and he has conducted internal investigations for issuers with options backdating and other potential financial restatement issues. He has also successfully and frequently represented business executives and institutional shareholders against claims of insider trading and Section 16(b) liability. Mr. Zimet has led Skadden’s litigators in numerous vigorously contested corporate control contests. Some notable efforts have involved City Capital Associates Limited Partnership’s efforts to acquire Interco Incorporated, Stena AB’s acquisition of assets of Sea Containers LTD., The Black & Decker Corporation’s investment in American Standard Inc. and Danaher Corporation’s acquisition of Chicago Pneumatic Tool Co., as well as efforts involving Trans World Airlines, Inc. and USX Corp., among many others.
Mr. Zimet’s teaching and lecturing concentrates in the areas of governance, complex litigation, advocacy and mergers and acquisitions.