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NJL People: Daniel J. Supalla

Dan primarily represents broker-dealers involved in arbitrated and litigated disputes with customers, registered representatives, and other broker-dealers. His experience includes having primary responsibility for all pre-trial proceedings and coordinating discovery in 250+ arbitrations, state litigation, federal class-action litigation, and bankruptcy litigation arising out one of the nation’s largest Ponzi schemes. Dan also represents broker-dealers, investment advisers, and financial advisors in regulatory investigations and enforcement matters before the SEC and FINRA.

Key Practice Experience

  • State and federal appeals
  • Regulatory enforcement actions and investigations
  • Over 250 arbitrations
  • Disputes with borrowers
  • Securities fraud
  • Discrimination defense
  • Workplace investigations
  • Tax litigation
  • Regulatory and enforcement counseling
  • Privacy, data security and cybersecurity

Key Industry Experience

  • Financial
  • Securities
  • Banking
  • Insurance

Representative Matters

  • Appellate counsel for farmers and ranchers alleging due process violations against state regulators who had denied clients their water rights to irrigate their crops and water their
  • Counseled broker dealer and its financial advisors in dispute involving competing claims by a customer’s children regarding the division of assets and customer’s
  • Counseled broker dealer in dispute involving competing claims by a customer’s
  • Defended class action securities claim alleging violations of Section 10(b) and Rule 10b-5 against a publicly traded company, its principals and its largest shareholder: a foreign pharmaceutical
  • Lead discovery and pre-hearing counsel for an independent broker dealer in 250+ FINRA arbitrations arising out of a massive Ponzi scheme; assisted in the successful defense of client in state and federal class actions arising out of the same Ponzi
  • Lead trial counsel for national bank in dispute with borrower over payment of insurance proceeds for property
  • Obtained expungement of adverse, factually unsupported disclosures on financial advisor’s FINRA BrokerCheck report after panel hearing and state-court award confirmation
  • Obtained expungement of adverse, factually unsupported disclosures on financial advisor’s FINRA BrokerCheck report in a declaratory judgment action in Minnesota state
  • Obtained expungement of adverse, factually unsupported disclosures on financial advisor’s FINRA BrokerCheck reports in Minnesota state
  • Represented a Connecticut electronics manufacturer in arbitration against claims by a Canadian manufacturer that it failed to successfully design, develop and manufacture a hydronic circulator pump according to the parties’ contracted
  • Represented individual in an appeal to the Minnesota Supreme Court involving the Sixth Amendment right to counsel in a bench trial and in post-conviction proceedings about the effective assistance of counsel.
  • Represented publicly traded company and director to obtain Rule 12 dismissal of a Section 16(b) claim for alleged improper short-swing
  • Successfully briefed and argued a motion to dismiss in state court on behalf of a dentist and his practice involving allegations of dental malpractice where the district court adopted our client’s position and reasoning in full, and dismissed the suit.
  • Obtained summary judgment for a national bank in a case involving alleged violations of the FDCPA, FCRA, the Minnesota Residential Mortgage Originator and Servicer Licensing Act, and other state common law

Recognitions and Honors

  • Attorney of the Year, Minnesota Lawyer, 2014
  • Rising Star, Minnesota Super Lawyers

Publications and Presentations

  • Co-author, Minnesota Courtroom Evidence Deskbook, Privilege—Minnesota Rule of Evidence 501, December 2016
  • Co-author, Minnesota E-Discovery Deskbook, Privilege and Clawbacks: Considerations Regarding the Protection of Privileged ESI, November 2016

Professional Associations

  • Minnesota State Bar Association
  • Minnesota Lavender Bar Association
  • Hennepin County Bar Association
  • Federal Bar Association

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