George J. Skelly

George Skelly is a litigator with almost 30 years of experience successfully representing officers, directors and companies in high stakes litigation, government investigations and arbitrations. George heads the firm’s securities litigation practice.

What do you focus on?

I focus on defending officers, directors and companies in SEC inquiries and enforcement actions and in securities fraud class actions. But I also represent companies in a variety of large commercial disputes. I recently represented a major public REIT in a contest for control initiated by activist shareholders. I successfully litigated and tried claims for $1 billion in principal and interest in the largest operating Chapter 11 bankruptcy case filed in Delaware. I successfully defended the CEO of a major public software company in a 15-day federal jury trial in which the SEC claimed accounting fraud. My team obtained a complete victory in a two-year federal court enforcement action by the SEC against the collateral manager of a complex derivative financial product (CDO). Acting as ‘plaintiff’s counsel,’ I achieved a significant victory for a consumer product company in an arbitration against a component supplier to recover costs associated with a major product recall. I have defended individual officers and directors in SEC actions and investigations in each of the major waves of securities litigation over the last two decades, including market timing, stock option backdating and financial-crisis-era mortgage-backed securities offerings.

What do you see on the horizon?

My sense is that the SEC will be returning its focus to more traditional accounting fraud and insider trading claims, now that many of the financial-crisis-era cases have run their course; and the plaintiffs’ class action bar will not be far behind. Trials of SEC enforcement claims will become more common as the SEC increasingly refuses to accept ‘neither admit nor deny’ settlements from companies who feel they have not acted improperly but would settle for business reasons. More broadly, arbitration will likely continue to grow as an alternative forum for dispute resolution.

Representative Experience

  • Representing the former Chairman of a major pharmaceutical company in defending a securities fraud class action.
  • Represented a multibillion-dollar public REIT in multi-front shareholder and derivative litigation regarding a change-of-control contest in Massachusetts federal courts and in arbitrations.
  • Successfully represented the indenture trustee for bondholders of an energy company in one of the largest bankruptcy litigations in U.S. Bankruptcy Court, including a three-week trial of complex intercompany liabilities, corporate governance, and rights to post-petition interest and “make-whole” premiums.
  • Successfully defended a public pharmaceutical company in Delaware and Massachusetts class and derivative actions challenging a merger on fiduciary duty and disclosure grounds.
  • Obtained dismissal of Securities and Exchange Commission’s claims in high-profile CDO/CDS case alleging securities law violations by collateral manager of $1 billion CDO.
  • Successfully defended the former CEO of a major public software company in a two-week federal jury trial brought by the Securities and Exchange Commission alleging securities fraud in accounting for software transactions.
  • Obtained eight-figure payment in resolution of major commercial litigation on behalf of a consumer product company seeking damages related to a product recall from a component supplier in a case alleging product defects.
  • Conducted an internal investigation of a public entertainment-products company regarding allegations of accounting irregularities for the audit committee of the board of directors.
  • Successfully defended and resolved private antitrust-conspiracy claims brought against a manufacturer of materials used in consumer products.
  • Successfully obtained damages award in arbitration on claims for breach of supply contracts on behalf of a consumer product company.
  • Successfully defended the Boston Beer Company, Inc., in several nationwide class actions in state and federal courts in which plaintiffs alleged that the company and other brewers and distillers violated state laws by allegedly targeting minors in advertising.
  • Representing officers of public companies in internal investigations and Securities and Exchange Commission investigations regarding stock options grants.
  • Defense of officer of major mutual fund company regarding very high profile claims brought by the Securities and Exchange Commission alleging market timing.
  • Defense of officer of major mutual fund company in Securities and Exchange Commission investigation regarding allegations of improper use of directed brokerage, soft dollars, and other payments for “shelf space.”
  • Successfully defended officers and trustees of mutual fund companies in numerous class actions and derivative actions claiming that the mutual fund companies improperly permitted market timing in their funds.
  • Successfully defended officers and trustees of mutual fund companies in numerous class actions and derivative actions claiming that the mutual fund companies engaged in impermissible “shelf space” arrangements with brokerage companies or otherwise charged excess fees.
  • Representing investment management firm in connection with Securities and Exchange Commission and Commodity Futures Trading Commission investigations.
  • Representing major mutual fund complex in a variety of litigation matters.

Federal Court Clerkships

  • Judge Ruth Bader Ginsburg, U.S. Court of Appeals for the D.C. Circuit, 1984-1985

Chapter 11 doesn't cancel TM contract, clothier tells high court

Law360 | December 11, 2018

Financial Restructuring & Bankruptcy partners Lee Harrington of Boston and Dan Sklar of Manchester and Complex Commercial Disputes partner George Skelly of Boston are mentioned in this story for their representation of Tempnology in an ongoing licensing suit, which is now before the Supreme Court.

SJC decision on EMC lawsuit could have broad implications for Mass. Boards

Boston Globe | March 22, 2017

Boston government investigations and white collar defense associate Eric Walz, commercial litigation partner George Skelly and M&A and corporate transactions senior counsel Bill Kelly provided insight about how legal decisions can have broader business implications for clients in this article about a Massachusetts Supreme Judicial Court decision involving former EMC corporation chief executive Joe Tucci and EMC’s shareholders.

Recent merger ruling is good for Massachusetts directors

Law360 | March 16, 2017

Boston commercial litigation partner George Skelly, M&A and corporate transactions senior counsel William Kelly and government investigations and white collar defense associate Eric Walz contributed this article about the Massachusetts SJC’s guidance regarding fiduciary duties of directors of publicly traded Massachusetts corporations.


George J. Skelly



Phone: 617-345-1220

Fax: 866-294-7517

Columbia Law School, J.D., 1984, James Kent Scholar and Harlan Fiske Stone Scholar

Princeton University, B.A., 1976, magna cum laude


U.S. Court of Appeals, First Circuit

U.S. Supreme Court

George was selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2020 in the field of Litigation—Securities. George has been listed in Best Lawyers since 2017.

Former co-chair of Boston Bar Association’s Securities Enforcement and Litigation Committee.

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