Adel focuses his practice on complex antitrust litigation. Prior to joining Hausfeld, Adel worked on a large-scale pharmaceutical trademark infringement case. Adel was a judicial fellow to the Honorable Marlene F. Lachman of the Philadelphia Court of Common Pleas, where he conducted legal research, prepared bench memoranda, drafted orders and opinions in various civil litigation matters.
While in law school, Adel participated in Philadelphia Lawyers for Social Equity events (PLSE). PLSE provides free legal advice and representation to low-income Philadelphians whose criminal records are holding them back from achieving their social and career potentials. Adel also volunteered to undertake projects at Pennsylvania Hebrew Immigrant Aid Society (HIAS), an organization that provides legal resettlement, citizenship, and supportive services to immigrants, refugees, and asylum seekers from all backgrounds in order to ensure their fair treatment and full integration into American society. At the same time, being a native Russian speaker, Adel assisted community members with translations and completions of immigration forms. Adel has also demonstrated a commitment to pro bono work, participating in a Life Planning for Philadelphia Seniors event, where he prepared and executed documents such as wills and powers of attorney for low income Philadelphia seniors.
Adel represents individuals, investment and pension funds, local governments, universities, and other investors in antitrust matters in the financial services sector.
- In re Foreign Exchange Benchmarks Rates Antitrust Litigation – Adel is on the case team representing market participants in the foreign exchange market against international banks alleged to have fixed the price of foreign exchange instruments.
- In re LIBOR-Based Financial Instruments Antitrust Litigation – In which a certified class of purchasers of over-the-counter (OTC) financial instruments with interest payments tied to the London Interbank Offering Rate (LIBOR) are challenging the collusive manipulation of U.S. Dollar LIBOR by the world’s largest financial institutions. The collusion is claimed to have suppressed the U.S. Dollar LIBOR rate, which allowed the defendant banks to benefit financially to the detriment of their counterparties in OTC instruments. The case has resulted in $590 million in settlements with four banks (Barclays, Citibank, HSBC, and Deutsche Bank), and continues against the remaining thirteen defendant banks
What Others Say
- In recognition of outstanding and generous pro bono contributions to the judiciary and assistance in advancing the administration of justice in Philadelphia, Adel received the Judicial Fellowship Pro Bono Award from the First Judicial District of Pennsylvania.
Drexel University Thomas R Kline School of Law, J.D., May 2017
University of Management “TISBI”, LL.B., May 2014