M. Scott Barnard

Partner

Areas of Focus

M. Scott Barnard

Partner

sbarnard@akingump.com

Areas of Focus

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Biography
  • Focuses on securities litigation.
  • Partner-in-charge of the Dallas and Fort Worth offices.
  • Serves on Akin’s Management Committee guiding the firm’s operations worldwide.

Scott handles business litigation matters in both federal and state court, with particular experience in securities litigation. He represents public companies, directors and officers, broker-dealers and board committees in securities class actions, shareholder derivative lawsuits and Financial Industry Regulatory Authority (FINRA) securities arbitrations. He currently serves as Panel Counsel for the Directors and Officers Securities Claims and Investigation EdgeSM Panels of the American International Group. Chambers USA notes that clients describe Scott as “very tenacious, very creative and very good at getting successful outcomes for us," and appreciate that he “has great institutional knowledge and ensures that across the firm our matters are well coordinated.”

Scott has extensive trial experience, handling several matters as lead trial counsel in both jury trials and arbitrations. Previously, he served as an Assistant District Attorney with the Dallas County District Attorney’s office, where he tried more than 25 jury trials to verdict.

Scott defends and advises clients in matters involving:

  • Securities class actions
  • Shareholder derivative suits
  • Suits for breach of fiduciary duty and other business torts
  • Internal investigations
  • Investigations and other regulatory actions by FINRA, the U.S. Securities and Exchange Commission (SEC), and other authorities
  • Allegations of insider trading
  • Corporate governance matters.
Representative Work
  • For a publicly traded energy company, obtained a favorable settlement within insurance limits in a derivative suit against the client’s board of directors. The suit alleged claims of breach of fiduciary duty and unjust enrichment.
  • Obtained a complete dismissal in federal court in Texas of business tort claims for a French-owned, publicly traded company. The verdict was affirmed by the 5th Circuit.
  • In a case with fiduciary claims against directors of a publicly traded company, obtained complete dismissal in federal court in Dallas.
  • In Texas federal and state court, represented one of the largest publicly traded clearing firms in the United States in a securities class action and a shareholder derivative action.
  • Defended in Delaware Chancery Court officers and directors of a master limited partnership against allegations of tortious interference and aiding and abetting breaches of fiduciary duty.
"He is a superb lawyer who is very thoughtful and business-oriented."
Chambers USA, 2020

Education
  • J.D., Southern Methodist University School of Law, cum laude, 1997

  • B.A., Trinity University, 1994

Bar Admissions
  • Texas

Recognitions
  • The Legal 500 US, General commercial disputes and Securities litigation: Defense, 2020-2023.
  • Best Lawyers in America, Litigation - Securities, 2020-2023.
  • Chambers USA, Litigation: Securities, 2015-2023.
  • D Magazine, Dallas 500 list of “the most powerful and influential business leaders in greater Dallas-Fort Worth,” 2017-2022.
  • Super Lawyers, Securities Litigation, Civil Litigation: Defense, General Litigation, 2012-2023.
Affiliations and Public Service
  • Member, Akin Gump Litigation Steering Committee
  • Member, Inclusion Council, Akin Gump Dallas Office
  • Member, North Texas Food Bank Philanthropy Council
  • Member, Executive Committee, Trinity University Alumni Association
  • Assistant District Attorney, Dallas District Attorney’s Office, 2000
Speeches and Publications
  • Panelist, “Electronic Communications Sweep: How Large and Small Investment Advisers Can Respond,” DFW Financial Services Counsel Roundtable, Dallas, February 2023.
  • Moderator, “Complex Litigation During a Pandemic: Lessons from a Recently Completed Federal Bench Trial,” Akin Gump Webinar, August 2020.
  • Moderator, “Getting the Deal Done: Hot Topics in Antitrust Enforcement of Mergers,” Akin CLE Seminar, Dallas and Houston, November 2017.
  • “EB-5 Immigrant Investor Program, SEC Compliance Requirements for Regional Centers,” Akin CLE Presentation, Dallas, January 2016.
  • “Securities Laws Compliance in EB-5,” 2015 EB-5 II USA Market Exchange Conference, Dallas, 2016.
  • “The Basics of EB-5 Lending,” UT Law CLE Mortgage Lending Institute, Austin, September 18, 2016.
  • “Attorney-Client Privilege: Landmines for In-House Counsel,” ABA Section of Litigation Corporate Counsel CLE Seminar, Naples.

Insights and Achievements

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