Daryl M. Schumacher

Attorney Profile

Top Rated Securities Litigation Attorney in Chicago, IL

Kopecky Schumacher Rosenburg LLC
120 North LaSalle Street, Suite 2000
Chicago, IL 60602
Phone: 312-815-5899
Fax: 312-324-0666
Selected to Super Lawyers: 2013 - 2021
Selected to Rising Stars: 2008, 2011 - 2012
Licensed Since: 1998
Practice Areas: Securities Litigation
Attorney Profile

Attorney Daryl M. Schumacher is a founding partner with the Kopecky Schumacher Rosenburg LLC law firm in Chicago, Illinois. A top-ranked trial lawyer with more than 22 years of legal experience, Mr. Schumacher focuses his practice primarily on complex business disputes, and he provides invaluable counsel and support to Fortune 500 companies and other businesses that have legal needs involving financial services litigation, securities litigation, restrictive covenant litigation and other matters.

Over the course of his legal career, Mr. Schumacher has successfully handled trials, arbitrations and appeals in more than 20 states, and he has routinely argued complex cases before the U.S. Securities and Exchange Commission (SEC); the New York Stock Exchange, Inc.; NASD Dispute Resolution, Inc.; and other organizations, including the American Arbitration Association and the Financial Industry Regulatory Authority (FINRA). He has also handled many appeals before the Illinois Appellate Court and the U.S Court of Appeals for the 7th Circuit.

Honored for his outstanding professionalism and service, Mr. Schumacher has earned perennial designation as a leader in his field. From his efforts, he has recovered substantial amounts of compensation and restitution for his clients, including many multimillion-dollar judgments.

A 1994 graduate of St. Norbert College, Mr. Schumacher obtained his Juris Doctor magna cum laude from The John Marshall Law School in 1998. While there, he served as editor for The John Marshall Law Review, and he was an active participant in the Herzog Moot Court Competition. He is an active member of the Illinois State Bar Association and a former member of the organization's Young Lawyers Division as well as other local, state and national legal organizations.

Practice Areas
  • 100%Securities Litigation
Focus Areas

Selections

9 Years Super Lawyers
3 Years Rising Stars
  • Super Lawyers: 2013 - 2021
  • Rising Stars: 2008, 2011 - 2012

About Daryl M. Schumacher

Admitted: 1998, Illinois

Professional Webpage: https://ksrlaw.com/daryl-m-schumacher

Bar/Professional Activity

  • Member of the Chicago Bar Association
  • State of Illinois, 1998
  • Committee Member, Illinois State Bar Association, Young Lawyers Division
  • Member, Illinois State Bar Association

Educational Background

  • St. Norbert College, B.A., 1994

Honors/Awards

  • Illinois Super Lawyers, 2013 - present
  • Rising Stars, Illinois Super Lawyers, 2011 and 2012

Pro bono/Community Service

  • Board Member - Welles Park Parents Association (community service), 2014

Verdicts/Settlements

  • Daryl obtained a directed verdict in favor of his client in a FINRA securities arbitration. The case involved allegations of fraud, negligence, breach of fiduciary duty, breach of contract and churning. At the conclusion of Claimant's case-in-chief, the 3-person arbitration panel granted Respondents' Motion for Directed Verdict. The case is Ehrenspeck v. Lightspeed Trading et al., FINRA No. 15-01514., 2017
  • Secured dismissal of Illinois Securities Department action against clients. In the matter of: David B. Jordan and Faith Jordan, No. 0600466., 2009
  • Successfully defended client (financial advisor) accused of violating a post-employment restrictive covenant. Defeated plaintiff's motion for temporary restraining order and secured dismissal of action without payment or settlement of any kind involving client. Wolf Financial Management, LLC v. Bauer, No. 2009 CH 2808 (Circuit Court of the Eighteenth Judicial Circuit (Dupage County) Illinois., 2009
  • Obtained summary judgment against third party administrator of IRA investment on behalf of investor who lost $250,000 in a Ponzi scheme. Court entered summary judgment on plaintiff's breach of contract claim. Steinberg v. Entrust Midwest, LLC, No. 10-cv-332 (N.D. Ill. 2011)., 2011
  • After a week long trial in the Circuit Court of Cook County, Illinois, Daryl obtained a directed verdict in favor of his client. The case involved allegations of financial fraud concerning the sale of annuities. The case is captioned Babiarz v. Stearns, et al., No. 2011 L 8552 (Circuit Court of Cook County, Illinois), 2014
  • Daryl successfully defended a New York based trading firm against allegations of securities fraud. After the conclusion of a week-long arbitration proceeding, the arbitration panel found in favor of Daryl's client and denied claimant's claims in their entirety. Robert Ehrenspeck v. Lightspeed Trading, LLC, et al. FINRA No. 15-01514.
  • Obtained $2.7 million judgment on behalf of investors in securities fraud action styled Berezowitz, et al. v. J&R Ventures and John Orecchio, No. 08-C-1756 (N.D. Ill.)., 2009
  • Represented clients who were initially excluded from class action settlement involving an action between the Board of Trade of the City of Chicago, Inc and the Chicago Board Options Exchange. Successfully secured clients' inclusion in the class settlement. CME Group, Inc. et al. v. Chicago Board Options Exchange, Inc. et al. (C.A. No. 2369-VCN) (Court of Chancery of the State of Delaware)., 2009
  • Obtained summary judgment for plaintiff investors who invested approximately $1.5 million in a ponzi scheme. Court granted summary judgment on claims under the Illinois Securities Act entitling plaintiffs to judgments that, collectively, exceed $2 million. Elipas et al. v. Jedynak et al. No. 07-cv-3026 (N.D. Ill. 2011)., 2011
  • Successfully represented hedge fund client before the Seventh Circuit Court of Appeals in case involving allegations of securities fraud. (Gandhi v. Sitara Capital Management, No. 12-3015 (7th Cir. 2013))., 2013
  • Daryl obtained a FINRA arbitration award of approximately $800,000 on behalf of his client, a securities broker dealer. Daryl's client alleged that a group of former employees conspired to unfairly compete by opening up a competing securities firm and pirating clients of their former employer. The case involved allegations of unfair competition, breaches of fiduciary duty, and misappropriation of confidential information. David A. Noyes & Co. v. Monere Investments, Inc. FINRA No. 15-01217 (June 11, 2016)., 2016
  • Daryl successfully obtained the dismissal of a FINRA arbitration claim against his broker dealer client. After extensive briefing, the FINRA panel agreed with Daryl’s argument that Claimants’ claims were ineligible for FINRA arbitration pursuant to FINRA Rule 12206. The Panel dismissed claimant’s claims in their entirety.
  • Represented investors in action resulting in a $4.6 million settlement and consent judgment in the matter styled Elipas et al. v. Jedynak et al., No. 07-C-3026 (N.D. Ill.)., 2008
  • Daryl obtained summary judgment on behalf of defendant/investment adviser in connection with investments in collapsed hedge fund. Court entered judgment in defendants' favor and dismissed the case. Shailja Gandhi Revocable Trust (Nov. 6, 2002), et al. v. Sitara Capital Management, LLC and Patel, Northern Dist. Ill. No. 09 C 3141., 2012
  • After obtaining a directed verdict at the trial court level, Daryl won the appeal before the Illinois Appellate Court for the First District. The appellate court affirmed the defense verdict as to all counts of the complaint. Babiarz v. Stearns, et al., __ N.E.3d __ (Ill. Ct. App. 1st Dist. 2016)., 2016
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Office Location for Daryl M. Schumacher

120 North LaSalle Street
Suite 2000
Chicago, IL 60602

Phone: 312-815-5899

Fax: 312-324-0666

Last Updated: 6/9/2021

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