Mr. Phillips has litigated high profile cases for the past thirteen years, in both private practice and for the government of the State of Missouri.
Most recently, Mr. Phillips was Director of Enforcement for the Missouri Securities Division. Under his stewardship from 2014 until 2017, the Enforcement Section obtained judgments totaling $13 million of restitution, as well as an additional approximately $4 million in payments to the State of Missouri. Mr. Phillips and the Enforcement Section successfully obtained restitution for Missouri investors who lost money to foreign binary options firms, Ponzi schemes, and industry violations such as failure to supervise agents who were selling private placements and other complex investments.
Immediately prior to that, Mr. Phillips was an attorney with Simmons Hanly Conroy in the complex litigation division. In his time there, he prosecuted several class action lawsuits involving the Bridgeton Landfill, a benzene leak in Roxana, IL, and several matters which involved underpayments to state Second Injury and Insurance Guarantee Funds.
From 2009 until 2012, Mr. Phillips was an Assistant Attorney General in the office of the Missouri Attorney General. For one year, Mr. Phillips was with the Consumer Protection Division, obtaining restitution for individuals who were harmed by, among other entities, debt collection firms, debt restructuring firms, and auto warranty companies. Mr. Phillips also was lead counsel in the criminal prosecution of Cathy Gieseker, who was convicted of bilking Missouri farmers out of approximately $20 million worth of grain in an elaborate Ponzi scheme. Mr. Phillips was then the Senior Government Affairs Litigator where he served as General Counsel to the Missouri Lottery and civilly prosecuted nursing homes for safety and other rules violations.
As an associate with Stinson Leonard Street from 2003 until 2009, Mr. Phillips was involved in all manner of civil litigation, including cases involving title insurance, red light cameras, and consumer products. Mr. Phillips also was a part of the Government Solutions practice group and was involved in the litigation in which the State of Missouri revoked the accreditation of the St. Louis City public Schools.
Representative matters include:
- For the Missouri Securities Division, Mr. Phillips was lead counsel on the state's case against Morgan Keegan & Co. involving the underwriting of municipal bonds for funding of the Mamtek sweetener facility in Moberly, MO. The Missouri Securities Division obtained a Consent Order, AP-16-04, in which Morgan Keegan & Co. agreed to pay $750,000 in resolution of its actions, which were alleged to be misrepresentations regarding the bond offering.
- For the Missouri Attorney General's Office and the Missouri Securities Division, Mr. Phillips was lead co-counsel on the state's case against a national broker-dealer involving the freezing of the market for auction rate securities. Mr. Phillips was instrumental in obtaining a Consent Order, AP-10-05, whereby the broker-dealer repurchased the auction rate securities at face value from their customers, as well as paid $250,000 to the State of Missouri.
- On behalf of residents near the Bridgeton Landfill in Bridgeton, MO, Mr. Phillips was co-counsel on a class action lawsuit seeking recompense for nuisance odors emanating from the Landfill related to an underground fire. The team at Simmons Hanly Conroy obtained a settlement in less than a year for class members that paid them an aggregate of $5 million.
As a Member of Cosgrove Law Group, LLC, Mr. Phillips handles securities lawsuits involving defamation by broker-dealers and investment advisor firms against their agents and representatives, securities regulatory investigations and actions, FINRA arbitration on behalf of investors, as well as related business and regulatory disputes.
Mr. Phillips has a Bachelor of Arts in political science from the University of Southern California and graduated cum laude from the University of Illinois College of Law in 2003.