Mitchell Sockett has spent 38 years on the litigation battlefield, as both a law firm litigator and as an investment-side litigation analyst. As such, he approaches litigation risk from a unique vantage point: he sees litigation-entangled companies through an investor’s eyes, and potential investments through a litigator’s eyes. Through his company PointPrecedent Mr. Sockett advises companies and investment institutions on: (1) when and how markets and media misunderstand litigation risk; and (2) how to shift their understanding and analyses of the unique ecosystems of different types of litigation – and especially mass tort litigation, which can metastasize beyond expectations. As a Polaris advisor, Mr. Sockett deploys that experience and perspective for the benefit of our clients, helping to ensure that our work product remains targeted to a given client’s needs.
Mr. Sockett’s special focus is on companies over-penalized by fears of liability, or where potential material litigation risk is underappreciated. He cuts through the misperceptions and misreporting often surrounding litigation, and provides the framework needed to assess true liability. This process often takes the form of complex due diligence investigations, all concretely based in analyses of not only court filings but the key underlying dynamics affected by specific judges, jurisdictions, juries, attorneys and the hidden elements of each litigation ecosystem.
Before founding PointPrecedent, Mr. Sockett helped partners, analysts and traders at King Street Capital assess the true litigation risks and likely liability attached to investments – especially when dislocations arose between equity/credit markets’ perception of litigation liability versus the true ultimate liability. He offered clarity and confidence as the firm navigated numerous mass tort litigations, as well as “broken M&A” litigation, RMBS litigation and many other categories of litigation. Before King Street, Mr. Sockett spent 18 years as a litigation attorney at Skadden Arps, Meagher & Flom, among other firms. His litigation experience focused on hostile M&A, corporate, commercial, shareholder, legal malpractice and tort litigation.
Mr. Sockett received his J.D. (cum laude) from Cornell Law School and his B.A. (cum laude) from University of Pennsylvania. He is admitted to practice in New York.
Education and Certifications
- J.D. (cum laude) from Cornell Law School
- B.A. (cum laude) from University of Pennsylvania