Mr. Olsen has more than twenty years of experience representing plaintiffs and defendants in commercial, Title VII, and securities class action litigation. In September 1997, Mr. Olsen founded The Olsen Law Firm. That firm focused on uncovering complex accounting schemes before they became public including several actions where the defendant companies were forced to restate their financial results after the firm filed suit. As a lead counsel, The Olsen Law Firm successfully prosecuted several prominent federal securities class actions including: In re Ashworth, Inc. Securities Litigation, Edwards v. Casino DataSystems, Inc., Broderick v. PHP Healthcare Corporation and In re SmarTalk Teleservices Inc. Securities Litigation.
In 2003, Mr. Olsen co-founded with Mr. Klafter what is now Klafter Olsen & Lesser LLP (the “Firm”). Most recently, Mr. Olsen led the Firm’s representation of the Post Confirmation Committee as its litigation counsel in the bankruptcy proceeding of Superior Offshore International, Inc. The Firm prosecuted a breach of fiduciary case brought against the Company’s founder and certain other former officers and directors for allegedly causing the Company’s bankruptcy by pulling out $70 million in its initial public offering thereby leaving the Company with insufficient capital to execute its business plan. The defendants were represented by two large national defense firms. After more than three years of intense litigation during which, among other things, the Firm retained Ernst & Young as the testifying expert, the case settled on the eve of trial for a confidential amount. The Chair of the Post Confirmation Committee stated that “this was one of the finest pieces of legal work I’ve been a part of (and I have worked with literally dozens of lawyers on a wide range of matters over the years). More than anyone involved with Superior, I really believe you created the most value for shareholders.”
Mr. Olsen is also committed to public service. In October 2007, Maryland Governor Martin O’Malley appointed Mr. Olsen for a four year term on the Maryland Health Care Commission, an independent regulatory agency whose mission is to plan for health system needs, promote informed decision-making, increase accountability, and improve access in a rapidly changing health care environment through programs that serve as models for the nation.
Prior to founding The Olsen Law Firm, Mr. Olsen was associated with the Washington D.C. office of Kirkland & Ellis where he represented General Motors Corp., Dow Corning Corp., and the Dow Chemical Co. in various products liability actions. He also served as co-lead trial counsel in Scott v. Dow Corning, Inc., one of only a handful of victories nationwide for Dow Corning in the breast implant litigation.
Mr. Olsen is a graduate of the U.S. Naval Academy (B.S. with Merit 1984) and the National Law Center, George Washington University (J.D. with Honors 1992). During his career in the U.S. Navy, Mr. Olsen served as a Naval Special Warfare Officer assigned to SEAL Team Five in Coronado, California. He has traveled extensively in the Middle East and Far East, primarily as a special operations platoon commander. Mr. Olsen is a member of the Bar of the District of Columbia and the State of Maryland.