Securities and Subprime and Structured Finance Litigation
The Litigation Group represents defendants in securities class actions and plaintiffs, defendants and third parties in non-class action securities cases. We represent individuals and companies before the Securities and Exchange Commission as well as other regulatory bodies such as FINRA. We also represent individuals, companies and institutional clients in connection with fraud and other claims arising out of losses suffered from RMBS-backed CDOs, CLOs and swap agreements.
Examples of our recent cases include:
- We represent a federal agency in put-back litigation against various investment banks.
- We represent individuals in SEC investigations arising out their roles in various structured finance vehicles.
- We defeated class certification and obtained summary judgment in a securities fraud class action brought in federal court against the directors of a publicly-traded foreign holding company.
- We obtained dismissal of a securities fraud class action and derivative claims against a foreign holding company and its directors and majority shareholder in federal court, and successfully defended against appeal.
- We prosecuted, on behalf of a Swiss group, complex securities fraud claims in arbitration against a major U.S. financial institution, resulting in a multi-million dollar award for our client.
- We represented an individual providing testimony before Financial Crisis Inquiry Commission.
- We defended an individual in connection with an investigation by the Senate Permanent Subcommittee on Investigations concerning fraud relating to the financial crisis.
- We defended an asset manager in connection with the SEC’s investigation of a foreign investment bank over securities violations in connection with the sale of debt issued by a RMBS-backed CDO; the agency declined to pursue claims against our client.
- We defended an individual in connection with the SEC’s investigation of a Canadian investment bank over securities and fiduciary violations in connection with the sale of debt issued by a RMBS-backed CDO; the agency declined to pursue claims against our client.
- We advised a director of a publicly-traded company in connection with shareholder derivative and shareholder class action securities fraud lawsuits filed in connection with the company’s accounting restatement.