We focus on high-stakes litigation for major participants in the financial services industry, as both claimants and defendants, involving some of the most complex and esoteric financial instruments in today's market. We are noted for our conflict-free profile, which allows us to aggressively pursue claims against virtually any institution.
We focus on high-stakes litigation for major participants in the financial services industry, as both claimants and defendants, involving some of the most complex and esoteric financial instruments in today's market. We are noted for our conflict-free profile, which allows us to aggressively pursue claims against virtually any institution. Most recently, Chambers & Partners praised our "dedicated approach to litigation" and ranked us as "highly regarded" in the area of commercial litigation. Benchmark Litigation also recently ranked our team as "highly recommended" for "expertise handling high-stakes cross-border disputes around the world."
As former federal prosecutors from the SEC-CFTC-DOJ Securities and Commodities Fraud Task Force, as well as former enforcement lawyers from the U.S. Securities and Exchange Commission, our team provides particularly useful insights in financial products disputes that occur in the context of parallel government investigations.
Structured Products: CDOs, Auction-Rate Securities and Private-Label Mortgage-Backed Securities:
Class & Derivative Actions:
Representation of MAXAM Capital, a U.S. hedge fund investment manager, against class and derivative actions by investors in the underlying fund arising out of US $280 million in investment losses.
Representation of the former senior vice chairman of American International Group Inc. in several securities class and derivative actions in the U.S. District Court for the Southern District of New York and Delaware Chancery Court alleging violations relating to accounting issues and insurance product marketing practices.
Representation of the former chief financial officer of a subsidiary of Comverse Technology Inc., in several securities class and derivative actions in the U.S. District Court for the Eastern District of New York alleging violations from options-backdating issues.
Representation of the former chief financial officer of DHB Industries in multiple securities class and derivative actions in the U.S. District Court for the Eastern District of New York alleging violations relating to accounting issues.
Insurance:
Representation of a large insurance company in Bermuda Form arbitration in London relating to coverage disputes arising out of a £500 million+ mass tort liability.
Commodity Futures:
Securities Purchase and Repo Agreements:
Representation of a Latin American company involved in the Argentinian energy sector in analyzing International Chamber of Commerce (ICC) arbitration claims relating to the exchange of distressed securities valued at US $200 million+.
Trade Counterparty Disputes:
Cash and Synthetic Financial Derivatives/Default Swaps:
Hedge Funds, Investment Advisory & Management Litigation:
International Arbitrations:
Representation of a Brazilian sugar-trading company involved in Intercontinental Exchange (ICE), National Futures Association (NFA) and American Arbitration Association (AAA) arbitration proceedings and multistate litigation against several futures commission merchants/clearinghouses, as well as in parallel proceedings in the UK and Brazil, with US $100 million+ in controversy.
Representation of an English company in London Court of International Arbitration (LCIA) arbitration in London, relating to a large hedge fund dispute arising out of Bermuda and the United States.
Representation of the majority shareholder of a Latin American utility company in American Arbitration Association (AAA) arbitration in New York against a consortium of minority shareholders in a contest for corporate control, involving US $350 million+ in controversy. The case, Axtel S.A. et al. v. LAIF X, et al., was recognized by The American Lawyer: Focus Europe as one of the most significant international arbitrations of the year. The case also involved parallel judicial proceedings in New York and Mexico.
Representation of a Latin American company involved in the Argentinian energy sector in analyzing International Chamber of Commerce (ICC) arbitration claims relating to the exchange of distressed securities valued at US $200 million+.