Selendy Gay PLLC > New York, United States > Firm Profile

Selendy Gay PLLC
1290 AVENUE OF THE AMERICAS
NEW YORK, NY 10104
NEW YORK
United States

Email firm Visit website 1 212 390 9000

Dispute resolution > Securities litigation: plaintiff Tier 2

Selendy Gay PLLC in New York is a highly regarded litigation boutique that formed five years ago around a core group of pioneering litigators experienced in representing both plaintiffs and defendants in high-profile matters. The firm’s partners built their track record on cases involving mortgage-backed securities, and they continue to be involved in such cases. Practice head Philippe Selendy

, who is ‘a phenomenal lawyer’, Sean Baldwin, who was involved in two of the largest RMBS recoveries for trustees in history, Andrew Dunlap and Lena Konanova are all acting for US Bank in seeking recovery of hundreds of millions of dollars from DLJ Mortgage Capital, Inc. and Ameriquest Mortgage Company for alleged misconduct in originating and securitizing mortgage-backed securities that played a substantial role in causing the global financial crisis of 2008. The firm is now playing a prominent role in emerging areas of securities litigation and is currently co-counsel to multiple classes of crypto-asset investors in blockbuster litigations alleging violations of state and federal securities laws. Selendy is leading a team pursuing a putative class action on behalf of investors who purchased stablecoin USDT on Tether and Bitfinex alleging that USDT was not backed 1:1 with fiat currency reserves as had been claimed. Jordan Goldstein is also heavily involved in cryptocurrency cases.

Leading lawyers

Sean Baldwin –Selendy Gay PLLC

Hall of Fame

Philippe Selendy

–Selendy Gay PLLC

Practice head(s):

Philippe Selendy

Other key lawyers:

Sean Baldwin; Andrew Dunlap; Jordan Goldstein

Key clients

Fortis Advisors

Cerberus Capital Management

U.S. Bank

A proposed class of investors who purchased “stablecoin” USTD on Tether and Bitfinex.

A proposed class of investors who traded on Coinbase

A proposed class of investors who traded on Binance

A proposed class of investors who traded on BitMEX

A proposed class of investors who purchased the digital token “TRX”

Work highlights

Representing Fortis Advisors, as representative to the Former Stockholders of Auris Health, in its suit against Ethicon, Johnson & Johnson and several of Johnson & Johnson’s senior executives for damages stemming from Ethicon’s merger with Auris, a ground-breaking surgical robotics company.
Representing Cerberus Capital Management, L.P., a private equity firm with more than US$40 billion under management, as plaintiff in a US$1 billion breach of contract action against the Canadian Imperial Bank of Commerce (CIBC), one of Canada’s largest banks.
Representing U.S. Bank in an action seeking recovery of hundreds of millions of dollars from DLJ Mortgage Capital, Inc. (DLJ) and Ameriquest Mortgage Company for their misconduct in originating and securitizing mortgage-backed securities that played a substantial role in causing the global financial crisis of 2008.

Dispute resolution > General commercial disputes Tier 3

Acting as counsel for both defendants and plaintiffs, boutique firm Selendy Gay PLLC represents clients across a broad range of disputes, including contract, fraud, class actions, securities and structured financial instruments, in addition to trade secrets and pharmaceutical cases. Praised for ‘always looking for the best solutions for clients’, the New York-based team is noted for its expertise in the financial services sector. Experienced trial lawyer David Elsberg acts for private equity, venture capital, and hedge funds in disputes concerning fiduciary duties, corporate governance, investment management, financial services and breach of contract. Elsberg leads the group alongside Jennifer Selendy, who frequently represents plaintiffs in commercial litigation, while Faith Gay focuses on contractual and financial instrument disputes, securities, antitrust and bankruptcy litigation, intellectual property disputes, and consumer class actions.

Practice head(s):

David Elsberg; Jennifer Selendy

Other key lawyers:

Faith Gay; Maria Ginzburg; Lena Konanova

Testimonials

‘Excellent legal skills, very good business understanding and always looking for the best solutions for the client. Very good reputation in the market.’

Key clients

Ad hoc Group of Term Lenders (TriMark)

Kenneth Krys and Greig Mitchell as Joint Liquidators for three BVI funds: Fairfield Sentry Limited; Fairfield Sigma Limited; Fairfield Lambda Limited

Weingarten, et al. v. Devos, et al.|American Federation of Teachers (AFT) and 8 individual plaintiffs

SaveOnSP

Discover Financial Services

Bausch Health

Cerberus Capital Management

Fortis Advisors

Kingate Funds

Nile Capital Management, LLC , Larry Seruma, Nile

Amsterdam Avenue Redevelopment Associates

Newbury Equity Partners V L.P. and Newbury Partners

Drivetrain

Work highlights

Represented a group of former first-lien lenders to TriMark USA LLC, a food-service supplier, in a suit filed against TriMark, its equity owners (Blackstone and Centerbridge), and other first-lien lenders (including Ares Management Corp., Oaktree Capital Management LP, and others).
Representing the Joint Liquidators of the BVI-based Fairfield Funds, the largest feeder funds into the Madoff Ponzi scheme, in prosecuting over 250 clawback actions seeking to recover more than US$6 billion from many major financial-market entities and other defendants.
Secured a settlement of a nationwide class action lawsuit with Navient, one of the nation’s largest student loan servicers, challenging Navient’s practices with respect to advising federal student loan borrowers on Public Service Loan Forgiveness (PSLF).

Dispute resolution > Appellate: courts of appeals / Appellate: supreme courts (states and federal) Tier 4

New York-based litigation and investigations boutique Selendy Gay PLLC fields a seasoned appellate practice, which has clocked up numerous appearances before the US Supreme Court, as well as federal circuit courts of appeal and state appellate courts, including extensive experience in New York’s federal and state appellate courts. Philippe Selendy

and Sean Baldwin are active in appellate matters.

Other key lawyers:

Sean Baldwin; Philippe Selendy

Key clients

National Union Fire Insurance Company of Pittsburgh, PA

Cerberus Capital Management

U.S. Bank

Amsterdam Avenue Redevelopment Associates

Kenneth Krys and Greig Mitchell as Joint Liquidators for three BVI funds: Fairfield Sentry Limited; Fairfield Sigma Limited; Fairfield Lambda Limited

Mohammed Ali Rashid

Brookdale

Mohammed Aljabri, New East (US) Inc., New East 804 805 LLC, New East Back Bay LLC and New East DC LLC

Community Voices Heard and N.Y. Tenants & Neighbors

A proposed class of investors who traded on Binance

Weingarten, et al. v. Devos, et al.|American Federation of Teachers (AFT) and 8 individual plaintiffs

Work highlights

Representing National Union Fire Insurance Company of Pittsburgh PA before the New York Court of Appeals in a case concerning whether a $160m SEC disgorgement order issued against Bear Stearns constitutes an insurable event.
Representing Cerberus Capital Management LP, as plaintiff, in a $950m breach of contract action against the Canadian Imperial Bank of Commerce.
Representing US Bank, as plaintiff, in an action seeking recovery of hundreds of millions of dollars from DLJ Mortgage Capital Inc and Ameriquest Mortgage Company for their misconduct in originating and securitizing mortgage-backed securities.

Dispute resolution > Securities litigation: defense

Firms to watch

Selendy Gay PLLC is a boutique of veteran litigators who have made waves on the plaintiff side, notably in RMBS cases, and are now highly regarded for defense work in cases involving complex financial instruments and insurance.

Selendy Gay, a premiere litigation firm, is dedicated to the most challenging commercial disputes, public interest matters, and investigations. Its partners and associates have well-earned reputations for bold solutions and trial readiness.

Selendy Gay’s lawyers are trial and appellate generalists, able to take on litigation matters across an array of industries and subject areas, including bankruptcy, complex commercial litigation, securities and structured finance, corporate defense and investigations, corporate governance, arbitration, and many others.

Since the firm was founded in 2018, it has maintained its focus on inclusivity and diversity. Almost fifty percent of Selendy Gay’s equity is held by female partners, and more than twenty percent of the firm’s attorneys identify as LGBTQ+.

A hallmark of the firm is its even split between plaintiff and defense side work, which allows Selendy Gay to deploy winning strategies on both sides of the “v.” As plaintiffs’ counsel, the firm has pioneered claims, and even practice areas, that have recovered more than $46 billion for clients while holding institutional giants accountable. As defense counsel, the firm has won bet-the-company cases that threatened the existence of its clients’ businesses and business models, vindicated individuals in aggressive white-collar prosecutions, and counseled clients successfully in fast-moving investigations.

Central to the firm’s success is its willingness to take cases to trial, when necessary. Its attorneys have tried dozens of cases to verdict in state and federal courts across the nation and arbitrated many cases through to award, often stepping in to handle distressed cases at trial or on appeal. The firm’s experience brings its clients better courtroom results and better settlements because its adversaries have no doubt of the courtroom threat the firm poses.

Selendy Gay is known for its dedication to the public good. The firm’s public interest and pro bono litigation victories are as significant as those on the commercial side, and they stem from the firm’s foundational commitment to holding public interest work as equally important to commercial cases.