The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Arnold & Porter

10TH FLOOR, THREE EMBARCADERO CENTER, SAN FRANCISCO, CA 94111-4024, USA
Tel:
Work +1 415 471 3100
Fax:
Fax +1 415 471 3400
Web:
www.arnoldporter.com

Gilbert Serota

Email:
Arnold & Porter

Career

http://www.arnoldporter.com/gilbert.serota


United States: Dispute resolution

Financial services litigation

Within: Financial services litigation

Although slightly less active on behalf of the larger money-center banks than most of its higher-ranked peers, Arnold & Porter is an attractive option for smaller commercial banks, savings institutions, trade associations and non-bank lenders. Particularly strong out of Washington DC and New York, the firm is able to represent clients throughout the life-cycle of a matter, from pre-litigation advice and investigation through to any potential trial and appeal. Vincent Sama and Daphne Morduchowitz continue to represent current and former officers of JP Morgan and Standard & Poor’s on state and federal government agency investigations regarding various structured financial products and vehicles. Washington DC-based partners Howard Cayne, David Bergman and Richard Alexander all have significant trial experience and are key members of the team engaged by the Federal Housing Finance Agency (FHFA) in long-running litigation relating to the secondary mortgage market. San Francisco-based partner Gilbert Serota has expertise at handling class actions as well as FINRA and SEC investigations; he recently helped secure victory for Charles Schwab & Co, at first instance and on appeal, in a consolidated class action concerning best execution of equity trades for its retail customers.

[back to top]

Securities litigation - defense

Within: Securities litigation - defense

Arnold & Porter has a nationwide team that handles high-stakes class actions and derivative actions, as well as regulatory investigations. The practice is led by Veronica Callahan in New York and Michael Trager in Washington DC. Trager recently acted for a special committee of the board of a Nasdaq-listed automotive company in several investigations that arose from whistleblower claims. Callahan is currently handling a high-value SEC investigation for a national accounting firm. For the same client, Callahan and DC-based Daniel Hawke are handling investigations by the PCAOB and the SEC into auditor independence-related issues. In New York, Vincent Sama, who is 'a very prominent lawyer in this space', and Daphne Morduchowitz continued to act for current and former officers of JP Morgan and Standard & Poor’s in investigations by state and federal government agencies. Scott Schreiber and counsel Adam Reinhart in DC and Gilbert Serota in San Francisco are also recommended.

[back to top]


Back to index

Legal Developments by:
Arnold & Porter

  • The role of arbitrators in EU antitrust law

    In May 2014, it will be ten years since Regulation No 1/2003 entered into force. When the legislator of the European Union adopted this Regulation on 16 December 2002, its main objective was to decentralise the enforcement of the two main provisions of EU antitrust law, Articles 81 and 82 of the Treaty establishing the European Community (now Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU)). Where do the arbitrators fit in this picture?

    - Arnold & Porter (UK) LLP

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • DO FIDIC RULE APPLY IN CONSTRUCTION CONTRACTS IN UAE?

    Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC. 
  • CommuniquĂ© on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft CommuniquĂ© on Equity Crowdfunding [1] . The CMB has now officially published the CommuniquĂ© on Crowdfunding No. III-35/A (“ CommuniquĂ© ”), on October 3, 2019. The CommuniquĂ© entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‘centre of life test’ in Surinder Singh cases?

    In the recent case of  ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan   [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.
  • ITALIAN RULES ON JOINT VENTURES IN PUBLIC PROCUREMENT AND CONCESSIONS

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.