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Arnold & Porter

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Gilbert Serota

Arnold & Porter


United States: Dispute resolution

Financial services litigation

Within: Financial services litigation

Anchored from Washington DC and New York, plus its presence in California, Arnold & Porter has the strength-in-depth and expertise to handle the full gamut of disputes affecting retail, commercial and investment banks, including those relating to consumer lending and mortgage securitizations, both from an agency enforcement/investigation and civil litigation perspective. David Bergman has significant trial expertise at a federal and state court level; he recently successfully secured summary judgment for HSBC (subsequently affirmed at appellate level) dismissing breach of contract claims brought by Shearman Originator LLC which alleged a violation of servicing obligations in connection with more than $70.5m loans. As well as his ongoing work on appeal for Charles Schwab in litigation relating to the best execution of equity trades for its customers, San Francisco-based Gilbert Serota also regularly handles work for Wells Fargo and its board of directors in class action and derivative lawsuits. Howard Cayne has an excellent reputation in the market for federal pre-emption defences, and has employed this to good effect in numerous pieces of litigation on behalf of the FHFA. Richard Alexander is also recommended. Other clients include VISA, JPMorgan Chase, Atlantic Security Bank and York Capital.

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Securities litigation: defense

Within: Securities litigation: defense

Arnold & Porter has a nationwide team that handles high-stakes federal and state class action securities and derivative actions, as well as SEC, CFTC, FINRA and DOJ matters. Veronica Callahan in New York and Michael Trager in Washington DC lead the securities enforcement and litigation practice, which represents public companies and their subsidiaries, national and international accounting firms, broker-dealers, investment banks, commercial banks and other financial institutions. New York-based Vincent Sama is a leading light of the practice and with Catherine Schumacher and Daphne Morduchowitz he acted for former AIG CFO Howard Smith in a case that alleges the company profited from sham transactions that were designed to conceal losses. Another highlight for Sama was his representation of officers of JPMorgan and Standard & Poor’s in government investigations and class actions relating to structured financial products. Gilbert Serota in San Francisco and DC-based Scott Schreiber are also recommended.

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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

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