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Arnold & Porter

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Michael Mierzewski

Arnold & Porter


United States: Dispute resolution

Financial services: litigation

Within: Financial services: litigation

Headed by David Freeman, Arnold & Porter is particularly noted for its ‘excellence at handling agency examinations and investigations’. Although it perhaps lacks the volume of high-profile private litigation of some of the market leaders, led by Howard Cayne, and with key support from firm chairman Richard Alexander, the team continues to represent the FHFA in numerous cases, including successfully securing the dismissal of multiple actions brought against it by Fannie Mae and Freddie Mac shareholders challenging an amendment to the funding agreements between the Treasury and FHFA in its capacity as conservator of Fannie Mae and Freddie Mac. Michael Mierzewski is regularly involved in antitrust-related financial services matters and continues to defend Visa in class actions regarding its interchange rates. San Francisco-based partner Gilbert Serota has handled several cases for Charles Schwab, including defending it in two class actions brought by a putative class of retail brokerage customers alleging that it failed in its best execution duty regarding equity trades. As part of his broad ranging business litigation expertise, San Francisco-based Peter Obstler has an excellent track record handling consumer class actions for a range of financial institutions, including JP Morgan Chase, which he is representing in three interrelated class actions concerning the application of California’s anti-deficiency laws to the bank’s collection practices following short sales or foreclosures. Other clients include American Bankers Association, CIT Bank and Wells Fargo. Named lawyers are based in Washington DC unless otherwise stated.

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United States: Finance

Financial services regulation

Within: Financial services regulation

Arnold & Porter’s team is involved in a range of Dodd-Frank advisory, legislative, transactional, and litigation and enforcement matters. Team head David Freeman continues to represent First Republic Bank across a myriad of regulatory and compliance issues associated with the development of new products, as well as on issues related to the Volcker Rule and other Dodd-Frank aspects impacting its banking, broker-dealer, investment adviser and insurance agency businesses. Patrick Doyle is advising TIAA, one of the country’s largest diversified financial services firms, on the regulatory implications pursuant to the expansion of its banking operations. In addition to handling a regular stream of banking M&A matters, Michael Mierzewski is well versed in consumer finance issues and in recent years has handled numerous fair lending matters for clients. Brian McCormally, Michael Mancusi, Howard Cayne, firm chairman Richard Alexander and Christopher Allen are also key members of the team across both regulatory counseling and enforcement matters. Other clients include Charles Schwab, FHFA and JPMorgan Chase. All named attorneys are based in Washington DC.

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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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