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Mayer Brown

Work +1 212 506 2500
Fax +1 212 262 1910

Steven Wolowitz

Work +1 212 506 2535
Mayer Brown

Work Department



Steven Wolowitz is an accomplished litigator whose practice focuses on financial services litigation, antitrust matters and complex commercial cases. Steve represents commercial and investment banks, corporations, directors and officers in securities, commodities and antitrust litigations, including class actions, and in complex cases involving derivatives, foreign exchange, structured investment vehicles, securitizations, insurance, asset management and fixed-income instruments. US and foreign banks rely on Steve in connection with cross-border issues and disputes involving corporate spin-offs, lender liability, equitable subordination, letters of credit and operational matters. In the area of enforcement and compliance, Steve represents bank, securities and issuer clients in SEC, DOJ, CFTC and state attorneys general investigations and proceedings. He also conducts internal investigations and reports to boards of directors and audit committees for public companies. Beyond these areas, Steve regularly represents corporate and individual clients in cases involving contract, entertainment and fiduciary duty disputes. In 2013, the authoritative Chambers USA professional directory noted that Steve “draws on extensive experience in representing financial institutions in a range of commercial and securities disputes," and in 2012 commented that clients describe Steve as “forceful in a positive way when needed.” In 2011, Chambers noted that Steve “is a respected litigator and trial lawyer" who “focuses primarily on representations in the financial services sector." In 2010, Chambers USA noted that clients recommend Steve for his "superb interpersonal skills and judgment," and in 2009 Chambers commented that Steve is a commercial litigator and trial lawyer who "is, according to clients, 'great at getting to the heart of the matter.'" In 2008, Chambers USA noted Steve as "an accomplished commercial litigator and trial lawyer whom peers describe as 'client-friendly, yet aggressive in court,'" and in 2007 commented that his "'thoughtfulness and insight' in litigation most frequently benefits members of the financial sector." In 2006, Chambers commended Steve for his "breadth of vision in the preparation and execution of cases: 'He is telescopic when identifying problems on the horizon, wide-angled in his ability to see who is coming at us sideways and microscopic when picking up on trial-winning details.'" Steve joined Mayer Brown in 1988. Previously, he was a partner with another prominent law firm in New York.


The George Washington University, BA, with distinction 1974 Phi Eta Sigma Honor Society; Phi Beta Kappa The George Washington University Law School, JD, with honors 1977

United States: Dispute resolution

Financial services litigation

Within: Financial services litigation

Leveraging the expertise of lawyers in the US and across the most significant global financial locales of London, Frankfurt, Paris and Hong Kong, Mayer Brown has particular strength in cross-border matters, including the extraterritorial application of US law to global financial institutions, forum non-conveniens and personal jurisdiction grounds for dismissal, and foreign data protection and bank secrecy laws. Mark Hanchet regularly handles work for well-known foreign banking institutions such as HSBC, which he represents as one of the defendant banks accused under the Anti-Terrorism Act of helping Iran process billions of dollars in transfers and finance terrorists who attacked American military personnel serving in Iraq. Matthew Ingber has gained an excellent reputation in the market, particularly for his work on behalf of securitization trustees in litigation brought against them alleging a failure to adequately protect the interests of the noteholders. In a market-defining matter and one which has huge ramifications for other bank trustees going as it does to the very essence of their corporate trust business model, Ingber successfully represented Bank of New York Mellon (BNYM) in a four-week bench trial (the first case to proceed to trial among the dozens pending against RMBS trustees) brought against it by insurance company Western & Southern. Christopher Houpt is also noted for his structured finance litigation expertise and had a key role in the aforementioned BNYM litigation. Steven Wolowitz continues to represent Société Générale in class action litigation surrounding its alleged role in Libor market manipulation. Lucia Nale is recommended for consumer finance-related litigation.

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Securities litigation: defense

Within: Securities litigation: defense

Mayer Brown’s New York securities litigation team is ‘highly responsive, very detail oriented and provides high-value advice from subject matter experts’. Joseph De Simone, Richard Spehr and Steven Wolowitz (who is a ‘thought leader and an expert in his field’) are the key partners in the practice. The firm, which was heavily involved in securities litigation arising from the global financial crisis, is noted for the close integration of its litigation, investigation and enforcement capabilities. Its highlights included the work of Christopher Houpt, Michael Martinez and Matthew Ingber for Bank of New York Mellon in cases related to its role as trustee of RMBS transactions. In re The Bank of New York Mellon saw the bank settle claims for $8.5bn, the largest private settlement in history, but litigation continues in regard to how the settlement is distributed. In another key case, Wolowitz advised Société Générale on class actions alleging manipulation of reference rates including Libor. Michele Odorizzi in Chicago is also recommended.

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