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United States: Antitrust
Shearman & Sterling LLP is experienced in US and EU antitrust law, handling cartel investigations, conspiracy and monopolization cases, matters related to predatory pricing, as well as bundling and tying cases. The firm is known for its representation of several financial institutions in global LIBOR and TIBOR related investigations. Beau Buffier and the key litigators Adam Hakki and Richard Schwed lead the practice, which recently acted for Japanese autoparts manufacturer JTEKT in follow-on class actions. Other key clients include United Airlines and Credit Suisse. Lawyers are based in New York unless stated otherwise.
Civil litigation/class actions
Within: Civil litigation/class actions
Shearman & Sterling LLP provides ‘a high level of service’ across a broad range of industries, but it is particularly strong in financial services related cases, where it leverages the firm’s contacts in the area. Adam Hakki and Richard Schwed (‘quick on his feet, a commanding presence’) are defending Bank of America in the ISDAFIX class action, which alleges that 15 financial institutions (including Nomura Securities International, which the firm is also representing in this case) conspired to fix the benchmark for interest rate derivative transactions. James Tallon is another name to note in the team and he recently advised Barclays Bank and Barclays Bank Delaware on an appeal, filed by plaintiffs, against the settlement reached between retailers and credit and debit card issuers regarding the interchange fees and merchant discount antitrust litigation. Heather Lamberg Kafele is a key contact in Washington DC.
United States: Dispute resolution
General commercial disputes
Within: General commercial disputes
Operating primarily from the New York office, Shearman & Sterling LLP’s broad litigation practice represents clients in high-stakes litigation and arbitration across the US. Among its recent successes was its representation of Daimler in a purported age discrimination class action; a team including Jaculin Aaron, Alan Goudiss and Daniel Lewis secured dismissal in the Eastern District of Michigan; the case is pending appeal. In the financial services space, Jeffrey Resetarits, Richard Schwed and global litigation head Adam Hakki acted for Bank of America in antitrust class actions alleging conspiracy in the foreign exchange market. Stuart Baskin is also recommended.