Philippe Selendy > Selendy Gay PLLC > New York, United States > Lawyer Profile

Selendy Gay PLLC
1290 AVENUE OF THE AMERICAS
NEW YORK, NY 10104
NEW YORK
United States

Work Department

Securities & Structured Finance

Position

Partner

Career

Philippe Z. Selendy is a founding partner of Selendy Gay. He has more than 30 years of experience in litigating and trying cases at the highest level across a wide range of subject matters, recovering more than $37 billion for clients in the last two decades.

Heralded as “The Man Who Took on Wall Street” by the Financial Times, Philippe’s successes include an unprecedented $25 billion in trial victories and settlements for U.S. taxpayers stemming from eighteen residential mortgage-backed securities suits brought against the world’s largest banks, leading The American Lawyer to name Philippe “Litigator of the Year” and award him its first-ever “Grand Prize in Litigation.”

In 2024, Philippe secured, on behalf of the former stockholders of Auris Health, Inc., a $1.1 billion trial victory in a long-running earnout dispute against Johnson & Johnson. The decision constituted the largest award in Delaware history in a post-merger earnout case.

In 2023, Philippe secured an $855 million trial victory for private equity firm Cerberus Capital Management against the Canadian Imperial Bank of Commerce in a breach of contract action arising from highly complex credit-linked notes between sophisticated counterparties.

Described as an “exceptionally talented” litigator by Chambers & Partners and listed in the “Hall of Fame” by Legal 500, Philippe has been repeatedly named a (seven-time) “Litigator of the Week” by The American Lawyer, a “Securities MVP” and “Banking MVP” by Law360, one of the nation’s “Top 100 Trial Lawyers” and a “Litigation Star” by Benchmark Litigation, and a (two-time) “Trailblazer” by the National Law Journal.

Languages

English

Memberships

Founding Supporter of Speyer Legacy School

Education

Harvard Law School
(J.D., cum laude, 1993)

Harvard College
(A.B., cum laude, 1990)

Lawyer Rankings

United States > Dispute resolution > Securities litigation: plaintiff

(Hall of Fame)

Philippe SelendySelendy Gay PLLC

Litigation boutique Selendy Gay PLLC in New York acts for both plaintiffs and defendants in securities litigation, drawing on the experience of practice heads Philippe Selendy and Sean Baldwin, who built their reputations in matters concerning complex financial products including mortgage-backed securities. Together, they recently achieved an $855m settlement for Cerberus Capital Management in a breach of contract action against Canadian Imperial Bank of Commerce concerning the bank’s failure to pay back an investment in US housing-related assets. The firm is also making its presence felt in emerging areas of securities litigation, notably cryptocurrency cases. Selendy is representing plaintiffs in a putative class action based on the purported stablecoin USDT, claiming that investors bought into the market at a time when the price of the assets had been artificially inflated by defendants. Key partner Andrew Dunlap played a key role in that case. Also notable is Jordan Goldstein, who is leading 12 proposed class actions on behalf of investors who traded on multiple digital exchanges including Binance, which allegedly offered and sold billions of dollars of unregistered digital tokens.