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Arnold & Porter

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Richard Alexander

Arnold & Porter


United States: Dispute resolution

Financial services litigation

Within: Financial services litigation

Although slightly less active on behalf of the larger money-center banks than most of its higher-ranked peers, Arnold & Porter is an attractive option for smaller commercial banks, savings institutions, trade associations and non-bank lenders. Particularly strong out of Washington DC and New York, the firm is able to represent clients throughout the life-cycle of a matter, from pre-litigation advice and investigation through to any potential trial and appeal. Vincent Sama and Daphne Morduchowitz continue to represent current and former officers of JP Morgan and Standard & Poor’s on state and federal government agency investigations regarding various structured financial products and vehicles. Washington DC-based partners Howard Cayne, David Bergman and Richard Alexander all have significant trial experience and are key members of the team engaged by the Federal Housing Finance Agency (FHFA) in long-running litigation relating to the secondary mortgage market. San Francisco-based partner Gilbert Serota has expertise at handling class actions as well as FINRA and SEC investigations; he recently helped secure victory for Charles Schwab & Co, at first instance and on appeal, in a consolidated class action concerning best execution of equity trades for its retail customers.

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United States: Finance

Financial services regulation

Within: Financial services regulation

Leveraging the expertise of numerous former governmental officials, as well as benefiting from a strong track record across financial services M&A, standalone regulatory counseling and legislative advice, Washington DC-based Arnold & Porter provides an 'excellent service' to a wide range of clients in the sector, including domestic and foreign banks, insurance companies, investment managers and fintech companies. Head of the firm's financial institutions M&A practice Robert Azarow recently advised Stifel Financial on its acquisition of Business Bancshares (work which included the post-closing reorganization of Stifel’s bank and trust company subsidiaries under a single intermediate holding company) and advised First American International on its $117m sale to RBB Bancorp. Michael Mancusi was also involved in the work for First American International, having previously advised it on the development of a cybersecurity program, procedures and controls to ensure compliance with the New York Department of Financial Services' Part 500 requirements, and annual certification. Team head David Freeman handles a range of standalone regulatory matters as well as advising on financial services M&A. He continues to provide ongoing regulatory counseling to First Republic Bank, including in relation to new products and product extensions, and discrete transactions, such as its investment into student loan company CommonBond. Other recommended practitioners include Brian McCormally, who brings significant banking regulatory expertise to bear by virtue of his work in both the private and public sector (where he served at the OCC and the OTS), and firm chairman Richard Alexander, whose expertise bridges enforcement, supervisory and governance matters.

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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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