Firm Profile > Cahill Gordon & Reindel LLP > New York, United States

Cahill Gordon & Reindel LLP
32 Old Slip
New York, NY 10005
United States

Securities litigation: defense Tier 1

Of the top-tier firms, Cahill Gordon & Reindel LLP has one of the smaller practices handling securities litigation, but its focus on high-value and precedent-setting disputes for clients in the financial services sector places it among the market leaders in this space. The firm is currently representing Credit Suisse and its subsidiaries in all US litigation relating to alleged manipulation of the global foreign exchange markets, having already defeated plaintiffs motion for class certification in two cases. Practice heads Herbert Washer and David Januszewski are the lead lawyers in those matters, with up-and-coming partners Sheila Ramesh and Jason Hall also heavily involved. They also obtained dismissal with prejudice of a purported class action alleging that Credit Suisse colluded to manipulate the Swiss-franc LIBOR benchmark rate, and further defeated a class action alleging that the bank failed to disclose adequately the risks associated with its offering of Velocity Shares Daily Inverse VIX Medium Term ETNs. The firm's continued track record of success is due in large part to its in-depth understanding of investment banks, asset managers and hedge funds, as well as the complex financial products they offer. Bradley Bondi in Washington DC is widely recognized as a leading expert in regulatory enforcement actions, and works closely with the litigation team.

Practice head(s):

Herbert Washer; David Januszewski

Other key lawyers:

Brad Bondi; Sheila Ramesh; Jason Hall

Key clients

Credit Suisse

Deutsche Bank

UBS

S&P Global

Morgan Stanley

Trevor Milton (founder and former chairman of Nikola Corporation)

Various hospital funds in litigation against Allianz Global Investors U.S. LLC and related corporate entities

Directors and officers of Patriot National, Inc.

Ligand Pharmaceuticals, Inc.

Insurance: advice to insurers Tier 2

Cahill Gordon & Reindel LLP's insurance team has extensive experience in coverage litigation. Thorn Rosenthal heads the practice and takes the lead in most major matters, including M&A and recent cases relating to subrogation claims, fidelity bond claims, and malpractice insurance disputes. The firm continues to represent several AIG companies with respect to coverage for sexual abuse claims at USC, led by Joel Kurtzberg. All lawyers are based in New York.

Practice head(s):

Thorn Rosenthal

Other key lawyers:

Joel Kurtzerg

Key clients

Swiss Re

Starr Indemnity & Liability Co.

AIG

Arch Capital Group Ltd.

Centre / Zurich

Credit Suisse

 

M&A: middle-market (sub-$500m) Tier 2

Cahill Gordon & Reindel LLP advises US and international buyers, sellers, financiers and investors on middle-market M&A and other strategic transactions, as well as M&A-related financing. John Schuster is a name to note for bank financing and securities work. Practice head Kimberly Petillo-Décossard advises on a wide range of corporate transactions, and is known within the market for her extensive M&A experience. Work for life sciences, pharmaceutical and biotech companies forms a keystone of her practice. Ross Sturman is noted for his experience in M&A financings, and regularly advises on corporate governance. Senior associate Joseph Rosati is noted for his work across the practice, counselling domestic and foreign companies. All named lawyers are based in New York.

Practice head(s):

Kimberly Petillo-Décossard

Other key lawyers:

John Schuster; Ross Sturman; Joseph Rosati

Testimonials

‘Cahill’s team is knowledgeable, accessible, and tremendous advocates for their clients. They have a unique ability to take complex legal issues and explain them in the simplest of terms, while providing insightful counsel to achieve company objectives.’

‘Cahill’s attorneys stand out for their attention to each individual client. Kimberly Petillo-Décossard is a stand-out partner. Her ability to quickly and succinctly understand the unique situation of our company and provide reasonable alternatives to achieve our objectives has proven invaluable.’

 

Key clients

1-800-FLOWERS.COM, Inc.

Allied World

Arch Capital Group Ltd.

Broadridge

Cable One, Inc.

Dyadic

Envigo

ICON plc

S&P Global

Trans World Entertainment

Environment: transactional Tier 3

Cahill Gordon & Reindel LLP is singled out as a leading environmental player in financing and capital market transactions. Covering domestic and international law, the New York-based practice is active in all core industry sectors, including environmentally sensitive businesses such as mining, petroleum refining and heavy manufacturing. The group also boasts a strong reputation for its expertise in identifying ESG risks, and has in the past year enhanced its due diligence review to help clients understand potential health and safety liabilities as a result of the Covid-19 pandemic. The practice group is overseen by Gregory Battista, whose extensive experience spans EHS compliance, SEC disclosures, climate change regulations and remediation. Also recommended are associates Peter Gioello and Lynn Schmidt.

Practice head(s):

Gregory Battista

Other key lawyers:

Peter Gioello; Lynn Schmidt

Testimonials

‘Strong environmental transactional team. Often represent lenders and focus in on the key commercial issues.’

‘I work with Peter Gioello often. He’s commercial and market-savvy. Focuses  on important and material items. Lynn Schmidt is also strong.’

‘Greg Battista and his team are top notch EHS transactional attorneys with significant expertise in financing transactions. Peter Gioello and Lynn Schmidt are quality lawyers with significant EHS experience and knowledge, but also are deal savvy and able to work collaboratively with other counsel to find resolution.’

‘Greg Battista is senior attorney with a sophisticated approach to evaluating and resolving issues and working well with opposing counsel. Peter Giorello is an up and coming EHS lawyer that is easy to work with, thoughtful in his questioning, and helpful in working to a resolution. Lynn Schmidt is bright, capable, and who can cover areas beyond just contamination.’

Key clients

J. P. Morgan

Credit Suisse

Citigroup Global Markets Inc.

Deutsche Bank

Morgan Stanley

Wells Fargo

UBS

Truist Securities, Inc.

General commercial disputes Tier 3

Based in New York, Cahill Gordon & Reindel LLP is perhaps best known its expertise in financial services litigation, though the team also stands out in antitrust, insurance, professional liability and media disputes. Joel Kurtzberg and Herbert Washer are representing Credit Suisse in LIBOR-related litigation, having achieved a string of favourable results, including a district court ruling that narrowed the scope of claims against the client. In another highlight matter, David Januszewski is acting for Deutsche Bank in its enforcement proceedings against an investor and his offshore investment entity, Sebastian Holdings. Another key figure in the team is Tammy Roy, rated for her experience in complex commercial and securities litigation.

Practice head(s):

Herbert Washer; David Januszewski

Other key lawyers:

Joel Kurtzberg; Tammy Roy

Testimonials

‘Joel Kurtzberg has a phenomenal memory for facts and an excellent mind for strategy. I couldn’t imagine pursuing my case without him.’

Key clients

S&P Global Inc.

UBS AG

Hayman Capital Management, L.P. and J. Kyle Bass

Credit Suisse

ExodusPoint Capital Management, LP

NYP Holdings, Inc. and Shawn Cohen

Deutsche Bank

Clearview AI, Inc.

Telecoms and broadcast: regulatory Tier 3

Cahill Gordon & Reindel LLP is well versed in regulatory counseling and litigation. Practice head Chérie Kiser is based in Washington DC and covers the full range of telecoms-related work at both a federal and state levels. Her recent workload has involved assisting clients with the deployment of rural broadband and the urgent need for telemedicine during the Covid-19 pandemic. Also recommended is counsel Angela Collins, who has particular expertise in advising local exchange carries and VoIP service providers.

Practice head(s):

Chérie Kiser

Other key lawyers:

Angela Collins

Key clients

Cable One, Inc.

Tempo Telecom LLC

Zito Media

Lingo Management, LLC

GG Telecom

Telecoms and broadcast: transactions Tier 3

Cahill Gordon & Reindel LLP has been the port of call for Cable One and Global Tel Link Corporate for all of their corporate transactions, which often cover assets and operations in multiple states. Regular work flows include M&A and capital markets transactions. Practice lead Cherie Kiser is highly skilled in transactional matters, and has assisted both traditional telecoms companies as well financial institutions entering the market. Counsel Angela Collins is also very experienced in transactional work, including commercial contracts and inter-connector agreements. Both lawyers are based in Washington DC.

Practice head(s):

Chérie Kiser

Other key lawyers:

Angela Collins

Key clients

Cable One, Inc.

Morgan Stanley

BofA Securities

JPMorgan Securities

Deutsche Bank Securities

Citigroup Global Markets

Credit Suisse Securities

Mizuho Securities USA

Wells Fargo Securities

BNP Paribas

SMBC Nikko Securities America

Civil litigation/class actions: defense Tier 4

Cahill Gordon & Reindel LLP is a go-to firm for major financial institutions and global banks, and is recognized in this space for its expertise in financial market manipulation, benchmark and boycott class actions. Combining ‘in-depth knowledge in both antitrust and procedural class action issues’, the group is spearheaded by the 'excellent, to-the-point antitrust specialist' Elai Katz, who is based in New York. Other key litigators are David Januszewski and Herbert Washer, both of whom are well versed in antitrust issues and frequently defend financial institutions in civil, criminal and regulatory enforcement actions.

Practice head(s):

Elai Katz

Other key lawyers:

David Januszewksi; Herbert Washer

Testimonials

‘In Elai Katz, Cahill Gordon has an excellent partner with great experience in antitrust defense litigation. Elai is easy to work with, quick, a sharp and creative legal mind and popular with clients.’

‘Cahill has a very strong team that combines in-depth knowledge in both antitrust and procedural class action issues.’ 

‘Elai Katz is an excellent, to-the-point antitrust specialist with very strong understanding of litigation tactics.’

Key clients

Credit Suisse

American Express

1-800-FLOWERS

Envigo International Holdings

Deutsche Bank

JP Morgan Securities

S&P Global

PharmaMar

Walmart

Merger control Tier 5

Cahill Gordon & Reindel LLP stands out for its work with banks and financial institutions acting as financiers for major M&A. Key work streams for the team include working on merger clearances and broader antitrust issues relating to financiers' involvement in transactions, as well as regularly filing Hart-Scott-Rodino documentation for private equity funds and public companies. Of recent note, the firm has led on merger clearances for major clients including American Express and 1-800-FLOWERS, and has also been involved in high-profile deals on the financing side. Elai Katz heads up the practice, and is an experienced and versatile antitrust practitioner with expertise across M&A, financing, and merger-related litigation. Lauren Rackow takes the lead on antitrust advice to banks. All lawyers are based in New York.

Practice head(s):

Elai Katz

Other key lawyers:

Lauren Rackow

Testimonials

‘The team at Cahiil Gordon, under Elai Katz, manages to combine excellence, professionalism and wonderful service. They are fresh thinkers, benefiting from wealth of knowledge and experience.’

‘Elai Katz, to me, is one of the best antitrust lawyers out there. Super professional, with a great reputation and always a pleasure to work with. I’d recommend him to anyone seeking the best antitrust advice, both in mergers and in litigation.’

Key clients

American Express

1-800-FLOWERS

Envigo International Holdings

Deutsche Bank

JP Morgan Securities

PharmaMar

US taxes: non-contentious Tier 6

Cahill Gordon & Reindel LLP has shown its strength in handling the tax aspects of a wide variety of M&A, commercial agreements, public and private financing transactions and restructurings, acting for many of the leading names in investment banking and asset management. The team is chaired by Craig Horowitz, who had an impressive year advising on transactions for both banks and public companies. Aliza Levine concentrates on the federal tax aspects of a range of deals, most notably for clients in the areas of energy, insurance, and financial services. Ann Creed focuses on leveraged finance, capital markets transactions and private equity deals. All named lawyers are based in New York.

Practice head(s):

Craig Horowitz

Other key lawyers:

Aliza Levine; Ann Creed

Testimonials

‘Tax advice was extraordinary. The deal was extremely complex with the parties involved, and Cahill did an excellent job managing my interests.’

‘The tax partners were the most responsive and knowledgeable tax specialists I have ever dealt with in my career. The people far exceeded my expectations.’

Our track record with Cahill should speak for itself. We have been working with Cahill for over 20 years, they’re our go-to legal team for investment transactions. They understand how our firm works, how it’s structured, and what we think is important. Their responsiveness and industry knowledge is excellent. When working on transactions Cahill has the ability to take complex issues and boil them down for others to understand.

‘Our firm works very closely with Craig Horowitz (tax counsel) and John Papachristos (deal counsel). Craig is always willing to dig in whenever we need him. He is extremely knowledgeable and brings up legal and/or business issues that many others miss. John understands how we do deals, how our firm is structured, and the issues that are sensitive to our LP base. John is able to take complex legal issues and can present those issues in simple terms to our deal teams so that we can make sound investment decisions.’

‘Craig Horowitz is one of the most knowledgeable tax partners I have worked with. He is always available and resourceful even if he doesn’t know the answer – i.e. sometime we have foreign tax questions.’

Key clients

1-800-Flowers

Arch Capital Group

Audax Mezzanine

Bank of Montreal

BNP Paribas

Broadridge Financial Solutions

Cable One

Citibank

Credit Suisse

Deutsche Bank

Envigo International Holdings

Healthcare Royalty Partners

ICON plc

JPMorgan Chase Bank

Morgan Stanley

Nomura

PNC

S&P Global

Trans World Entertainment

UBS

Wells Fargo

Capital markets: debt offerings

Cahill Gordon & Reindel LLP is the clear market leader in high-yield debt on the underwriter/manager side, though its credentials extend far beyond the high-yield segment. The firm has advised the underwriters on a series of headline investment grade bond offerings by top-tier corporate issuers; this includes a series of multibillion-dollar transactions in the TMT sector. Further, it advised the initial purchasers on an investment grade financing totaling $2.25bn issued by Dell Technologies. The firm is naturally active in the intersection between high-yield and investment grade, and often advises on deals by issuers that have large capital structures, requiring a variety of debt offerings. Moreover, the firm's formidable bank lending practice provides a complementary offering to its DCM practice. The large team features a number of highly-skilled and versatile partners, including Douglas HorowitzWilliam MillerCorey Wright and Marc Lashbrook.

Other key lawyers:

Douglas Horowitz; William Miller; Corey Wright; Marc Lashbrook  

Capital markets: equity offerings

Cahill Gordon & Reindel LLP has grabbed a considerable market share of US equity offerings. Much of this stems from its excellent underwriter relationships, garnered from its dominant position in the high-yield debt space. The firm has built on these relationships to become a go-to name for a wide range of equity and debt offerings. While remaining firmly on the underwriter side, the firm frequently advises on equity deals for issuers that have previously tapped the debt markets. Douglas Horowitz and William Miller are two of several partners with experience advising on a variety of debt and equity products. James Clark is a key senior figure with an established record in both debt and equity offerings.

Other key lawyers:

Douglas Horowitz; William Miller; Corey Wright; Marc Lashbrook; James Clark 

Capital markets: high-yield debt offerings

Cahill Gordon & Reindel LLP dominates the high-yield debt market for underwriters, outstripping its competitors by quite some distance. The firm is noted for its deal flow, but it also wins many of the biggest deals in the market, including those linked to headline acquisitions; it is a leading player in commercial lending for banks, with all team members recognized for their expertise in bank debt and capital markets fund raisings. Of late, the team advised JP Morgan Securities, as the initial purchasers, on a series of senior note offerings for Eldorado Resorts as part of the financing of its acquisition of Caesars Resort Collection. In addition to consistently attracting mandates involving first-time issuers, the firm is also routinely engaged to act as underwriters' counsel in deals involving seasoned, repeat-issuers. James ClarkJonathan Schaffzin and William Hartnett (chairman of the executive committee) are the senior statesmen of the practice, while Douglas HorowitzWilliam Miller and Corey Wright have gained considerable prominence in recent years and frequently lead the teams on many of the highest profile deals. Marc Lashbrook and Joshua Zelig are names to note on the more junior end of the partnership.

Other key lawyers:

Jonathan Schaffzin; James Clark; William Hartnett; Douglas Horowitz; William Miller; Corey Wright; Marc Lashbrook; Joshua Zelig

Commercial lending

Cahill Gordon & Reindel LLP is the most active firm in the market for lender-side transactions, having closed the highest number of financing transactions for 2019 and the first half of 2020. The New York-based team features a vast number of experienced partners, all of whom advise the largest commercial and investment banks, as lenders and underwriters, on their most complex and important acquisition financings, leveraged buyouts, bridge financings and recapitalizations. One such team member is Douglas Horowitz, who is the relationship partner for JP Morgan and one of the busiest dealmakers at the firm. Jonathan Schaffzin is another name to note for his work in the healthcare, telecoms and technology sectors, while Jennifer Ezring is recommended for asset-based transactions. Other key names include James Clark, Marc Lashbrook and Corey Wright.

Other key lawyers:

Douglas Horowitz; James Clark; Jonathan Schaffzin; Corey Wright; Marc Lashbrook; Jennifer Ezring; Joshua Zelig

Key clients

JPMorgan Chase Bank, N.A.

Morgan Stanley & Co. LLC

Credit Suisse

Deutsche Bank

Citigroup Global Markets Inc.

Wells Fargo Securities

Jefferies Finance LLC

Nomura Securities International, Inc.

Mizuho Bank, Ltd.

Truist Securities

Corporate investigations and white-collar criminal defense

Cahill Gordon & Reindel LLP continues to act for global corporations and financial institutions in a range of white-collar matters. The team is noted in particular for its experience in ‘bet-the-company’ regulatory and enforcement matters. New York’s Herbert Washer is recognized for his strength in the banking and finance industry, acting as go-to counsel for a major global bank; he also represents a number of other banks in high-profile investigations. Washington DC-based Bradley Bondi handles criminal and civil corporate and securities matters, and is well-versed in SEC and DOJ investigations. David Januszewski is another name to note in New York.

Practice head(s):

Herbert Washer; David Januszewski; Brad Bondi

Other key lawyers:

Brian Markley; David Wishengrad; Nola Heller; Anirudh Bansal

Testimonials

‘Cahill has an increasingly strong white-collar and investigations practice’. 

‘As corporate counsel, I find that Cahill takes a direct, no-nonsense and sensible approach to complex matters and in dealing with other counsel’. 

‘As with the rest of their litigation offerings, Cahill has skilled and thoughtful partners that are adept at handling the most challenging matters’. 

‘Anirudh Bansal is a total pleasure to work with because he is an extremely skilled and smart lawyer with a personal touch to manage complex and high-stakes matters’. 

‘Anirudh Bansal is also an extremely hard worker and who keeps his eye on the ball’.

‘Nola Heller is a skilled white-collar attorney with excellent judgement and it is a pleasure to work with’.

‘Brad Bondi is an outstanding lawyer who is particularly talented in dealing with complex corporate investigation and litigation issues’.       

Key clients

Tesla, Inc.

Various hospital funds in litigation against Allianz Global Investors U.S. LLC and related corporate entities

Ligand Pharmaceuticals, Inc.

Oak Hill Advisors

Global Power Equipment Group, Inc.

Brookfield Asset Management

Thomas Whittle

Michelle Morton

Trevor Milton

Directors and officers of Patriot National, Inc.

Firm Overview:

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP has built a national reputation for capital markets prowess and high-stakes litigation excellence and is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.

Main Areas of Practice:

Transactional:

Cahill represents a broad range of financial institutions and other companies in all types of transactional and advisory work.

Capital Markets & Lending:

Widely recognized as the leading law firm in leveraged finance, Cahill has long and close working relationships with many prominent international banking institutions. Its capital markets and lending practice represents lenders and borrowers in loan financings, underwriters and issuers in debt, equity and equity-linked securities offerings and dealer managers and solicitation agents in exchange offers, tender offers and consent solicitations, in leveraged, distressed, high-grade and cross-over credits. Cahill also represents mezzanine lenders and private equity investors in leveraged and strategic transactions.

Building on 20 years of experience in the London market, Cahill recently expanded its London office with a well-known English law finance team and additional New York law finance capability. The team has extensive experience in the European leveraged finance and high-yield market.

Cahill has a long history of working collaboratively around the table with leading private equity firms and corporations and their counsel, including on cross-border transactions. Cahill has advised financial institutions on many of the largest and most sophisticated M&A and LBO debt financings, including nine of the ten largest U.S.-based LBOs completed to date.

A dominant force in the high-yield market, Cahill has been ranked #1 in the league tables for advice to underwriters of high-yield bonds by Bloomberg since 2005 and ranked #1 for advice to arrangers of leveraged loans by Refinitiv (formerly Thomson Reuters LPC) since 2010.

Mergers & Acquisitions:

Cahill advises public and private corporations, private equity firms and their portfolio companies, and boards and special committees across a variety of industries in connection with mergers, acquisitions, dispositions, joint ventures, spin-offs and other significant strategic transactions. The firm also advises clients on acquisition finance, growth equity and other minority investments, governance, disclosure and compliance matters, providing its clients a single point of contact and delivering exceptional efficiency.

Corporate Advisory:

As regular outside counsel to a diverse group of U.S. and non-U.S. private and public companies, Cahill advises on all aspects of corporate governance, regulatory compliance and planning, board and executive compensation, corporate investigations and crisis management and other legal issues in all aspects of our clients’ businesses. In the increasingly important area of ESG, we also provide companies advice on navigating sensitive issues and disclosure. Our extensive experience in this area enables us to provide efficient, cost-effective counseling and guidance on the full spectrum of issues facing companies, at all stages of growth.

Bankruptcy & Restructuring:

Cahill frequently represents and advises all of the various constituents in complex domestic and cross-border restructuring matters, including formal bankruptcy court proceedings and out-of-court transactions. It has significant experience representing debtors and borrowers, boards of directors, equity sponsors and other investors and regularly represent administrative and collateral agents and lenders, including DIP and exit lenders, with respect to secured financings in bankruptcy and restructuring matters.

Litigation:

In its litigation practice, Cahill manages large-scale securities, insurance, antitrust, First Amendment, intellectual property, professional liability and white collar matters that are often international in scope.

Securities Litigation & White Collar Defense:

Cahill lawyers have been on the front lines of largescale securities litigation for nearly a century, focusing on the leading issues of the day. Cahill represents issuers, underwriters, bank lenders, placement agents, officers and directors, accountants, lawyers and broker/dealers in large-scale securities litigation and investigations throughout the world. It has represented participants in complex securities class action litigation and parallel governmental investigations involving financial exposures in the billions of dollars. Often these matters involve coordination with parallel governmental investigations, congressional and regulatory investigations, domestic and foreign bankruptcies and state court actions.

Corporate Governance & Investigations:

Cahill advises boards of directors, special committees, and directors and officers of publicly held companies in significant corporate governance matters and investigations. Its lawyers have extensive experience conducting multinational investigations involving alleged violations of the FCPA, OFAC regulations and commercial bribery laws, BSA and AML. Cahill has managed investigations involving wire, mail, healthcare and tax fraud and fraud alleged under the False Claims Act and those arising from computer hacking and data breaches. Cahill also has a long track record conducting antitrust and price fixing investigations in markets including healthcare, pharmaceuticals, automotive industries, paper products, homebuilding, and tobacco.

Global Risk Assessment & Anticorruption Compliance (FCPA)

Cahill’s renowned cross-border risk assessment and due diligence practice advises some of the world’s largest and most respected global companies on the full range of anti-corruption matters, including due diligence, compliance, training, investigations and defense. Leveraging our experience in over 50 countries, our team brings familiarity with local challenges while developing practical compliance solutions.

Financial Institution Litigation, Regulation & Enforcement:

Cahill’s broker-dealer practice ranges from narrow investigations regarding the activities of individual traders to some of the broadest global financial market inquiries ever undertaken for the largest and most prestigious global broker-dealers.

Antitrust Litigation:

Cahill’s lawyers are trained in a comprehensive range of antitrust and competition matters, from class action litigation and criminal and civil investigations to M&A and other strategic transactions. Cahill litigators represent clients in major civil and criminal investigations and have extensive experience defending antitrust suits asserting price fixing, bid rigging and boycotts, among other claims. It has been involved in many of the most consequential antitrust class actions in recent years, involving LIBOR, foreign exchange, municipal bond derivatives, insurance brokerage fees, IPO underwriting fees, music CDs, vitamins and thermal fax paper.

Department Name Email Telephone
Chairman William M. Hartnett whartnett@cahill.com 212.701.3847
Co-Administrative Partner Helene R. Banks hbanks@cahill.com 212.701.3439
Co-Administrative Partner Brian T. Markley bmarkley@cahill.com 212.701.3230