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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 ‚Äúdraws on extensive experience in representing financial institutions in a range of commercial and securities disputes," and in 2012 commented that clients describe Steve as ‚Äúforceful in a positive way when needed.‚ÄĚ In 2011, Chambers noted that Steve ‚Äúis a respected litigator and trial lawyer" who ‚Äúfocuses 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

Primarily anchored from its New York office but also able to effectively draw upon the expertise of lawyers based in Washington DC and Chicago, as well as from its international network, Mayer Brown has the strength in depth to handle a wide range of private litigation and agency enforcement actions for banks, funds and broker-dealers. The firm has developed a strong reputation successfully defending trustees in RMBS litigation and, led by the 'smart, practical and business-savvy' Matthew Ingber, recently secured summary judgment for The Bank of New York Mellon in Oklahoma federal court. Christopher Houpt has also been at the forefront of the firm's efforts on the RMBS front, and as well as assisting Ingber in the aforementioned matter, also recently led on behalf of Citibank in its summary judgment victory which dismissed claims for losses made by investors in all but three of 27 RMBS trusts. In addition, Houpt provides 'excellent advice' to foreign banks in US litigation, which includes his recent victory for a German bank in a jury trial involving municipal bond reinvestment contracts. The 'very efficient and commercial' Mark Hanchet also excels in handling work for high-profile foreign banks, including the continued representation of HSBC as one of the defendant banks accused under the Anti-Terrorism Act (ATA) of helping Iran process billions of dollars in transfers and finance terrorists who attacked American military personnel serving in Iraq. Notably, he recently won the first decision in New York to apply the newly enacted Justice Against Sponsors of Terrorism Act, an amendment to the ATA that provides for secondary liability under certain circumstances. Steven Wolowitz has had a raft of victories for Société Générale as one of the defendants accused of market manipulation across several financial benchmarks, including US dollar Libor. Chicago-based Lucia Nale is recommended for consumer finance-related contentious matters. Named attorneys are based in New York, unless otherwise stated.

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Securities litigation - defense

Within: Securities litigation - defense

Mayer Brown has 'a very strong practice across the board' and one client remarks that 'its litigation practice is first rate but reasonable in terms of cost'. The firm combines compliance, investigation, enforcement, litigation and appellate capabilities, and is frequently called upon by leading financial institutions. Joseph De Simone in New York and, in Washington DC, Richard Rosenfeld and Matthew Rossi are the lead partners. In New York, Matthew Ingber and Christopher Houpt acted for Bank of New York Mellon in litigation relating to its role as trustee of residential mortgage-backed securities, in which issues around the distribution of the $8.5bn settlement remain to be resolved. De Simone, Ingber and Richard Spehr handled securities and derivative actions for Frontier Communications that allege improprieties by its directors and officers. Steven Wolowitz, who handled high-stakes class actions for Société Générale, including In Re Libor-Based Financial Instruments Antitrust Litigation and Sonterra v UBS AG, et al, is also recommended.

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