The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Email:
Web:
www.shearman.com

Richard Schwed

Tel:
Work +1 212 848 5445
Email:
Shearman & Sterling LLP

Position

Partner

Career

www.shearman.com/rschwed/


United States: Dispute resolution

Financial services litigation

Within: Financial services litigation

Drawing upon expertise from within the firm's market-leading securities litigation team, as well as its broader commercial disputes and financial services regulatory offering, Shearman & Sterling LLP's multi-disciplinary New York-based group is involved in a significant amount of high-profile defendant work for an impressive roster of domestic and international investment banks, including BNP Paribas, Barclays, Goldman Sachs and Credit Suisse. Able to co-mingle its strong antitrust offering with securities litigation expertise, the firm has been involved in a plethora of financial services-related market manipulation matters. Adam Hakki and Richard Schwed continue to represent Bank of America in a slew of these cases, including as a defendant in separate class actions relating to the bank's alleged role in fixing prices relating to US dollar-denominated sovereign, supranational and agency bonds and the ISDAfix benchmark rate. Hakki has also taken the lead on the firm's ongoing work for Countrywide Financial in numerous MBS cases. As well as his work for underwriters as defendants in securities litigation, Daniel Lewis has also been a key member the team defending Countrywide against RMBS claims. Agnès Dunogué and Matthew Craner are also recommended.

[back to top]

General commercial disputes

Within: General commercial disputes

Shearman & Sterling LLP excels in financial services and commercial litigation making it a popular choice for leading financial institutions. The litigation practice extends beyond the US, with the team often handling cross-border matters and representing international companies. In recent work for Citigroup, the firm secured the dismissal of malicious prosecution, breach of contract and fraud claims filed in the Southern District of New York by Mexican company Oceanografía and its former CEO; Adam Hakki and Daniel Lewis were among the lead attorneys. In another highlight, Stuart Baskin and Jaculin Aaron secured the dismissal of a class and derivative action against client Viacom in the Delaware Court of Chancery. Richard Schwed is the global litigation practice group leader; other names to note include Paula Howell Anderson and Jeffrey Resetarits, both of whom have extensive complex commercial litigation experience.

[back to top]

International litigation

Within: International litigation

Shearman & Sterling LLP's 'impressive' client base spans multinational corporations and financial institutions on high-profile, and often cross-border matters including global investigations, Foreign Corrupt Practices Act (FCPA) matters and US-based litigation involving non-US entities. Global practice head Adam Hakki and deputy head of the litigation department Richard Schwed are both recommended for their expertise in securities class actions and banking litigation. In Washington DC, Christopher Ryan is acting for Yukos Oil Company in the enforcement of $50bn of arbitral awards from the Russian Federation after its expropriation of investments in the client. Other contacts include Henry Weisburg, who is noted for his expertise in cross-border financial disputes, and rising star Paula Anderson. All named individuals are based in New York unless otherwise stated.

[back to top]

Securities litigation - defense

Within: Securities litigation - defense

Shearman & Sterling LLP in New York has a securities litigation, investigation and enforcement practice that frequently represents US and non-US financial institutions, corporations, boards of directors, special committees, and individuals in high-stakes matters. Global managing partner and head of litigation Adam Hakki also co-chairs the securities and litigation and enforcement practice. Hakki and Patrick Robbins in San Francisco acted for the underwriters of SunEdison and TerraForm Global in multiple individual and class action lawsuits arising from SunEdison's bankruptcy, alleging 33 Act violations including failure to accurately disclose liquidity issues in the offering of securities. The case was partially dismissed in early 2018. The firm's deep bench of talent in New York includes Richard Schwed, who, with Hakki, secured the dismissal with prejudice of claims against Bank of America and other banks accused of manipulating the pricing benchmark for silver in London. Up-and-coming partner Agnès Dunogué is also recommended. Lyle Roberts, who handles litigation and regulatory enforcement actions, joined the Washington DC office from Cooley LLP.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to