Cravath, Swaine & Moore LLP‘ New York office has a field-leading financial services litigation practice. The firm represents a key roster of investment and diversified banks in civil litigation, and other clients span national industry leaders in payment services and consumer finance groups, private equity, and asset management. Furthermore, the group is increasingly active in the fintech and cryptocurrency sectors. Areas of strength cover residential-mortgage-backed securities disputes, antitrust class action claims, and regulatory investigations by federal agencies. Out of court, the practice is additionally retained by domestic and international banks as ongoing regulatory and antitrust counsel. The practice is headed by Lauren Moskowitz, experienced before the Supreme Court and Delaware commercial courts alike and has particular focus in post-transactional and RMBS cases. Michael Paskin is renowned for his counsel for banks in securities and derivatives disputes as well as class action claims, while Antony Ryan has acted on federal investigations and futures-related litigation. Elsewhere in the practice, Lauren Rosenberg has led on stockholder derivative litigation and against allegations of conspiracy.
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Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Key clients
- American Express Company
- BDT Capital Partners, LLC
- Blackstone Inc.
- Citigroup Global Markets Inc.
- Clearwater Analytics Holdings, Inc.
- Dfinity Foundation
- Eurazeo SE
- Goldman Sachs Asset Management LP
- Morgan Stanley
- Nomura International plc
- Robinhood Markets, Inc.
- Silvergate Capital Corporation
Work highlights
Secured a major victory following a three-week jury trial for American Express in class action litigation brought by classes of debit card and non-rewards credit card users in multiple states alleging that Amex’s non-discrimination provisions inflated prices paid for goods and services sold by merchants across the country.
Representing Citigroup in litigation asserting breach of contract and fiduciary duty claims for alleged failure to achieve “best execution” in equity trades. We recently secured the denial of class certification in the action.
Representing Silvergate in connection with its chapter 11 filing in Delaware Bankruptcy Court, continuing the bank’s plan to wind down operations in light of substantial industry challenges and regulatory developments related to digital assets.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Other key lawyers
Lauren Moskowitz; Michael Paskin; Antony Ryan; Lauren Rosenberg