With among the most comprehensive practices acting on civil litigation across the scope of the financial services sector, Davis Polk & Wardwell LLP‘s group is retained as counsel by domestic and international banks in individual and collective actions in antitrust class action suits, derivatives litigation, and post-transactional disputes. Acting on long-term ongoing mortgage-backed securities disputes is one area in which the firm has an historic strength. The practice is led from New York by securities litigators James Rouhandeh, Dana Seshens, and Paul Spagnoletti, and other leading names in the practice include Brian Burnovski, who is particularly strong acting in the fintech sector, and Elliot Moskowitz, who has led on litigation following bankruptcies and internal restructuring processes. All mentioned attorneys based in New York.
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Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Key clients
- NatWest
- CIBC Bank USA
- JPMorgan Chase Bank, N.A.
- The Bank of Tokyo-Mitsubishi UFJ, Ltd.
- U.S. Bank National Association
- Grayscale
- UP Fintech Holding Limited
- MoneyLion
- Nuvei
- Brigade Capital Management
- Cerberus
- Diameter
Work highlights
Defended Morgan Stanley in the Commercial Division of the New York Supreme Court against claims brought by IKB Deutsche Industriebank AG arising from the sale of residential mortgage-backed securities.
Represented client in an antitrust action in the N.D.Cal. brought by a group of consumers alleging that our client and other bank defendants conspired to fix the London Interbank Interest Rate and that the setting of USD ICE LIBOR is per se unlawful under the antitrust laws.
Representing SVB Financial Trust in litigation filed in the Northern District of California against the FDIC in its Corporate capacity and as Receiver of Silicon Valley Bank.
Practice head
James Rouhandeh; Dana Seshens; Paul Spagnoletti
Other key lawyers
Brian Burnovski; Elliot Moskowitz