Orrick, Herrington & Sutcliffe‘s Financial & Securities Litigation practice advises banks, asset managers, and other financial institutions on high-stakes commercial disputes, regulatory enforcement, and crisis management. The team is jointly led by Jennifer Lee in San Francisco, and Richard Jacobsen and Darrell Cafasso in New York. Jacobsen is the firm’s lead trial partner for the group, with a practice centered on defending financial institutions against nine- and ten-figure claims, including matters arising from residential mortgage-backed securitizations, loan defaults, and secured lending disputes. Cafasso brings particular strength in guiding institutional clients through complex, mission-critical litigation. Lee’s practice spans commercial litigation and servicing disputes on behalf of banks and fintech companies. Tom Kidera, based in New York, focuses on mortgage servicing and loan sale disputes, frequently working alongside Jacobsen on matters for mortgage servicers and originators. The team also draws on colleagues from Orrick’s broader litigation bench, further bolstering its offering with talent from across the firm where advantageous.
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Key clients
- UBS Asset Management (Americas) LLC
- Credit Suisse
- Nationstar (d/b/a) Mr. Cooper
- Onity (formerly known as Ocwen and PHH)
- Goldman Sachs
- Morgan Stanley
- Block
- PayPal
- Caesars Entertainment Corporation
- VGW
- Evolve Bank
- Headlands Technologies
- Goodleap
- Stake.com
- Caliber Home Loans, Inc., Rithm Corp., NewRez LLC
Work highlights
Secured a string of wins in the high-profile Honey browser extension cases on behalf of PayPal.
Handling matters on behalf of UBS Asset Management, all of which involve an aggressive pursuit of counterparties that have defaulted on collectively over $250 million dollars in loans or similar obligations.
Lead counsel on the RMBS litigation portfolio for clients including Goldman Sachs, Credit Suisse and Ocwen/Onity.
Practice head
Jennifer Lee; Rich Jacobsen; Darrell Cafasso
Other key lawyers
Tom Kidera
