Dechert LLP boasts strong litigation expertise and regulatory knowledge to support asset management clients through complex disputes and enforcement actions. Joni Jacobsen leads the team in New York, whilst Michael McGinley  is based in Philadelphia and co-chair;s the firm's securities and complex litigation group. San Francisco’s Joshua Hess has a focused practice on the defense of asset managers in class actions, white-collar crime and shareholder litigation. David Kotler and David Kotler are also active partners in New York.
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Key clients

  • Guggenheim Funds Investment Advisors, LLC
  • Barings LLC
  • Apollo Global Management
  • Spirits Financial Corp.
  • Millennium Management, LLC
  • Byblos Bank S.A.L
  • Fransabank

Work highlights

  • Defended Guggenheim Funds Investment Advisors, a prominent investment adviser to a complex of mutual funds, in breach of fiduciary duty litigation arising out the performance of a closed-end fund specializing in investments in energy-related master limited partnerships amid the collapse in energy prices in early 2020 and the subsequent merging of the fund with a different fund following a similar investment strategy
  • Represented Barings, a global asset management firm with more than US$406 billion in assets under management, in connection with litigation and other matters against Corinthia Global Management Limited, a start-up competitor, and current and former Barings employees who have joined or are expected to join Corinthia.
  • Represented Apollo Global Management, as well as four of Apollo’s indirect subsidiaries, in litigation in New York Supreme Court – Commercial Division concerning a UCC foreclosure that occurred in 2017. Plaintiffs allege that Apollo tortiously interfered with Plaintiffs’ contractual arrangements and violated the implied covenant of good faith and fair dealing. Plaintiffs seek tens of millions of dollars in damages.

Lawyers

Practice head

Joni Jacobsen; Michael McGinley

Other key lawyers

Joshua Hess; David Kotler; Andrew Levander; Gary Mennitt; Neil Steiner