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Peter Calamari has 30 plus years of experience representing clients in complex commercial litigation, particularly in the financial services industry. Over the years he has been involved in some of the most significant international disputes, as well as responsible for oversight of cases producing some of the biggest settlements in US history for his clients, with recoveries totaling in excess of $15 billion. Recently, Mr. Calamari has focused on representing institutional investors in claims involving complex financial products in court proceedings and international arbitrations. He was the lead attorney for Washington Mutual, Inc. in connection with its claims against JP Morgan Chase which resulted in a settlement valued at $ 7.5 billion. Currently, he is the lead attorney for MBIA in connection with its multibillion claims against Bank of America and others arising out of collapsed RMBS. Also he represents the extraordinary commissioner of Parmalat in his effort to recover amounts for the Parmalat bankruptcy estate. Additionally, Mr. Calamari has represented parties in the Enron litigation, the Holocaust litigation, the Banco Ambrosiano collapse, the BCCI collapse, the Drexel collapse and the EF Hutton check kiting scandal.
He is a magna cum laude graduate of Fordham Law School, where he also was an adjunct professor of law. Between 2000 and 2004, he was a managing director at Credit Suisse, assisting in various administrative functions at the most senior level. In that capacity he helped organize a new division specializing in hedge funds, private equity and alternate capital investments.
Chambers USA (2013) reports that Mr. Calamari is highly regarded for his commercial litigation expertise and praised for his “excellent instincts and great courtroom presence.”
We represent HSH Nordbank in a case against UBS AG based upon fraud in connection with the issuance and management of a $3 billion reference pool of collateral in the North Street 4 CDO.
We represent hedge funds in matters against CDO arrangers and underwriters based on fraud and misrepresentations in connection with CDOs and credit default swaps.
We represent major banks in investigations and any follow-up litigation regarding investments in super senior AAA-rated tranches of SF-CDOs that deteriorated far more rapidly than comparable transactions based on comparable collateral.
Obtained a 2.1 billion settlement in connection with claims asserted against bank defendants involving the issuance of 2.4 billion in Enron Credit linked notes.
Representing Dr. Enrico Bondi, Extraordinary Commissioner of Parmalat S.P.A in three separate $10 billion lawsuits arising out of the largest bankruptcy in European history against various financial institutions and accounting firms, for aiding and abetting Parmalat's insiders in the commission of massive fraud and for auditor malfeasance. We obtained a $150 million settlement against Deloitte & Touche's Italian arm.
Representing an independent asset management and structured finance firm in connection with a series of claims in the insurance premium financing business.
Obtained dismissals of numerous securities litigations on behalf of defendants in the Drexel and EF Hutton litigation.