Philippe Z. Selendy

 

New York Office
Tel: 212-849-7000
Fax: 212-849-7100
philippeselendy@quinnemanuel.com

Practice Areas
Banking and Financial Institution Litigation
Class Action Litigation
Domestic and International Arbitration & Mediation
Investment Fund and Fund Advisor Litigation
Insurance and Reinsurance Litigation
Insurance Recovery
Securities Litigation
Structured Finance and Derivatives Litigation

Education

 

Harvard Law School (J.D., cum laude, 1993)

 

Harvard College (A.B., cum laude, 1990)





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Biography

 

Mr. Selendy’s main practice area is complex civil litigation and arbitration with an emphasis on financial products, securities, and insurance.  He is Co-Chair of Quinn Emanuel's Structured Finance Litigation Group and Chair of the RMBS Group.




Representative Clients

 

MBIA

Federal Housing Finance Agency

Fannie Mae

Freddie Mac

Assured Guaranty

AIG

MassMutual

Swiss Re

HSH Nordbank

 




Notable Representations

 

Lead outside counsel for FHFA in its landmark RMBS litigation against JPMorgan, Deutsche Bank, Goldman Sachs, and other major banks arising from its Conservatorship for Fannie Mae and Freddie Mac.

 

Co-lead counsel for monoline MBIA against Bank of America, Countrywide Home Loans and related entities in litigation arising from financial insurance covering over $21 billion of RMBS securitizations.

 

Lead outside counsel for Mass Mutual in its RMBS cases against major underwriter banks.

 

Lead counsel for Assured Guaranty in its municipal warrants fraud action against JP Morgan.

 

Representing AIG in its $10 billion RMBS action against Bank of America, Countrywide Home Loans, and related entities.

 

Representing German bank HSH Nordbank in its synthetic CDO action against UBS AG.

 

Representing banks, insurers, reinsurers, hedge funds, and other institutions in multiple actions and investigations of positions in credit default swaps, synthetic and ABS-CDOs, CMBS, RMBS, and other complex derivatives and structured products, including in settlements aggregating in excess of $2 billion.


Represented MBIA in multi-billion dollar actions based upon credit default swaps and financial guaranties written on CDO^3 structures against, respectively, Merrill Lynch and RBC, both settled on favorable terms.

 

Represented hedge fund Ramius Capital in a successful ABS-CDO arbitration against Bear Stearns. 


Represented limited partners in a derivative action based on fraudulent allocation of securities transactions resulting in $80 million arbitration award. 

 

Represented YES Network in successful arbitration against Cablevision Systems after forcing arbitration through antitrust claims.
 
Represented Zurich Centre in appeal, leading to favorable settlement, from bankruptcy court holding that surety bond made Zurich a de facto general partner in bankrupt operating business.
 
Developed forced-sale securities fraud class action against Genzyme based upon market manipulation in connection with the redemption of common tracking stock.
 
Litigated ERISA class action against pharmacy benefits manager Medco to a $42.5 million settlement.
 
Obtained trial court victory for the NRDC against Mallinckrodt in a novel application of RCRA.