We have the leading U.S. practice litigating against major investment and commercial banks on behalf of other financial institutions, insurers and hedge funds. We have tried virtually every type of banking dispute, including lender-liability actions, suits by loan participants, actions arising out of letters of credit and other forms of commercial paper, commercial and residential foreclosure actions and loan fraud matters. In the last three years, we achieved two separate settlements of lawsuits against financial institutions that each exceeded $2 billion.
The firm has also represented banking clients in dozens of matters involving issues including borrower fraud, wrongful foreclosure, and challenges to escrow procedures to insurance, real estate, securities, antitrust and contract claims. We have represented banks and other financial institutions in class action lawsuits covering a wide spectrum from claims that proxy materials were false and misleading to cases in which the institutions were accused of overcharging customers. Most recently, we have litigated a number of financial institution cases concerning the mortgage business and mortgage-backed securities.