Jeremy Andersen joined the firm in 2003. His accounting background allowed him to begin work immediately reconstructing complex financial transactions and frauds by following transactions from their contractual inception, through the internal records, and to the audited financial statements and other representations made to investors.
Mr. Andersen is now a long-running, core member of multiple Quinn Emanuel teams where the firm was appointed lead or co-lead counsel in large antitrust, securities, and Commodity Exchange Act cases. He has pursued such claims on behalf of institutional investors, insurance companies, and bankrupt estates, both in their individual capacity and as part of class actions. Most of his cases have been against the world’s largest banks and auditing firms, meaning he is often going up against many of the world’s largest defense law firms at once. He has had great success in doing so. Mr. Andersen has been involved in multiple matters that secured around $100 million or more, including four in the past few years alone. Overall, he has helped victims recover almost $4 billion in pending or approved settlements.
Mr. Andersen continues to be a key part of big-ticket plaintiffs’ cases. For instance, he was a core team member responsible for investigating and then drafting the complaint, and then defending it against a motion to dismiss, in a large matter alleging that there was a conspiracy to rig the operation of an FX trading platform. In 2023, the court upheld all of the core claims, allowing the case into discovery. By way of another example, he was one of only two attorneys that were part of the firm’s formation of a large group of “opt-out” plaintiffs regarding manipulation of trading “spreads,” who then also stayed with the case for its entire duration. After many years spent forming the historically large opt-out group and then litigating the matter, the case was successfully resolved in 2023.
Additionally, Mr. Andersen has a diverse practice outside of representing plaintiffs in the financial space. For instance, he was a key team member when Quinn Emanuel was appointed co-lead counsel in an antitrust case alleging monopolistic behavior in the sale of pesticides in 2023. He has also handled multiple disputes involving private equity investors. Mr. Andersen additionally operates on the defense side of the “v.,” recently for instance in a sprawling set of MDL antitrust cases regarding the sale of fed cattle and processed beef.
On his teams, he is often the primary author or editor of key filings, from the initial complaint, through the dismissal stage, and into discovery and expert fights. Those roles also mean he helps guide the overall strategy for the cases. In all of these tasks, Mr. Andersen often serves as the “translator” for the firm and the Court—turning incredibly complex data, expert analysis, and concepts into winning strategies and plain-English submissions.
Finally, he not only successfully litigates large class actions, but makes sure any related settlements get approved. For instance, in a class action involving manipulation of the ISDAfix interest-rate benchmark, Mr. Andersen not only was a key driver of that complex case generally, but also the main architect and defender of a multi-pronged plan of how to distribute $500 million in settlement proceeds to a large and sophisticated group of class members. Similarly, he was key in bringing an antitrust and CEA class action alleging a benchmark price for gold was rigged. After $152 million in settlements were reached, Mr. Andersen successfully secured their approval, despite objections filed to both the settlement terms and the plans of allocation. In 2023, he is working on the approval process for $580 million in settlements relating to allegations of antitrust violations in the stock-loan industry.
- Allstate Insurance Company
- BlackRock, Inc.
- BlueCrest Capital Management Ltd.
- Brevan Howard
- California State Teachers’ Retirement System
- Pacific Investment Management Company LLC
- Pension Reserves Investment Management Board of Massachusetts
- Prudential Insurance Company of America
- Susquehanna International Group, LLP
- Parmalat, SpA
- XTX Markets Ltd.
- Represents many of the world’s largest FX traders, such as PIMCO and BlackRock, who chose to “opt out” of large class-action settlements regarding the alleged rigging of benchmark rates and bid-ask spreads. Mr. Andersen has been a core team member from the outset, from informing these victims of their potential claims, to crafting the complaint and numerous substantive motions, to guiding the expert work.
- Represents XTX Markets Ltd., one of the world’s largest FX liquidity providers, on behalf of itself and a proposed class, in pursuing allegations that there was a conspiracy to rig the operation of an FX trading platform to steer business towards certain privileged insiders.
- Across multiple cases, represents various classes alleging certain banks conspired to distort the evolution of multiple marketplaces, including those for interest rate swaps, credit default swaps, U.S. Treasuries, and for the lending of stocks.
- Represents a class of investors alleging certain banks conspired to rig the prices of gold.
- Represents a class of investors alleging certain banks conspired to rig the ISDAfix benchmark interest rate.
- Represents Susquehanna, Prudential, and others in antitrust and fraud claims arising out of the rigging of the LIBOR benchmark interest rate, which was known as the “world’s most important number.”
- Represents a class of investors alleging certain banks conspired to rig the market for U.S. Treasuries.
- Represents a class of investors alleging certain banks conspired to rig bid-ask spreads for “SSA” bonds.
- Represented numerous clients—including Allstate, Prudential, and Susquehanna—in cases arising out of the 2008 financial crisis. This included being on the forefront of mortgage-backed securities litigation, drafting complaints and pleadings, and securing court orders, that paved the way for others to follow.
- Represented multiple clients in various efforts to secure documents in the United States to assist the prosecution of foreign actions, by way of 28 U.S.C § 1782.
- Antitrust & Competition
- Class Action Litigation
- Lender Liability & Other Banking Financial Institution Litigation
- Investment Fund Litigation
- Securities Litigation
- Structured Finance & Derivatives Litigation
- Representing Pension Funds, Other Managed Funds, and Government Agencies as Plaintiffs
- Hedge Fund Litigation
- Litigation Representing Plaintiffs
- Private Equity Fund Litigation
- Section 1782
- Harvard Law School
(J.D., cum laude, 2003)
- Arizona State University
(B.S., Accounting, 2000)
- The State Bar of California
- Legal 500 USA, Dispute Resolution: Securities Litigation: Defense, “Recommended Lawyers”, 2023
- Legal 500 USA, Dispute Resolution: Securities Litigation: Plaintiff, Next Generation Partner, 2021-2023
- Legal 500 USA, Dispute Resolution: Securities Litigation: Plaintiff, “Recommended Lawyers”, 2023
- Law360, Rising Star: Securities, 2016
- Daniel L. Brockett, Jeremy Andersen, and Nathan Goralnik, End of LIBOR Presents Litigation Risk for Dealmakers, Law 360 March 11, 2020
- Panelist, Managing and Preparing for LIBOR Transition: A Practical Guide, February 26, 2020
- Daniel L. Brockett and Jeremy D. Andersen, Pleading Common Law Fraud In the Second Circuit, New York Law Journal, September 27, 2012.
- Daniel L. Brockett, Jeremy Andersen, David Burnett, Implications of Statute-of-Limitations Rulings on Mortgage-Backed-Securities Cases, WESTLAW JOURNAL DERIVATIVES, August 3, 2012, at 3.