Jeremy 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.
He is now a long-running, core member of multiple Quinn Emanuel teams where the firm was appointed lead or co-lead counsel in antitrust cases. His cases also often involve pursuit of fraud, Commodity Exchange Act, and securities claims. 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. Three of his recent antitrust matters each resulted in over $100 million in recoveries, and a fourth recovered $95.5 million. Overall, he has helped victims recover over $3 billion.
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. And when class settlement agreements are reached, he guides the case through the approval process, crafting plans of allocation, defeating objections, and handling the fairness hearings. In all of these tasks, he 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.
By way of example, in a class action involving manipulation of the ISDAfix interest-rate benchmark, he was responsible for creating the narrative surrounding our firm’s industry-leading development of statistical models that found abnormalities in the daily setting of the benchmark rate, before the government had even acted. He then had primary responsibility for the expert materials developing a groundbreaking model for measuring damages—one keyed off a theory that manipulative trades permanently impact prices—that was the foundation for the request to certify the class. And after those efforts directly led to over $500 million in settlements, he was the main architect and defender of a multi-pronged plan of how to distribute those 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. He successfully brought that case through the pleading stage. And then after $152 million in settlements were reached, he successfully secured their approval, despite objections filed to both the settlement terms and the plans of allocation.
- 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 United States, Dispute Resolution: Securities Litigation: Plaintiff,Next Generation Partner, 2022, 2021
- 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.