Quinn Emanuel has world renowned experience representing sophisticated hedge funds and fund managers in high stakes litigation. Our practice covers a broad spectrum of litigation matters that advance or defend the traditional and non-traditional investment strategies employed by our hedge fund clients. We are able to deploy our robust securities, general commercial, and corporate governance litigation practices in support of our clients’ needs. Many of our hedge fund clients also call upon our bankruptcy and restructuring expertise in connection with their investments in distressed companies, particularly where litigation plays an important role in protecting or increasing the value of their debt or equity investment.
Much of the work we do for hedge fund managers requires a deep understanding of complex investment structures and strategies. In litigation matters arising from long/short, special situation, macro, arbitrage, and other investment strategies, our extensive understanding of all aspects of corporate restructuring and modern corporate finance, combined with our broad experience litigating structured financial products and other investment vehicles, provides our clients with a distinct advantage. The degree to which our complex financial fluency can be combined with our courtroom skill is unrivaled by our peers.
Given the breadth of our experience, there is no knowledge gap when we take on the large transactional firms in this area. In fact, there is no firm in the world that can top our unique combination of litigation skill and substantive knowledge of the financial industry. We are also one of the very few top-tier global firms that is free to litigate against the large prime brokers and money center banks, such as Citibank, JPMorgan Chase, UBS, Merrill Lynch, Royal Bank of Scotland, Deutsche Bank, Credit Suisse, Barclays, HSBC, Bank of America, and Goldman Sachs. We also regularly represent asset managers against the “Big Four” accounting firms.
Because of our financial acumen and our credibility in the courtroom, we have been appointed lead counsel in virtually every major recent financial manipulation case – including those asserting manipulation in CDS markets, ISDAfix, gold pricing, Interest Rate Swaps, and sub-sovereign and agency bonds. Our track record provides opportunities for our clients to serve as lead plaintiffs if that is their preference. We also have a successful “opt out” practice for clients who prefer not to serve in a class leadership role. We know how to maximize recoveries for our clients.
At the same time, we are very successful at delivering outcomes that maximize value through calculated legal strategies and negotiated resolutions. In fact, while we are known for our trial experience, not all of our representations involve litigation. We also have a proven track record of successfully resolving sensitive partnership, valuation, and redemption disputes between fund managers and individual partners without the need for court filings and litigation.
We have a deep bench of white collar partners who are well-versed with the types of criminal and regulatory defense matters that hedge fund clients occasionally face. Over 25 of our partners were former federal prosecutors, with extensive experience representing funds and fund managers in government investigations and prosecutions around the globe. We have no traditional regulatory practice and as such are not beholden to any regulators. Regulators know we will take cases to trial if it is in our client’s interests, and we believe that gives our clients a distinct advantage in negotiations.
We are also uniquely situated to assist our hedge fund clients with litigation matters that arise overseas or have international aspects. We have major offices in key foreign jurisdictions that are versed in complex financial transactions and regularly handle litigation in those jurisdictions on behalf of hedge funds and other firm clients. For instance, we have offices in the United Kingdom, Hong Kong, Germany, and Australia (among other countries), each with lawyers experienced in complex business litigation. By not needing to outsource international problems or issues to other firms, we are also able to provide a level of continuity and client responsiveness for cross-border litigation that is unparalleled.
Finally, no business firm in the United States tries as many cases as we do. As far as we know, no firm in the United States has achieved our success. In the last two years alone, we have secured judgments and settlements in excess of $20 billion, including more than $3 billion for funds and fund managers. That said, a substantial amount of our work is defense-oriented, and we have successfully defended numerous asset managers against claims seeking many billions of dollars.