Financial Services Litigation & Investigations Group
Financial Services Litigation & Investigations Group
In the face of turmoil and uncertainty, the world's major financial institutions continue to choose our team to help them manage their business, litigation and reputational risks and thrive in the new economic and regulatory climate. To our clients we are much more than litigators - we are business partners who have a stake in their success.
Events
Brad Karp and Susanna Buergel Speak at SIFMA Seminar
Firm Chairman Brad Karp and litigation partner Susanna Buergel participated in the Securities Industry and Financial Markets Association’s (SIFMA) 2024 Compliance & Legal Seminar.
» moreClient News
JPMorgan Chase Directors Win Dismissal of Breach of Fiduciary Duty Claims Over Alleged Zelle Payments Fraud
Paul, Weiss won the dismissal of a derivative claim alleging that our clients breached their fiduciary duties by ignoring alleged “red flags” regarding purported violations on the Zelle payments platform of the Electronic Fund Transfer Act (EFTA) and related regulations.
» moreClient News
Paul, Weiss Achieves Landmark Settlement for Mastercard in Long-Running Antitrust Class Action Over Payment Card Fees
As reported by The New York Times, The Wall Street Journal and many other news media, Mastercard announced a landmark settlement with a nationwide class of merchants that resolves a major antitrust class action challenging the transaction fees associated with Mastercard and Visa payment cards.
» moreAwards & Recognition
Paul, Weiss Partners Recognized by The American Lawyer for Citigroup, Goldman Sachs Win
Litigation partners Ken Gallo, Roberto Gonzalez, Bob Sperling and Staci Yablon were recognized by The American Lawyer on December 22 for securing, on behalf of clients Citigroup and Goldman Sachs, the denial of class certification in multidistrict litigation related to interest rate swap trading.
» moreEvents
Katherine Forrest to Discuss Banking in the Age of AI at International Monetary Conference
Digital Technologies Group Co-Chair Katherine Forrest will participate in a panel, “Beyond Digital: Banking in the Age of AI,” as part of the 2023 International Monetary Conference.
» moreClient News
Goldman Sachs Securities Class Action Plaintiffs Drop Long-Running Case Following Class Decertification
Paul, Weiss secured a final win for Goldman Sachs in a long-running, $13 billion securities class action when the plaintiffs declined a last chance to appeal Goldman’s resounding appellate win decertifying the class and voluntarily dismissed their case, bringing a decade of hard-fought litigation to a close.
» moreAwards & Recognition
Paul, Weiss Recognized by Law360 for Win in Decade-Long Goldman Sachs Investor Class Action
Litigation partners Kannon Shanmugam and Audra Soloway were recognized in Law360’s “Legal Lions of the Week” column on August 11, alongside co-counsel from Sullivan & Cromwell, for their Second Circuit win in a decade-long investor class action against Goldman Sachs.
» morePublications
Brad Karp and Roberto Gonzalez Publish Op-Ed in American Banker on CFPB’s Late-Fee Proposal
Firm Chairman Brad Karp and litigation partner Roberto Gonzalez co-wrote an op-ed arguing that the Consumer Financial Protection Bureau’s proposed rule to dramatically decrease credit card issuers' charges for late fees would actually increase overall costs for the large majority of credit card customers.
» morePublications
Second Circuit Confirms That Syndicated Bank Loan Is Not a “Security”
In a highly anticipated decision on August 24, the Second Circuit in Kirschner v. JPMorgan Chase Bank, N.A. et al. affirmed dismissal of state-law securities claims because the syndicated term loan in question was not a “security” and therefore not subject to state and federal securities laws and regulations.
» moreAwards & Recognition
Paul, Weiss Shortlisted for Financial Services Litigation Department of the Year in The American Lawyer’s Industry Awards 2023
Paul, Weiss was named a finalist for “Litigation Department of the Year – Financial Services” in The American Lawyer’s 2023 Industry Awards.
» moreAwards & Recognition
Paul, Weiss Recognized as 2022 “Banking Group of the Year” By Law360
Paul, Weiss was named a Law360 “Banking Group of the Year” for its many achievements in the banking industry in 2022.
» moreFirm News
Paul, Weiss Submits Comment Letter on CFPB’s Credit Card Late Fee Rulemaking
Paul, Weiss submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on the agency’s proposed rule on credit card late fees.
» moreEvents
Jessica Carey to Discuss Financial Institutions Enforcement at Cambridge Forums Event
Litigation partner Jessica Carey will participate in the Forum on Financial Institutions Enforcement, hosted by Cambridge Forums.
» moreClient News
JPMorgan Wins Dismissal of Financial Spoofing Lawsuit
Paul, Weiss and co-defendants’ counsel won the dismissal of a shareholder derivative lawsuit against JPMorgan Chase, certain executive officers and its board of directors stemming from the bank’s 2020 resolutions with various regulators over various financial “spoofing” trading violations.
» moreClient News
Paul, Weiss Wins Dismissal of Class Action Against Morgan Stanley Alleging Scheme to Reduce Competition in Treasury Securities Market
Paul, Weiss achieved a significant victory for Morgan Stanley by securing the dismissal of all claims in an antitrust class action.
» more