ProfessionalsElizabeth M. Sacksteder

Elizabeth M. Sacksteder
Partner
Tel: +1-212-373-3505
Fax: +1-212-492-0505
emailesacksteder@paulweiss.com
1285 Avenue of the Americas
New York,
NY
10019-6064
Fax: +1-212-492-0505
A partner in the Litigation Department, Elizabeth Sacksteder is a senior litigator with a broad range of experience in both private practice and senior in-house roles, and a particular concentration in financial services. She has handled major class action litigation involving antitrust, securities, commodities, consumer fraud, unfair trade practices and other claims; commercial litigation of all kinds; regulatory investigations and hearings; insurance and reinsurance disputes, both litigated and arbitrated; and adversary proceedings in bankruptcy.
EXPERIENCE
Liz has represented global banks in virtually every significant category of litigation and regulatory investigation arising out of the financial crisis, including mortgage-backed securities, auction-rate securities, alleged manipulation of LIBOR and other benchmarks, and the failures of Bear Stearns and Lehman Brothers. She has represented major life and property-casualty insurers in a wide array of matters, including big-ticket coverage and reinsurance litigation and arbitrations, regulatory investigations, policyholder class actions and asbestos bankruptcies. She has extensive experience in federal and state courts at the trial level and on appeal, as well as in a variety of arbitration fora, and has mediated and settled many major disputes. Having managed global litigation portfolios as the head of litigation at Citigroup Inc. and The Hartford Financial Services Group, Inc., Liz is especially mindful of the institutional pressures and concerns, including cost, disclosure, and reputational and regulatory risk, that litigation and investigations pose for her clients, and the importance of close partnership with the in-house team.
Liz’s most significant recent representations include:
- Achieving the dismissal, and affirmance on appeal, of novel policyholder and annuity-holder class action claims against AXA Equitable Life Insurance Company seeking the return of billions of dollars in premium;
- Successfully defending on appeal the dismissal of securities fraud claims against Bear Stearns;
- Representing a major global insurance group in the trial of a long-running asbestos-related reinsurance dispute, resulting in a favorable settlement after jury selection; and
- Representing global banks in regulatory investigations before the SEC, the CFTC, the DOJ, and other agencies, resulting in successful resolutions, including a declination.
Liz is the former Deputy General Counsel and Global Head of Litigation and Regulatory Investigations at Citigroup Inc., where she managed a 250-person worldwide litigation and investigative team and advised Citigroup and its board on every aspect of their litigation and regulatory exposures. During her tenure at Citigroup, she supervised multibillion-dollar litigations and high-stakes regulatory and criminal investigations, many involving multiple jurisdictions. Prior to joining Citigroup, Liz was the Deputy General Counsel and Director of Litigation at The Hartford Financial Services Group, Inc., where she was second in command in a 400-person law department. She was responsible for a 60-lawyer litigation group, all litigation and pre-litigation counseling involving the holding company and the group’s property-casualty, life and asset accumulation businesses, and supervision of the Reinsurance Law and Investment Law groups. Before joining The Hartford, Liz was a litigation partner in private practice representing clients in financial services, telecommunications, manufacturing, entertainment and other industries.
Liz is a member of the Commercial Division Advisory Council established in 2013 by then-Chief Judge Lippman to advise the Chief Judge on all matters pertaining to the Commercial Division of the New York State Supreme Court. She is an Adjunct Lecturer at Columbia Law School, most recently teaching Advanced Civil Procedure.
Liz is a recipient of the Arthur Liman Public Interest Award from the Legal Action Center (2012) and the Human Relations Award from the New York Lawyers Division of the Anti-Defamation League (2013). She serves as a member of the board of the Legal Action Center (2013-present), and she is a former court-appointed mediator for the U.S. District Court for the Southern District of New York. Recently, Crain’s New York Business recognized Liz as one of its “Notable Women in Law” for 2018. She was the Coordinating Articles Editor of the Yale Law Journal.
Related Resources
The Coming Transformation of the CFPB in the Biden Administration: What to Expect and How to Prepare
- Feb 01, 2021
- Publications
The Coming Transformation of the CFPB in the Biden Administration: What to Expect and How to Prepare
Our memorandum discusses the key issue areas that will likely see heightened Director of the Consumer Financial Protection Bureau (CFPB) activity, and we outline ways CFPB-regulated entities can prepare.
In Global First, the United Kingdom Moves Toward Mandatory Climate-related Disclosures by 2025
- Nov 25, 2020
- Publications
In Global First, the United Kingdom Moves Toward Mandatory Climate-related Disclosures by 2025
On November 9, 2020, the United Kingdom became the first country to move towards mandatory climate-related disclosures when it announced its intention to require such disclosures across seven key sectors of the UK economy.
A Harbinger of Things to Come? New York DFS Outlines Expectations for Regulated Entities on Financial Risks Arising from Climate Change
- Nov 13, 2020
- Publications
A Harbinger of Things to Come? New York DFS Outlines Expectations for Regulated Entities on Financial Risks Arising from Climate Change
The New York Department of Financial Services became the first U.S. regulator to publish expectations for regulated institutions related to climate change risk management.
Liz Sacksteder Principal Drafter of New Rule Requiring Hyperlinks in E-filed Documents Within New York’s Commercial Division
- Sep 29, 2020
- Publications
Liz Sacksteder Principal Drafter of New Rule Requiring Hyperlinks in E-filed Documents Within New York’s Commercial Division
The Commercial Division of the New York State Supreme Court will require the use of hyperlinks to cited docket entries in electronically filed documents under an administrative order adopted by the New York State Office of Court…
Signature Bank Wins Dismissal of Paycheck Protection Program Class Action
- Sep 21, 2020
- Client News
Signature Bank Wins Dismissal of Paycheck Protection Program Class Action
Paul, Weiss secured the dismissal with prejudice of a putative class action against Signature Bank seeking to recover “agent fees” for Paycheck Protection Program (PPP) loans under the federal Coronavirus Aid, Relief, and Economic…
Templar Energy Successfully Sold, Completing Chapter 11 Process
- Aug 03, 2020
- Client News
Templar Energy Successfully Sold, Completing Chapter 11 Process
Paul, Weiss advised Templar Energy LLC, an Oklahoma City-based, independent upstream oil and gas company, in the sale of substantially all of the company's assets to Presidio Investment Holdings LLC as part of Templar’s successful…
Templar Energy Files for Chapter 11
- Jun 01, 2020
- Client News
Templar Energy Files for Chapter 11
Paul, Weiss is advising Templar Energy LLC, an independent upstream oil and gas company, in its chapter 11 case, in the U.S. Bankruptcy Court for the District of Delaware.
NY DFS Files Enforcement Action against Opioid Manufacturer for Insurance Fraud
- May 01, 2020
- Publications
NY DFS Files Enforcement Action against Opioid Manufacturer for Insurance Fraud
On April 16, 2020, the New York Department of Financial Services (“DFS”) issued a Statement of Charges and Notice of Hearing against Irish pharmaceutical company Mallinckrodt plc and several of its U.S. subsidiaries (collectively,…
New York DFS Issues Emergency Regulation on Mortgage Forbearance and Certain Fees in Response to COVID-19 Pandemic
- Mar 25, 2020
- Publications
New York DFS Issues Emergency Regulation on Mortgage Forbearance and Certain Fees in Response to COVID-19 Pandemic
Under an emergency regulation issued by the NY Department of Financial Services, DFS-regulated banking organizations and mortgage servicers must grant a 90-day forbearance on residential mortgage payments for New York residents who…
Gov. Cuomo Requires New York-Regulated Banks to Grant Forbearances in Light of the COVID-19 Pandemic and Issues Related Directives to NY DFS
- Mar 23, 2020
- Publications
Gov. Cuomo Requires New York-Regulated Banks to Grant Forbearances in Light of the COVID-19 Pandemic and Issues Related Directives to NY DFS
N.Y. Gov. Andrew Cuomo has issued an executive order temporarily deeming the failure of a New York-regulated bank to grant a forbearance to an individual or business in certain circumstances an “unsafe and unsound” business practice.
UPDATE: Force Majeure Under the Coronavirus (COVID-19) Pandemic
- Mar 16, 2020
- Publications
UPDATE: Force Majeure Under the Coronavirus (COVID-19) Pandemic
The coming weeks and months are likely to bring many assertions of force majeure in response to COVID-19-related impacts. We provide an update on the most recent developments and their effect on parties’ ability to invoke force…
Force Majeure in the Wake of the Coronavirus (COVID-19)
- Mar 03, 2020
- Publications
Force Majeure in the Wake of the Coronavirus (COVID-19)
The coming months are likely to bring many assertions of force majeure—contract provisions that excuse a party’s nonperformance when “acts of God” or other extraordinary events prevent a party from fulfilling its contractual…
Wells Fargo Reaches Resolutions with DOJ and SEC for $3 Billion, Agrees to a Deferred Prosecution Agreement
- Feb 24, 2020
- Publications
Wells Fargo Reaches Resolutions with DOJ and SEC for $3 Billion, Agrees to a Deferred Prosecution Agreement
On February 21, 2020, Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A. (collectively, “Wells Fargo”), entered into resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (the…
Liz Sacksteder and Tony Joe Co-Author Law360 Article
- Jan 29, 2020
- Publications
Liz Sacksteder and Tony Joe Co-Author Law360 Article
Litigation partner Liz Sacksteder and associate Tony Joe published an article in Law360 as part of its “Expert Analysis” special series.
OCC Takes Unprecedented Enforcement Actions Against Eight Former Wells Fargo Executives
- Jan 28, 2020
- Publications
OCC Takes Unprecedented Enforcement Actions Against Eight Former Wells Fargo Executives
As the latest chapter in the aftermath of the Wells Fargo fake accounts scandal, the OCC announced enforcement actions against eight former Wells Fargo executives for their roles in the bank’s “systemic sales practices misconduct.”
Anti-Spoofing Enforcement: 2019 Year in Review
- Jan 28, 2020
- Publications
Anti-Spoofing Enforcement: 2019 Year in Review
2019 marked another unprecedented year in civil and criminal anti-spoofing enforcement.
Secretary Jeh Johnson, Former Attorney General Loretta Lynch, and Elizabeth Sacksteder to Speak at CLE Program at EQH on ABC’s of Impeachment
- Nov 25, 2019
- Events
Secretary Jeh Johnson, Former Attorney General Loretta Lynch, and Elizabeth Sacksteder to Speak at CLE Program at EQH on ABC’s of Impeachment
Litigation partners Jeh Johnson and Loretta Lynch will speak at a continuing legal education panel moderated by litigation partner Elizabeth Sacksteder for the EQH Law Department on the ABC’s of Impeachment.
Endemol Shine to Be Acquired by Banijay Group
- Oct 26, 2019
- Client News
Endemol Shine to Be Acquired by Banijay Group
Paul, Weiss is representing Endemol Shine Group and funds managed by affiliates of Apollo Global Management, Inc. in the acquisition of Endemol Shine, which is co-owned by The Walt Disney Company and the Apollo funds, by France-based…
Paul, Weiss Secures Parole Release for Pro Bono Client After 11 Denials
- Sep 16, 2019
- Client News
Paul, Weiss Secures Parole Release for Pro Bono Client After 11 Denials
After 44 years of incarceration and 11 parole denials, a Paul, Weiss pro bono client was granted parole release in a unanimous decision by the New York State Parole Board.
Paul, Weiss Client Successfully Challenges Parole Denial
- Jul 08, 2019
- Client News
Paul, Weiss Client Successfully Challenges Parole Denial
Paul, Weiss won an Article 78 challenge on behalf of a pro bono client.
U.S. Department of Labor Issues New Guidance Narrowing the Definition of Workers Qualifying Under the FLSA as Employees
- May 07, 2019
- Publications
U.S. Department of Labor Issues New Guidance Narrowing the Definition of Workers Qualifying Under the FLSA as Employees
In an April 29, 2019 opinion letter (FLSA2019-6) (“Letter”), the U.S. Department of Labor (“DOL”) issued new guidance on who qualifies as an employee for purposes of the Fair Labor Standards Act (“FLSA”).
Elizabeth Sacksteder to Participate in Corporate Litigation Forum for Financial Services and Insurance
- May 06, 2019
- Events
Elizabeth Sacksteder to Participate in Corporate Litigation Forum for Financial Services and Insurance
Litigation partner Elizabeth Sacksteder will moderate a panel, “Litigation Versus Arbitration: Which & When is Best?” at the Corporate Litigation Forum for Financial Services and Insurance, hosted by Consero.
Supreme Court Deals Another Blow to Availability of Class Arbitration
- May 03, 2019
- Publications
Supreme Court Deals Another Blow to Availability of Class Arbitration
On April 24, 2019, the Supreme Court issued a decision in Lamps Plus, Inc. v. Varela, holding that under the Federal Arbitration Act (“FAA”) class arbitration may not be compelled based on ambiguous contract language.
Pro Bono Client Granted Parole
- Mar 08, 2019
- Client News
Pro Bono Client Granted Parole
A Paul, Weiss pro bono client was granted parole after having served nearly 28 years in prison following her conviction for the felony murder of her husband.
Elizabeth Sacksteder Quoted in Corporate Counsel Article on Transitioning to an In-House Role
- Mar 02, 2019
- Publications
Elizabeth Sacksteder Quoted in Corporate Counsel Article on Transitioning to an In-House Role
Litigation partner Elizabeth Sacksteder was quoted in the March 2 Corporate Counsel article, “Going In-House: What Law Firm Partners Need to Understand.”
Paul, Weiss Noteholder Clients Now Majority Owners of Toys “R” Us Asian Operations
- Jan 30, 2019
- Client News
Paul, Weiss Noteholder Clients Now Majority Owners of Toys “R” Us Asian Operations
Paul, Weiss advised an ad hoc group of pre- and post-petition secured noteholders in connection with the chapter 11 cases of Toys “R” Us, Inc. and certain subsidiaries.
Anti-Spoofing Enforcement: 2018 Year in Review
- Jan 07, 2019
- Publications
Anti-Spoofing Enforcement: 2018 Year in Review
The past year brought a number of significant developments in anti-spoofing enforcement under the Commodity Exchange Act (“CEA”), beginning with the January 29, 2018 coordinated statements of the Commodity Futures Trading Commission…
IMG College and Learfield Complete Merger
- Dec 31, 2018
- Client News
IMG College and Learfield Complete Merger
In a deal bringing together two of sports’ largest multimedia rights and sponsorship businesses, Paul, Weiss represented IMG College, the collegiate division of Endeavor, in its merger with Learfield.
NY Commercial Division’s Rule on Technology-Assisted Review
- Oct 22, 2018
- Videos
NY Commercial Division’s Rule on Technology-Assisted Review
The New York Commercial Division’s new Rule 11-e(f), which encourages the use of Technology-Assisted Review (TAR) and sets relevant guidelines, went into effect on October 1, 2018. In this video, litigation partners Chris Boehning and …
New York State Issues Final Guidance on Sexual Harassment Prevention Policy and Training
- Oct 10, 2018
- Publications
New York State Issues Final Guidance on Sexual Harassment Prevention Policy and Training
On October 1, 2018, the New York State Department of Labor (the “DOL”), with the New York State Division of Human Rights, issued final guidance materials related to the State’s enhanced protections against workplace sexual harassment.
The Financial Crisis 10 Years Later: Lessons Learned
- Sep 15, 2018
- Publications
The Financial Crisis 10 Years Later: Lessons Learned
Ten years after the collapse of Lehman Brothers, market participants and other global companies operate in a markedly changed regulatory enforcement and compliance landscape. This memorandum discusses the legal and business…
New York State Issues Model Sexual Harassment Prevention Policy and Training Module
- Sep 05, 2018
- Publications
New York State Issues Model Sexual Harassment Prevention Policy and Training Module
New York’s Department of Labor and Division of Human Rights recently issued a draft model sexual harassment prevention policy and training module.
Elizabeth Sacksteder Helps Draft New Rule for New York Courts on Technology-Assisted Review
- Jul 29, 2018
- Publications
Elizabeth Sacksteder Helps Draft New Rule for New York Courts on Technology-Assisted Review
In her capacity as a member of the Commercial Division Advisory Council, litigation partner Elizabeth Sacksteder led an initiative to promulgate a new rule recently adopted by the New York State Supreme Court’s Commercial Division…
NY Commercial Division Backs Technology-Assisted Review
- Aug 01, 2018
- Publications
NY Commercial Division Backs Technology-Assisted Review
In a new rule providing guidance on technology-assisted review, the Commercial Division of the New York State Supreme Court encourages litigants to use the most efficient means to conduct review of electronic information. We discuss…
CFTC Issues Largest Ever Whistleblower Award and First Award to a Foreign Whistleblower
- Jul 30, 2018
- Publications
CFTC Issues Largest Ever Whistleblower Award and First Award to a Foreign Whistleblower
On July 12 and 16, 2018, the Commodity Futures Trading Commission (“CFTC” or “Commission”) announced two landmark awards to whistleblowers. The first was an award of approximately $30 million, by far the CFTC’s largest award to a…
The U.S. Supreme Court Issues Important Decision Finding Class Action Waivers in Employment Arbitration Agreements Enforceable
- May 24, 2018
- Publications
The U.S. Supreme Court Issues Important Decision Finding Class Action Waivers in Employment Arbitration Agreements Enforceable
On May 21, 2018, the United States Supreme Court, in a long-awaited decision, held that employment arbitration agreements with class action waivers requiring individual arbitration are enforceable under the Federal Arbitration Act…
New Anti-Sexual Harassment Measures in New York State and New York City
- May 10, 2018
- Publications
New Anti-Sexual Harassment Measures in New York State and New York City
On April 12, 2018, New York Governor Andrew Cuomo signed into law the state’s budget for fiscal year 2019, which contains a number of new measures that expand current state anti-sexual harassment protections.
Elizabeth Sacksteder to Participate in Conference on Measuring and Managing Litigation Risk
- Apr 27, 2018
- Events
Elizabeth Sacksteder to Participate in Conference on Measuring and Managing Litigation Risk
Litigation partner Elizabeth Sacksteder will speak on a panel at a conference titled “Evaluating Litigation Risk in the 21st Century,” sponsored by the University of Connecticut School of Law and the Insurance Law Center.
Second Circuit Holds That Sexual Orientation Discrimination Is Covered by Title VII
- Mar 08, 2018
- Publications
Second Circuit Holds That Sexual Orientation Discrimination Is Covered by Title VII
The Second Circuit recently ruled in an en banc decision that Title VII of the 1964 Civil Rights Act covers discrimination based on sexual orientation.
The Effect of the Tax Cuts and Jobs Act on Employer Settlements of Sexual Harassment Claims
- Jan 22, 2018
- Publications
The Effect of the Tax Cuts and Jobs Act on Employer Settlements of Sexual Harassment Claims
A little-publicized provision of the tax law enacted last month bars companies from deducting one type of settlement as a business expense: settlement payments and associated attorneys’ fees related to sexual harassment or abuse where …
Proactive Evaluation of Sexual Harassment Prevention Policies
- Jan 05, 2018
- Publications
Proactive Evaluation of Sexual Harassment Prevention Policies
Recent highly publicized instances of alleged sexual harassment and sexual assault in the workplace have caused many employers to re-evaluate their sexual harassment policies and procedures
CFPB Adopts a Ban on Arbitration Clauses that Prevent Class Action Litigation
- Jul 19, 2017
- Publications
CFPB Adopts a Ban on Arbitration Clauses that Prevent Class Action Litigation
In a sweeping new rule published today in the Federal Register, the CFPB barred providers of consumer financial products and services from entering into or enforcing contracts that include arbitration clauses precluding class action…
U.S. Supreme Court Rules That Class Action Tolling Does Not Apply to Statutes of Repose
- Jun 27, 2017
- Publications
U.S. Supreme Court Rules That Class Action Tolling Does Not Apply to Statutes of Repose
In a decision likely to have significant ramifications for federal securities litigation, the U.S. Supreme Court ruled on June 26 that the class action tolling doctrine established in American Pipe & Construction Co. v. Utah does…
Second Circuit Signals That a Bare Violation of a Disclosure Statute Will Not Confer Standing
- Mar 28, 2017
- Publications
Second Circuit Signals That a Bare Violation of a Disclosure Statute Will Not Confer Standing
In a February 23, 2017 summary decision in Ross v. AXA Equitable Life Insurance Company and three companion cases heard in tandem, the United States Court of Appeals for the Second Circuit affirmed the dismissals of putative class…
AXA Equitable Achieves Second Circuit Affirmance of Dismissal of Captive Reinsurance Claims
- Feb 23, 2017
- Client News
AXA Equitable Achieves Second Circuit Affirmance of Dismissal of Captive Reinsurance Claims
Eight days after oral argument, a three-judge panel of the Second Circuit issued a summary order affirming dismissals of all claims against Paul, Weiss client AXA Equitable Life Insurance Company in two cases before Southern District…
Client Alert: U.S. Supreme Court To Review Ruling That Class Action Tolling Does Not Apply to Statutes of Repose
- Jan 17, 2017
- Publications
Client Alert: U.S. Supreme Court To Review Ruling That Class Action Tolling Does Not Apply to Statutes of Repose
On January 13, 2017, the U.S. Supreme Court agreed to review a decision from the U.S. Court of Appeals for the Second Circuit holding that the class action tolling doctrine established in American Pipe & Construction Co. v.…
The CFPB Issues Guidance on Effective Compliance Oversight Over Sales and Other Incentives
- Dec 01, 2016
- Publications
The CFPB Issues Guidance on Effective Compliance Oversight Over Sales and Other Incentives
The Consumer Financial Protection Bureau recently published a bulletin outlining a demanding compliance standard for companies that use incentive programs as part of employees' compensation arrangements. In light of the bulletin and…
Litigation Partners Co-Author Article on the D.C. Circuit’s Decision on CFPB’s Constitutionality
- Oct 31, 2016
- Publications
Litigation Partners Co-Author Article on the D.C. Circuit’s Decision on CFPB’s Constitutionality
Firm chair Brad Karp and litigation partners Roberto Gonzalez, Susanna Buergel, Jane O'Brien and Elizabeth Sacksteder co-authored an article entitled, "D.C. Circuit Finds Single-Director Structure of the CFPB Unconstitutional."
Client Alert: Federal Banking Agencies Issue Advanced Notice of Proposed Rulemaking on Enhanced Cybersecurity Standards
- Oct 21, 2016
- Publications
Client Alert: Federal Banking Agencies Issue Advanced Notice of Proposed Rulemaking on Enhanced Cybersecurity Standards
On October 19, the Federal Reserve Board ("Board"), the Federal Deposit Insurance Corporation ("FDIC"), and the Office of the Comptroller of the Currency ("OCC") jointly issued an advanced notice of proposed rulemaking ("ANPR")…
Client Alert: D.C. Circuit Rules the Single-Director Structure of the CFPB Is Unconstitutional
- Oct 13, 2016
- Publications
Client Alert: D.C. Circuit Rules the Single-Director Structure of the CFPB Is Unconstitutional
On October 11, 2016, the D.C. Circuit Court of Appeals held in PHH Corp. v. CFPB that the structure of the Consumer Financial Protection Bureau ("CFPB") as an independent agency headed by a single Director violated Article II of the…
New Commercial Division Rule Allows Direct Testimony by Affidavit in Bench Trial
- Oct 04, 2016
- Client News
New Commercial Division Rule Allows Direct Testimony by Affidavit in Bench Trial
A new Rule of Practice for the Commercial Division of the New York State Supreme Court is going into effect. The new Rule 32-a permits judges in the Commercial Division to require that direct testimony of a witness under a party's…
Client Alert: New York DFS Proposes New Rules on Cybersecurity
- Sep 15, 2016
- Publications
Client Alert: New York DFS Proposes New Rules on Cybersecurity
On Tuesday, the New York Department of Financial Services ("DFS") proposed new rules that would require covered financial institutions to establish and maintain cybersecurity programs designed to protect consumers and the…
New York DFS Finalizes Stringent Anti-Money Laundering and Sanctions Regulation
- Jul 01, 2016
- Publications
New York DFS Finalizes Stringent Anti-Money Laundering and Sanctions Regulation
Following Maria Vullo's confirmation as Superintendent earlier this month, the New York Department of Financial Services ("DFS") yesterday finalized its closely watched proposed regulation on anti-money laundering (AML) monitoring and …
Client Alert: United States Recommends That the Supreme Court Deny Review in Midland Funding v. Madden
- May 26, 2016
- Publications
Client Alert: United States Recommends That the Supreme Court Deny Review in Midland Funding v. Madden
In its decision last year in Madden v. Midland Funding, LLC, the Second Circuit held that, after a national bank sells its loans to a third party, the National Bank Act no longer preempts state usury laws that would otherwise…
Litigation Partners Contribute Article on CFPB Arbitration Proposal to Harvard Law School Forum on Corporate Governance and Financial Regulation
- May 24, 2016
- Publications
Litigation Partners Contribute Article on CFPB Arbitration Proposal to Harvard Law School Forum on Corporate Governance and Financial Regulation
Firm chair Brad Karp and litigation partners Roberto Gonzalez, Elizabeth Sacksteder, Jay Cohen and Jane O'Brien co-authored a client memorandum that was featured on the Harvard Law School Forum on Corporate Governance and…
Client Alert: CFPB Proposes a Ban on Arbitration Clauses That Prevent Class Action Litigation
- May 09, 2016
- Publications
Client Alert: CFPB Proposes a Ban on Arbitration Clauses That Prevent Class Action Litigation
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) released a 377-page notice of proposed rulemaking that would prohibit, going forward, banks and a variety of other companies from including in contracts arbitration…
Client Alert: Financial Regulators Propose Incentive Compensation Rules under Dodd-Frank
- Apr 27, 2016
- Publications
Client Alert: Financial Regulators Propose Incentive Compensation Rules under Dodd-Frank
On April 21, 2016, the Securities and Exchange Commission, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing…
Client Alert: Resistance Is Not Always Futile: The D.C. District Court Deals FSOC a Significant Blow by Rescinding MetLife’s Designation
- Apr 11, 2016
- Publications
Client Alert: Resistance Is Not Always Futile: The D.C. District Court Deals FSOC a Significant Blow by Rescinding MetLife’s Designation
On March 30, the D.C. District Court issued an order rescinding the Financial Stability Oversight Council's (FSOC's) designation of MetLife, Inc., as a systemically important nonbank financial company. The Court's opinion was…
Client Alert: The CFPB Enters the Cybersecurity Arena with Its First Enforcement Action
- Mar 04, 2016
- Publications
Client Alert: The CFPB Enters the Cybersecurity Arena with Its First Enforcement Action
On March 2, the Consumer Financial Protection Bureau entered an enforcement order against online payment platform Dwolla, Inc. for deceiving consumers about its data security practices and the safety of its online payment system.
…Client Alert: New Federal Guidance on the Cybersecurity Information Sharing Act of 2015: What General Counsel Need to Know
- Feb 23, 2016
- Publications
Client Alert: New Federal Guidance on the Cybersecurity Information Sharing Act of 2015: What General Counsel Need to Know
The Cybersecurity Information Sharing Act of 2015 ("CISA") was signed into law on December 18, 2015. The law authorizes companies to monitor and implement defensive measures on their own information systems to counter cyber…
Elizabeth Sacksteder to Speak at Directors Roundtable Event
- Jan 06, 2016
- Events
Elizabeth Sacksteder to Speak at Directors Roundtable Event
Litigation partner Elizabeth Sacksteder participated in a panel discussion at a Directors Roundtable event honoring Joseph Wayland, general counsel of ACE Group.
Cybersecurity Update: Heightened Concerns, Legal and Regulatory Framework, Enforcement Priorities, and Key Steps to Limit Legal and Business Risks
- Sep 30, 2015
- Publications
Cybersecurity Update: Heightened Concerns, Legal and Regulatory Framework, Enforcement Priorities, and Key Steps to Limit Legal and Business Risks
Recently reported cyber incidents have impacted millions of people and exposed the increased and continuing risks for businesses and government agencies.
Elizabeth Sacksteder to Speak at REIT Wise Conference
- Mar 31, 2015
- Events
Elizabeth Sacksteder to Speak at REIT Wise Conference
Litigation partner Elizabeth Sacksteder will participate in a panel discussion at the National Association of Real Estate Investment Trusts' (NAREIT) annual REIT Wise conference on law, accounting and finance. Elizabeth's panel,…
Paul, Weiss Hosts Seminar Series on U.S. Legal Developments Affecting Canadian Companies
- Jan 22, 2015
- Events
Paul, Weiss Hosts Seminar Series on U.S. Legal Developments Affecting Canadian Companies
Corporate partners Christopher Cummings, Andrew Foley, Adam Givertz and Ted Maynard and litigation partners Susanna Buergel and Elizabeth Sacksteder participated in Paul, Weiss's …
Elizabeth Sacksteder to Participate in General Counsel Forum
- Nov 06, 2014
- Events
Elizabeth Sacksteder to Participate in General Counsel Forum
Litigation partner Elizabeth Sacksteder participated in a panel discussion as part of the New York Stock Exchange's General Counsel Forum. Liz's panel, titled "Looking Ahead: Governance, Risk and Compliance in 2015," gave…
Client Alert: New York’s Highest Court Affirms the Continued Vitality — for Now — of the “Separate Entity” Rule for Banks
- Oct 31, 2014
- Publications
Client Alert: New York’s Highest Court Affirms the Continued Vitality — for Now — of the “Separate Entity” Rule for Banks
In a decision of great interest to international banks and judgment creditors, New York's highest court ruled that the "separate entity" doctrine - a common-law rule that prevents a judgment creditor from compelling a garnishee…
Paul, Weiss Adds Prominent Litigation Partner
- Jul 28, 2014
- Firm News
Paul, Weiss Adds Prominent Litigation Partner
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Elizabeth M. Sacksteder has joined the firm as a partner in its litigation department, resident in New York, where she will focus on complex litigation and…
Awards & Recognition
Paul, Weiss Partners Receive Law360 Distinguished Writing Award
- Feb 26, 2019
- Awards
Paul, Weiss Partners Receive Law360 Distinguished Writing Award
Firm chairman Brad Karp, corporate partner Mark Bergman and litigation partners Susanna Buergel, Roberto Gonzalez, Jane O’Brien and Elizabeth Sacksteder have been selected to receive the Law360 Distinguished Writing Award at the 2019…
Susanna Buergel and Elizabeth Sacksteder Named Notable Women in Law by Crain’s New York Business
- Jan 03, 2019
- Awards
Susanna Buergel and Elizabeth Sacksteder Named Notable Women in Law by Crain’s New York Business
Litigation partners Susanna Buergel and Liz Sacksteder were recognized by Crain’s New York Business as 2019 “Notable Women in Law.”