Overview
Our litigators have successfully represented leading hedge funds and other financial institutions in litigation against many of the world’s largest investment and commercial banks, such as Citigroup, Bank of America, Deutsche Bank, Wachovia, UBS, and others. The matters have resulted in billions of dollars in settlements and recoveries for the firm’s clients. In many of these cutting-edge disputes, we demonstrated to institutional investors the value of pursuing actions separate from related class actions to maximize recoveries. McKool Smith is also one of only a few to successfully secure a jury verdict for securities fraud based on an investment fund’s secondary market securities purchases after an issuer announced poor financial results.
McKool Smith lawyers also have extensive experience litigating claims involving RMBS, CMBS, and other structured products, including claims for breach of representation and warranty, common-law fraud, and violation of state and federal securities laws. We were successfully handling “put-back” cases on behalf of investors and securitization trustees long before the financial crisis; after the crisis hit, we formed a nationwide mortgage-backed securities task force consisting of trial lawyers across offices in New York, Dallas, Houston, and Los Angeles to harness this experience and pursue recoveries for investors. Since then, our litigators have assessed, developed, and prosecuted claims on behalf of some of the largest RMBS investors in the world.
Our litigators also have experience handling state “blue sky” law claims, Section 10(b), Rule 10b-5, and other federal claims, as well as class and non-class actions and derivative actions.