Securities: Institutional Plaintiffs: Mainly RMBS Litigation
USA Guide 2024 : New York
Band 1
Email address
[email protected]Contact number
+1 212 336 2000Chambers Review
Patterson Belknap Webb & Tyler is a go-to RMBS litigation practice that remains a top choice for institutional plaintiffs. The firm regularly acts for monoline insurers in high-value actions brought against financial institutions, with a strong track record of securing multimillion-dollar settlements. It leverages notable expertise in corporate and real estate matters when advising on securities disputes.
Work Highlights
- Patterson Belknap represented Ambac in litigation against US Bank as RMBS trustee, alleging that an Event of Default occurred on the trusts, subjecting US Bank to heightened duties and that it breached those duties by failing to pursue litigation on the trusts' behalf against the entity that originated the loans and attested to their quality and characteristics.
Strengths
Provided by Chambers
"The firm provides an unsurpassed combination of substantive knowledge, writing ability, creativity, responsiveness, and understanding of client objectives."
"The team has knowledge and networks across disciplines and utilizes them seamlessly."
"They provide excellent advice and manage truly complex commercial litigation. They are extremely responsive and never disappoint."
"The firm provides an unsurpassed combination of substantive knowledge, writing ability, creativity, responsiveness, and understanding of client objectives."
"The team has knowledge and networks across disciplines and utilizes them seamlessly."
"They provide excellent advice and manage truly complex commercial litigation. They are extremely responsive and never disappoint."
Notable Practitioners
Alexander Shapiro cochairs the structured finance litigation practice at Patterson Belknap Webb & Tyler LLP. He acts for a broad client base encompassing insurance companies, hedge funds and other institutional investors in litigation involving RMBS and other transactions.
"He is thoughtful, creative and responsive to client questions."
Peter Tomlinson handles a range of RMBS and complex financial product litigation, acting for a number of major bond insurers as well as institutional investors. He cochairs the firm and the structured finance litigation practice.
"Peter provides service of the highest caliber. He is a strong advocate and excellent adviser."
Stephanie Teplin represents financial guarantors, hedge funds and other institutional investors in claims for fraud, breach of contract and fiduciary duty arising from RMBS and other securities-related transactions.
"Stephanie is incredibly smart, well organized and well prepared. I am so impressed with her and her ability."
"She is unflappable."
Ranked Lawyers at
Patterson Belknap Webb & Tyler LLP
New York