Securities: Litigation: Mainly Plaintiff
USA Guide 2024 : USA - Nationwide
Band 3
Email address
[email protected]Contact number
212 390 9000About
Provided by Selendy Gay PLLC
Selendy Gay's experience includes representing both defendants and plaintiffs in securities and structured finance litigation. Our attorneys are responsible for a string of the largest residential mortgage-backed securities (RMBS) recoveries for trustees in US history.
Our team has recovered more than US$46 billion for plaintiffs. Our practice has litigated to verdict or settlement many of the highest-stakes cases in the history of the securities field, establishing key precedents and winning landmark victories that include recoveries in excess of 100% of principal and market losses. On the defense side, we frequently succeed in having claims dismissed early on in negotiating favorable resolutions for clients.
The firm's mastery in structured finance and related insurance matters includes mortgage-backed obligations, synthetic and asset-backed collateralized debt obligations, credit-default swaps, credit-linked notes, financial guaranty insurance, reinsurance, and other complex financial structures.
Selendy Gay’s partners also work closely with private equity and hedge funds to overcome the recurring litigation risks that funds face across industry sectors, and to capitalize on opportunities where litigation drives an investment’s value.
Chambers Review
Selendy Gay is a strong performer in a host of securities, business torts and antitrust-related litigation. The team offers considerable prowess acting for institutional investors and banks on the plaintiff side of disputes concerning financial products.
Philippe Selendy is a key contact in the practice and is based in New York.
Work Highlights
- Selendy Gay secured an $855 million judgment in the New York Supreme Court for Cerberus Capital in a breach of contract case against Canadian Imperial Bank of Commerce regarding loans Cerberus provided to CIBC during the 2008 financial crash, which CIBC did not repay.
Strengths
Provided by Chambers
"They have a really good bench with really smart and motivated attorneys."
"Strategically, Selendy put us in the best position possible to argue our case and position ourselves for settlement."
"They have a really good bench with really smart and motivated attorneys."
"Strategically, Selendy put us in the best position possible to argue our case and position ourselves for settlement."