![]() ![]() Such matters can include, for example, shareholder class actions and derivative suits challenging the validity of disclosures and the appropriateness of transactions, as well as suits alleging insider trading, broker-dealer non-compliance, misrepresentations in financial reporting, and securities or other fraud. Counseling companies on the potential liability and risk they face for failing to comply with relevant laws and regulations also is an essential part of the financial litigator’s role.įinancial litigators generally have experience representing corporate and individual clients in a wide spectrum of matters involving the federal securities laws, and state corporate, consumer, securities and common laws, and bankruptcy proceedings. Banks and financial services institutions, many of which are public, must comply with - and can also easily be accused of violating - any number of laws, including federal and state securities laws, Dodd-Frank, the Bank Secrecy Act, the Patriot Act, Credit Card and Consumer Protection laws, Truth in Lending, Equal Credit Opportunity, Fair Credit Reporting Act, and Fair Debt Collection Practices Acts.īanks and financial institutions often become the targets of investigative or enforcement proceedings commenced by governmental entities, including the Securities And Exchange Commission, FINRA, Department of Justice, State AGs, Commodities Futures Trading Commission, FTC, Treasury Department, Consumer Financial Protection Bureau, OCC, and other regulators. However, because consumers and/or public shareholders are often involved, these industries are among the most highly regulated and scrutinized. Financial litigation involves civil, criminal, and/or administrative claims and investigations against entities and individuals which concern money and financial transactions, including banks (both commercial and investment), mortgage lenders, consumer finance companies, credit card companies, payment processing and multi-currency service firms, credit unions, brokerage firms, investments firms and funds, including hedge and private equity funds, and insurance companies, among others.īanking and finance litigation typically arises over specific loans, trades, transactions or financial products, or disputes and investigations concerning stock and commodities exchanges, pricing, disclosure, management, and servicing issues. ![]()
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