Financial Services and Securities Litigation
Allen & Overy’s market-leading Financial Services and Securities Litigation practice acts for some of the world’s leading financial institutions and financial services companies on complex, high-stakes contentious issues.
Whether working on cases involving mergers and acquisitions, commercial contracts, securities or insolvency, our specialist litigators take a practical and commercial approach to resolving disputes as efficiently and effectively as possible.
We provide first-rate sector, product and transaction knowledge aligned with our pre-eminent global finance practice, drawing on our unrivalled banking, capital markets and derivatives practices in the world’s main financial hubs.
Our dedicated Financial Services and Securities litigation team works closely with our transactional specialists to give clients an edge in disputes, and this regular collaboration allows us to identify and pre-empt regulatory and sector trends in order to protect clients from future business risks. We act for market leading investment banks, asset managers, hedge funds, private banks and retail banks.
Our work includes:
- Acting for BNP Paribas in class action litigation in the U.S. District Court in the Southern District of New York, involving claims that some of the biggest banks in the world manipulated the global foreign exchange (FX) market.
- Acting for an American investment bank in U.S. litigation in which we won dismissal of RICO and common law claims arising from the institution’s provision of banking services to the Bernard L. Madoff firm.
- Advising an executive of a global financial institution on defending fraud allegations related to subprime mortgages before the SEC and U.S. Senate committee.
- Acting for four banks in successfully defending against misrepresentation claims brought by Marme Inversiones regarding the EURIBOR benchmark, seeking to rescind interest rate swaps or recover damages in excess of EUR996 million.
News & insights
Publications: 26 OCTOBER 2020
On October 15, 2020, the U.S. Commodity Futures Trading Commission (“CFTC” or “Commission”) voted to approve a final rule on position limits for commodity derivatives (“Final Rule”).Read more
Publications: 14 SEPTEMBER 2020
With the recent Order of 31 August 2020 n. 18153, the Court of Cassation confirmed its precedents, which impose strict compliance with disclosure obligations by intermediaries for investments occurred…Read more
Publications: 10 AUGUST 2020
Marex Financial Ltd v Sevilleja  UKSC 31, 15 July 2020 The Supreme Court has significantly narrowed the scope of the rule against the recovery of “reflective loss”. The rule now only applies to…Read more
Publications: 24 JUNE 2020
The High Court rejected a defendant’s application to vary an order for standard disclosure, notwithstanding that such disclosure would have exposed the defendant to a breach of its regulator’s…Read more
The quality and thoroughness of the advice and guidance has been exemplary and has given me a great deal of confidence in acting based on that advice and support.
Chambers UK 2020, Financial Services, Contentious Regulatory
Our experience with them is first class,"a source reports, adding: "The team do a fantastic job in explaining situations and their complexities.
Chambers UK 2020, Banking Litigation
Strong multijurisdictional capabilities complement its extensive regulatory practice, which includes a significant focus on financial services disputes.
Chambers New York 2018, Litigation: General: Highly Regarded