Arnold & Porter has a comprehensive financial services litigation and arbitration offering and specializes in class action matters. The team has extensive experience representing clients in antitrust claims, securities litigation, and regulatory enforcement proceedings. Leading the group are Veronica Callahan and James Herschlein, based in New York, alongside David Freeman and Kenneth Chernof, based in Washington DC. Callahan has particular expertise in securities enforcement and litigation, and represents a range of clients including both public and private companies, asset managers, financial institutions, and accounting firms. Freeman advises banks, investment management firms, and broker-dealers on compliance matters. Another notable name in the practice is Aaron Miner, based in New York, who is known for his work representing clients in securities and financial transactions, as well as his experience in white collar investigations. The group also benefits from the expertise of Kathleen Reilly who has amassed experience defending clients in regulatory enforcement matters and investigations. The firm has notably hired twelve attorneys, most of whom were previously at Shook, Hardy & Bacon LLP.

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Key clients

  • Bessemer Trust
  • FirstEnergy Corp.
  • Jefferies
  • Special Committee of the Board of Directors of Western Union Co.
  • Charles Schwab
  • RSM US
  • The Depository Trust & Clearing Company
  • American International Group, Inc.
  • York Capital Management
  • New York Community Bancorp, Inc.
  • Sterling Bank & Trust
  • Stifel Trust Company
  • CNL Financial
  • Capital Plus Financial
  • Broadway Financial Corp.
  • PJ Solomon
  • StoneCastle Partners
  • The Motley Fool
  • Visa

Work highlights

  • Representing Sterling Bank and its bank holding company in investigations by the OCC, DOJ, and SEC.
  • Representing Visa in class actions challenging interchange fees and ATM access fees.
  • Representing National Union and Illinois National in litigations arising out of CBS’s acquisition of Viacom.

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Veronica E. Callahan, David Freeman, Kenneth Chernof, James Herschlein

Other key lawyers

Aaron Miner, Kathleen Reilly