Cahill Gordon & Reindel LLP in New York enjoys a successful record, with veteran litigator Herbert Washer as chairman of the firm and David Januszewksi head of the overall litigation practice among the key senior names. Up-and-coming partners Jason Hall and Sheila Ramesh have taken the reins of the securities litigation practice, which continues to build on its track record of success in high-value cases primarily regarding the financial services sector. A prime example is the firm’s long-awaited victory for key client Credit Suisse in litigation relating to alleged manipulation of the global foreign exchange markets, which included a securities class action. To put this win in context, 15 other financial institutions chose to settle similar claims, with Credit Suisse the only one to fight class certification. Ramesh and Januszewski recently handled a three-week jury trial in Miami federal court concerning a $150m Ponzi scheme that was perpetuated by wrongdoers unrelated to the bank who utilized multiple SPVs in the Cayman Islands.
Key clients
- China International Capital Corporation Hong Kong Securities
- Haitong International Securities Company
Work highlights
- Represented Credit Suisse and its subsidiaries in all U.S. litigation relating to alleged manipulation of the global foreign exchange (FX) markets, including class action litigation in New York federal court. After two days of deliberations, the jury returned a verdict that gave Credit Suisse a complete and unequivocal victory.
- Representing the underwriters of Chinese digital financial services platform 9F’s August 2019 IPO, in two putative class actions.