Quinn Emanuel has a world-class practice representing investment advisors and asset managers such as PIMCO, Schwab, Vanguard, Prudential, BlackRock, Western Asset Management Co., and others in high-stakes litigation around the globe. This includes litigation arising from opt-out opportunities in class actions; financial manipulation cases; distressed investment scenarios, including insolvency and restructuring; allegations of improper fund management or inadequate disclosures; alleged securities laws violations; and other complex financial disputes.
Much of the work we do for asset managers requires a deep understanding of complex structured financial products, credit agreements, derivatives, risk allocation, and the capital markets. Given the breadth of our experience, there is no knowledge gap when we take on the large transactional firms in this area. In fact, there is no firm in the world that can top our unique combination of litigation skill and substantive knowledge of the financial industry.
We are one of the very few top-tier global firms that is free to litigate against the large prime brokers and money center banks, such as Citibank, JPMorgan Chase, UBS, Merrill Lynch, Royal Bank of Scotland, Deutsche Bank, Credit Suisse, Barclays, HSBC, Bank of America, and Goldman Sachs. We also regularly represent asset managers against the “Big Four” accounting firms.
Because of our financial acumen and credibility in the courtroom, we have been appointed lead counsel in virtually every major recent financial manipulation case—including those asserting manipulation in CDS markets, ISDAfix, gold pricing, Interest Rate Swaps, and sub-sovereign and agency bonds. Our track record provides opportunities for our clients to serve as lead plaintiffs if that is their preference. We also have a successful “opt out” practice for clients who prefer not to serve in a class leadership role. We know how to maximize recoveries for our clients.
Not all of our representations involve litigation. We have a track record of successfully resolving partnership, valuation, and redemption disputes between fund managers and individual partners.
We have a deep bench of white collar partners, over 25 of whom were former federal prosecutors, with extensive experience representing funds and fund managers in government investigations and prosecutions around the globe. We have no traditional regulatory practice and are not beholden to any regulator. Regulators know we will take cases to trial if it is in our client’s interests, and we believe that gives our clients a distinct advantage in negotiations.
Finally, no business firm in the United States tries as many cases as we do. As far as we know, no firm in the United States has achieved our success. In the wake of the mortgage crisis, we secured judgments and settlements in excess of $20 billion for our clients, including more than $3 billion for funds and fund managers. That said, a substantial amount of our work involves defense, and we have successfully defended numerous asset managers against claims seeking many billions of dollars.