Financial Services/Class Action

Stroock is a nationwide leader in the representation of financial institutions and financial services companies in both litigation and regulatory and compliance matters. Our clients include the full range of financial services companies, including commercial and consumer banks, residential lenders, automobile lending and leasing companies, credit card issuers, investment banks and insurance companies.  We have litigated virtually all aspects of the financial services business, including matters regarding lending and servicing, retail banking, unfair practices, insolvency and federal and state regulatory compliance.  In particular, we have achieved prominence in the defense and settlement of the consumer class actions routinely brought against financial services companies.  Our litigators have defended and settled, including through innovative settlement structures, hundreds of such actions within the past few years alone, addressing a wide range of class action-related issues.  We have argued twice to the California Supreme Court as lead counsel on issues of critical concern in connection with the defense of class actions - Washington Mutual v. Superior Court (Briseno) and Discover Bank v. Superior Court (Boehr) - and routinely appear before federal and state appellate courts around the country.  Our clients include the nation’s top financial companies, including American ExpressCitigroupDiscover, JPMorgan Chase, HSBC and TransUnion.
 
Our group also has extensive experience in representing financial institutions, and their officers, directors, and employees, in administrative and judicial enforcement actions brought by the various state and federal financial institutions’ regulatory agencies, including state Attorneys General, the Department of Justice, the Consumer Financial Protection Bureau, the Federal Reserve Board, Financial Industry Regulatory Authority (FINRA), the Federal Department Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the U.S. Securities and Exchange Commission (SEC).  Drawing on our unique resources, we have played a central role in numerous multi-state regulatory investigations.
 
Acknowledgements & Awards
 
Our attorneys have been consistently honored by major publications and institutions, including The Daily Journal, Los Angeles Times, BTI Consulting Group, Benchmark Litigation, Super Lawyers and The Best Lawyers in America for their excellence in the legal field.  These honors are a testament to the accomplishments and expertise of our partners in many practice areas. In addition, Los Angeles Office attorneys continue to be out in the community, in the media and speaking  at some of the top industry and legal conferences around the country, including Practising Law Institute’s Annual Consumer Financial Services Institute, Bridgeport Continuing Legal Education, American Conference Institute’s Conference on Consumer Finance Class Actions & Litigation, and they are frequent contributors to The Banking Law Journal, The Review of Banking and Financial Services and KNX Radio’s Business Hour.

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NEWS

  • 17 Stroock Attorneys Named to 2011 Edition of Best Lawyers
    August 5, 2010

    Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, announced that 17 attorneys across 12 practice areas have been selected by their peers for inclusion in the 2011 edition of Best Lawyers®.