Morrison & Foerster is recognized for its depth and expertise in financial services litigation. We represent financial services clients throughout the United States in federal and state court matters, and have experienced financial services litigators resident throughout the United States, Europe and Asia. Our financial services clients include national banks, federal and state savings associations, commercial banks, independent and industrially-owned finance companies and limited purpose banks, mortgage bankers and brokers, insurance companies, and securities firms.
We have been at the forefront of consumer class action litigation in the financial services industry, representing banks and other financial services companies in suits involving deposit and checking accounts, credit cards, real estate, mortgage transactions, consumer loans, loan-related fees, mortgage insurance, auto loans, ADR clauses, and other consumer relationships. We have extensive experience in all aspects of financial services class action litigation, including opposition to class certification, early resolution through motions to dismiss or for summary judgment based on preemption, exportation, or substantive grounds, constitutional and other challenges to class actions in bankruptcy courts, and, where necessary, the organization and retrieval of extensive documents, mediation, settlement administration, and fairness hearings, as well as trials and appeals.
We have acted as national coordinating counsel on many matters, coordinating litigation strategy within companies and across industries. We are frequently called on by major trade organizations, such as the American Bankers Association, the Mortgage Bankers Association, the Consumer Bankers Association, and the California Bankers Association, to present industry positions in amicus curiae briefs filed in federal and state appellate courts, including the U.S. Supreme Court.
Our litigators also have defended financial services firms in an array of criminal and civil investigations involving SEC enforcement actions, FTC investigations, alleged embezzlement, alleged violations of the Bank Secrecy Act, investment management firm practices, and whistle-blower allegations.
Legal 500 US 2016 Financial Services: Litigation
BTI Litigation Outlook 2015 Ranked as a “Standout” in securities and finance litigation
Chambers USA 2016 National: Financial Services Regulation: Consumer Finance (Compliance & Litigation) (Band 1) National: Financial Services Regulation: Banking (Compliance)
U.S. News – Best Lawyers® Best Law Firms 2017 National: Financial Services Regulation Law (Tier 1) National: Banking and Finance Law (Tier 1) National: Litigation – Banking & Finance (Tier 1) Los Angeles: Financial Services Regulation Law (Tier 1) Los Angeles: Banking and Finance Law (Tier 1) New York City: Financial Services Regulation Law (Tier 1) New York City: Litigation – Banking & Finance (Tier 1) New York City: Banking and Finance Law (Tier 3) San Francisco: Banking and Finance Law (Tier 1) San Francisco: Financial Services Regulation Law (Tier 2) San Francisco: Litigation – Banking & Finance (Tier 2) Washington D.C.: Financial Services Regulation Law (Tier 1) Washington D.C.: Banking and Finance Law (Tier 1) Washington D.C.: Litigation – Banking & Finance (Tier 2)
IFLR1000 2017 United States: Financial Services Regulatory
PLC Which lawyer? 2009 Global 50 Portrait Banking and Finance noted as global area of excellence
The Enforcement Blog
BTI Litigation Outlook 2015 Named a Securities and Finance Litigation “Standout”
“…seamlessly able to mesh its regulatory, litigation and enforcement capability to provide a compelling proposition for clients engaged in high-profile consumer finance disputes.” (Legal 500 2015)
“It’s very helpful to have a firm like it that has our interests at heart as well as I do. They understand what the end game is for the business even before we do.” (Chambers USA 2014)
“They have the expertise and depth to provide quick concise legal analysis for us to understand not only the legal aspects but also the political context.” (Chambers USA 2013)
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