Financial Products & Services
In this time of increasing market volatility, investors face increasing risk to their securities portfolios. Unfortunately, malfeasant investment banks are finding new ways to market high risk securities as if they were Triple-A rated and secure, putting institutional investors and the whole financial system in harm’s way.
We work hard to stay one step ahead of those individuals and institutions that seek to plunder our clients' assets. When our clients suspect misconduct on the part of institutions with which they have conducted business, our highly skilled in-house investigative team determines if our clients have suffered losses as a result of those improper practices. Armed with the expertise of forensic accountants and former enforcement officials, we are able to quickly assess potential legal claims and bring swift action where merited.
Labaton Sucharow has been recognized nationally for its work on behalf of funds misled by custodial banks in foreign exchange (FX) transactions. In these schemes, when custodial clients purchase or sell securities on a foreign exchange, the custodian banks grossly inflate or deflate exchange rates using an undisclosed spread, thereby profiting to an unfair degree at the expense of its clients. Our Firm is highly knowledgeable in this arena and is currently prosecuting suits arising from these unethical practices.
Residential Mortgage-Backed Securities (RMBS)
The Firm currently represents and advises many of the world’s major financial institutions including banks, insurance companies, mutual funds, and pension plans injured by multibillion dollar investments in fraudulently marketed residential mortgage-backed securities (RMBS). Our cases challenge the sale and marketing of more than 400 RMBS; collateralized debt obligations (CDOs); and structured investment vehicles (SIVs). These cases involve more than 100 defendants and collectively seek more than $7 billion in potential damages. Because of their extraordinary complexity, they require a deep understanding of the financial markets and innovative financial products, as well as keen litigation skills. Our clients are well represented by our seasoned litigators who are experts in handling large-scale discovery, and they have trial expertise that will best position our clients for significant recoveries.