Overview

Today's financial services companies face many complex legal challenges, from high-stakes class action cases to an evolving regulatory framework. Thompson Hine's Financial Services Litigation team trial lawyers have extensive experience in this area and are skilled in developing winning strategies to help clients resolve disputes in a manner consistent with their objectives. Those skills also encompass project management and budgeting such that, in framing objectives, prospective costs are understood.

We focus on finding the right legal strategy to meet each client’s needs. In some cases, the best strategy may be to settle quickly and quietly to avoid costly litigation, preserve consumer confidence or protect a brand or image. There are times when a symbolic ruling accomplishes a client’s goals or when alternative dispute resolution poses the best option. In circumstances when a trial is the best way to conclude a matter, we have the courtroom experience to prevail. We provide a thorough analysis of risks and costs entailed in each action and identify solutions that skillfully address challenges.

To create and execute winning strategies, we first determine how our client defines victory. We listen closely as we set objectives, budget and plan a course of action. We identify the big wins and small victories important to achieving business objectives. We identify the outcomes the client cannot accept as well as what risks the client is willing to undertake. Then we focus our resources and efforts on executing the program. Ultimately, winning means managing litigation to bring results that help our clients achieve their business objectives.

Experience
Representative Experience

Our team of seasoned trial lawyers has a deep understanding of the financial services industry who regularly argue cases across the country, and opposing counsel know we are at home in the courtroom. We also have represented clients before a variety of state and federal regulatory agencies, including:

  • The Federal Reserve
  • Office of the Comptroller of the Currency (OCC)
  • Federal Deposit Insurance Corporation (FDIC)
  • Federal Financial Institutions Examination Council (FFIEC)
  • National Credit Union Administration (NCUA)
  • Office of Thrift Supervision (OTS)
  • Financial Industry Regulatory Authority (FINRA) and the former National Association of Securities Dealers (NASD)
  • Securities and Exchange Commission (SEC)
  • State insurance, banking and securities agencies

We have represented banks in litigation involving leveraged buyouts, tender offers, and defense of shareholder derivative suits and major contract disputes. Also adept in a wide variety of broker-dealer and investment adviser issues, we have handled cross-marketing, compensation, licensing, registration, recruitment and competition matters, to name a few. Our team includes lawyers who have served in leadership roles in the financial services sector; now applying extensive hands-on industry experience and knowledge to our clients’ challenges and opportunities, their former roles include:

  • Senior regulatory officials
  • Special counsel for regulatory agencies
  • In-house general counsel, corporate secretary and compliance director for two bank holding companies
  • In-house bank trust and lending counsel
  • Contributing author of the Ohio Banking Code
  • Co-author of a book on financial institution director liability
  • Hearing officer for agency appeals

Many of us are also active or in industry organizations such as the Securities Industry and Financial Markets Association (SIFMA) and Hedge Fund Association (HFA). We have handled major litigation in state, federal and bankruptcy courts for a broad array of clients, including:

  • Publicly held multinational financial holding companies
  • Traditional banks and thrifts, including community banks and de novo banking organizations
  • Investment banking organizations
  • Clearing firms
  • Mutual funds
  • Insurance companies and agents
  • Mortgage banking and broker organizations