Financial Services

OVERVIEW

EXPERIENCE

NEWS & INSIGHTS

ACCOMPLISHMENTS

We represent clients involved in every facet of the financial services industry with a full-service, inventive approach to complex industry issues.

The financial services industry continues to be reshaped by shifts in technology, regulation, and other national and global issues. By understanding this evolution and by keeping abreast of these shifts, we can help you apply innovative and winning strategies, customized to your unique situation.

HOW WE HELP

At Seyfarth, having an understanding of the issues that impact financial institutions is important in an environment fraught with close supervision, regulations, and legal risk. Seyfarth represents clients involved in every facet of the financial services industry with a full-service approach to provide comprehensive advice on complex industry issues. Our collective experience helps navigate the complexities of the industry by developing and implementing strategies that address all legal intricacies, regulations and developments. We stay abreast of emerging legal and business trends and provide proactive advice, apply innovative and winning strategies, and customize our approach to your unique situation.

Our attorneys use their deep industry knowledge to represent investment banks; international integrated financial services companies; broker-dealers; insurance companies; hedge funds and private equity firms; investment advisers; local, regional, national and foreign banks; and venture capital groups.

THE SEYFARTH EXPERIENCE

We are not only known for delivering exceptional client service and outstanding results, but also for doing so in true partnership with clients through our acclaimed service delivery platform. This innovative approach, which combines our vast legal acumen with process design and robust technology resources, sets us apart in the market. We continually demonstrate and provide value through a clear understanding of client needs and desired outcomes, transparent communication and collaboration, right-sized staffing approaches, and the use of data to drive alternative fees.

EXPERIENCE

Represented an institutional investor in $50 million initial closing investment in a large private equity fund sponsored by Crescent/TCW focused on LBO and private equity debt investments.
Defeated certification on behalf of a large financial institution in wage and hour exemption case of proposed class consisting of all Service Manager II’s at all branches in California, and prevailed on full summary judgment as to individual claims for both named plaintiffs) cert. decision affirmed on appeal (Cal. Ct. App, 1st DCA June 13, 2013) (summary judgment not appealed).
Defending a major lawsuit filed against three affiliated companies of one of the largest banks in the world in which a former financial consultant alleges class claims relating to terminal payments and alleged violations of the Massachusetts Wage Act.
Dismissal of class claims as to proposed class of 2,000 plus managers in California and nuisance value individual settlement on behalf of a large financial institution.
Low value settlement after summary judgment granted on all key wage and hour and exemption claims on behalf of a large financial institution.
Removed case to federal court over strong objections and prevailed on a motion to dismiss statewide wage and hour class action of 2,000 plus class members (Branch Managers), based on lead plaintiff’s undisclosed bankruptcy on behalf of a large financial institution.
Represented a large financial institution in a lawsuit alleging that the bank refused to accept plaintiff’s relay calls, in violation of Title III of the ADA. The case was resolved under very favorable terms after limited discovery.
Represented a bank and trust company in an acquisition term and revolving loan facility for the acquisition of a manufacturing company.
Represented a banking company in a $12.5 million working capital line of credit and a $10 million term loan to fund stock redemption transaction. Deal is confidential.
Represented a banking institution in a $105 million syndicated senior credit facility which refinanced a bridge loan acquisition finance facility.
Represented a banking institution in a $125 million private equity structured as two 180 day secured bridge loans to facilitate an acquisition.
Represented a banking institution in a $35 million senior warehouse loan to a specialty financing company.
Represented a banking institution in a $60 million financing.
Represented a banking institution in class action concerning exempt status of managers in banking industry
Represented a banking institution, as master servicer, in the assumption of a $20 million permanent mortgage loan by the purchasers of an office building in Tustin, CA known as Tustin Business Center.
Represented a financial institution in a $31.23 million construction loan for a flagged hotel in Garden City, New York.
Represented a financial institution in a $33 million amended and restated financing.
Represented a financial institution in a $700 million CMBS loan servicing matter involving 12 loans secured by office buildings located around the country.
Represented a financial institution in a $77.5 million construction loan in North Carolina.
Represented a financial institution in a syndicated amended and restated senior secured credit facility in connection with the PE firm backed borrower's acquisition of an add-on company.
Represented a financial institution in a syndicated amended and restated senior secured credit facility in connection with the PE firm backed borrower's acquisition of an add-on company.
Represented a financial institution, as lender, in an acquisition loan, a real estate loan, and a working capital line of credit facility in favor of Middle East Bakery, Inc., the proceeds of which were used to redeem several long-standing family shareholders and refinance the existing debt.
Represented a financial services institution as custodian of mortgage loans securing up to $1 billion of asset-backed variable funding notes.
Represented a financial services institution in a $1.5 billion credit facility.
Represented a financial services institution in a $404 million issuance of notes in a CLO securitization collateralized by senior secured loans.
Represented a financial services institution in a $25 million acquisition loan for a multi-use building in New York, NY.
Represented a Fortune 100 financial services institution in a $275 million ground leasehold mortgage financing to a prestigious institute in MA.
Represented a large financial institution in a class action challenging performance based bonus system as an unlawful wage deduction policy.
Represented a multinational banking company in the establishment of a $15.5 million term loan in favor of Tri-Wire to fund an ESOP acquisition together with an $8 million revolving line of credit.
Represented a personal and business banking services company in a $22.3 million vessel finance loan to a leader in the maritime industry.
Represented a real estate investment firm in an $8 million mezzanine loan for the redemption and payoff of a preferred equity member of a subsidiary.
Represented a trust company operating as a nonprofit organization in a ERISA plan in equity LP investment; a $1.2 billion open-ended diversified real estate investment fund.
Represented an ERISA multi-employer pension plan in a $20 million equity investment in Entrust Special Opportunities Fund III, a Cayman "fund-of-funds" hedge fund.
Represented an ERISA multi-employer pension plan in a series of fixed income fund investments managed under an IMA as fixed-income portfolio manager.
Represented an investment bank in a $5 million note purchase.
Represented bank in a putative national class action alleging a violation of the Fair Credit Reporting Act (FCRA).
Represented bank in putative New York class action alleging failure to provide requisite notice regarding ATM transaction fees under the Electronic Funds Transfer Act. Settlement pending.
Represented banking and finance client in case involving claims of trade secrets violations.
Represented a financial institution, as CMBS Master Servicer, in connection with a real estate firm's complex, tax-driven upper tier corporate restructure. The restructure affected 44 CMBS loans serviced by the client, totaling approximately $6 billion.
Represented a financial institution, in establishment of two (2) credit facilities (term loan and bridge loan) totaling $17.7 million for the purpose of refinancing existing debt. Documentation required amending and restated existing Credit Agreement to build in additional facilities as well as additional terms and conditions, and also included negotiation of amendment to existing intercreditor arrangement.
Represented an institutional ERISA investor in a $30 million private placement investment in a hedge fund organized as a Delaware statutory trust focused on equity investments in issuers that offer technologies, products or services related to water.
Represented an institutional ERISA investor in a $90 million private placement investment in a commingled hedge fund focused on issuers worldwide with market caps exceeding $100 million organized as a Delaware statutory trust and managed by a Nuveen Investments affiliate.
Represented an institutional ERISA investor in a $90 million private placement investment in a private investment fund organized as a group trust, investing in global equities.
Represented a financial services analysts in a case involving claims of non-compete, trade secrets, and non-solicitation violations.
Represented a multi-employer plan client in a $22 million equity LP investment.
Represented two affiliated ERISA plans in a $20 million equity LP investments in Ares Special Situations Fund IV, L.P., a $1.25-1.3 billion distressed debt and restructuring.
Representing a bank in Illinois state class action alleging breach of contract. The action remains pending.
Secured a complete walk away on behalf of a global financial institution in a matter alleging sexual harassment, discrimination and retaliation claims.

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We represent clients involved in every facet of the financial services industry with a full-service, inventive approach to complex industry issues.

HOW WE HELP

THE SEYFARTH EXPERIENCE

EXPERIENCE

Represented an institutional investor in $50 million initial closing investment in a large private equity fund sponsored by Crescent/TCW focused on LBO and private equity debt investments.
Defeated certification on behalf of a large financial institution in wage and hour exemption case of proposed class consisting of all Service Manager II’s at all branches in California, and prevailed on full summary judgment as to individual claims for both named plaintiffs) cert. decision affirmed on appeal (Cal. Ct. App, 1st DCA June 13, 2013) (summary judgment not appealed).
Defending a major lawsuit filed against three affiliated companies of one of the largest banks in the world in which a former financial consultant alleges class claims relating to terminal payments and alleged violations of the Massachusetts Wage Act.
Dismissal of class claims as to proposed class of 2,000 plus managers in California and nuisance value individual settlement on behalf of a large financial institution.
Low value settlement after summary judgment granted on all key wage and hour and exemption claims on behalf of a large financial institution.
Removed case to federal court over strong objections and prevailed on a motion to dismiss statewide wage and hour class action of 2,000 plus class members (Branch Managers), based on lead plaintiff’s undisclosed bankruptcy on behalf of a large financial institution.
Represented a large financial institution in a lawsuit alleging that the bank refused to accept plaintiff’s relay calls, in violation of Title III of the ADA. The case was resolved under very favorable terms after limited discovery.
Represented a bank and trust company in an acquisition term and revolving loan facility for the acquisition of a manufacturing company.
Represented a banking company in a $12.5 million working capital line of credit and a $10 million term loan to fund stock redemption transaction. Deal is confidential.
Represented a banking institution in a $105 million syndicated senior credit facility which refinanced a bridge loan acquisition finance facility.
Represented a banking institution in a $125 million private equity structured as two 180 day secured bridge loans to facilitate an acquisition.
Represented a banking institution in a $35 million senior warehouse loan to a specialty financing company.
Represented a banking institution in a $60 million financing.
Represented a banking institution in class action concerning exempt status of managers in banking industry
Represented a banking institution, as master servicer, in the assumption of a $20 million permanent mortgage loan by the purchasers of an office building in Tustin, CA known as Tustin Business Center.
Represented a financial institution in a $31.23 million construction loan for a flagged hotel in Garden City, New York.
Represented a financial institution in a $33 million amended and restated financing.
Represented a financial institution in a $700 million CMBS loan servicing matter involving 12 loans secured by office buildings located around the country.
Represented a financial institution in a $77.5 million construction loan in North Carolina.
Represented a financial institution in a syndicated amended and restated senior secured credit facility in connection with the PE firm backed borrower's acquisition of an add-on company.
Represented a financial institution in a syndicated amended and restated senior secured credit facility in connection with the PE firm backed borrower's acquisition of an add-on company.
Represented a financial institution, as lender, in an acquisition loan, a real estate loan, and a working capital line of credit facility in favor of Middle East Bakery, Inc., the proceeds of which were used to redeem several long-standing family shareholders and refinance the existing debt.
Represented a financial services institution as custodian of mortgage loans securing up to $1 billion of asset-backed variable funding notes.
Represented a financial services institution in a $1.5 billion credit facility.
Represented a financial services institution in a $404 million issuance of notes in a CLO securitization collateralized by senior secured loans.
Represented a financial services institution in a $25 million acquisition loan for a multi-use building in New York, NY.
Represented a Fortune 100 financial services institution in a $275 million ground leasehold mortgage financing to a prestigious institute in MA.
Represented a large financial institution in a class action challenging performance based bonus system as an unlawful wage deduction policy.
Represented a multinational banking company in the establishment of a $15.5 million term loan in favor of Tri-Wire to fund an ESOP acquisition together with an $8 million revolving line of credit.
Represented a personal and business banking services company in a $22.3 million vessel finance loan to a leader in the maritime industry.
Represented a real estate investment firm in an $8 million mezzanine loan for the redemption and payoff of a preferred equity member of a subsidiary.
Represented a trust company operating as a nonprofit organization in a ERISA plan in equity LP investment; a $1.2 billion open-ended diversified real estate investment fund.
Represented an ERISA multi-employer pension plan in a $20 million equity investment in Entrust Special Opportunities Fund III, a Cayman "fund-of-funds" hedge fund.
Represented an ERISA multi-employer pension plan in a series of fixed income fund investments managed under an IMA as fixed-income portfolio manager.
Represented an investment bank in a $5 million note purchase.
Represented bank in a putative national class action alleging a violation of the Fair Credit Reporting Act (FCRA).
Represented bank in putative New York class action alleging failure to provide requisite notice regarding ATM transaction fees under the Electronic Funds Transfer Act. Settlement pending.
Represented banking and finance client in case involving claims of trade secrets violations.
Represented a financial institution, as CMBS Master Servicer, in connection with a real estate firm's complex, tax-driven upper tier corporate restructure. The restructure affected 44 CMBS loans serviced by the client, totaling approximately $6 billion.
Represented a financial institution, in establishment of two (2) credit facilities (term loan and bridge loan) totaling $17.7 million for the purpose of refinancing existing debt. Documentation required amending and restated existing Credit Agreement to build in additional facilities as well as additional terms and conditions, and also included negotiation of amendment to existing intercreditor arrangement.
Represented an institutional ERISA investor in a $30 million private placement investment in a hedge fund organized as a Delaware statutory trust focused on equity investments in issuers that offer technologies, products or services related to water.
Represented an institutional ERISA investor in a $90 million private placement investment in a commingled hedge fund focused on issuers worldwide with market caps exceeding $100 million organized as a Delaware statutory trust and managed by a Nuveen Investments affiliate.
Represented an institutional ERISA investor in a $90 million private placement investment in a private investment fund organized as a group trust, investing in global equities.
Represented a financial services analysts in a case involving claims of non-compete, trade secrets, and non-solicitation violations.
Represented a multi-employer plan client in a $22 million equity LP investment.
Represented two affiliated ERISA plans in a $20 million equity LP investments in Ares Special Situations Fund IV, L.P., a $1.25-1.3 billion distressed debt and restructuring.
Representing a bank in Illinois state class action alleging breach of contract. The action remains pending.
Secured a complete walk away on behalf of a global financial institution in a matter alleging sexual harassment, discrimination and retaliation claims.

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Recognition

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