The U.S. financial system is built around a complex network that facilitates exchanges between lenders and buyers. This network enables a plethora of transactions – many of which involving large sums of money and other means of exchange – in areas such as banking, insurance, consumer finance, investing, funding and securities. As might be imagined, this system is heavily regulated which serves to both ensure the safety and soundness of the financial system, and to protect consumers through enforcement of the many federal and state laws and regulations.

Like many other sectors, the financial sector is continuously adapting to the changing global financial marketplace. As the trading floors closed due to COVID-19, there was a rapid move to digitization and digital engagement. Similarly, the trend toward contactless banking increased, requiring banks and lending institutions to introduce new finance apps or upgrade old ones.

Unrelated to COVID, a relatively new and growing area of patent and trade secret protection and litigation involves inventions in new types of loans, mortgages, credit, derivatives, real estate, and other types of financial transactions. And cryptocurrencies, including Bitcoin, which are payments that circulate without the backing of a monetary authority such as governments or banks, are seeing increasing litigation, including class actions, in the areas of fraud, misrepresentation, and breach of fiduciary duty.

Expertise for Every Eventuality

Our cache of experts is wide and deep in this area. For example, we have identified experts in the mortgage and fraud fields, knowledgeable about Section 232 of the Federal Housing Act and Housing and Urban Development regulations, to testify as to whether a lender breached its fiduciary duty by refusing to refinance a property owner’s loans. We have furnished experts in international insurance to opine on whether an insurance company breached its coverage obligations under a pollution policy stemming from a ship explosion, resulting in the spill of chemicals which resulted in environmental damage and governmental fines. We have identified experts who can opine on the likelihood of fraud and trade secret misappropriation related to allegations of an illegal transfer of Bitcoin assets. In our stable of specialists, we have niche experts who can testify about money laundering in the cryptocurrency and blockchain arenas.

Our experts are well-poised to offer expert testimony in commercial, class action, and antitrust litigation on the myriad laws and public and private bodies that govern banking and financial services and markets including:

• National Bank Act of 1864
• Federal Reserve Act of 1913
• Glass-Steagall Banking Act of 1933
• Securities Exchange Act of 1934
• Federal Deposit Insurance Act of 1940
• Investment Company Act of 1940
• Sarbanes-Oxley Act of 2002
• Financial Services Regulatory Relief Act of 2006
• Emergency Economic Stabilization Act of 2008
• Fair Credit Reporting Act
• Truth in Lending Act
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Financial Industry Regulatory Act
• Commodity Futures Trading Commission
• National Futures Association