Financial Services Litigation & Investigations Group
Financial Services Litigation & Investigations Group
In the face of turmoil and uncertainty, the world's major financial institutions continue to choose our team to help them manage their business, litigation and reputational risks and thrive in the new economic and regulatory climate. To our clients we are much more than litigators - we are business partners who have a stake in their success.
Paul, Weiss Client Citigroup Prevails in Terra Firma Trial
Citigroup Inc., represented by Paul, Weiss lawyers Ted Wells, Jay Cohen and relationship partner Brad Karp, has won the trial of a multibillion dollar lawsuit by Terra Firma Capital Partners Ltd. and its Chairman Guy Hands who claimed he was tricked by the bank into overpaying for EMI Group Ltd. in a 2007 auction.
For reporting and analysis on the verdict from the Financial Times, including Citigroup banker David Wormsley's reaction to the trial and his thoughts about the Paul, Weiss team, please click here and here. For more information about the verdict, please click here.
Ted Wells, who was named one of "The Decade's Most Influential Lawyers" earlier this year by The National Law Journal, was named "Litigator of the Week" by The American Lawyer for the Citigroup victory, the second time he's received that accolade. To read the article, please click here.