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DEPARTMENT PROFILE

Holwell Shuster & Goldberg LLP

Litigation

2 ranked lawyersSpotlight TableNew YorkUSA 2021 View ranking table
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chambers review
department information
Ranked Lawyers

Chambers Review

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What the team is known for

Strong litigation boutique that is particularly highlighted for its representation of institutional plaintiffs in major securities litigation, with in-depth experience in bringing claims against leading financial institutions, investors and government entities. Particularly well regarded for its strength in RMBS claims, calling upon an extensive track record of success in cases arising from the financial crisis. Acts for an impressive client base which includes high net worth individuals, investors, major corporates and sovereign states. Also noted for its well-regarded offering in general commercial litigation, with a strong track record of success in defending against antitrust, mass tort and cost of insurance disputes.

Strengths

Peers rate Holwell Shuster as a "first-rate litigation boutique."

Sources praise the team's "highly collaborative and very intelligent lawyers."

A client says: "They give 100% to every matter."

Work highlights

Represented Valassis Communications in an antitrust action against News Corp over practices in the in-store promotions market. The client alleges that News Corp has taken several steps to prevent it from gaining access to this market.

Notable practitioners

Michael Shuster handles disputes on both the plaintiff and defense sides, and impresses with his expert handling of securities litigation such as RMBS-related claims against financial institutions. He also handles commercial claims such as antitrust and covenant disputes.
"Mike is a good, talented and aggressive lawyer." "He's a very good lawyer - very sharp and good on his feet." "He's one of the best litigators in the city."

Department Information

This content is provided by Holwell Shuster & Goldberg LLP.

Overview

HSG is known for its ability to try high-stakes commercial cases, domestic and multi-jurisdictional, and the quality of its legal scholarship and writing. The firm established itself as a leader in litigation resulting from the Great Recession, recovering billions on behalf of mortgage-backed securities investors, and is now at the forefront of COVID-19 related litigation.

The firm’s founders are the Hon. Richard Holwell, a former S.D.N.Y. judge, and three colleagues from White & Case: Michael Shuster, Daniel Goldberg, and Dorit Ungar Black. The firm draws talent from the finest law schools, clerkships, and firms. Today, HSG has approximately 60 lawyers, including multiple former Supreme Court clerks.

The firm:

  • Won a $2.4 billion trial verdict against Lehman Brothers related to mortgage-backed securities.
  • Is taking to trial a massive antitrust claim on behalf of MacAndrews & Forbes against News Corp.
  • Is leading innovative “cost-of-insurance” litigation in federal courts around the country.
  • Defended Travelport’s efforts to manage liquidity needs brought on by the pandemic’s effect on the travel industry.
  • Is challenging an exchange transaction by Serta and its private equity sponsors for which the proffered justification was the pandemic.
  • Recently won a dismissal, affirmed on appeal, of claims brought by Carl Icahn against a prestigious M&A firm.

Members

Goldberg, Daniel P.

Holwell, Hon. Richard J.

Shuster, Michael S

Clients

Alberta Investment Management Corporation (AIMCo)

Bank of New York Mellon

Chubb

Directors of Liquid Holdings Group, Inc.

Former Director of Sears Holding Corp.

Freddie Mac

Goldman Sachs & Co.

HSBC

Lehman RMBS Trustees

MacAndrews & Forbes Inc.

Perry Capital

PetSmart Inc.

Promontory Financial Group

TiVo

Travelport

U.S. Chamber of Commerce

Visa Inc.

Litigation

Holwell Shuster & Goldberg LLP

firm
Location

425 Lexington Avenue

New York

New York

USA

NY 10017

View Firm Profile

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

New York

Litigation: General Commercial


Michael S Shuster
Band 2

Securities: Institutional Plaintiffs: Mainly RMBS Litigation


Michael S Shuster
Spotlight Table