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What the team is known for Go-to RMBS litigation practice that remains a top choice for institutional plaintiffs. Regularly acts for monoline insurers in high-value actions brought against financial institutions, with a strong track record of securing multimillion-dollar settlements. Leverages notable expertise in corporate and real estate matters when advising on securities disputes.
Strengths"It's a very strong group," states a source. "They have a superlative record in the RMBS space. They're extremely strong and have maintained their excellence."
A second source comments: "The firm has a really deep bench of high-end lawyers."
"The lawyers at Patterson are collegial, thorough and passionate about their work," confirms an interviewee. "Their work is top-notch, and their expertise in the mortgage-backed securities space is at the top of the field."
Work highlights Sued Countrywide on behalf of Ambac Assurance alleging fraud and breaches of representations and warranties made in relation to the mortgage loans underwriting 17 RMBS transactions.
Erik Haas is highly rated by clients and peers alike for his work representing financial guarantors in complex RMBS disputes and other derivative claims against investment banks. "He's genuinely super smart, and is totally in the weeds in the right way - he knows what's going on at every level," states a client.
Peter Tomlinson is regarded by sources as "creative and pragmatic," and handles a range of RMBS and complex financial product litigation. He acts for a number of major bond insurers as well as institutional investors. Interviewees describe him as "a fantastic, really top-end lawyer and a really good person to work with."