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This content is provided by Wollmuth Maher & Deutsch LLP.

Managing Partners: David H Wollmuth, William A Maher
Number of Attorneys: 68

Firm Overview:
For over 20 years, Wollmuth Maher & Deutsch LLP has provided sophisticated legal advice in a responsive, efficient and cost-effective manner. Because the firm is based in Manhattan, a significant focus of its practice involves financial services, including representing clients in insurance and reinsurance, banking, investment banking, private equity, venture capital and the hedge fund industry.

Main Areas of Practice:
Commercial litigation and arbitration; bankruptcy and reorganization; and corporate.


Representative clients include the following: American International Group, Inc.; Ambac Assurance Corporation; Assured Guaranty Corporation; AXA Corporate Solutions Assurance SA; Commerzbank AG; Federal Deposit Insurance Corporation; Lehman Brothers Holdings Inc.; Mizuho Bank, Ltd; NFP Corporation; WestLB AG (n/k/a Erste Abwicldungsanstalt); Pacific Life Insurance Company; Western & Southern Financial Group; Fir Tree Partners; MLMIC Insurance Company; Preston Hollow Capital and the Travelers Companies.

International Work:
The firm has represented many domestic and international companies on matters pending in US courts or arbitrations. For example, in 2019 the firm successfully defended AXA Corporate Solutions S.A. from an equitable contribution claim by a primary insurer, resulting in an important 3rd Circuit decision on application of forum selection clauses to third-parties. The firm recently represented a large multinational insurer against prominent European reinsurers and multinational insurers and reinsurers in complex litigations in US jurisdictions. The firm also has considerable expertise in confidential reinsurance arbitrations involving international clients headquartered in the UK, France, Switzerland and other European countries.
The firm represents both ceding companies and reinsurers across all lines of business and has successfully handled numerous disputes involving issues such as coverage, late notice, rescission, fraud, allocation, aggregation, follow the fortunes, security, declaratory judgment expenses, loss adjustment expenses, underwriting practices and agency issues. The firm has been very active in mortgage-related disputes on behalf of both financial guaranty insurers and domestic and international investors in mortgage-backed securities, derivatives, CDO’s and SIV’s tied to the market for such securities. Such representations have had substantial interaction with European and Asian reinsurers and financial institutions entangled in or impacted by such transactions. The firm also represents the trustee of two litigation trusts formed out of the bankruptcy of Millennium Health LLC. Prior to its bankruptcy, Millennium issued $1.775 billion in ‘leveraged loans’ which were widely distributed to institutional investors by underwriters. The firm is litigating and has settled several matters across the country against the underwriters and Millennium’s former accountants and attorneys, and is prosecuting complex litigation in New York federal court involving analysis of leveraged loan documentation and the liability of various transaction parties. One cutting edge issue is whether broadly syndicated (and traded) loans are ‘securities’ subject to statutes governing the misrepresentations and omissions in offering materials. Recently, the firm was lead trial counsel to Ambac Assurance Corporation in its objection to judicial approval of a $4.5 billion proposed settlement by several RMBS trustees with JPMorgan, to resolve claims concerning JP Morgan’s underwriting and servicing of loans, resulting in a $995 million settlement of the objection and other matters for Ambac mid-trial.

Other Recent Representative Matters Include:
■Representing AIG in litigation seeking to recover over 70 million in losses on certain project finance notes issued by a foreign contractor of Petr6leo Brasileiro S.A. Petrobras
■Representing Lehman Brothers in the prosecution of hundreds of millions of dollars in indemnification claims against hundreds of mortgage originators for the benefit of Lehman Brothers’ creditors
■Representing developers of electronic interest rate swap trading platforms in antitrust actions against eleven Wall Street banks alleging a group boycott to prevent customers from trading on trading platforms
■Co-Lead class counsel representing a class of Dental providers suing Delta Dental Insurance Company in federal court in Illinois for engaging in a market allocation and price fixing scheme

In addition, the firm regularly represents insurers and reinsurers in transactional matters.