Litigator of the Week: Quinn Emanuel's $25 Billion Man
Following a string of successful mortgage-backed securities cases against most of the banking industry, Philippe Selendy of Quinn Emanuel Urquhart and Sullivan notched another achievement this week.
July 13, 2017 at 11:16 PM
5 minute read
Make that $25 billion.
Following a string of successful mortgage-backed securities cases against much of the banking industry, Philippe Selendy of Quinn Emanuel Urquhart & Sullivan notched another achievement this week. He led a Quinn Emanuel team that guided the Federal Housing Finance Agency to a $5.5 billion settlement announced Wednesday with Royal Bank of Scotland Group plc.
With the RBS deal, which resolves allegations that the bank sold and underwrote shoddy mortgage backed securities, Selendy and Quinn Emanuel have now led the FHFA to settlements worth more than $25 billion in connection with a litigation campaign that grew out of the financial crisis.
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