Quinn Emanuel Urquhart & Sullivan faced heavy opposition in its bid to lead a multibillion-dollar class action accusing a dozen major investment banks of manipulating the market for credit default swaps. Not only were other plaintiffs lawyers vying to spearhead the case, but Simpson Thacher & Bartlett attempted to disqualify the firm over alleged conflicts.
As we reported, Quinn Emanuel emerged victorious from the scrum late last year when a judge in Manhattan appointed the firm lead counsel. Now partner Daniel Brockett and his cocounsel at Pearson, Simon & Warshaw have proven their mettle in an early standoff with the defendants.
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