At its Annual Meeting on the morning of Jan. 23, the Commercial and Federal Litigation Section will offer CLE programs to (1) help litigators who represent banks, funds, insurers and investors navigate the complex issues raised by financial crisis litigation evolving from the current financial crisis, and (2) prepare for changes to practice that are proposed in Chief Judge Jonathan Lippman’s Task Force on Commercial Litigation for the 21st Century. Afterwards, the section will honor U.S. District Court Judge Jed S. Rakoff with its Stanley H. Fuld Award at its annual luncheon.

Financial Crisis Litigation Panel

In the Financial Crisis Litigation Panel, District Court Judge Victor Marrero and Commercial Division Justice Shirley Werner Kornreich will discuss differences and similarities in the way federal courts and the Commercial Division handle banking, fund and insurance disputes. In-house counsel J. Kevin McCarthy, deputy general counsel at BNY Mellon, and James C. Gange, chief compliance officer at hedge fund Davidson Kempner Capital Management, will explore how the mortgage meltdown, the subsequent credit crunch and the changes in the regulatory environment raise new challenges for financial institutions. Finally, business litigators Hector Gonzalez at Dechert and Benjamin R. Nagin at Sidley Austin will outline some of the tactical and strategic choices they make in choosing whether and how to litigate these disputes in federal and state courts.

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