dcsimg Financial Services

Financial Services

McGuireWoods represents banks, bank holding companies, trust companies and other financial institutions in a full range of corporate, lending and regulatory compliance matters. We advise clients in corporate transactions such as mergers, acquisitions, joint ventures, and sales of assets and companies, as well as day-to-day matters involving intellectual property, employee benefits, and labor and employment law. Our experienced banking and finance team provides guidance on commercial and real estate loan transactions, consumer lending advice, organization of proprietary mutual funds, asset securitizations, corporate finance and securities-related transactions.

Following the recent spate of highly publicized financial and accounting scandals — and the corresponding increase in government oversight — compliance with banking and consumer finance regulations has become more important than ever. We advise clients on state and federal securities and consumer credit law compliance, and in the areas of regulatory and governmental relations, securitization of receivables, secured and unsecured product development, consumer insurance, and all other consumer credit-related areas.

In the area of consumer finance, our experienced litigators have handled individual and class action litigation arising in the context of credit cards, mortgage loans, mobile home loans and other consumer loans, both secured and unsecured, as well as consumer retail transactions involving automobiles and other consumer goods and services. McGuireWoods’ litigation experience also extends to related areas, including data privacy, debt collection, credit reporting, consumer bankruptcy and all types of commercial litigation.

With creditors’ rights and bankruptcy lawyers located in many of the firm’s offices, we represent debtors and lenders in loan workouts, bankruptcies, restructurings and related litigation across the country. In connection with problem credits, we serve as counsel to many of the primary lenders in the United States. We also have substantial experience as bankruptcy counsel to public and nonpublic companies that either file for bankruptcy relief or are considering a consensual resolution to financial issues. We frequently serve as counsel to indenture trustees and creditors committees, and have substantial depth representing clients in the acquisition of assets from companies experiencing financial difficulties.

McGuireWoods has one of the largest public finance practices in the mid-Atlantic region. The firm has represented numerous financial institutions, investment banking firms, financial advisors and underwriters in connection with tax-exempt financings. Our relationship with both regional and national financial institutions and underwriters is an important asset to our clients. Our public finance lawyers have participated in presentations by issuers to rating agencies and have assisted issuers in obtaining ratings for a wide variety of financing structures, including issues that have received the highest rating from rating agencies.

We closely monitor industry trends and regulatory developments and are active in various organizations, including the Securities Industry Association Legal and Compliance Division, National Society of Compliance Professionals, American Bar Association Litigation and Business Sections, and local bar associations. Our lawyers regularly speak at securities seminars and conferences and publish topical articles. Certain members of the practice team are FINRA- and AAA-approved arbitrators and mediators.

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RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH CASE. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.

Representative Matter

Fortune 100 financial institution

Representative Matter

Real estate investment, finance, management and development company

Obtained summary judgment for a real estate investment, finance, management and development company for $13.5 million on personal guaranty in a real estate transaction.
Representative Matter

Fortune 100 financial services company

Representation of Fortune 100 financial services company as the primary secured lender in the bankruptcy cases of two real estate holding companies of a group of companies that the bank had been litigating against in state and federal court in Virginia. Obtained the appointment of a chapter 11 trustee in 2013, and are working with him to liquidate the real estate to satisfy the bank’s claim.
Representative Matter

Fortune 100 financial services company

Serving as National Discovery Counsel for a Fortune 100 financial institution. Counseling the client on Discovery and ESI policies and practices and serving as record Discovery Counsel in high profile matters.
Representative Matter

One of the largest financial services companies in the US

Represented one of the largest financial services companies in the U.S. in litigation in federal court regarding mortgage insurance coverage for loans made by the bank and arising from borrower defaults on residential loans.
Representative Matter

US audit, tax and advisory services firm

Represented a U.S. audit, tax and advisory services firm in securities claims and a direct shareholder action brought by a bank’s shareholders against multiple defendants to recover losses in the bank’s stock in the time leading to the merger of two banking entities.
Representative Matter

Regional bank

Represented a regional bank defending a lender liability suit and related challenge by a developer  to the bank's foreclosure action arising out of a $20 million loan. Obtained  foreclosure, recovery on the guaranty in a bench trial, dismissal of all nine claims against the bank and a significant judgment for the bank on the loan documents .
Representative Matter

A group of underwriters

Representation of a group of underwriters in an action pending in federal court that alleges violations by the underwriters of Sections 11 and 12 of the Securities Act of 1933 and violations by the issuer and others of both the 1933 Act and the Securities Exchange Act of 1934.
Representative Matter

Diversified financial services company and regional bank

Represented a diversified financial services company and regional bank in its claim for D&O insurance coverage, and the fidelity claim that the bank submitted under a financial institution bond for losses related to 70 loans that the bank made, totaling in excess of $14 million, to borrowers who purchased lots in a real estate development that turned out to be a fraudulent scheme perpetrated by the developers and the closing attorney representing the bank.
Representative Matter

Diversified financial services company and regional bank

Represented a diversified financial services company and regional bank in a lender liability lot loan case that involved more than 70 plaintiffs and significant discovery over a period of two years. Final rulings dismissed all claims against the bank and several of its loan officers, and resulted in significant monetary judgments against bank borrowers.
Representative Matter

Fortune 100 financial services institution

Representation of a Fortune 100 financial services institution in a shareholder derivative action against its directors alleging failure to adequately prepare for and respond to the residential foreclosure crisis.
Representative Matter

Fortune 100 financial institution

Represented a Fortune 100 bank in a $40 million fraud action against the bank’s outside security vendor, which received kickbacks from a bank officer in exchange for submission of inflated invoices.
Representative Matter

Fortune 200 bank

Currently defending a Fortune 200 bank against class action lawsuit alleging that defendant’s change in terms to customers’ annual percentage rates violated the implied duty of good faith and fair dealing and other common law causes of action.
Representative Matter

Fortune 200 bank

Defended Fortune 200 bank in putative class action alleging violations of the payment allocation provisions of the Credit CARD Act of 2009.
Representative Matter

Fortune 100 financial institution

Represented a Fortune 100 financial institution in a series of lawsuits and negotiations to recover monies owed under title insurance policies on claims involving more than 7,000 individual home equity mortgage loans and lines of credit, resulting in total recoveries to the client in excess of $140 million to date.
Representative Matter

Fortune 100 financial institution

Representation of a Fortune 100 financial institution including more than a dozen class actions across the country arising from the mortgage foreclosure crisis. The firm also represents the institution in related shareholder litigation and state and federal investigations.
Representative Matter

Regional bank

Represented a regional bank in North and South Carolina in an acquisition by merger of another bank holding company for approximately $78 million.
Representative Matter

Large credit card marketer/servicer

Obtained a writ of certiorari from the U.S. Supreme Court on behalf of a leading credit card marketer/servicer, on the issue of whether claims brought under the federal Credit Repair Organizations Act ("CROA") can be forced to arbitration pursuant to a contractual arbitration clause.
Representative Matter

Fortune 500 bank

Represented two Fortune 500 banks and MERS in the borrower’s appeal of several claims related to securitization of the loan and violations of the Fair Debt Collection Practices Act. The Fourth Circuit affirmed dismissal of the Complaint.
Representative Matter

One of Chicago's largest banks

Represented one of Chicago's largest banks in a lawsuit brought by a commercial borrower alleging the bank caused more than $30 million in damages and the downfall of its company when the bank improperly declared an event of default under the loan documents, failed to approve an infusion of capital through mezzanine financing, tortiously interfered with prospective business relationships and wrongfully dishonored checks.
Results 1-20 of 79
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Amanda Abshire Amanda West Abshire
Associate
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2196
F: +1 704 444 8764
vCard
Daniel Albert Daniel F Albert
(Not Admitted in Florida)
Bank of America Tower
50 North Laura Street
Suite 3300
Jacksonville, FL 32202-3661

T: +1 904 798 3203
F: +1 904 360 6301
vCard
Kristina M Allen Kristina M. Allen
Associate
1345 Avenue of the Americas
7th Floor
New York, NY 10105-0106

T: +1 212 548 2164
F: +1 212 715 6262
vCard
Lila Y Al-Marhoon Lila Y. Al-Marhoon
Attorney
1800 Century Park East
8th Floor
Los Angeles, CA 90067-1501

T: +1 310 315 8252
F: +1 310 956 3111
vCard
Jason P Alter Jason P. Alter
Associate
EQT Plaza
625 Liberty Avenue
23rd Floor
Pittsburgh, PA 15222-3142

T: +1 412 667 7940
F: +1 412 667 7962
vCard
Hubert André-Dumont Hubert André-Dumont
Partner
rue des Colonies 56 - box 3
1000 Brussels

T: +32 2 629 42 60
F: +32 2 629 42 22
vCard
Franklin D Annand Franklin D. Annand
Associate
2001 K Street N.W.
Suite 400
Washington, DC 20006-1040

T: +1 202 857 1755
F: +1 202 857 2959
vCard
A. Carter Arey A. Carter Arey
Partner
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2241
F: +1 704 444 8818
vCard
Bradley S Austin Bradley S. Austin
Associate
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 373 8992
F: +1 704 373 8840
vCard
Ilene A Bailey Ilene A. Bailey
Counsel
7 Saint Paul Street
Suite 1000
Baltimore, MD 21202-1671

T: +1 410 659 4449
F: +1 410 659 4478
vCard
Steven N Baker Steven N. Baker
Associate
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2262
F: +1 704 353 6172
vCard
Joel Bannister Joel Bannister
Associate
Dallas, TX
T: +1 214 593 7125
vCard
Sarah H Barcellona Sarah H. Barcellona
Attorney
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2036
F: +1 704 444 8830
vCard
John C Beane John C. Beane
Partner
Promenade
1230 Peachtree Street, N.E.
Suite 2100
Atlanta, GA 30309-3534

T: +1 404 443 5714
F: +1 404 443 5794
vCard
R. R. Locke Beatty R. Locke Beatty
Associate
201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

T: +1 704 343 2244
F: +1 704 353 6160
vCard
Thomas Becket Thomas L. Becket
Partner
1800 Century Park East
8th Floor
Los Angeles, CA 90067-1501

T: +1 310 315 8220
F: +1 310 956 3120
vCard
Marshall Beil Marshall Beil
Partner
1345 Avenue of the Americas
7th Floor
New York, NY 10105-0106

T: +1 212 548 7004
F: +1 212 715 2319
vCard
Maurice A Bellan Maurice A. Bellan
Partner
2001 K Street N.W.
Suite 400
Washington, DC 20006-1040

7 Saint Paul Street
Suite 1000
Baltimore, MD 21202-1671

T: +1 202 857 2400
F: +1 202 828 2981
vCard

T:+1 410 659 4438
F: +1 410 659 4599

Thomas M Beshere Thomas M. Beshere
Counsel
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 1004
F: +1 804 698 2193
vCard
Barry Peter Biggar
Partner
1345 Avenue of the Americas
7th Floor
New York, NY 10105-0106

T: +1 212 548 7010
F: +1 212 715 6270
vCard
Eric Bilik R. Eric Bilik
Partner
Bank of America Tower
50 North Laura Street
Suite 3300
Jacksonville, FL 32202-3661

T: +1 904 798 2685
F: +1 904 360 6304
vCard
Daniel F Blanks Daniel F. Blanks
Partner
Bank of America Tower
50 North Laura Street
Suite 3300
Jacksonville, FL 32202-3661

T: +1 904 798 3235
F: +1 904 360 6309
vCard
William J Boddy William J. Boddy
Associate
11 Pilgrim Street
London EC4V 6RN
United Kingdom

T: +44 20 7632 1625
F: +44 20 7632 1638
vCard
J. William Boland J. William Boland
Partner
One James Center
901 East Cary Street
Richmond, VA 23219-4030

T: +1 804 775 4374
F: +1 804 698 2015
vCard
Michael Bolos Michael F. Bolos
Associate
77 West Wacker Drive
Suite 4100
Chicago, IL 60601-1818

T: +1 312 750 8883
F: +1 312 920 6156
vCard
Results 1-1 of 1
Speaking Engagement

Reform and Regulation of Derivative Transactions

American Conference Institute’s 2nd National Advanced Summit

January 14-15, 2014
Washington, DC
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Article

Keep Calm and Basel On

Capital Requirements for Community Banks

The Banking Law Journal
May 2014
Legal Alert

Swaps End-User Update

Recordkeeping Requirements

April 16, 2014
Legal Alert

Swaps End-User Update

Segregation of Initial Margin

March 26, 2014
Legal Alert

Swaps End-User Update

What End-Users Need to Know About EMIR – Risk Mitigation Techniques

February 18, 2014
Legal Alert

Swaps End-User Update

What End-Users Need to Know About EMIR – Clearing Obligations

February 10, 2014
Legal Alert

Swaps End-User Update

What End-Users Need to Know About EMIR – Reporting Obligations

January 30, 2014
Legal Alert

Swaps End-User Update

What End-Users Need to Know About EMIR – Counterparty Classifications

January 23, 2014
Legal Alert

Swaps End-User Update

What End-Users Need to Know About Portfolio Reconciliation

January 14, 2014
Legal Alert

Swaps End-User Update

FX Swap Trading Reminder for End-Users

December 16, 2013
Legal Alert

Swaps End-User Update

Cross-Border Swap Documentation Deadline for Non-U.S. Affiliates of End-Users

December 10, 2013
Results 1-20 of 34