Steven Wolowitz is an accomplished litigator whose practice focuses on financial services litigation, antitrust matters, complex commercial cases, and government and internal investigations.
Steve represents commercial and investment banks, corporations, directors and officers in securities, commodities and antitrust litigations, including class actions, and in complex cases involving derivatives, foreign exchange, structured investment vehicles, securitizations, insurance, asset management and fixed-income instruments.
US and foreign institutions rely on Steve in connection with cross-border disputes, cross-border discovery issues, and cross-border investigations and enforcement matters.
In the area of enforcement and compliance, Steve represents bank, securities and issuer clients in SEC, DOJ, CFTC and state attorneys general investigations and proceedings. He also conducts internal investigations and reports to boards of directors and audit committees for public companies.
Beyond these areas, Steve regularly represents corporate and individual clients in cases involving contract, entertainment and fiduciary duty disputes. Steve joined Mayer Brown in 1988. Previously, he was a partner with another prominent law firm in New York.
- The George Washington University, BA, with distinction
- The George Washington University Law School, JD, with honors
- New York
- US Supreme Court
- US Court of Appeals for the Seventh Circuit
- US District Court for the Southern District of New York
- US District Court for the Eastern District of New York
- Futures Industry Association
- Arbitrator, National Futures Association
- Participant in numerous workshops on current business and legal issues facing the securities industry and the futures industry
- Société Générale — Obtained the dismissal of SG from several class actions involving USD LIBOR, EURIBOR, and Yen LIBOR, which variously asserted claims under the Sherman Act, the Commodity Exchange Act, RICO, and state law. Currently represent SG before U.S. and New York governmental agencies relating to USD LIBOR, EURIBOR, and Yen LIBOR.
- Vermont Telephone Company — Successfully defended VTel in an antitrust action involving the market for Internet access service. Plaintiff had asserted claims of monopolization, attempted monopolization, monopoly leveraging, predatory pricing, denial of an essential facility and common law unfair trade practices.
- Canadian Imperial Bank of Commerce — Obtained dismissal of a lawsuit arising out of a series of loans on which our client was both a lender and the Collateral and Administrative Agent. Plaintiffs alleged that our client breached fiduciary duties and breached contractual provisions when, in its capacity as Collateral Agent, it released liens on certain collateral. The court agreed with our showing that contractual terms required the dismissal of all claims.
- Holden International Inc. & IEC Holden Inc.— Won an arbitration for Holden International Inc. and IEC Holden Inc. before the International Centre for Dispute Resolution. Following a two-week trial, a three-member arbitration panel awarded Holden $12 million in contract damages and lost profits.
- EMI Records Limited & Capitol Records — Represented EMI and its sister company, Capitol Records, in the high-profile case brought by the Beatles and Apple Records seeking alleged underpaid royalties regarding sales and promotions in North America. The case was resolved on terms favorable to our clients.
- Prudential Securities Incorporated — Successfully defended PSI in a number of multi-week arbitration trials involving claims by former employees alleging discrimination, retaliatory discharge and defamation.
- Brunswick Corporation — In a decision of significance in the proxy area, successfully opposed, on behalf of Brunswick, a shareholder action seeking to require the company to include a national health care proposal in its proxy materials.
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