Allen v. Credit Suisse Securities (USA) LLC

A Cahill litigation team prevailed on behalf of Credit Suisse in the United States Court of Appeals for the Second Circuit, obtaining an affirmance of the dismissal of Employee Retirement Income Security Act (“ERISA”) claims brought by a purported class of ERISA plan trustees, participants and beneficiaries.

Plaintiffs alleged that Credit Suisse and other bank defendants violated ERISA in connection with trading in the multi-trillion dollar foreign exchange market. On July 10, 2018, the Court of Appeals affirmed the district court’s dismissal of all claims, finding that plaintiffs failed to adequately allege that Credit Suisse was an ERISA fiduciary or violated any other ERISA provision invoked by plaintiffs.

Cahill advised with a team including Jason M. Hall (Picture), David G. Januszewski, Sheila C. Ramesh, Herbert S. Washer, Sesi Garimella, Stephen Behymer, Connor Carroll and Kyrie Graziosi.

Involved fees earner: Jason M. Hall – Cahill Gordon & Reindel; David Januszewski – Cahill Gordon & Reindel; Sheila Ramesh – Cahill Gordon & Reindel; Herbert Washer – Cahill Gordon & Reindel; Sesi Garimella – Cahill Gordon & Reindel; Stephen Behymer – Cahill Gordon & Reindel; Connor Carroll – Cahill Gordon & Reindel; Kyrie Graziosi – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Credit Suisse;


Author: Ambrogio Visconti