Governmental Securities Litigation

We often represent governmental and municipal entities in complex commercial litigation against their financial counterparties, including banks, underwriters, or other financial intermediaries.  Our experience in these matters includes both litigations and arbitrations, as well as negotiations and work-outs to restructure payments, loan terms, and swap terminations.

Examples of our current or recent matters include:

  • Representation of the City of Houston, Texas in arbitration over its issuance of $1.3 billion in auction rate securities and accompanying interest rate swaps;
  • Representation of the City of New Orleans, Louisiana in litigation over its issuance of $170 million of variable rate demand obligations with an accompanying interest rate swap;
  • Representation of the Louisiana Stadium & Exposition District in litigation over its issuance of $238 million of auction rate securities with accompanying interest rate swaps;
  • Representation of the Dallas County Utility Reclamation District in arbitration over its issuance of $100 million of auction rate securities.

Contacts

James-Swanson

James R. Swanson

Partnert: 504.586.5267
Lance-McCardle

Lance C. McCardle

Partnert: 504.586.5298
Jason Burge of Fishman Haygood LLP

Jason W. Burge

Partnert: 504.586.5241