O’Melveny brings together lawyers from around the world with deep experience in banking and finance to help its financial services clients achieve critical goals in areas as diverse as risk management, regulatory compliance, government relations, financing, transactional engagements, and litigation. 

With industry-focused lawyers in major financial centers on both coasts of the United States as well as in Asia and Europe, we provide clients with unique insights into national and regional commercial and regulatory considerations. Our lawyers have worked in senior positions within financial firms, and as executives in government agencies directly regulating and supervising financial firms.

Described by Chambers USA as “highly regarded for its experience in acting for major financial services clients,” O’Melveny is exceptionally well-positioned to help clients capitalize on emerging opportunities around the globe while minimizing risk and legal exposure.

American Honda Finance Corporation

O’Melveny represented American Honda Finance Corporation (AHFC) in three public offerings of debt in 2015, raising aggregate gross proceeds in excess of US$3 billion and €1.2 billion of notes. Read

Bank of Qingdao

O’Melveny acted as special US counsel to Bank of Qingdao in its initial public offering and listing on the Hong Kong Stock Exchange, generating proceeds of US$531 million. Read

BB&T Corporation

O’Melveny advised BB&T Corporation in connection with its agreement to acquire National Penn Bancshares, Inc. in a cash and stock transaction for total consideration valued at approximately US$1.8 billion. Read

Capital One

O’Melveny won the dismissal of all claims against client Capital One in a case challenging the late fee and over-limit fee practices of credit card issuers. Read

Case Study: Underwriters of Thermo Fisher Scientific Offering

O’Melveny represented Goldman Sachs & Co. LLC, as representative of the underwriters, in a registered public offering by Thermo Fisher Scientific Inc. of approximately US$1.7 billion of its common stock. Read

CIT Bank, N.A.

O’Melveny achieved a significant victory for the bank when a California district court granted its motion to dismiss with prejudice and in its entirety a putative, nationwide class action challenging lender-placed insurance practices with respect to real property securing mortgage loans. Read

Fannie Mae

O’Melveny persuaded the United States Court of Appeals for the Fifth Circuit to affirm a district court ruling that prevented a class action status lawsuit against our client Fannie Mae. Read

Fidelity Investments

In March 2015, O’Melveny obtained dismissal of a nationwide class action complaint challenging Fidelity’s administration of “float” on distributions from its 401(k) client plans.   Read

Fidelity Management Trust Co.

O’Melveny helped free Fidelity Management Trust Co. from a class action brought by investors who alleged that the company charged excessive fees and implemented an unduly conservative strategy in one of its flagship stable-value funds offered to 401(k) plans.

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Leading Financial Institution

We represented a leading financial institution in an action brought by the City of Los Angeles alleging that fair lending violations at the time of origination resulted in a disproportionately high number of foreclosures in primarily African American and Latino neighborhoods, purportedly reducing the City’s property-tax revenues and increasing its municipal-services costs. Read

LendingClub

O’Melveny represented the underwriters, led by Morgan Stanley & Co. LLC in the US$1 billion initial public offering of LendingClub Corporation (LendingClub) on the New York Stock Exchange. Read

Underwriting Syndicate

An underwriting syndicate led by Morgan Stanley secured an important victory when O’Melveny convinced the plaintiffs to voluntarily dismiss them from a case more than three years after it had been filed and shortly after fact discovery had closed. Read