Elizabeth L. McKeen

Partner

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Elizabeth Lemond McKeen, Managing Partner of O’Melveny’s Newport Beach office and the Co-Chair of the Financial Services Practice, represents mortgage lenders, servicers, banks, credit reporting agencies, and other financial services institutions in complex civil litigation including class actions, as well as regulatory enforcement actions.

Liz has litigated numerous matters under the Fair Housing Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Real Estate Settlement Procedures Act, the Truth In Lending Act, the Gramm-Leach-Bliley Act, the National Flood Insurance Act, the bankruptcy code, and the consumer protection statutes of nearly every state. Liz also has extensive experience litigating cases involving California Business & Professions Code Section 17200 and the Consumer Legal Remedies Act.

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Honors & Awards

  • Named a "Top Woman Lawyer" by the Daily Journal (2016)
  • Named one of California’s “Top 20 Under 40” by the Daily Journal (2013)
  • Named a “Rising Star” in the field of class actions by Law360 (2012)
  • Named a “Rising Star” in a survey conducted by Law & Politics Media Inc. and published in Los Angeles magazine and the Southern California edition of Super Lawyers (2006, 2007, 2008)

Admissions

Bar Admissions

  • California

Court Admissions

  • U.S. Court of Appeals for the First, Third, Fourth, Sixth, Seventh, Ninth, Tenth and Eleventh Circuits
  • U.S. District Court for the Central, Eastern, Northern and Southern Districts of California
  • U.S. District Court for the District of Colorado
  • U.S. District Court for the Northern District of Illinois 

Education

  • University of Virginia, J.D., 2001: Managing Board, Journal of Law and Politics
  • Brown University, B.A., 1998, Psychology

Professional Activities

Board Member

  • Orange County Association of Business Trial Lawyers 

Editor

  • Federal Bar Association
  • Orange County Newsletter (2002-2005) 

Co-Author

  • “Robust Causality and Cautionary Standards: Why the Inclusive Communities Decision, Despite Upholding Disparate-Impact Liability, Establishes New Protections for Defendants,” The Banking Law Journal, co-authored with Bimal Patel and Ashley Pavel (November 2015)
  • “Mortgage Underwriting - The Qualified Mortgage and Ability to Repay Rules,” co-authored with Trevor Lain and Dixie Noonan The Banking Law Journal (October 2012)
  • “The Use of Eminent Domain To Write Down Mortgage Notes,” Westlaw Journal Securities Litigation & Regulation, co-authored with with Danielle Oakley and Ashley Pavel (December 2012)
  • “The Credit Crisis: Give History Some Credit,” National Law Journal, co-authored with Brian P. Brooks (September 15, 2008)
  • Negotiated precedent-setting consent order with CFPB and FTC in threatened joint enforcement action against major non-bank mortgage servicer;
  • Achieved dismissal of putative lender placed insurance class action on preemption grounds;
  • Obtained decertification of nationwide class of 129,000+ African American borrowers in mortgage lending discrimination disparate-impact ECOA/FHA case; 
  • Obtained summary judgment in favor of mortgage servicer in declaratory judgment action against trustee, seeking right to perform loan modifications; 
  • Representing mortgage servicer in putative class action relating to HAMP trial payment plan communications;
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