Group Overview
The Financial Markets Group at JAMS was formed in response to the crisis in domestic and global financial and credit markets and the need for innovative methods to resolve disputes arising from the economic fallout. JAMS Neutrals in the Financial Markets Group are highly experienced in resolving complex securities and financial market disputes. They frequently mediate and arbitrate disputes involving financial fraud, market manipulation, collateralized debt obligations, investor class actions, breaches of contract and fiduciary duties, and various other types of securities-related and bankruptcy litigation. The group consists of some of the most prominent mediators and arbitrators in the United States, who are experts at resolving disputes quickly and with substantial savings of time and expense for the parties.
Feature Cases
JAMS Neutrals in the Financial Markets Group have recently served as mediators and arbitrators in the following relevant cases:
- Securities class action arising out of the failure of a mortgage lender
- Contract disputes between an institution that loaned securities and one that borrowed them relating to distributions on shorted securities
- Dispute between the trustee of a securitized portfolio of receivables and a noteholder regarding responsibility for losses on the portfolio
- Investor class action brought against mutual fund managers pertaining to allegations of late trading and market timing in the mutual fund industry
- Complex financial dispute involving multinational banks and investment firms in which the issues in dispute revolved around collateralized debt obligations
- Multiple securities class actions against hundreds of companies and investment banks (Underwriters) alleging, in the broadest terms, fraud and market manipulation in connection with initial public offerings
- Securities class action arising from alleged failure to disclose adverse information concerning the company's product and the timeline for development of the product
Cost-Effective Resolutions
JAMS offers mediation, arbitration, e-discovery special masters, and other custom ADR services tailored to resolve credit crisis and financial matters. An ADR approach can cost-effectively resolve a broad range of claims for the benefit of all parties. This is especially important in the current economic environment. JAMS delivers value to clients through efficient case management systems, ease of scheduling, and timely resolutions. The JAMS network of local Resolution Centers in major cities throughout the United States is equipped to handle the logistics related to resolving complex individual and class disputes.
Skilled Neutrals
The JAMS Financial Markets Group is headed by highly respected neutrals David Geronemus, Esq., Michael D. Young, Esq. and Hon. Daniel Weinstein (Ret.). The group includes some of JAMS' most distinguished mediators and arbitrators from throughout the United States, including retired federal, state trial and appellate judges, and former litigators, all of whom have specific relevant dispute resolution and substantive experience.
For thirty years JAMS neutrals have been at the forefront of resolving complex financial disputes. Their experience runs the gamut of practice areas including: Accounting and Finance, Antitrust, Banking, Bankruptcy, Class Action/Mass Torts, Construction, Employment, Insurance, and Securities. Members of JAMS Financial Markets Group receive special training in the legal and financial aspects of credit crisis and financial markets litigation. They are uniquely qualified to successfully resolve financial matters.