Matthew J. Porpora

Regulatory/Sanctions

• JPMorgan, in reaching coordinated resolutions with the DOJ, CFTC and SEC, resolving investigations of alleged “spoofing” by JPMorgan traders.
• Barclays, in the investigation and resolution with the DOJ, CFTC and the U.K. FSA of matters relating to LIBOR and Euribor.
• Barclays, in investigations by various world-wide authorities and regulators concerning various foreign benchmark interest rates. 
• Numerous prominent financial institutions, including Barclays, BNP Paribas, Goldman Sachs & Co., ING Group and others, in responding to investigations, subpoenas and inquiries from state and federal law authorities, including the DOJ, SEC, OFAC, CFTC and DANY, in connection with regulatory investigations, internal investigations, subpoenas and sanctions advice.
• ABN AMRO Bank, ING Group and Lloyds Bank, in the resolution of separate multiagency criminal and regulatory investigations into each of the foregoing institutions relating to their compliance with economic sanctions and/or anti-money laundering regulations. 

Antitrust

• Royal Bank of Canada and RBC Europe Limited, in securing dismissal of an antitrust class action involving the trading of supranational, sovereign and agency bonds alleging violations of U.S. antitrust laws and state law claims.
• Barclays, in class and individual actions asserting claims related to Barclays’ resolution of the DOJ, CFTC and the U.K. FSA’s LIBOR- and Euribor-related investigations, including leading the defense of Barclays and its affiliates in the USD LIBOR multi-district litigation in the SDNY, the Yen LIBOR class action in SDNY, the Euribor class action in the SDNY, the GBP LIBOR class action in the SDNY, and other LIBOR-related actions in other federal courts across the country. 
• Barclays, in the U.S. class action and other matters related to alleged price fixing in the market for Mexican Government Bonds (In re Mexican Government Bonds Antitrust Litigation). 
• Goldman Sachs, in a class action alleging antitrust violations related to odd lots of corporate bonds, pending in SDNY.  
• Goldman Sachs, in securing a favorable settlement of a class action alleging conspiracy to fix bond prices for government-sponsored entities.
• Goldman Sachs, in securing favorable settlements in class and individual actions alleging antitrust violations related to agency bonds. 
• National Australia Bank Limited, in securing dismissal of a class action lawsuit involving the BBSW, in which it was alleged that NAB and other banks violated U.S. antitrust laws and the Commodity Exchange Act, as well as the Racketeer Influenced and Corrupt Organizations Act and various state laws.
• Barclays and ING Group, in securing the dismissal of antitrust class actions alleging manipulation to the SIBOR, and SOR.

Federal RICO

• Fiat Chrysler, in securing dismissal of RICO claims brought by General Motors purportedly related to improper payments to the union of United Auto Workers, as well as in a related state court action alleging the same claims.
• Fiat Chrysler, in obtaining the dismissal of a class action advancing Consumer Protection Act, implied warranty, fraud and other state law claims involving the recall of Takata airbags, the largest automotive safety recall in U.S. history. Earlier in that litigation, Mr. Porpora helped secure dismissal of plaintiffs’ treble-damage civil RICO claim against the company.
• ING Group, in a civil victory dismissing a $4.9 billion federal RICO and fraudulent conveyance claim filed in the Southern District of New York in connection with ING’s conduct that was the subject of a $619 million criminal sanctions settlement that S&C had previously negotiated for ING, which was affirmed on appeal.

Securities 

• AB InBev, in securing dismissal of a securities fraud class action brought by shareholders alleging that the company made public misrepresentations related to future dividend payments.
• Adient plc, in securing dismissal of a securities fraud class action brought by shareholders alleging that the company publicly misrepresented the state of a meaningful segment of its business.
• Barclays, in successfully securing the dismissal of certain claims in a securities fraud class action brought by entities that purportedly traded financial instruments tied to LIBOR, and ultimately resolving the action on favorable terms.
• Directors of Enbridge Energy Partners, in a derivative suit brought in Texas state court arising out of the largest oil spill in the Midwest, which was dismissed with prejudice on a motion to dismiss. 

Labor & Employment  

• Goldman Sachs, in an action filed in August 2018 in SDNY, by a former managing director of the firm, alleging whistleblower and other claims. 
• Barclays, in successfully resolving employment-related whistleblower, breach of contract and indemnification claims brought by three former derivatives traders seeking payment of legal fees in connection with their U.K. criminal trial regarding alleged USD LIBOR-related conduct. 
• Barclays, against retaliatory claims of wrongful termination and age discrimination.
• A prominent financial institution, in successfully moving a federal court to compel arbitration and in the subsequent two-month FINRA arbitration in defense of fraud and defamation claims brought by a former Managing Director who had been terminated for certain misconduct.