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    Home /  Lawyers /  Matthew J. Porpora

    Matthew J. Porpora

    Partner

    Matthew J. Porpora Headshot Photo Portrait backdrop

    New York

    +1-212-558-4000

    |

    porporam@sullcrom.com

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    Matthew Porpora is a partner in the Firm’s Litigation Group and a member of the Criminal Defense and Investigations Group.

    Mr. Porpora represents leading global companies and financial institutions in regulatory and criminal investigations, as well as in a wide variety of high-stakes, complex commercial litigations, including federal RICO, securities, antitrust, banking, commodity manipulation, fraud, and labor and employment actions. Mr. Porpora has successfully navigated his clients through investigations by the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and other federal and state agencies, as well as in regulatory enforcement proceedings involving allegations of money laundering and sanctions violations. He also has defended his clients in large-scale, bet-the-company class actions across the country, often stemming from regulatory and criminal investigations he has handled, in which he has taken a leading role in joint defense groups, arguing on behalf of all defendants in seeking (and often securing) dismissal of claims.

    Mr. Porpora’s recent practice has focused on representing a number of financial institutions in investigations and fending off related class actions concerning alleged benchmark interest rate-rigging and manipulation of commodities pricing. In the litigations, Mr. Porpora has successfully secured dismissal of various securities, antitrust, RICO, Commodity Exchange Act, and state law claims. For example, Mr. Porpora secured dismissal of all LIBOR-related claims against Barclays in an action in California federal court and successfully defended that dismissal before the Ninth Circuit Court of Appeals, and he secured dismissal of all claims against two different financial institution clients in a high-exposure class action concerning allegations of SIBOR and SOR manipulation. Mr. Porpora also has been playing a leading role in representing Fiat Chrysler Automobiles in defending against a class action advancing RICO, Consumer Protection Act, implied warranty, fraud and other state law claims concerning Fiat Chrysler Automobiles’ use of allegedly defective airbags.

    Mr. Porpora clerked for the Honorable Nina Gershon of the U.S. District Court for the Eastern District of New York from 2006 to 2008. He has been recognized as one of the “500 Leading Litigators in America” by Lawdragon (2023-2025).

    Read More

    Spotlight

    S&C Secures Dismissal of Securities Lawsuits against Barclays Involving Over-Issuance

    Read More

    Five S&C Partners Named to Lawdragon’s ‘500 Leading Global Antitrust & Competition Lawyers’ List

    Read More

    S&C Obtains Appellate Victory for Barclays in LIBOR Antitrust Case

    Read More

    S&C Obtains Dismissal for RBC Entities of ‘Gilts’ Bonds Antitrust Case

    Read More

    S&C Prevails for Barclays in Credit Default Swap Litigation  

    Read More
    • Experience
    • News
    • Credentials
    • Related Practices
    Experience

    Experience

    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.
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    News

    News

    • S&C Secures Dismissal of Securities Lawsuits against Barclays Involving Over-Issuance

      March 28, 2025
    • S&C Obtains Appellate Victory for Barclays in LIBOR Antitrust Case

      January 15, 2025
    • S&C Obtains Dismissal for RBC Entities of ‘Gilts’ Bonds Antitrust Case

      September 25, 2024
    • S&C Prevails for Barclays in Credit Default Swap Litigation  

      February 6, 2024
    • S&C Wins Sixth Circuit Appeal for FCA in RICO Suit by GM

      Updated April 17, 2023
    • S&C Leads Adient to Second Circuit Victory in Shareholder Action

      August 5, 2022
    Read More
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    Credentials

    Credentials

    Education

    • Brooklyn Law School, J.D., 2005
    • The University of Texas, B.S., 2000

    Bar Admissions

    • New York

    Clerkships

    • The Honorable Nina Gershon, United States District Court, Eastern District of New York, 2006-2008
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    Related Practices

    Related Practices

    • Litigation
    • Antitrust
    • Criminal Defense & Investigations
    • Family Office and Business Advisory
    • Transportation
    • Workplace Investigations
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