image description

Thomas C. White

Partner

Thomas C. White

Partner
New York +1-212-558-4000+1-212-558-4000 +1-212-558-3588+1-212-558-3588
whitet@sullcrom.com
Thomas C. White is a partner in the Firm’s Litigation Group. He represents leading global companies and financial institutions in complex commercial litigation, arbitration, and government investigations in the areas of securities law, contract disputes, ERISA, and bank regulation. He has represented some of the world’s leading corporations, financial institutions and industry organizations, including Barclays, Cytec, Giants Stadium, Goldman Sachs, the New York Bankers Association, The Clearing House, Popular, Swiss Re and UBS.

Rankings and Recognitions
New York Super Lawyers – Rising Star (2012-2017)


 

SELECTED REPRESENTATIONS

  • Represented UBS and members of its supervisory board and senior management after UBS’s market capitalization declined by nearly $115 billion, following disclosures of UBS’s subprime and auction rate securities losses and its DOJ and SEC settlements relating to U.S. cross-border tax issues. Previously, the S&C team including Mr. White obtained the dismissal of all claims brought by all UBS shareholders who purchased shares on foreign exchanges, which eliminated more than 85 percent of the theoretical damages. In May 2014, the United States Court of Appeals for the Second Circuit affirmed these decisions.
  • Represented UBS and several current and former officers and employees in obtaining the dismissal of a putative ERISA “stock drop” class action. This decision was upheld on appeal.
  • Representing Barclays in a securities class action pending arising out of the company’s credit crisis-related writedowns, and previously represented Barclays in litigation brought by the Federal Housing Finance Agency, as conservator for Fannie Mae and Freddie Mac, concerning the purchase of RMBS by Fannie and Freddie from Barclays and other financial institutions.
  • Represented the New York Bankers Association successfully in persuading the Southern District of New York to strike down the “New York City Responsible Banking Act” under the U.S. and New York State constitutions. The RBA had sought to impose city regulation over banks in contravention of the exclusive regulatory power of the federal and state governments.
  • Represented Giants Stadium in its claims in the Lehman bankruptcy concerning swaps used to hedge the risk of financing the new stadium.
  • Representing Cytec Industries Inc. (now part of the Cytec-Solvay group) in connection with a dispute arising out of the $1.5 billion sale of Cytec’s coating resins business.
  • Represented Popular, Inc. and officers and directors of Popular in federal court in ERISA, shareholder derivative and securities class actions arising out of Popular’s accounting for deferred tax assets.