Financial Institution Liability

Financial institutions face increasingly costly risks as they navigate a widening array of management, regulatory and operational challenges.

Banks and other financial institutions face dramatically increased exposure in this heavily regulated, highly specialized industry. These risks often stem from technological developments relating to services such as on-line banking, remote deposits and biometric identification that intersect with emerging laws protecting personal privacy. Financial institutions also face compliance issues that trigger regulatory concerns and exposure to customers for unfair business practices. Many of these claims are presented in the form of class actions and involve statutory damages that are stratospheric in the aggregate. We have decades of experience handling these high-severity claims.