WilmerHale Team Recognized in Daily Journal’s Top Verdicts 2019 for Representing Bank of America in a Qui Tam Case

WilmerHale Team Recognized in Daily Journal’s Top Verdicts 2019 for Representing Bank of America in a Qui Tam Case

Recognition

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With litigators who previously served as senior lawyers in the Departments of Justice and Defense, and in-house for a major defense contractor, our team has successfully represented clients in difficult, high-stakes FCA litigation brought by relators and the government.

The Daily Journal has recognized WilmerHale for its representation of Bank of America in a qui tam California False Claims Act case in its 2019 “Top Verdicts” list. This annual series highlights the most impactful verdicts in California courts in 2019.

In the featured case, the WilmerHale team defended Bank of America against allegations of fraud in municipal bond underwriting. The relators, who filed identical cases in other states, alleged that the defendants—banks providing underwriting services—had fraudulently underpriced hundreds of municipal bond offerings for over a decade. On March 26, 2019, Judge Mary E. Wiss of the Superior Court of San Francisco County dismissed all claims against Bank of America and the other defendants with prejudice.

Partners Jonathan Cedarbaum and Matthew Benedetto led the team representing Bank of America, and Benedetto argued the motion to dismiss. The team included Jonathan Paikin, Justin Baxenberg and Kevin Gallagher.

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