Mr. Isenman represents mutual funds, investment advisers, fund and retirement plan service providers, insurance companies, hedge funds, other financial services companies, and their respective officers and directors in a variety of litigation and regulatory contexts, including class actions, shareholder derivative litigation, internal investigations, and governmental investigations and inquiries. Mr. Isenman has significant trial experience, including taking two mutual fund market timing lawsuits to trial.
Outside of the financial services arena, Mr. Isenman frequently represents companies in class actions, complex business disputes, and other litigation.
Examples of recent representations include:
- The independent directors of a group of mutual funds, successfully obtaining the dismissal of a putative shareholder derivative and class action that alleged breach of fiduciary duty in connection with the sale of the mutual funds’ investment adviser, and successfully defending that judgment on appeal. Halebian v. Berv, 869 F. Supp. 2d 420 (S.D.N.Y. 2012), aff’d, 548 Fed. Appx. 641 (2d Cir. Nov. 12, 2013)
- A large mutual fund complex, successfully obtaining the dismissal of a putative 10b-5 class action alleging that fund prospectuses falsely represented that class A shares were better long-term investments than other share classes
- A closed-end fund and its board’s special litigation committee, serving as lead counsel in successfully defending the fund in an action brought by another closed-end fund arising out of a contested proxy contest
- A large financial services company, serving as lead counsel in successfully obtaining the dismissal of several putative class actions challenging the company’s use of retained asset accounts to settle life insurance claims, and successfully defending those dismissals on appeal
- A large 401(k) plan provider, conducting an internal investigation regarding payments to intermediaries in connection with sales of retirement services
- A large financial services company, serving as lead counsel in successfully obtaining the dismissal of a putative class action challenging an increase in cost-of-insurance charges in universal life insurance contracts
- A large financial services company, defending an ERISA "stock-drop" class action alleging breach of fiduciary duty in connection with origination and underwriting of sub-prime loans
- A large financial services company, successfully trying a lawsuit against a well-known mutual fund market-timer
- A special committee of the board of directors of a privately held company, serving as lead counsel in a dispute with a controlling shareholder
- Various financial services companies, investment advisers and related entities in connection with investigations or inquiries by the SEC, the FTC, the New York Attorney General's Office and other government regulators