Philippe Selendy


212 390 9002

Philippe Selendy is a founding partner of Selendy & Gay.

In 2016, The American Lawyer named Philippe “Litigator of the Year,” awarding him its first Grand Prize in Litigation. Over the last decade, Philippe has recovered over $35 billion for his clients on the plaintiff side, while also successfully defending clients in a broad range of areas. Named a National Law Journal “Trailblazer,” a “Top 100 Trial Lawyer” by Benchmark Litigation, a “Leading Lawyer” by Lawdragon 500, a New York Metro “Super Lawyer,” both a “Securities MVP” and a “Banking MVP” by Law360, and a “Leading Lawyer in Securities Plaintiff Litigation” by The Legal 500, Philippe is a four-time AmLaw “Litigator of the Week.” As Benchmark Litigation reports, Philippe “has achieved national prominence for his litigation and international arbitration practice in areas including securities, insurance, and energy.” Lauded by the Financial Times as “The Man Who Took on Wall Street,” and by Reuters and AmLaw as the “$25 Billion Man,” AmLaw reported that the Federal Housing Finance Agency “hit the jackpot” when it hired Philippe to lead its “litigation assault on Wall Street.”

Philippe has 25 years of experience in complex commercial litigation with expertise in areas including securities, financial products, insurance, energy, antitrust, appellate, domestic and international arbitration, and public-sector litigation.

Examples of Philippe’s experience include:

  • Federal Housing Finance Agency v. Nomura, et al.: Served as lead counsel for FHFA in a one-month securities fraud trial in the Southern District of New York, in which plaintiff asserted claims under the ’33 Act and the Blue Sky statutes of D.C. and Virginia based on statements made by Nomura and RBS in offering materials for residential mortgage-backed securities. After the presentation of over 40 witnesses including a dozen experts, FHFA won on all of its claims, obtaining over $800 million for U.S. taxpayers from Nomura and RBS. The court’s 361-page decision shone a harsh spotlight on industry-standard practices in the period leading to the Great Recession, holding that “the magnitude of falsity, conservatively estimated, was enormous.” The judgment was unanimously affirmed by the Second Circuit.
  • Other Federal Housing Finance Agency Litigations: Over seven years of litigation in the Southern District of New York and District of Connecticut, acted as lead counsel for FHFA across its entire platform of RMBS litigation, obtaining $25 billion in settlements for U.S. taxpayers in residential mortgage-backed securities suits against Bank of America, Barclays, Citigroup, Credit Suisse, Countrywide, Deutsche Bank, First Horizon, Goldman Sachs, HSBC, JPMorgan, Merrill Lynch, RBS, and UBS. See “R.B.S. to Pay $5.5 Billion to Settle Toxic Mortgage Claims in U.S.,” New York Times, 7/12/2017; “FHFA’s MBS Litigation Offers $25 Billion Reasons Why Government Should Hire Private Law Firms,” Reuters, 7/13/2017.
  • MBIA v. Bank of America and Countrywide: As lead counsel for monoline insurer MBIA against Bank of America, Countrywide, and related entities in litigation in New York state court arising out of securitization insurance, obtained a series of rulings including at summary judgment that set the basic framework for RMBS litigation nationwide, ultimately allowing MBIA to survive as a going concern and to achieve a multi-billion dollar settlement including the commutation of $7.4 billion in swaps.
  • BP v. North Atlantic Refinery Limited: Led team defending refinery in an international arbitration brought by BP over an exclusive oil supply agreement, developing critical counter-claims and winning key rulings against BP that transformed the nature of the action, allowing the bankruptcy-threatened refinery to resolve all claims and expand its operations.

Philippe’s public interest practice includes pro bono work for Vote Solar to promote advanced sustainable energy, as well as a trial victory as co-counsel with the NRDC in a precedent-setting methylmercury pollution case under RCRA. Philippe is a founding supporter of the Speyer Legacy School and a board member of IQ Squared.

Harvard Law School
(J.D., cum laude, 1993)

Harvard College
(A.B., cum laude, 1990)

Quinn Emanuel Urquhart & Sullivan
Partner, 2006-2018

Boies, Schiller & Flexner
Partner, 2000-2006

Leading Lawyer in Securities Plaintiff Litigation
(The Legal 500, 2019)

Plaintiffs’ Lawyer Trailblazer
(National Law Journal, 2019)

Top Rated Securities Litigation Attorney in New York
(Super Lawyers, 2014-2019)

Top 100 Trial Lawyers
(Benchmark Litigation, 2018)

National Litigation Star
(Benchmark Litigation, 2018)

Local Litigation Star
(Benchmark Litigation, 2018)

Leading Lawyer in America
(LawDragon 500, 2017-2019)

Litigator of the Week
(American Lawyer, 7/13/2017)
(American Lawyer, 5/14/2015)
(American Lawyer, 10/31/2013)
(American Lawyer, 1/5/2012)

National Star for Securities
(Benchmark Litigation, 2017)

Litigator of the Year: Grand Prize
(American Lawyer, 2016)

Capital Markets recognition
(Corporate LiveWire, 2016)

Trailblazer in Litigation
(National Law Journal, 2015)

MVP in Securities Law
(Law360, 11/13/2015)

Litigator of the Year—Northeast
(Benchmark Litigation, 2015)

MVP in Banking Law
(Law360, 11/18/2013)

Ranked in New York Securities Litigation
(Chambers USA)

Ranked Nationally in Securities – Mainly Plaintiff Litigation
(Chambers USA)

Ranked as Litigation Star – United States, Securities
(Benchmark Litigation)

Ranked as Litigation Star – United States, Plaintiff, Securities
(Benchmark Litigation)

Getting the Deal Through: Securities Litigation
(2015-2018 editions)
Law Business Research

“Risk-Mispricing of Structured Products Under New York Law”
(Oxford Univ. Press 2010)

State Bar of New York

United States Court of Appeals: Second Circuit

United States District Court: Southern District of New York