Ali M. Arain is an experienced litigator who represents clients in high-stakes business disputes in both state and federal courts. He has extensive experience in financial services-related litigation and internal investigations, often representing companies in cases involving securities fraud, commercial contracts and complex financial products like mortgage-backed securities, collateralized debt obligations and credit default swaps. He also has significant experience representing companies and individuals being investigated by the Securities and Exchange Commission, the Department of Justice and state attorneys general.
Mr. Arain’s representative engagements include:
- Advising monitor to Credit Suisse Securities (USA) LLC following its $5.3 billion settlement with the US Department of Justice over the sales of residential mortgage-backed securities.
- Representing investors in commercial mortgage-backed securities case involving interpretation of loss-allocation provisions.
- Representing collateralized debt obligation issuer in breach of fiduciary duty case.
- Representing major energy company in $400 million breach of contract trial involving interpretation of early redemption provisions in corporate bond offering documents.
- Representing special servicer in commercial mortgage-backed securities case involving interpretation of successor-party provisions.
- Defending national lender in numerous litigations and regulatory enforcement actions in cases alleging violations of state and federal consumer protection laws.
- Representing national credit card processor in DOJ investigation involving compliance with FTC regulations.
- Representing financial institution in internal investigation of compliance with anti-money laundering and other regulatory requirements.
- Representing a Fortune 100 company under investigation by the DOJ for violations of the False Claims Act.
- Representing hedge fund in $300 million breach of contract trial involving successor obligor provisions in trust preferred securities.
- Representing major financial institution in a $300 million trial involving the interpretation of ratings triggers in a credit default swap agreement.
- Representing major insurance company in $10 billion case involving residential mortgage-backed securities fraud.
- Representing financial institution in a $60 million case alleging fraud in connection with the sale of notes in a collateralized debt obligation.
Mr. Arain maintains an active pro bono practice, including representing criminal defendants at both the trial and appellate court levels. He also received the New York City Mayor’s Award for Outstanding Contribution of Public Service for his pro bono legal work assisting victims of Superstorm Sandy.
Before joining Jenner & Block, Mr. Arain worked as a litigation associate at Quinn Emanuel Urquhart & Sullivan, LLP. He also served as a law clerk to the Honorable Daniel T. K. Hurley of the United States District Court for the Southern District of Florida. Mr. Arain received his JD from Emory University, where he graduated with honors, Order of the Coif, and served as Managing Editor of the Emory Law Journal. He received his undergraduate degree from Duke University.