Nicole A. Allen is co-chair of the firm’s Financial Services Litigation Practice and a partner in the Securities Litigation and Enforcement Practice. She has extensive experience representing clients in disputes involving complex financial instruments and transactions, with a particular focus on commodities and securities class actions, financial fraud litigation, and CFTC and SEC enforcement actions. She is a member of the Trial Bar in the Northern District of Illinois.
Ms. Allen has been recognized as a “Rising Star” by Law360—an honor given to attorneys “whose legal accomplishments belie their age”— and by Illinois Super Lawyers in multiple years. She was most recently recognized for her work defending several Fortune 500 companies in two high-profile class action cases alleging market manipulation, fraud, and antitrust claims worth billions of dollars and involving commodity futures contracts and options.
Ms. Allen has represented clients both as plaintiffs and defendants. On the plaintiff side, she was part of the team representing a bankruptcy trustee asserting over $1 billion in claims in dozens of cases seeking damages from a large bank, multiple broker-dealers, an auditor, and other entities on behalf of innocent investors. This included prevailing on a $300 million fraudulent transfer claim against Bank of New York Mellon, which involved three Seventh Circuit appeals and resulted in a landmark ruling in fraudulent transfer law.
On the defense side, Ms. Allen has defended a variety of clients—including broker-dealers, investment advisors, large energy companies, multi-national food and beverage companies, grain merchants, and an industrial supply company— in a range of matters, including criminal cases initiated by the Department of Justice and Internal Revenue Service, enforcement actions initiated by the CFTC and SEC, FINRA arbitrations, and class action cases involving claims such as market manipulation, securities fraud, bribery, antitrust violations, and breach of fiduciary duty and breach of contract claims.
Ms. Allen devotes a substantial number of hours to pro bono clients and has tried several cases on their behalf. As one example, she briefed and successfully argued an appeal on behalf of a pro bono client before the US Court of Appeals for the Seventh Circuit, which resulted in the court vacating an adverse judgment and ordering a new trial for the client.
Ms. Allen is also a member of the firm’s Diversity and Inclusion Committee, and devotes substantial time to championing and improving diversity and inclusion at the firm.
Prior to joining Jenner & Block, Ms. Allen worked for DaimlerChrysler AG in their Human Resources and Corporate Union Relations Departments. During that time, she participated in labor contract negotiations between DaimlerChrysler and the UAW and was responsible for investigating and responding to charges filed against DaimlerChrysler with the National Labor Relations Board and Equal Employment Opportunity Commission.