Howard Sidman is an experienced litigator who represents financial institutions and other companies in complex commercial disputes and securities, regulatory, and enforcement matters. He regularly advises clients regarding issues relating to representations and warranties in connection with residential mortgage-backed securities, including repurchase claims and related contractual disputes. As part of his practice, Howard routinely counsels trustees, monoline insurers, institutional investors, and mortgage loan originators along with other obligated parties. He also advises and defends claims relating to structured financial products, including credit default swaps and collateralized debt obligations.
In addition to his work on behalf of financial institutions, Howard's civil litigation experience includes representations relating to securities class actions, complex commercial class actions, and contract disputes. Recently, he won a multimillion dollar breach of contract dispute on behalf of a satellite operator against a commercial satellite launcher. He also successfully resolved a putative class action against Macy's department stores by a large class of vendors who sold goods to Macy's over a seven-year period. Howard assisted a major railcar manufacturer with the successful resolution of contractual disputes with various state governments. His products liability experience includes representations relating to paints, chemicals, and sterilization devices for medical equipment.
Howard also advises policyholders in complex insurance coverage disputes for various underlying liabilities, including catastrophic property damage and resulting business interruption, toxic torts, ERISA class actions, and securities cases. In connection with these disputes, he has recovered well over a half a billion dollars for policyholders.
Wells Fargo defends derivative and putative class action claims alleging wrongdoing with respect to 282 residential mortgage-backed securities trusts
Wells Fargo defends against complaint filed by Nomura Credit & Capital, Inc., the mortgage loan seller of six RMBS trusts, alleging representations and warranties breach
Quicken Loans successfully defends against RMBS putback suit in New York State court
Honors & Distinctions
Named a Rising Star by Law360 (2012)