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If Sharks Could Use E-Mail

As the nation's financial crisis continues, an ugly question rears its head every now and again: Is someone profiting from the fear and chaos that are careening through the markets and threatening the American way of life?

Well, it seems we have a partial answer, anyway...

From: Stephen D. Susman <[email address deleted]>
Date: Wed, Oct 1, 2008 at 10:47 AM
Subject: Susman Godfrey Forms Financial Fraud Task Force to Assist Clients in Nation's Financial Market Crisis
To: [email address deleted]

October 1, 2008

Dear Colleague:
The recent events on Wall Street have led to an unprecedented number of calls to Susman Godfrey attorneys from clients throughout the country seeking advice on potential claims. To assist in evaluating and pursuing such claims, we have formed a financial fraud task force of some of our most experienced partners from across the country and relocated them temporarily to our New York office. Eric Mayer of Houston, Terry Oxford of Dallas, Marc Seltzer of Los Angeles, and Floyd Short of Seattle are joining New York partners Steve Susman, Bill Carmody, Robert Rivera, and Jacob Buchdahl to assist clients in New York and nationwide. The combined expertise and experience of this group of attorneys - which includes veteran civil trial lawyers and former federal prosecutors experienced in investigating and trying financial fraud cases - will enable us to respond dynamically to the unprecedented events now sweeping through the Nation's financial markets and beyond.

The energies of the Executive Branch and Congress are now focused on dramatic measures to forestall further damage to the country's financial system and the economy as a whole, but the courts will play a vital role in allocating losses and establishing accountability for those losses. By establishing a financial fraud task force, Susman Godfrey has positioned itself to play a significant role in that process on behalf of our clients.

Founded in 1980, Susman Godfrey was recently named one of the top litigation boutique firms in the country by The American Lawyer. With 90 trial attorneys devoted exclusively to commercial litigation, we handle cases for both plaintiffs and defendants. On the plaintiff's side, we prefer to work on a contingent fee basis so that we get paid only if we win and our financial interests are completely aligned with our clients' interests. Most of our work is referred to us by large law firms who have conflicts or do not typically work on a contingent fee basis. We often are hired to sue or represent investment banks, accounting and auditing firms, private equity and hedge funds, commercial banks, large companies, and other financial institutions. Because we have a reputation for trying cases, we are also effective at settling them.

Our attorneys are often recognized for their excellence in prestigious legal publications including: Super Lawyers, Chambers Global, Chambers and Partners USA, and many more. Recently, co-managing partner, Stephen D. Susman, was recognized for two consecutive years (2006 and 2007) by Who's Who Legal: The International Who's Who of Business Lawyers as "Leading Commercial Litigator in the World." Seventeen of our attorneys were recognized by their peers as "2008 Rising Stars" in Super Lawyers magazine and 10 as "2008 Best Lawyers in America" by American Lawyer Media.

We urge you to look at our website ( for a detailed description of our lawyers, cases we have handled, clients we have represented, and references you can contact. We handle litigation involving financial institutions, debtors and creditors, securities, accounting/auditor liability, breach of contract, executive compensation, and antitrust.

Please let us know if we can help you or your clients. Contact our Financial Fraud Task Force at our New York office at (212) 336-8330 or call me directly at (212) 336-8331.

Steve Susman