Matthew A.Martel (Matt)

Partner

(T) 1.617.449.6923

Matt Martel has nearly 20 years of experience representing financial institution clients in a broad range of disputes including securities litigation, litigation arising from mergers and acquisitions, government and self-regulatory organization investigations and enforcement actions, and bankruptcy matters. He works with commercial and investment banks, trustee banks and other custodial institutions, investment advisers, broker-dealers, hedge funds, and other private equity funds. Clients value equally his creative approaches to litigation avoidance and his ability to obtain successful outcomes in high-stakes litigation.

Matt has represented financial institutions in matters involving the SEC, CFTC, CFPB, OCC, Department of Treasury, Department of Commerce, FINRA, and state securities and consumer regulators. He successfully tried a case on behalf of a management buyout group involved in a going private transaction for a financial services firm in which the plaintiffs sought statutory appraisal of their shares. Matt also represented the indenture trustee in favorable outcomes in federal court actions in which equity holders challenged the trustee's foreclosures on aircraft subject to leases with debtor airlines and obtained a multimillion dollar judgment for a client in the electronics contract manufacturing industry following summary judgment hearing in a bankruptcy court adversary proceeding.

Matt regularly speaks at financial industry events and has written articles on a range of topics, including subprime litigation faced by mortgage lenders in bankruptcy.

Experience

U.S. Bank obtains another appellate victory in cases alleging hundreds of millions of dollars in losses relating to residential mortgage-backed securities
Jones Day successfully defended on appeal the dismissal of an action against U.S. Bank seeking hundreds of millions of dollars in alleged losses in connection with certificates issued by 32 residential mortgage backed securities trusts for which U.S. Bank serves as trustee.

GMAC Mortgage defends against Unfair and Deceptive Practices lawsuit
Jones Day is representing GMAC Mortgage LLC in unfair and deceptive practices claims brought by the Attorney General of Massachusetts under Chapter 93A arising out of certain mortgage foreclosures carried out on behalf of GMAC LLC.

The following represents experience acquired prior to joining Jones Day.

Securities Litigation
Represented an investment bank in several cases in which it was accused of securities fraud in connection with the issuance of residential mortgage-backed securities.

Represented a financial services provider in successful resolution of a state securities class action arising out of a going private transaction.

Represented a telecommunications services provider in federal derivative actions and a federal securities class action arising out of alleged options backdating, all of which were either dismissed or settled on favorable terms.

Government and Self-Regulatory Organization Investigations and Enforcement
Represented a large mortgage servicer in a civil enforcement action brought by the state attorney general challenging the servicer's foreclosure practices in connection with residential mortgage-backed securitizations.

Represented the trustee of residential mortgage-backed securitizations in several cases challenging use of an electronic mortgage registry by the trustee.

Bankruptcy Litigation
Represented indenture trustee in a bankruptcy adversary proceeding concerning the rights of certain trust-preferred security holders to trigger the redemption of defeasance of the securities.

Additional Publications

  • June 2016Madden v. Midland Funding, LLC: Supreme Court Denies Review of Controversial Second Circuit Ruling
  • May 2016Madden v. Midland Funding, LLC: Solicitor General Recommends Against Certiorari but Explains Flaws in the Second Circuit's Controversial Decision
  • March 2016Madden 2016: U.S. Supreme Court Calls for the Views of the Solicitor General in Case with Significant Implications for the Consumer Debt Market
  • April 2015State Regulators Propose New Prudential Standards for Nonbank Mortgage Servicers
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