Mahesh V. Parlikad (Hesh)

Partner

New York + 1.212.326.3474

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Hesh Parlikad represents companies and financial institutions in all phases of litigation, including trial, arbitration, and appellate proceedings. His practice focuses on disputes involving complex financial products and securities, and he has litigated and tried novel disputes arising out of the Lehman bankruptcy concerning derivatives governed by International Swaps and Derivatives Association (ISDA) documentation. He has also represented financial institutions in prelitigation and litigation matters concerning securitizations and structured financial products. Hesh also has an active ESG (environmental, social, and governance) practice and routinely represents clients in disputes concerning traditional and renewable energy and carbon market transactions, including power purchase agreements, virtual power purchase agreements, and proxy revenue swaps. He has also litigated energy-finance matters concerning force majeure and other disruptions in the context of the increased power demand driven by the data center build-out.

In addition, Hesh has in-depth experience litigating cross-border issues and defending foreign companies in U.S. courts. He advised Tech Mahindra on U.S. securities laws issues involved in its successful acquisition of India-based and NYSE-listed Satyam Computer Services in 2009, and then represented Tech Mahindra in securities and investor cases in the United States and England. Through this, Hesh helped Tech Mahindra successfully resolve much of the worldwide investor claims faced by Satyam.

Hesh chairs the Inclusion and Advancement Committee in Jones Day's New York Office. He also chairs the Endorsements Committee of the South Asian Bar Association of North America.

Experience

  • Deutsche Bank defeats class certification in interest rate swaps antitrust litigationJones Day client Deutsche Bank prevailed in its efforts to defeat class certification in the In re Interest Rate Swaps Antitrust Litigation matter in the Southern District of New York.
  • Targa Resources Partners executes long-term power purchase agreement to enable financing of 160 MWac project to procure solar energy to advance its long term sustainability strategy to reduce emissions intensityJones Day advised Targa Resources Partners LP on a long-term power purchase agreement to source renewable electricity from Concho Valley Solar, LLC to enable financing of a 160 MWac project to provide solar energy to Targa’s natural gas processing infrastructure in the Permian Basin in West Texas to advance its long term sustainability strategy to reduce emissions intensity.
  • Major Indian pharmaceutical company resolves securities fraud class action relating to FDA warning letterJones Day resolved a class action lawsuit filed against a major Indian pharmaceutical company in federal court, alleging violations of the federal securities laws in connection with a warning letter issued by the U.S. Food and Drug Administration ("FDA") to the company.
  • Corporate trustees seek advice relating to LIBOR transitionJones Day is advising two U.S.-based corporate trustees with respect to portfolios impacted by LIBOR transition and COFI cessation, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
  • Wells Fargo obtains denial of class certification in RMBS trustee litigation alleging hundreds of millions of dollars in lossesJones Day represents Wells Fargo Bank, N.A., in a putative class action alleging hundreds of millions of dollars in classwide losses to investors on notes issued by two residential mortgage backed securities (RMBS) trusts for which Wells Fargo serves as trustee.
  • Deutsche Bank resolves class action lawsuit over allegations of conspiracy to stifle competition in CDS marketJones Day client Deutsche Bank AG, New York achieved a settlement agreement in an antitrust class action brought by an Ohio union pension plan claiming that Deutsche Bank and other bank defendants conspired to prevent the development of credit default swap ("CDS") exchange trading and CDS futures products in an effort to stifle competition in the CDS market, in turn allegedly raising fund managers' costs.
  • German banking institution protects its rights in civil action arising from municipal guaranteed investment contract ("GIC") that bank entered into with U.S. municipalityJones Day is representing a German banking institution in a civil action arising from a municipal guaranteed investment contract ("GIC") that the bank entered into with a U.S. municipality.
  • ProScholars Athletics obtains non-profit exempt statusJones Day assisted ProScholars Athletics, Inc. ("PSA"), a U.S. organization that runs a sports-based college preparatory program for underserved youth in the New York area, in obtaining a tax-exempt status ruling from the Internal Revenue Service.
  • Lehman Brothers, as Plan Administrator, challenges calculation of derivative termination paymentJones Day is representing Lehman Brothers Holdings Inc., as Plan Administrator, regarding calculation of derivative termination payment and possible recovery of collateral in connection with an accelerated share repurchase transaction between Lehman Brothers OTC Derivatives Inc and Intel Corporation.
  • Banorte obtains dismissal of claims it tortiously interfered with financial services consulting agreementJones Day successfully defended Banorte, a major Mexican bank, and its affiliates and certain of their directors and officers who were sued in New York Supreme Court on the allegation that they had tortiously interfered with plaintiffs' financial services consulting agreement with co-defendant Metrofinanciera in connection with the termination of a foreign exchange swap agreement between Metrofinanciera and a Banorte affiliate.
  • Mahindra Satyam resolves global investor claimsJones Day resolved world-wide claims brought against Mahindra Satyam by former investors in connection with the alleged admission of Satyam's former Chairman that he deliberately misstated the Company's accounts for several years.
  • Lehman Brothers bankruptcy estate obtains advice in connection with potential litigation concerning derivative transactionsJones Day represents Lehman Brothers Holdings Inc. and its affiliated debtors and debtors-in-possession in the chapter 11 bankruptcy proceedings before the United States Bankruptcy Court.
  • Satyam Computer Services defends securities fraud class actionJones Day is representing Satyam Computer Services Ltd. (n/k/a Mahindra Satyam) in a securities class action filed in the Southern District of New York.
  • PLVTZ officers resolve securities fraud actionJones Day represented former officers of PLVTZ, Inc. (PLTVZ) in an action asserting claims for violation of New Jersey's securities fraud statute for fraudulent and negligent misrepresentations in connection with YA Global's purchase of a $22 million secured convertible debenture and warrant from PLVTZ in August 2007.
  • Tech Mahindra acquires Satyam for $600 millionJones Day represented Tech Mahindra Limited, a leading provider of solutions and services to the telecommunications industry, in its acquisition of Satyam Computer Services, Ltd.
  • PILPG, acting as a global law firm, provides legal assistance to states and governments involved in conflictsJones Day lawyers have advised Public International Law & Policy Group ("PILPG") on various aspects of international law in connection with PILPG's representation of the Governments of Uganda and Nepal.
  • Burmese doctor is granted asylumNew York associates Bridget Crawford and Mahesh V. Parlikad, successfully represented Dr. P., a Burmese political activist and medical doctor, who was granted asylum in May 2009.
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