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Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

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Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

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Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support women and minorities’ professional success.

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  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

Schulte successfully represented National Bank of Canada and various of its Canadian and U.S. subsidiaries (“NBC”) in a major litigation relating to the alleged manipulation of a benchmark rate known as the Canadian Dollar Offered Rate (“CDOR”). On March 14, 2019, Judge Analisa Torres of the U.S. District Court for the Southern District of New York dismissed a putative class action alleging the manipulation of CDOR in its entirety, thereby adopting many of the arguments made by the Schulte team on behalf of NBC and the other defendants (Schulte was one of the two lead law firms coordinating the defense on behalf of all the defendants in this case.). The court dismissed all of the foreign defendants on personal jurisdiction grounds; the antitrust claims for lack of antitrust standing (and in part on statute of limitations grounds), the RICO claims as impermissibly extraterritorial (and in part on statute of limitations grounds) and the Commodity Exchange Act claims on statute of limitations grounds in their entirety and declined to exercise pendant/supplemental jurisdiction over the state law claims. 

The Schulte team representing NBC was led by litigation partner Harry Davis and special counsel Brian Kohn and included associate Thomas DeFranco.

With this victory, Schulte has secured dismissals on behalf of all the clients it has represented in benchmark rate cases, having earlier obtained dismissals for Tullett Prebon plc and various of its affiliates in benchmark rate cases alleging manipulation of US Dollar LIBOR, Yen LIBOR/EuroYen TIBOR and BBSW (an Australian benchmark rate).