Elizabeth Hoop Fay

Partner

Elizabeth Fay is a partner in Morgan Lewis's Litigation Practice. Ms. Fay's practice focuses on securities litigation, particularly on the representation of broker-dealers, issuers, and directors of public companies in civil litigation. She has represented securities brokers-dealers in dozens of lawsuits with investors, former brokers, and other broker-dealers, and she has defended numerous publicly held companies in a wide range of industries, and their directors, in shareholders' class and derivative actions.

Ms. Fay has represented securities broker-dealers and other clients outside the financial services industry in dozens of commercial arbitrations before the NASD (now FINRA) and the American Arbitration Association. She has litigated significant legal issues in the federal courts arising under the Federal Arbitration Act and handled appeals in the Second, Third, and Seventh Circuit Courts dealing with the scope and enforceability of arbitration clauses. She has represented issuers, broker-dealers, and individual clients in enforcement matters before the SEC, the NASD, and the Pennsylvania Securities Commission. In conjunction with her securities litigation and enforcement practice, Ms. Fay has counseled clients in the financial services industry regarding compliance issues.

Ms. Fay has lectured on developments in federal securities legislation and on broker-dealer litigation and securities industry arbitration topics to industry groups, bar association groups, and university classes on alternative dispute resolution.

Ms. Fay is admitted to practice in Pennsylvania and before the U.S. Supreme Court.