Jon R. Roellke

Recognized annually in Chambers USA as a leading lawyer in antitrust, Jon’s clients describe him as “a fabulous lawyer who has been a great all-around antitrust counselor.” Legal 500, which also ranks Jon for his antitrust work, notes that his “legal acumen is priceless” and his advice is “practical and on-point.” Jon serves as counsel to a number of financial markets organizations, including the Securities Industry Financial Markets Association, the Investment Company Institute, and the Federal Reserve’s Financial Markets Lawyers Group and Alternative Reference Rate Committee.  

• Financial Benchmark Investigations and Litigation — Representing global financial institutions in multi-jurisdictional investigations and civil litigation alleging manipulation and antitrust violations relating to the setting of LIBOR and other financial benchmark rates
• Interest Rate Swaps Litigation, 16-MD-2704, NYLJ 1202794407274 (SDNY, Decided July 28, 2017) — Secured dismissal of ICAP Capital Markets LLC, an interdealer swaps broker, from an antitrust class action alleging collusive conduct concerning the development electronic exchange-based platforms for interest rate swap trades.
• Intel Corporation — Secured denial of class certification for Intel Corporation in antitrust consumer class action related to Intel’s discounting and other pricing practices. Paul v. Intel (No. 05-485-LPS) (July 31, 2014, D. De.)
• Simon v. KeySpan Corporation, et al. and Perez v. KeySpan Corporation, et al. — Represented Morgan Stanley in DOJ and FERC investigations and federal and state court actions alleging manipulation and antitrust violations arising from an energy derivative transaction. All claims in the federal and state court actions against Morgan Stanley were dismissed. 694 F.3d 196 (2d Cir. 2012), cert. denied, 133 S. Ct. 1998 (US 2013); 941 N.Y.S.2d 608 (App. Div. 2012), leave to appeal denied, 19 N.Y.3d 809, 951 N.Y.S.2d 109 (Table) (2012)
• In re TFT-LCD (Flat Panel) Antitrust Litigation (Northern District of California) — Represented Sharp Electronics Corp. in direct and indirect purchaser class actions and opt-out litigations alleging price-fixing in the sale of TFT-LCD panels used in TVs, computer monitors, laptops, cellphones and other products
• E*Trade Financial Corp. (Connecticut, Iowa, Missouri) — Represented E*Trade in state Attorneys General investigations into alleged collusive conduct in the retail securities brokerage industry
• Overstock.com, et al v. Morgan Stanley & Co., et al./Avenius, et al. v. Morgan Stanley, et al. — Represented Bank of New York Mellon and Pershing LLC in unfair competition cases challenging prime brokerage short sale practices
• Wood v. Baum (Delaware) — Secured dismissal of shareholder derivative lawsuit brought against an investment finance management company, alleging breaches of fiduciary duties relating to the company’s accounting practices. Dismissal affirmed by the Delaware Supreme Court. 953 A.2d 136 (Del. 2008)
• Credit Suisse Securities (USA) LLC v. Billing — Secured dismissal of Lynch in an antitrust class action challenging the initial public offering distribution practices of underwriters. 127 S. Ct. 2383 (2007)
• Draeger Medical Inc. — Represented Draeger Medical Inc. in federal antitrust lawsuit in the Eastern District of Texas challenging aftermarket service support, software, and replacement parts distribution policies.
• Cordes & Co. Financial Services, Inc. v. A.G. Edwards & Sons, Inc. — Represented Merrill Lynch in private antitrust class actions challenging initial public offering underwriting fees. 502 F.3d 91 (2d Cir. 2007)
• Telecom Tech. Servs. Inc. v. Rolm Company — Represented predecessor to Siemens Communications, Inc. in jury trial of intellectual property counterclaims in an antitrust case relating to the sale and service of telephone switching systems. 388 F.3d 820 (11th Cir. 2004)
• InterVest, Inc. v. Bloomberg, L.P. — Represented fixed-income broker-dealer in the United States District Court for the Eastern District of Pennsylvania in a refusal to deal antitrust case stemming from the failure of an e-commerce bond trading platform. 340 F.3d 144 (3d Cir. 2003)
• Fixed Income Trading Joint Ventures Investigations — Represented a major investment bank in joint venturer/fixed income broker-dealer in Justice Department antitrust investigations into multiple electronic bond trading platforms