One of the largest telecommunications companies, in connection with consumer financial service laws that apply to certain of its services, including using consumer reports, selling mobile devices in installments, providing for automatic payments from bank accounts and debt collection.

Merchant Cash and Capital, a fintech lender, in connection with successfully obtaining dismissal of claims seeking $60 million in compensatory damages and $90 million in punitive damages, brought in New York Commercial Division by a competitor for tortious interference with contract and misappropriation of trade secrets.

Mount Olympus Mortgage Company in a jury trial finding rival mortgage lender Guaranteed Rate Inc. and its employee Benjamin Anderson liable for unlawfully transferring thousands of private and confidential consumer files and loan data from Mount Olympus’ computer systems to Guaranteed Rate. After an eight-week jury trial, Mount Olympus was awarded approximately $10 million in compensatory damages against both defendants. After making findings of malice, the jury awarded $12.5 million in punitive damages against Guaranteed Rate Inc. and $500,000 against Benjamin Anderson.

In a matter that has garnered extensive national attention, Manatt served as lead counsel representing one of the nation’s largest mortgage servicers in an enforcement action brought by, and a consent order entered into with, the Department of Business Oversight (California’s financial services regulator).

For a Native American tribe that engages in consumer lending, ongoing counseling and guidance with respect to federal consumer financial services rules that the tribe has determined to follow in connection with its lending activities.

One of the largest banks in the United States, in the defense of mortgage-related class actions across the United States arising out of alleged systemic defects in foreclosure sales, and which seek to invalidate foreclosure sales on a mass scale.

The defense of dozens of financial institutions, retailers and manufacturers in putative class actions alleging violations of the federal Telephone Consumer Protection Act.

U.S. Bank National Association, as trustee of Maiden Lane Commercial Backed Securities Trust 2008-1, in a successful verdict after trial to set aside a nonjudicial foreclosure sale of a multifamily residential complex initially valued at $143 million.

Financial Services Transactions

Advantage Insurance, a Puerto Rico-based leading international provider of specialty insurance products, in its $150 million initial public offering of common stock on the NYSE, led by Morgan Stanley, and publicly filed the company’s registration statement with the SEC.

BlockFi in its $52.5 million loan financing facility with Galaxy Financial, the firm founded by billionaire investor Mike Novogratz.

BoeFly, LLC, in its strategic acquisition by New Jersey-based ConnectOne Bancorp, Inc., parent company of ConnectOne Bank.

Bond Street in a $400 million loan purchase agreement and securitization with Jefferies Group, a securitization and institutional capital leader, and Stone Ridge Capital, a marketplace lending closed-end fund. Manatt also has been engaged to provide platform regulatory and borrower transaction support. The agreement expanded the size of Bond Street’s loan purchases up to as much as $400 million, facilitating its growth and helping thousands of small businesses across the country access fair and affordable financing.

Cadence Group, Inc. in structuring and executing a $40 million whole business securitization of FAT Brands, Inc., the NASDAQ-listed global franchising company.

CircleUP Network, Inc. and its affiliates in the closing of a $150 million financing transaction with Community Investment Management.

Climb Credit, an alternative student lender providing loans to students at nontraditional schools such as coding academies, in a $50 million warehouse loan financing from Goldman Sachs.

CU Bancorp in its sale to PacWest Bancorp, a bank holding company with more than 70 offices throughout California. The deal is valued at approximately $705 million.

Heritage Oaks Bancorp, the holding company for Heritage Oaks Bank that provides banking services to consumers and small and midsize businesses in California, in its $482 million sale to Pacific Premier Bancorp Inc.

Idea 247, Inc. (d/b/a Idea Financial), a leading marketplace lender, in securing a $70 million warehouse loan facility with Cross River Bank.

LiftForward in securing two $100 million warehouse debt facilities, including $100 million with Direct Lending Investments and $100 million with Monroe Capital LLC, a leading online small business finance originator. By completing these two critical supply loans, Manatt bolstered our client’s lending capacity.

MoneyLion, a personal lender that uses data-driven algorithms to help customers receive fast approvals and funding, in the closing of a warehouse debt facility with leading global bank Macquarie Group and the formation of Invest in America Fund. The debt facility was structured to finance up to $600 million of consumer loans over time, contingent on milestones.

Platinum Auto Finance of Tampa Bay, LLC, in securing a $100 million warehouse loan facility with Fortress Credit and $15 million in mezzanine financing with Lloyd Crescendo Advisors.

Presidio Bank in its $200 million merger with Heritage Commerce Corp. The transaction will create San Francisco Bay Area’s leading community business bank, with more than $4 billion in total assets and 17 branches.

Sandler O’Neill + Partners, L.P., an investment banking firm, as underwriter’s counsel in the initial public offering of Esquire Financial Holdings Inc. The IPO grossed over $33 million for the New York-based bank holding company and various selling stockholders.