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Education

  • J.D., New York University School of Law, 1973
  • B.A./M.A., Cambridge University, Cambridge, England, 1969
  • B.A., Harvard University, cum laude, 1967

Bar Admissions

  • New York

Court Admissions

  • U.S. District Court, Southern District of New York
  • U.S. District Court, Eastern District of New York
  • U.S. Court of Appeals, Second and Fourth Circuits

Memberships & Affiliations

The Association of the Bar of the City of New York

Edward T. McDermott

  • |
Partner
  • T: 212.609.6903
    F: 212.645.0514
    • Worldwide Plaza
      825 Eighth Ave., 31st Fl.
      New York, NY 10019

For decades, Mr. McDermott has handled commercial litigation and class actions throughout the country. His clients in those cases have included investors, investment advisors, broker-dealers, exchanges, underwriters, banks, directors, officers, corporate bond trustees, law firms and others. His litigation experience has involved the prosecution and defense of federal securities, RICO and commodities claims as well as various state law claims (including indemnification claims). His work also has included the representation of law firms facing malpractice or professional liability claims.

Most recently, Mr. McDermott was a key member of our team defending a top national bank and the country’s largest mortgage lender in a 14-year-long breach of contract class action demanding hundreds of millions in damages. A jury in New York federal court returned a verdict for our client on the much larger of two claims with a finding of no liability. After the jury returned a verdict of $54 million against our client on the second claim, in an unusual development, the court granted our post-trial motion for the decertification of the class of over 140,000 borrowers, thereby wiping out the $54 million verdict. The judge also denied the plaintiff’s motion for a new trial on the larger claim. This case is currently on appeal to the Second Circuit.

Mr. McDermott also has extensive experience in federal multidistrict litigation on behalf of mutual funds as well as their advisors, distributors, directors and officers. His work for those clients has included appearances in federal and state courts in California, Illinois, Maryland, Massachusetts, New Jersey and Texas.

Publications

12/15/17
Harvard Law School Forum on Corporate Governance and Financial Regulation