Jay Tambe is a Partner at the global law firm of Jones Day. He graduated University of Toronto with a B.A. in Economics with honors in 1989, and the University of Notre Dame Law School cum laude in 1992. He started as an associate at Jones Day in 1995. Jay leads the Financial Institutions Litigation & Regulation practice at Jones Day, and is a member of the Advisory Committee, a governing committee that advises the Managing Partner of the Firm on issues of strategic importance to the governance and growth of the Firm. Jay has been recognized by Chambers USA as a “Leader in Their Field” since 2013. In 2014, he was nominated as a Complex Financial Products Expert by the Panel of Recognized International Market Experts in Finance (P.R.I.M.E.), an institution established in The Hague to help resolve, and assist judicial systems in the resolution of, disputes concerning complex financial transactions. The panel is comprised of over 100 legal and financial experts from around the world, including leading judges from several jurisdictions. Jay recently spoke on a panel at the P.R.I.M.E. Conference in The Hague titled “Complex Finance in the Courts: Recent Jurisprudence” at which recent caselaw regarding complex financial products was discussed. Jay is an active member of the South Asian Bar Association of New York (“SABANY”) and was awarded their Corporate Leadership Award in 2011. At Jones Day, Jay advises clients on litigation concerning securities, derivatives, and other complex financial products including credit default swaps and collateralized debt obligations. He frequently deals with cross-border issues and is well-versed in navigating international discovery and judgment enforcement. He has broad litigation experience under federal and state consumer protection and disclosure statutes and routinely provides prelitigation advice on documentation and risk mitigation concerning CDOs, swaps, and other derivatives. Jay has led several major representations at Jones Day, including:
- Representing Tech Mahindra Ltd. in acquiring the distressed assets of Satyam Computer Services, Ltd. and then leading the defense of: (i) an investor class action brought in the New York, (ii) an opt-out investor action initially filed in Pennsylvania, and (iii) claims brought by investment funds in the Commercial Court in London. These were multi-billion dollar claims that threatened the turnaround at Satyam. The U.S. class action resolved through a settlement, the first of its kind involving an Indian company, and provided a settlement mechanism that operated in harmony with various Indian regulatory, tax and judicial procedures, including relief from the Reserve Bank of India and the Authority for Advance Rulings on taxation.
- Representing Lehman Bros. Holdings, Inc. and its affiliated debtors in various derivatives litigations resulting from the bankruptcy, as well as in a litigation against Barclays Capital, Inc.
- Representing Wells Fargo Bank, N.A. in multi-billion dollar derivative and putative class action lawsuits filed by institutional investors in several hundred residential mortgage-backed securities trusts.
- Representing Deutsche Bank, A.G., in various litigations and restructuring negotiations concerning credit default swaps and collateralized debt obligations.
- Representing Indian technology service companies such as Rediff.com and iYogi, Inc.,in connection with investor and consumer class actions.