David J. Goldsmith

With more than 20 years of experience in complex securities and financial services litigation, David J. Goldsmith has been recognized by Lawdragon as “among the leading plaintiff financial lawyers nationwide” and twice recommended in the securities litigation field by The Legal 500.

A member of Schlam Stone & Dolan’s structured finance litigation team, David currently represents a large European bank in a series of litigations against the trustees and underwriters of more than $1.5 billion of residential mortgage-backed securities (RMBS).  David also handles and advises in various commercial litigation and appellate matters.

Before joining Schlam Stone, David was a member of the securities class action group and responsible for appeals as a partner of a large plaintiff-side securities litigation firm. As a trial lawyer, David was a key member of several litigation teams that achieved multi-million dollar settlements for the firm’s institutional investor clients, totaling nearly $2.5 billion. These successes included, among others, a $624 million settlement in the landmark securities class action against Countrywide Financial Corporation; a $504.5 million settlement in a major antitrust class action charging a conspiracy by the world’s largest banks to manipulate the U.S. Dollar ISDAfix benchmark interest rate; a $300 million settlement in a class action alleging unfair and deceptive acts and practices by State Street Bank in connection with foreign currency transactions; and a $62 million settlement for the benefit of investors in certain Regions Morgan Keegan closed-end funds. David also recovered tens of millions of dollars for a large German bank and a global asset manager in individual fraud actions concerning the issuance and sale of RMBS.

As an appellate lawyer, David handled multiple federal securities law appeals as well as an appeal by an intervenor challenging a major class action settlement in a case asserting federal securities law claims in state court.  In the Supreme Court of the United States, David acted as co-counsel for AARP and AARP Foundation as amici curiae in China Agritech, Inc v. Resh, 138 S. Ct. 1800 (2018), and as co-counsel for a group of federal jurisdiction and securities law scholars as amici curiae in Cyan, Inc. v. Beaver County Employees Retirement Fund, 138 S. Ct. 1061 (2018).

David is a member of the American Association for Justice, the Federal Bar Council, the New York State Bar Association, and the Association of the Bar of the City of New York.

David received his law degree from the Benjamin N. Cardozo School of Law, Yeshiva University, and holds bachelor’s and master’s degrees from the University of Pennsylvania. During law school, David was Managing Editor of the Cardozo Arts & Entertainment Law Journal and served as a judicial intern to the Hon. Michael B. Mukasey, former Chief United States District Judge for the Southern District of New York.

Away from law practice, David is a tenor and board member with AmorArtis, a chamber chorus dedicated to illuminating the relationship between Renaissance, Baroque, and Contemporary music.