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 securities litigation firm.

As an appellate lawyer, David has 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).

Away from law practice, David is a tenor and board member with the AmorArtis Chamber Choir.

  • 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).
  • Represents a national charitable organization in an action brought by the Attorney General for the District of Columbia charging violations of the D.C. Nonprofit Corporation Act, and that organization together with an affiliated non-profit as nonparty witnesses in a litigation brought by the Attorney General of New York against a related organization.
  • Represents a U.S. Immigration and Customs Enforcement agent in a Bivens action asserting excessive force claims under the Fourth and Fifth Amendments.   
  • Obtained a $624 million settlement in the landmark securities class action against Countrywide Financial Corporation.*
  • Obtained 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.*
  • Obtained a settlement in a class action alleging unfair and deceptive acts and practices by State Street Bank in connection with foreign currency transactions.*
  • Obtained a $62 million settlement to benefit investors in certain closed-end funds sold by Regions Morgan Keegan.*
  • Obtained tens of millions of dollars in recoveries for a large German bank and a global asset manager in individual actions alleging fraud in connection with the sale of RMBS.*

*Former firm.

  • Federal Bar Council
  • New York State Bar Association
  • Association of the Bar of the City of New York
  • New York County Lawyers’ Association
  • American Association for Justice

“My clients appreciate my responsiveness, keen eye for detail, and my strategic approach to solving their problems. The big picture is critical, but the small stuff matters too. I watch out for both.”