Jamie Dycus

Litigation

• Representing a large international financial institution in multiple putative class actions alleging spoofing in the markets for precious metals futures and options
• Representing a large international financial institution in a putative antitrust class action alleging anticompetitive activity affecting variable rate debt obligations
• Representing a large international financial institution in litigation alleging unlawful spoofing and naked short selling in the market for certain securities
• Obtained dismissal of a putative class action asserting antitrust, RICO, CEA and common law claims against a large international financial institution based on alleged manipulation of the Canadian Dollar Offered Rate
• Obtained dismissal of common law claims asserted by commercial borrowers against an international financial institution and its national and state bank affiliates arising from alleged misrepresentations related to USD LIBOR, then successfully defended the dismissal before the Second Circuit
• Obtained dismissal of common law claims asserted by commercial borrowers against an international financial institution and its national and state bank affiliates arising from alleged misrepresentations related to USD LIBOR, then successfully argued in defense of the dismissal to the Third Circuit
• Obtained dismissal of putative class actions asserting antitrust, RICO, and CEA claims against a large international financial institution based on alleged manipulation of ICE LIBOR, Swiss franc LIBOR, Euribor and GBP LIBOR
• Represented a large international financial institution in connection with multiple putative class actions asserting antitrust, RICO, CEA and common law claims based on alleged manipulation of USD LIBOR, Yen LIBOR, the Singapore Interbank Offered Rate, and the Australian Bank Bill Swap Rate
• Obtained dismissal of common law claims against an international financial institution arising out of alleged facilitation of a pyramid scheme, then successfully argued in defense of the dismissal to the Second Circuit
• Represented a large international financial institution in connection with FINRA arbitration alleging misconduct in relation to foreign exchange transactions
• Represented a national bank in multiple putative class actions asserting federal and state law claims related to payroll cards and debit cards used for government payments
• Represented a national bank in multiple putative class actions asserting state statutory and common law claims based on alleged deficiencies in a retail coin-counting service
• Represented a national bank in connection with a putative class action concerning overdraft fees and transaction posting order
• Obtained dismissal of a putative class action asserting against a credit card issuer based on alleged violations of the Truth in Lending Act
• Obtained dismissal of a putative class action alleging violations of federal securities law by a multinational commodity trading company
• Obtained dismissal of federal and state securities law claims against a large broker-dealer in connection with alleged market-making of unregistered securities

Regulatory and Enforcement

• Represented financial institutions in enforcement actions related to consumer deposits, overdraft practices, credit card add-on products, credit reporting, small-dollar lending and prepaid cards
• Assisted clients with responding to government subpoenas, civil investigative demands, 15-day letters, Proposed Action Response Requested (PARR) letters, and Notice and Opportunity to Respond and Advise (NORA) letters
• Counseled multiple national banks and credit card issuers concerning compliance with UDAP/UDAAP prohibitions and state consumer protection laws
• Counseled multiple financial institutions concerning compliance with the overdraft and error resolution requirements of the Electronic Fund Transfer Act and Regulation E
• Counseled multiple financial institutions concerning requirements governing international consumer remittances and wholesale wire transfers, including the Electronic Fund Transfer Act, Regulation E, the Uniform Commercial Code and network rules
• Counseled a large national bank concerning regulatory requirements for prepaid cards and other similar consumer and commercial payment solutions
• Counseled multiple financial institutions concerning branching and exportation of interest rates under the National Bank Act
• Counseled a large international financial institution concerning the establishment of a commercial cash management business
• Counseled a large participant in the Paycheck Protection Program concerning the development of applicable policies and procedures

Pro Bono

• Represented individual clients in immigration and related proceedings in the New York, Newark and Los Angeles Immigration Courts and in US district court
• Co-authored multiple briefs to the US Supreme Court and the Tenth Circuit on behalf of legal scholars acting as amici in support of challenges to the qualified immunity doctrine
• Co-authored a brief to the US Supreme Court on behalf of legal scholars acting as amici in a Suspension Clause challenge to a denial of habeas corpus review to a person in immigration proceedings
• Co-authored a brief to the US Supreme Court on behalf of legal scholars acting as amici in support of a challenge to the 2017 Executive Order banning entry to the United States by noncitizens from predominantly Muslim countries
• Co-authored a brief to the Ninth Circuit on behalf of retired immigration judges acting as amici in support of a challenge to lengthy pretrial detention of persons in immigration proceedings
• Co-authored a brief on behalf of legal scholars acting as amici in support of a challenge to family separation practices at the US-Mexico border
• Co-authored a brief on behalf of members of Congress acting as amici in support of a challenge to arbitrary limitations on asylum seekers at the US-Mexico border
• Successfully argued to the Sixth Circuit and litigated on remand in US district court in a First Amendment lawsuit brought by a federal prison inmate
• Co-authored a brief to the US Supreme Court on behalf of a cross-ideological group of non-profit organizations acting as amici in a Fourth Amendment challenge to police practices

Jamie Dycus represents financial institutions and other commercial clients in high-stakes litigation and enforcement matters. Jamie has handled numerous large class actions and other disputes for banks, broker-dealers, trading firms and other clients subject to claims under banking, antitrust, securities, and consumer protection laws.  In his regulatory practice, Jamie represents financial institutions facing supervisory, investigative, and enforcement action by the CFPB and other federal regulators.

In his litigation practice, Jamie has represented clients in numerous complex class actions and other disputes in federal and state courts at the trial and appellate level.  He has successfully defended his clients against a broad array of legal claims, including under antitrust law, the securities laws, federal and state banking and consumer protection laws, and RICO, as well as state law contract and tort theories.

Jamie’s regulatory and enforcement practice involves the representation of financial institutions before federal financial regulators in public and non-public supervisory and enforcement matters.  In particular, he has represented clients in consequential CFPB matters since the very early days of the Bureau.  His expertise spans consumer deposits, overdraft services, remittances, prepaid cards, home lending, small-dollar lending, credit cards, and credit reporting.  He also frequently counsels financial institutions concerning compliance with consumer financial law.

Jamie has an active pro bono practice. He has represented individual clients in immigration matters involving claims for relief from removal and family reunification issues and has participated on behalf of amici in trial and appellate immigration-related matters addressing restrictions on asylum-seeking, pretrial detention and jurisdiction over habeas challenges. He has also participated on behalf of amici in criminal law matters, including matters in the US Supreme Court addressing police practices and the doctrine of qualified immunity.

Prior to joining King & Spalding, Jamie clerked for the Honorable Reena Raggi of the US Court of Appeals for the Second Circuit and the Honorable Raymond J. Dearie of the US District Court for the Eastern District of New York. Jamie was also previously a Liman Fellow in the Racial Justice Program of the American Civil Liberties Union.