Keith Thomas

England

Stewarts Law LLP · Partner and Head of Securities Litigation Keith leads Stewarts’ securities litigation practice and has led high profile multi-claimant actions on behalf of institutional investors against RBS Group, Tesco, Glencore and Petrofac to recover shareholder losses arising from misleading disclosures to the market of wrongdoing in those companies. He has a focus on complex and high-value commercial litigation with a particular emphasis on financial services and banking disputes. Keith’s expertise is in banking and financial litigation with a specialism in group actions. He is a leading practitioner in claimant securities litigation under the Financial Services and Markets Act where he acts for financial institutions including asset managers, public and private pension funds and sovereign wealth funds. He is a highly experienced commercial litigator and has acted for and against banks, corporates, high net worth individuals, trusts and government entities. His cases have covered numerous subject areas including dividend arbitrage disputes revolving around cum/ex and cum/cum trading, multi-jurisdictional and international disputes (particularly in the offshore jurisdictions), fraud and asset recovery, insolvency and high net worth private client and trust disputes. Experience The RBS Rights Issue litigation where he acted for 313 financial institutions to recover shareholder losses arising out of RBS’s 2008 rights issue. Acting for 64 financial institutions in their securities claim against Tesco to recover shareholder losses arising from Tesco’s 2014 accounting scandal. Acting for 44 financial institutions against Glencore in their group securities claim for losses relating to disclosure of Glencore’s bribery and corruption scandal. Acting for nine corporate and individual defendants in the SKAT Litigation, one of the largest pieces of litigation in the London courts relating to the Danish tax authority’s claims to recover £1.6bn of dividend withholding tax reclaims alleged to have been obtained by cum/ex fraud. Acting for a worldwide insurance company to recover losses in multiple jurisdictions arising from the fraud of its former CFO. Acting for a Japanese bank in relation to claims relating to its alleged withholding of mezzanine finance for a middle eastern oil refinery project.

England