Samantha E. Holbrook

Associate

EDUCATION
  • Temple University Beasley School of Law
    J.D. 2011
  • Pennsylvania State University
    B.A, 2007
ADMISSIONS
  • Pennsylvania
  • New Jersey
  • USDC, Eastern District of Pennsylvania
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Samantha E. Holbrook, an associate of the Firm, concentrates her practice in the areas of consumer protection, ERISA, and fiduciary litigation.

Samantha has engaged in in-depth motion practice on claims involving unfair business practices and consumer fraud. Samantha is well versed in multifaceted discovery disputes, and has helped successfully resolve complex nationwide claims on behalf of named plaintiffs and class members nationwide.   In cases brought around the country, she has helped thousands of borrowers injured by illicit mortgage servicing practices, has aided retirement plans in recovering from imprudent investment advice, and assisted others defrauded by kickback schemes disguised as legitimate business transactions.

Experience
Representative Outcomes
  • Launched the first class action brought on behalf of Bank of New York Mellon Corp’s (BNY Mellon) Forex (FX) trading clients.

    On behalf of the Southeastern Pennsylvania Transportation Authority Pension Fund and a class of similarly situated domestic custodial clients of BNY Mellon, we alleged that BNY Mellon secretly assigned a spread to the FX rates at which it transacted FX transactions on behalf of its clients’ who participated in the BNY Mellon’s automated “Standing Instruction” FX service.  BNY Mellon determining this spread by executing its clients’ transactions at one rate and then, typically, at the end of the trading day, assigned a rate to its clients which approximated the worst possible rates of the trading day, pocketing the difference as riskless profit.  This practice was despite BNY Mellon’s contractual promises to its clients that its Standing Instruction service was designed to provide “best execution,”  was “free of charge” and provided the “best rates of the day.” The case asserted claims for breach of contract and breach of fiduciary duty on behalf of BNY Mellon’s custodial clients and sought to recover the unlawful profits that BNY Mellon earned from its unfair and unlawful FX practices.  The case was litigated in collaboration with separate cases brought by state and federal agencies, with Kessler Topaz serving as lead counsel and a member of the executive committee overseeing the private litigation.  After extensive discovery, including more than 100 depositions, over 25 million pages of fact discovery, and the submission of multiple expert reports, Plaintiffs reached a settlement with BNY Mellon of $335 million.  Additionally, the settlement is being administered by Kessler Topaz along with separate recoveries by state and federal agencies which bring the total recovery for BNY Mellon’s custodial customers to $504 million.  The settlement was finally approved on September 24, 2015.  In approving the settlement, Judge Lewis Kaplan praised counsel for a “wonderful job,” recognizing that they were “fought tooth and nail at every step of the road.”  In further recognition of the efforts of counsel, Judge Kaplan noted that “[t]his was an outrageous wrong by the Bank of New York Mellon, and plaintiffs’ counsel deserve a world of credit for taking it on, for running the risk, for financing it and doing a great job.”

Awards/Ranking

Philadelphia Trial Lawyers Association James J. Manderino Award for Trial Advocacy, Temple Beasley School of Law, 2011

Membership

Pennsylvania Bar Association

Community Involvement

Samantha has been an adjunct professor for Temple’s Beasley School of Law since 2012 as a coach for Temple’s National Award-Winning Trial Team, including coaching a National Trial Team to a first place victory in the Capitol City Challenge Tournament hosted by American University’s Washington College of Law in March, 2014.   Samantha also plays an active role in Philadelphia’s animal welfare community.  She is the President of Citizens for a No-Kill Philadelphia, a nonprofit animal welfare advocacy organization, and is a member of the Board of Directors of City of Elderly Love, a nonprofit senior-based animal rescue that Samantha co-founded in 2014.  Samantha is also an active team member of FUEL the CURE, a nonprofit philanthropic organization of young professionals that inspires and enables acts of volunteerism and charitable giving.