Jeremy P. Robinson

Fannie Mae and Freddie Mac

Jeremy P. Robinson was an integral member of the Bernstein Litowitz Berger & Grossmann team that tried shareholder contract claims challenging the Net Worth Sweep — the 2012 amendment requiring Fannie Mae and Freddie Mac to transfer their entire quarterly net worth to the federal government, in perpetuity.

The litigation ran for more than a decade. The D.C. Circuit revived part of the action in 2017; the district court upheld the implied-covenant claims in 2018; and three shareholder classes were certified in 2021 after substantial discovery. A first trial in 2022 ended without a verdict, and the team returned in the summer of 2023 to try the claims again. The second jury unanimously found that the Federal Housing Finance Agency had breached the implied covenant of good faith and fair dealing and awarded the three classes $612.4 million.

With prejudgment interest for one class, the district court entered a final judgment of $812.05 million in March 2024, then denied the defendants’ request to overturn it, finding ample evidence behind the jury’s conclusion. On July 24, 2026, the D.C. Circuit affirmed the judgment in full, rejecting the government’s argument that Collins v. Yellen foreclosed the shareholders’ implied-covenant claim and holding that the Net Worth Sweep had violated the reasonable expectations of shareholders. Of the many lawsuits challenging the Net Worth Sweep, this action produced the only successful cause of action.

Robinson’s involvement extended across dismissal, remand, class certification, trial, post-trial motions, and the appellate defense of the final judgment.

Citigroup’s Forty-Eight Offerings

The Citigroup bond litigation covered forty-eight offerings of bonds and preferred securities issued between 2006 and 2008 — the very years the financial system strained toward crisis. Arkansas Teacher Retirement System and Louisiana Sheriffs’ Pension and Relief Fund were among the represented retirement funds, and BLB&G served as court-appointed bond counsel.

Robinson held a lead role as the investor team defeated dismissal efforts and developed evidence concerning mortgage assets, reserves, structured investment vehicles, offering documents, issuance dates, and contractual terms. Discovery included more than seventy depositions.

After more than four years of litigation, the parties agreed to a $730 million cash settlement for purchasers across the forty-eight debt and preferred offerings — among the largest recoveries ever achieved for purchasers of debt securities. The offering materials, mortgage exposures, issuance dates, and contractual terms were central to the class structure and the recovery, because forty-eight distinct offerings demanded a framework that honored each one.

Foreign Exchange at BNY Mellon

Robinson served as case leader in the Bank of New York Mellon foreign-exchange securities litigation led by Oregon public funds. Plaintiffs alleged that the custody bank described its foreign-exchange service as free and favorably priced while assigning customer transactions at unfavorable daily rates and concealing the related legal and business risks from shareholders.

The record crossed customer transactions, internal communications, whistleblower actions, state and federal enforcement, company statements, and market disclosures. Robinson organized that evidence around what BNY Mellon told investors and how the market received corrective information, carrying the securities theory through discovery.

The district court approved a $180 million cash settlement in October 2015. Four rounds of distribution between 2017 and 2020 fully disbursed the fund to eligible investors.

BNY Mellon and Citigroup involved different financial systems: one centered on a custody bank’s recurring foreign-exchange service, the other on capital raised through public debt and preferred offerings. Robinson held leading responsibility in both, locating the investor disclosure within a complex business process and carrying the theory from discovery to court-supervised resolution.

Allergan, Freeport-McMoRan, and Viacom

In the Allergan litigation arising from an alleged insider-trading scheme surrounding a hostile tender offer, Robinson helped secure a $250 million settlement on the eve of trial. Freeport-McMoRan derivative litigation produced a $153.75 million resolution, and a Viacom stockholder action challenging the Viacom-CBS merger produced a $122.5 million recovery.

Those proceedings addressed different asserted injuries — trading affected by alleged insider conduct, alleged corporate overpayment, and merger consideration — and each required its own transaction record, fiduciary theory, class or derivative procedure, trial preparation, approval terms, and remedy. The Allergan and Viacom recoveries went to stockholder classes, while the Freeport-McMoRan derivative resolution addressed the corporation’s claim.

Facebook and Appellate Practice

Robinson is one of the BLB&G partners leading the investor team, with Salvatore J. Graziano and Hannah Ross, on behalf of the Public Employees’ Retirement System of Mississippi in In re Facebook Securities Litigation. The case concerns alleged misrepresentations about misuse of user data and users’ control over personal information.

Shareholders allege that risk statements described misuse as a hypothetical possibility even though the Cambridge Analytica incident had already occurred. The Ninth Circuit restored the investor claims, and in 2024 the Supreme Court dismissed the writ of certiorari as improvidently granted. That disposition left the Ninth Circuit ruling standing and returned the case to the district court with the investors’ claims intact.

Robinson is admitted in New York and Ontario. He earned an LL.M. from Columbia Law School after receiving his law degree from Queen’s University, and an early year working with barristers and judges in London gave him a working fluency in another court system.

He is a partner in BLB&G’s New York office and has litigated securities and governance matters for more than two decades in federal, state, Delaware, and appellate courts. His docket has included federal securities appeals, contract claims arising from government conservatorship, public debt offerings, custody-bank transactions, mergers, derivative actions, stockholder remedies, and settlement administration.

Claims Through Judgment and Distribution

Robinson has helped preserve investor claims through Supreme Court review, supported a unanimous jury result through an affirmed final judgment, organized proof across forty-eight debt offerings and years of foreign-exchange transactions, and secured relief for stockholder classes and corporations. His work has extended from pleading and discovery through judgment, approval, appeal, and distribution.