Omid H. Nasab is a partner in Cravath’s Litigation Department and a member of the Firm’s Financial Restructuring & Reorganization practice.
Mr. Nasab recently represented Credit Suisse in the Lehman bankruptcy related to the early termination of derivative trades. In June 2018, he obtained a settlement providing Credit Suisse creditors with allowed claims of $385 million for derivative claims and $363 million for guarantee claims. He previously represented the company as lender and administrative agent of the revolving credit facility provided to UCI International LLC and certain affiliates in connection with financing and litigation relating to UCI’s Chapter 11 bankruptcy. The credit facility was repaid in full upon plan confirmation.
Mr. Nasab also represented Allied World Assurance Company, Ltd. in an adversary proceeding brought in New York bankruptcy court by successors to the estate of MF Global Holdings, Ltd. to recover on excess insurance policies. Entering the case when Allied World was being held in contempt of court over jurisdictional conflicts, Mr. Nasab and his team successfully moved to compel arbitration in Bermuda, Allied World’s home jurisdiction. This was a precedent-setting victory, as the bankruptcy court ordered arbitration notwithstanding a provision in the plan of reorganization that gave the court jurisdiction over any adversary proceedings filed by the successors to the MF Global estate.
Outside of financial restructuring, Mr. Nasab is representing Precision Castparts Corporation and its board of directors in purported shareholder class action litigation in Oregon state court challenging Precision’s $37 billion acquisition by Berkshire Hathaway. He also obtained dismissals of lawsuits for IBM relating to its $1 billion acquisition of Merge Healthcare and for Cameron International Corporation and its directors relating to Cameron’s $14.8 billion acquisition by Schlumberger Limited.
Mr. Nasab received a B.A. from Duke University in 2002 and a J.D. from Columbia Law School in 2006. After a clerkship with the Hon. Bruce W. Kauffman of the U.S. District Court for the Eastern District of Pennsylvania and a clerkship with the Hon. Deborah L. Cook of the U.S. Court of Appeals for the Sixth Circuit, he joined Cravath in 2008 and became a partner in 2015.
Last updated: July 2019