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Position: Partner
Rating:
  • Future Star
Jurisdictions:
Languages:
English
Biography
Molly Wells represents plaintiffs and defendants in complex commercial litigation and arbitration matters, with experience spanning contract disputes, unfair trade practices, securities and antitrust litigation, common-law aiding and abetting claims, and mineral law disputes. She is known for her careful attention to detail and strategic approach to resolving sophisticated business disputes both before and during litigation.

Notably, she was counsel to investors defrauded in R. Allen Stanford’s $7 billion Ponzi scheme in their lawsuit against five banks alleged to have aided and abetted or knowingly participated in the scheme. Settlements totaling $1.6 billion were reached with the bank defendants on the eve of trial.

Molly is also a member of the firm’s international arbitration team, representing claimant companies in disputes arising under bilateral investment treaties. She currently represents Turkish construction company Akgun Insaat Makina Sanayii ve Dis Ticaret Ltd. Sti in an arbitration against the Federal Democratic Republic of Ethiopia under the Turkey-Ethiopia BIT.

Before joining Fishman Haygood, Molly clerked for the Honorable Carl J. Barbier of the United States District Court for the Eastern District of Louisiana.
Bar admissions
  • Louisiana - 2015
Recent matter/case highlights
  • Represents the Official Stanford Investors Committee (OSIC), with claimed damages exceeding $5 billion, resulting from the infamous Stanford International Bank certificate of deposit Ponzi scheme. OSIC asserts aiding and abetting claims against Bank of New York Mellon for its role in providing banking services to the Stanford International Bank and its affiliated entities, facilitating investors’ purchases of fraudulent CDs.
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  • Represented individuals and the Official Stanford Investor’s Committee against five banks, with particular concentration on claims against Trustmark National Bank and Independent Bank of Texas (formerly known as Bank of Houston), in a lawsuit alleging the banks’ aiding and abetting of the $7 billion Ponzi scheme perpetrated by R. Allen Stanford. Settlements of $100 million were reached with both Trustmark and Bank of Houston in early 2023, with total recoveries from all five bank defendants (The Toronto-Dominion Bank, Société Générale Private Banking (Suisse) S.A., HSBC Bank plc, Trustmark, and Bank of Houston) amounting to more than $1.6 billion.
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  • Represents contractor ETRAK INŞAAT TAAHHÜT VE TICARET ANONIM ŞIRKETI (Etrak) in ongoing enforcement efforts related to its favorable international arbitral award against the State of Libya for its failure to honor a settlement agreement between the parties. U.S. District Judge for the District of Columbia Jia Cobb confirmed the arbitral award and issued judgment in Etrak’s favor. The firm is now pursuing all avenues available domestically in the U.S., including the seizure of Libyan assets, to fulfill the terms of the Award.
Key practice areas
  • Appellate
  • Class action
  • Commercial
  • Commercial disputes
  • International arbitration
  • Plaintiff
  • Securities
Sector expertise
  • Banking
  • Financial services
  • Media
Academic qualifications
  • J.D., summa cum laude - Tulane University Law School - 2014
  • B.A. in French, cum laude - University of Richmond - 2005
Association/network memberships
  • Louisiana State Bar Association - 2015
  • ArbitralWomen - 2023
  • Association for Women Attorneys    
  • New Orleans Bar Association
Address:
201 St. Charles Ave., Ste. 4600
New Orleans, LA 70170
Tel:+1 504 556 5505 Email:Contact this practitioner Website:https://www.fishmanhaygood.com/attorneys/molly-l-wells/