Craig A. Wolson

Craig A. Wolson

Craig Wolson is an affiliate expert for Bates Group specializing in securitization, derivatives, securities and finance matters. His experience includes cash, synthetic and hybrid collateralized debt obligations (CDOs), asset-backed securities (ABS) of various types, structured investment vehicles (SIVs), collateralized loan obligations (CLOs), mortgage-backed securities (MBS), credit default swaps (CDS), interest rate swaps, credit-linked notes (CLNs), repurchase ("repo") agreements, securities fraud, and credit arrangements of all levels of complexity.

In 1974, Mr. Wolson received his J.D. degree from the University of Michigan where he served as an Articles Editor of the Michigan Law Review.  As a transactional attorney from 1974 to 2008, he was an Associate, Special Counsel or Partner at several of the leading transactional law firms in the United States, including Shearman & Sterling; Mayer, Brown & Platt; and Cadwalader, Wickersham & Taft. As an expert witness and/or consultant from 2008 to the present, he has worked with many of the leading litigation firms and leading litigation departments of full-service firms in the country, including Berger Montague; Chapman and Cutler;  Kirby McInerney; Labaton Sucharow; Patterson Belknap; Robbins Geller; Scott + Scott; and Williams & Connolly.

Mr. Wolson has written extensively.  Most recently he served as co-editor and co-author of Frequently Used Terms in Securitization and Structured Finance Transactions, a glossary published in November 2015 by the American Bar Association.  He has also written, co-authored or edited articles over the years that have been published, among other places, in The Business Lawyer, The Michigan Law Review and Law 360.

From 2004 to 2008, Mr. Wolson served as Chairman of the Structured Finance Committee of the New York City Bar Association. He has been recognized as a New York Super Lawyer by Law and Politics Magazine. In 2010, he was added to the American Arbitration Association's roster of arbitrators; he was asked to do so specifically because of his expertise in structured finance, securities and derivatives matters.  He has been included for many years in Who's Who in the World, Who's Who in America, Who's Who in American Law and Who's Who in Finance and Business.

 

CONSULTANT AND EXPERT WITNESS

Mr. Wolson has served as expert witness and/or consultant in numerous cases involving collateralized debt obligations (CDOs), mortgage-backed securities (MBS) and other types of securities, and credit default swaps (CDS), interest rate swaps and currency swaps.  This work, based on my experience as Counsel, Special Counsel and Partner at Mayer, Brown &  Platt, Schulte, Roth & Zabel, Duane Morris and Cadwalader, Wickersham & Taft, has included  (a) working on behalf of plaintiff hedge fund in two cases brought against two major commercial/investment banks in federal court relating to the interpretation of the collateral provisions of two CDS agreements; (b) working on behalf of two major pension funds in case brought against major bank in federal court involving fraud in the sale of MBS; (c) working on behalf of major investment bank defendant in arbitration brought by another major investment bank involving interpretation of language in nine CDO indentures; (d) working on behalf of 40,000 plaintiffs in class action brought in federal court against two major investment banks involving misrepresentations in the sale of credit-linked notes (CLNs) backed by CDOs and CDS; and (e) working on behalf of plaintiffs in Federal Claims Act case against major insurance company and several major commercial/investment banks involving false claims of over $100 billion relating to MBS, CDOs and CDS.

Securitizations 
Negotiated and documented cash, synthetic and hybrid CDOs, asset-backed commercial paper (ABCP) programs, structured investment vehicles (SIVs), collateralized loan obligations (CLOs), collateralized bond obligations, structured derivatives, securitized CLNs, securitized equipment leases, securitized railroad license agreements, securitized auto loans, securitized project finance loans and obligations of certified capital companies. Primary assets of many CDOs, ABCP programs and SIVs were mortgages, commercial MBS (CMBS) and/or residential MBS (RMBS).

Derivatives 
Structured, negotiated and/or documented secured and unsecured CDS, and interest rate, currency, commodity, equity, market value and cost of funds derivatives, using ISDA agreements and unique forms.  Was main derivatives lawyer for largest swaps dealer in world.  Heavily involved in promulgation of 1992 ISDA Master Agreement forms, which are still used throughout the industry.

Loans and Credit Facilities 
Structured, negotiated and/or documented syndicated and single-lender asset-based and other secured loans (including loans secured by inventory, accounts receivable, vehicles, equipment, trademarks, securities, and life insurance); project, lease and other limited recourse financings (of oil and gas refineries and pipelines, 747 aircraft, marine vessels, manufacturing plants, and foundries); acquisition financings; letter of credit transactions supporting rated commercial paper and tax-exempt bonds; workouts; intercreditor agreements; subordination agreements; synthetic loans and repurchase ("repo") and reverse repurchase ("reverse repo") agreements.


icon-printer

Craig A. Wolson

A Consultant and subject matter expert in these services:

Credentials

EXPERIENCE

Craig A. Wolson, Esq., New York, NY, Attorney, Consultant, and Expert Witness, 2008-Present

Taylor & Louis LLP, New York, NY, Of Counsel, 2018-Present

Law Offices of John F. Lang, New York, NY, Of Counsel, 2011-14

Tully Rinckey PLLC, Albany, NY, Of Counsel, 2009-12

Salon Marrow Dyckman Newman & Broudy LLP, New York, NY, Of Counsel, 2008-08

Cadwalader, Wickersham & Taft LLP, New York, NY, Special Counsel, 2006-08

Duane Morris LLP, New York, NY, Partner, 2003-06

Schulte Roth & Zabel LLP, New York, NY, Special Counsel, 2001-03

Mayer, Brown & Platt LLP, New York, NY, Counsel, 1999-2001

Brown & Wood LLP, New York, NY, Counsel, 1997-98

Williams & Harris LLP, New York, NY, Partner, 1995-97

Chemical Bank, New York, NY, Vice President and Assistant General Counsel, 1988-95

J.D. Mattus Company, Inc., Greenwich, CT, Vice President, Secretary, General Counsel and Director, 1985-88

Thomson McKinnon Securities Inc., New York, NY, Vice President and Assistant General Counsel, 1981-85

Shearman & Sterling, New York, NY, Associate, 1974-81

EDUCATION

University of Michigan, Ann Arbor, MI, Juris Doctor, cum laude, 1974

  • Honors: Articles Editor of Michigan Law Review
  • Best brief in moot court section
  • Case Club judge

University of Michigan, Ann Arbor, MI, Bachelor of Arts, summa cum laude, 1971

  • Honors: Phi Beta Kappa, Phi Eta Sigma, Pi Sigma Alpha (honorary fraternities)
  • James B. Angell Scholar
PROFESSIONAL HONORS

NY City Bar Association Structured Finance Committee, Chairman (appointed), 2004-08

NY City Bar Association Corporation Law Committee, Member (appointed), 1997-2000 & 2003-06

NY City Bar Association Project Finance Committee, Member (appointed), 2000-03

NY City Bar Association Securities Regulation Committee, Member (appointed), 1994-97

New York Super Lawyer, Law & Politics Magazine (national professional magazine), 2006

Who’s Who in the World (1989-1990 & 1993-present); Who’s Who in America (1992-present); Who’s Who in American Law (1986-present); Who’s Who in Finance and Business (1989-present); Who’s Who in the East (1989-present); Who’s Who of Emerging Leaders (1987)

American Arbitration Association Roster of Arbitrators, 2010-Present

66th, 67th and 68th Annual National Moot Court Competitions, Judge, 2016, 2017, and 2018

Automat:ee