Gerald A. Liloia

Bio

Gerald A. Liloia is Of Counsel with the Firm, which he has been with for over 35 years. His practice has included a wide variety of commercial litigation matters, with an emphasis on litigating cases for banks and other financial institutions.

Over a six-year period beginning in 1989, Jerry represented the Resolution Trust Corporation and the Federal Deposit Insurance Corporation in complex litigation relating to the closing of the largest savings and loans in New Jersey, making new law in the process. Earlier, he represented money centers and regional banks in the collection and restructuring of loans to private and public entities in Central America, Mexico, and London. He was lead counsel in handling litigation for Wachovia Corporation, Bank of America, and a variety of smaller New Jersey banks.

Jerry’s practice includes an increasing number of securities cases, primarily representing large brokerage firms, such as UBS, in the defense of securities law claims. Jerry also heads our practice group which is well-respected for its handling of fiduciary and directors and officers liability litigation, including claims for breach of fiduciary duty, negligence, self-dealing, securities violations, and accounting irregularities. Most recently, Jerry has represented a state pension fund in a highly visible securities fraud action against a Fortune 100 company and other entities and represented a key party in one of the largest and most significant reinsurance arbitrations-litigation in recent years. Jerry is also very active in the area of real estate workouts and restructurings, as well as the defense of lender liability claims. He has represented many major New Jersey and money center banks in connection with distressed real estate and commercial loans.

The key to success for both the firm and himself, he believes, is an emphasis on client relations.

A commercial client once phoned Jerry for representation because his firm needed “an iron fist in a velvet glove.” The terminology provides an apt description of Jerry, who has developed a reputation as a tough lawyer who can aggressively argue cases, but who is equally skillful in negotiating them to a settlement if necessary.

Chambers USA: America’s Leading Lawyers for Business has ranked Jerry in its Client’s Guide since 2004 for Commercial Litigation. Jerry is a “focused” litigator and a “sound negotiator” who “understands business and is creative in his strategies,” according to the Client Guide. He is noted for his extensive experience across an impressive range of disputes, fielding particular expertise in acting for major brokerage firms in securities litigation. Described as “smart” and “practical,” he is credited with an “incisive mind” with “first-rate communication skills” and “a remarkable litigation insight that is almost a sixth sense.” Sources also call Jerry a “surefire winner for clients, thanks to his ‘unfailing accessibility'” and praise his ability to “take both the hard and soft approach as necessary.” Clients interviewed by Chambers also praise the “robust but fair approach he takes to litigation matters.”

Best Lawyers in America®, a peer review of U.S. lawyers, has included Jerry on its “Best Lawyers” list in the fields of Commercial Litigation, Banking Litigation, and Real Estate Litigation since 2007. He has been named “Lawyer of the Year” for Banking and Finance Litigation for 2018, 2020, and 2022 in the Newark region, an honor given annually to a single attorney in each practice area in each region. Thomson Reuters has included him on New Jersey’s “Super Lawyers” list for Business Litigation since 2005. See Awards and Honors Methodology.

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Areas of Emphasis

Banking Litigation

Commercial Litigation

Securities Litigation

Insurance and Reinsurance Litigation and Arbitration

Directors and Officers Liability Litigation

Bar Admissions

New Jersey

United States District Court, District of New Jersey

Education

Rutgers University School of Law-Newark, LL.B.

Seton Hall University, B.A.

Professional Activities

Has lectured to international lawyer audiences on American litigation

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