Frank Strangeman is a senior associate at Lowey Dannenberg, P.C. His practice focuses on commodities manipulation and antitrust litigation. He also represents Aetna in healthcare litigation in federal and state court. Mr. Strangeman’s responsibilities include: managing e-discovery in complex litigation, facilitating various aspects of the settlement approval process, coordinating report filings for expert witnesses, and motion practice in state and federal courts.
Benchmark Manipulation: Mr. Strangeman’s recent practice includes several class actions involving the manipulation of IBOR-denominated financial instruments, in which Lowey served as either sole or co-lead counsel. See, e.g., Laydon v. Mizuho Bank, Ltd., Case No. 12-cv-03419 (S.D.N.Y); Sullivan v. Barclays PLC, Case No. 13-cv-02811 (S.D.N.Y.); In re: London Silver Fixing Ltd. Antitrust Litigation, Case No. 14-md-02573 (S.D.N.Y.); Sonterra Capital Master Fund Ltd. v. Credit Suisse Group AG, Case No. 15-cv-871 (S.D.N.Y). Collectively these actions have resulted in over $820 million in settlements.
Bond Rigging: Mr. Strangeman has assisted with Lowey Dannenberg’s representation of the Treasurer of the Commonwealth of Pennsylvania as court appointed co-lead counsel in In re GSE Bonds Antitrust Litigation, Case No. 19-cv-1704 (JSR) (S.D.N.Y.) (“GSE Bonds”), a class action against sixteen of the world’s largest banks alleging a conspiracy to fix the prices of debt securities issued by government sponsored entities. To date, Plaintiffs have reached settlements totaling more than $386 million, resulting in a substantial recovery for bond investors nationwide.
Prior to joining Lowey Dannenberg, Mr. Strangeman worked on residential mortgage-backed securities litigation matters at NewOak Capital. He previously worked at a top defense firm, focusing on high-profile antitrust litigation matters.
Mr. Strangeman is a graduate of Fordham Law School, where he was an associate editor of the Journal of Corporate and Financial Law. He was active on the Moot Court Board, serving as an associate editor and a competition team member at the J. Braxton Craven, Jr. Memorial Moot Court Competition.
B.S. St. Peter’s College, cum laude (2002), Economics Medal recipient
J.D. Fordham University School of Law (2007)
New York, New Jersey, United States District Court for the Southern and Eastern Districts of New York