Talcott J. Franklin

Talcott J. Franklin, J.D., M.A.

Founding Partner

214.642.9191

tal@fsc.legal

TJF Narrative Biography

TJF Curriculum Vitae

“It is possible to become discouraged about the injustice we see everywhere. But God did not promise us that the world would be humane and just. He gives us the gift of life and allows us to choose the way we will use our limited time on earth. It is an awesome opportunity.”

– Cesar Chavez

Talcott J. Franklin graduated magna cum laude from Washington & Lee University School of Law in 1995, where he was Editor in Chief of the Washington & Lee Law Review, a member of Order of the Coif, and the recipient of the Robert and Anne Banse Honor Scholarship.

Following law school, Tal worked at several law firms and in-house at American Airlines as Intellectual Property Counsel. In 2005, he joined Patton Boggs LLP, where he ultimately became an equity partner, Deputy Chair of Litigation firm-wide, and Dallas office head of litigation.  

In 2010, Tal started Talcott Franklin P.C., a boutique law firm with an international client base, which grew to over 20 senior attorneys licensed in twelve states. Tal has been featured on television, radio, and print media, including CNBC, NPR, the Wall Street Journal, Bloomberg, HousingWire, and numerous other outlets. 

Tal is the author or co-author of three legal treatises: Mortgage and Asset Backed Securities Litigation Handbook (West), Emergency Economic Stabilization Act Handbook (West), and Protecting the Brand (Barricade).  

Bar Memberships

State Bar of Michigan (Bar No. P79402; admitted 3.17.15); North Carolina State Bar (Bar No. 22060; admitted 8.18.95); South Carolina Bar Association (Bar No. 011611; admitted 11.18.96) (inactive); State Bar of Texas (Bar No. 24010629; admitted 5.17.99); D. Col. (admitted 8.5.08); D.D.C. (Bar No. TX0078; admitted 9.2.10); D.S.C. (Bar No. 6737; admitted 1.29.97) (inactive); E.D.N.C. (admitted 2.4.97); M.D.N.C. (admitted 4.18.96); W.D.N.C. (admitted 9.28.95); E.D. Tex. (admitted 2.18.99); N.D. Tex. (admitted 12.18.98)

Representative matters

Co-lead counsel representing Deutsche Bank as trustee of nearly 100 Trusts claiming over $6 billion in damages against the FDIC and JPMorgan Chase involving nearly 500,000 loans originated by Washington Mutual and its affiliates. Settlement resulted in allowed claim of $3,006,929,660.00 against the Washington Mutual Bank receivership. Deutsche Bank National Trust Company as Trustee for the Trusts listed in Exhibits 1-A and 1-B v. Federal Deposit Insurance Corp., JPMorgan Chase Bank, N.A. and Washington Mutual Mortgage Securities Corp., Case No. 1:09-CV-1656-RMC (D.D.C.). 

Client contact: Matthew Kalinowski, Vice President & Counsel, Deutsche Bank Legal Department. 

Opposing counsel: for JPMC, Brent McIntosh, Sullivan & Cromwell (currently general counsel of the United States Treasury); for FDIC, Scott Christensen, Hughes Hubbard & Reid, (202) 721-4644, scott.christensen@hugheshubbard.com.

Co-Counsel: Motty Schulman, Boies Schiller Flexner LLP, 914-749-8304, mshulman@bsfllp.com, Michael Endler, Boies Schiller Flexner LLP, 518-694-4230, mendler@bsfllp.com.

Co-lead counsel representing trust beneficiaries Aegon USA Investment Management, National Credit Union Association (NCUA), Bank of New York Mellon as trustee of NCUA Guaranteed Notes, Forethought Life Insurance, Axonic Credit Opportunities Master Fund, LP , Axonic PG Structured Credit Fund, LP, Axonic High Conviction Series A, EP Axonic Yield LTD, Athene Annuity & Life Assurance Company, and Athene Annuity & Life Assurance Company of New York in obtaining trust-wide settlements, including $543,456,000.00 for MARM 2006-OA2, MARM 2007-1, and MARM 2007-3; $13,434,275 for GSR 2007-OA1; $34,843,975.00 for BCAP 2007-AA2; and $56,961,881.00 HVMLT 2005-10. 

Client contact: James K. Baskin, Head of U.S. Structured Research, Aegon USA Investment Management, LLC. 

Opposing counsel: Elaine Golin, Wachtell, Lipton, Rosen & Katz; 212-403-1118; epgolin@wlrk.com.

Co-Counsel: Derek Loeser, Keller Rohrback LLP, 206.623.1900, dloeser@kellerrohrback.com, Dean Kawamoto, Keller Rohrback LLP, 206.623.1900, dkawamoto@kellerrohrback.com.  

Lead Counsel representing Knights of Columbus, SBLI, NCMIC, and Cedar Hill pursuing fraud claims against various sellers of mortgage-backed securities related to the financial crisis. Rather than go the traditional route of filing a lawsuit, Tal and his team instead sued the brokers in FINRA arbitrations, resulting in confidential resolutions. 

Client contacts: Mike Votto, VP, General Counsel and CCO, Knights of Columbus Asset Advisors; Ann-Kelley Winn, Deputy General Counsel, Prosperity Life Insurance (acquired SBLI); David M. Baccile, Chief Investment Officer, NCMIC Group, Inc.; Frank Paone, Chief Financial Officer, Cedar Hill Capital Partners LLC.

Co-Counsel: Howard Prossnitz, Law Offices Howard Prossnitz, 708-203-5747, prossnitzlaw@gmail.com

In the Matter of the Arbitration Between: Knights of Columbus v. RBS Securities, Inc., f/k/a RBS-Greenwich Capital and Greenwich Capital Markets, Inc., Case No. 13-02000, Damages claimed: $63,000,000.

Opposing Counsel: Chrisopher P. Malloy, Skadden, Arps, Slate, Meagher & Flom LLP, 212-735-3000, christopher.malloy@skadden.com.

In the Matter of the Arbitration Between: Knights of Columbus v. Credit Suisse Securities (USA), LLC f/k/a Credit Suisse First Boston LLC., et al., Case No. 13-01910, Damages claimed: $26,415,000.

Opposing Counsel:  Richard W. Clary, Cravath, Swaine & Moore LLP, 212-474-1000, rclary@cravath.com.

In the Matter of the Arbitration Between: Knights of Columbus v. Countrywide Securities Corporation, et al., Case No. 13-01656, Damages claimed: $10,300,000.

Opposing Counsel: Rodney Acker, Fulbright & Jaworski LLP, 214-855-8000, rodney.acker@nortonrosefulbright.com.

In the Matter of the Arbitration Between: Knights of Columbus v. UBS Real Estate Securities, Inc., UBS Securities LLC, Case No. 13-02145, Damages claimed: $2,500,000.

Opposing Counsel: Jonathan K. Youngwood, Simpson Thacher & Bartlett LLP, 212-455-2000, jyoungwood@stblaw.com.

In the Matter of the Arbitration Between: Knights of Columbus v. Citigroup, Inc., et al., Case No. 13-01911, Damages claimed: $3,500,000.

Opposing Counsel: Susanna M Buergel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, 212-373-3000, sbuergel@paulweiss.com.

In the Matter of the Arbitration Between: SBLI Mutual Life Insurance Company v. RBS Securities, Inc., f/k/a RBS-Greenwich Capital and Greenwich Capital Markets, Inc., Case No. 13-03640, Damages claimed: $2,589,734.

Opposing Counsel: Chrisopher P. Malloy, Skadden, Arps, Slate, Meagher & Flom LLP, 212-735-3000, christopher.malloy@skadden.com.

In the Matter of the Arbitration Between: SBLI Mutual Life Insurance Company v. Barclays Capital, Inc., Case No. 13-03637, Damages claimed: $353,373.

Opposing Counsel: Jeffrey T. Scott, Sullivan & Cromwell LLP, 212-558-4000, scottj@sullcrom.com.

In the Matter of the Arbitration Between: SBLI Mutual Life Insurance Company v. Countrywide Securities Corporation, et al., Case No. 13-03641, Damages claimed: $825,901.

Opposing Counsel: Rodney Acker, Fulbright & Jaworski LLP, 214-855-8000, rodney.acker@nortonrosefulbright.com.

In the Matter of the Arbitration Between: NCMIC Insurance Company v. Countrywide Securities Corporation, et al., Case No. 13-03348, Damages claimed: $6,618,428.

Opposing Counsel: Rodney Acker, Fulbright & Jaworski LLP, 214-855-8000, rodney.acker@nortonrosefulbright.com.

In the Matter of the Arbitration Between: Cedar Hill Mortgage Opportunity Master Fund, LP v. UBS Securities LLC, Case No. 13-02276, Damages claimed: $14,058,263.

Opposing Counsel: Jonathan K. Youngwood, Simpson Thacher & Bartlett LLP, 212-455-2000, jyoungwood@stblaw.com.

In the Matter of the Arbitration Between: Cedar Hill Mortgage Opportunity Master Fund, LP v. Citigroup Global Markets, Inc., et al, Case No. 13-02674, Damages claimed: $28,736,384.

Opposing Counsel: Susanna M Buergel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, 212-373-3000, sbuergel@paulweiss.com.

After the FDIC entered a cease and desist order, In the matter of Fremont Investment & Loan, Docket No. FDIC-07-035b (Mar. 7, 2007), appointed lead securitization counsel representing Fremont on settlements of outstanding claims of over $1 billion involving virtually all loans sold to multiple purchasers, including the world’s largest financial institutions, and assigned to hundreds of securitization trusts. Resulted in resolutions that prevented losses to depositors or FDIC insurance fund. Only two lawsuits were filed and both quickly resolved. Morgan Stanley Mortgage Capital Holdings LLC v. Fremont Investment & Loan, No. 07-CIV-9457 (S.D.N.Y.); Aurora Loan Services, LLC v. Fremont Investment & Loan, Civil Action No. 1:07-CV-01284-RPM (D. Col.). 

Client Contact: unavailable (Fremont was subsequently sold to CapitalSource).

Opposing counsel: multiple, but for Deutsche Bank National Trust Co., John Rosenthal, Morgan Lewis & Bockius; 415.442.1346; jrosenthal@morganlewis.com

Co-Counsel: Retired. 

Lead Counsel representing Supreme Lending requesting a permanent injunction and damages for servicing violations on 6000 loans sold to CitiMortgage. Case resolved after Court denied Defendant’s motion to dismiss. Everett Financial, Inc. d/b/a Supreme Lending v. CitiMortgage, Inc., Case No. 16SL-CC00272 (Cir. Ct. Mo. Aug. 3, 2016). 

Client contact: Scott Everett, CEO. 

Opposing counsel: Louis F. Bonacorsi, Bryan Cave, lfbonacorsi@bryancave.com.

Co-Counsel: None.     

Co-lead counsel representing Huntington, Charleston, Kenova, and Ceredo, West Virginia in action against The Joint Commission and Joint Commission Resources involving the nationwide opioid crisis, seeking damages and injunctive relief to change the Pain Management Standards. City of Charleston, West Virginia, et al., v. The Joint Commission, et al., Case No. 2:17-cv-04267 (S.D. W. Va.). 

Client contact: Kevin Baker, City Attorney, City of Charleston.

Opposing counsel: Allen M. Lopus, Clark Hill PLC, 412.394.7713 alopus@clarkhill.com

Co-Counsel: Charles R. “Rusty” Webb, The Webb Law Centre, PLLC, (304) 344-9322, rusty@rustywebb.com; W. Jesse Forbes, Forbes Law Offices, PLLC, (304) 343-4050, wjforbes@forbeslawwv.com

Lead counsel representing over 50 investor/creditors in largest financial institution bankruptcy in history. In re Residential Capital, LLC, et al., Case No. 12-12020 (MG) (S.D.N.Y. Dec. 11, 2013). Resulted in allowed claim of $8.7 billion. 

Client contact: Rick Reed (ret.), Executive Vice President & Chief Operating Officer, First National Bank & Trust of Rochelle.

Opposing counsel: too numerous to list.

Co-Counsel: Aaron R. Cahn, Carter Ledyard & Milburn LLP,  212.238.8629, cahn@clm.com; Robert Wolford, Miller, Johnson, Snell & Cummiskey, 616-831-1726,  wolfordr@millerjohnson.com.

 Prior results do not guarantee a similar outcome.