Douglas (Doug) Thompson defends class action litigation matters and represents financial institutions and businesses in related regulatory investigations. Throughout his career, he has represented clients in more than 250 putative class actions and has been admitted pro hac vice in numerous federal district courts. He serves as Co-Leader of the firm's Global Banking Sector, assisting clients in mitigating emerging regulatory and litigation risks and collaborating with Banking Sector clients to champion innovation, inclusion and thought leadership initiatives. Over the past decade, Doug has served in a variety of firm leadership roles, including Global Practice Group Co-Leader for the firm’s Financial Services Disputes & Investigations Practice, Managing Partner of the Los Angeles office and Class & Derivative Actions Practice Group Leader.
For financial institutions, he has defended claims under federal banking and consumer lending laws such as the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Fair and Accurate Credit Transactions Act (FACTA), Fair Debt Collections Practices Act (FDCPA), and Equal Credit Opportunity Act (ECOA). He also defends banking deposit operations claims, including claims challenging compliance with Know Your Customer (KYC) rules, claims involving alleged ACH and wire transfer frauds, business email compromise (BEC) claims, social engineering claims, privacy contract claims, and Bank Secrecy Act (BSA) related issues. His banking expertise also cover claims concerning commercial banking rules such as swaps products, purported Ponzi schemes, and related alleged violations of state unfair and deceptive acts or practices (UDAP) statutes.
Doug has defended a variety of businesses across multiple industries, including technology, food and cosmetics, retail and financial services companies; against statutory claims arising from operations and sales practices, labeling and marketing issues, sustainability and ESG risk considerations such as purported greenwashing and other representation and disclosures risks. These suits often assert state law UDAP, fraud and unjust enrichment challenges. He has represented businesses in both defending and asserting unfair competition, breach of contract, and trade secret claims, as well as claims for alleged violations of representation and warranties.